Practical Portfolio Performance Measurement and Attribution 3rd Edition

Practical Portfolio Performance Measurement and Attribution 3rd Edition

This book is a practical guide that shows how performance measurement and attribution analysis influence decision-making in asset management companies. *Practical Portfolio Performance Measurement and Attribution* focuses on how returns are used in daily investment work, instead of just talking about complicated academic theories. It helps portfolio managers and analysts understand what their portfolios are earning, why those results happen, and how they can improve their strategies. Based on his experience as a Director of Performance Measurement & Risk Control, Carl R. Bacon explains the key methods professionals use today.

Now in its third edition, the book has been updated to reflect the latest changes in the industry, including new standards for performance attribution and reporting.
It takes readers through the whole process—from calculating returns and assessing risk to understanding attribution techniques, selecting managers, and presenting performance results. Each topic is explained in simple terms, with real-world examples and Excel-based cases to show how these methods are used in actual investment settings.

Written by a leading expert in global performance standards and attribution methods, the book follows the 2020 Global Investment Performance Standards (GIPS®).
It makes complex math ideas easy to understand so readers can use them in their work. Bacon also looks ahead to future trends in performance measurement, helping professionals prepare for upcoming changes.

Whether you’re in performance analysis, risk management, portfolio management, compliance, or any area of the investment world, this book is a must-have resource.
It provides clear explanations and useful tools for anyone involved in measuring, interpreting, or sharing investment performance.

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