Investment performance, whether of portfolios or individual managers, cannot be evaluated without a performance yardstick (i.e., a benchmark); however, selecting the wrong benchmark can be as damaging as poor portfolio management. The authors in this proceedings discuss what constitutes an appropria
Performance Evaluation, Benchmarks, and Attribution Analysis
β Scribed by Multiple Authors
- Publisher
- AIMR (CFA Institute)
- Year
- 1995
- Tongue
- English
- Leaves
- 174
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
Judging investment performance is more difficult than ever today because of the complexity of markets and instruments and the uncertainties involved in determining the causes of success or failure. This proceedings examines important aspects of performance evaluation tools and offers guidelines for motivating people to achieve investment success.
β¦ Table of Contents
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