Performance Evaluation and Attribution of Security Portfolios
- Bernd Fischer, Managing Director of IDS GmbH - Analysis and Reporting Services (a subsidiary of Allianz SE).
- Russ Wermers, University of Maryland
Just how successful is that investment? Measuring portfolio performance requires evaluation (measuring portfolio results against benchmarks) and attribution (determining individual results of the portfolio's parts), In this book, a professor and an asset manager show readers how to use theories, applications, and real data to understand these tools. Unlike others, Fischer and Wermers teach readers how to pick the theories and applications that fit their specific needs. With material inspired by the recent financial crisis, Fischer and Wermers bring new clarity to defining investment success.
Financial economics MA, MBA, and Ph.D. students studying asset pricing, portfolio management, financial management, and risk management.