This paper provides a review of the methods for measuring portfolio performance and the evidence on the performance of professionally managed investment portfol

Just how successful is that investment? Measuring portfolio performance requires evaluation (measuring portfolio results against benchmarks) and attribution (de

In order to make sound investment choices, investors must know the projected return on investment in relation to the risk of not being paid. Benchmarks are exce

This book covers each step in the asset allocation process, addressing as many of the relevant questions as possible along the way. How can we formulate expecta

A comprehensive reference work presenting an original framework for evaluating observed differences in returns across assets.