Practical analysis for investment professionals

performance measurement


Book Review: Performance Evaluation and Attribution of Security Portfolios

Highly recommended for professionals who evaluate portfolio managers (e.g., wealth managers, advisers, fund allocators), this book blends traditional concepts of portfolio evaluation with the latest academic findings. Unlike books that are either concerned exclusively with nuts-and-bolts issues or unduly theoretical, it provides an optimal balance for the benefit of both practitioners and academicians.

Portfolio Evaluation: Benchmarking for Success

Can portfolio evaluation be done in a way that helps investment managers succeed? For the latest installment in his multi-asset strategy series, Larry Cao, CFA, posed this question to some of the smartest institutional investors around. Here's what they had to say.

The Importance of Purpose for Driving Long-Term Corporate Value

Companies may better serve society by bringing corporate purpose, as expressed in authentic branding and mission statements, into alignment with business actions.

Stick to the FACTS: A Framework for Evaluating Investments

Looking for a framework for determining investment strategy selection and assessment? Choosing your investment opportunities simply comes down to the FACTS.

Is Private Equity Out of Tune with Society?

Against a weaker economic background, a re-run of pre-crisis practices is no longer acceptable. In the face of criticism from regulators, investors, and politicians alike, an overhaul of private equity practices is overdue.

Your Investment Returns: Don’t Envy the Dows or the Joneses

Relative returns (your investment returns relative to your peers or the market) likely play an underestimated role in how satisfied you are with the progress of your investments. Successful investing requires patience and a willingness to act against the crowd. Follows are a few simple suggestions that might keep you from questioning your well-thought-out investment strategy at the wrong time.

Book Review: Best-Practice EVA: The Definitive Guide to Measuring and Maximizing Shareholder Value

Executives who are looking for metrics that line managers can use to fuel growth, as well as financial analysts seeking tools to enhance the investment decision-making process, will find this guide to the new EVA ratios an invaluable addition to their evaluation arsenals.

Choosing Investment Managers: A Guide for Institutional Investors

Many institutions, even the large, sophisticated plan sponsors, end up buying high and selling low when it comes to hiring investment managers. How can that be?

Where Is Risk Hiding Now? Pandas, Tail Risks, and Safe Havens

The efforts of some financial institutions to quantify value at risk (VaR) and other uncertainties, and to establish an effective culture of risk management, have blown up spectacularly at both an organizational and a portfolio level.

Investment Strategy: Rethinking Hedge Fund Indices

Creating a hedge fund index that reflects investor experience is certainly a challenge, but the assertions made in the academic research point fingers at the wrong issues. Ted Seides thinks it worthwhile to set the record straight.



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