Performance Benchmarks for Institutional Investors
Author | : David Blake |
Publisher | : |
Total Pages | : 60 |
Release | : 2001 |
Genre | : Asset allocation |
ISBN | : |
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Author | : David Blake |
Publisher | : |
Total Pages | : 60 |
Release | : 2001 |
Genre | : Asset allocation |
ISBN | : |
Author | : Jon A. Christopherson |
Publisher | : McGraw Hill Professional |
Total Pages | : 14 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0071733183 |
Here is a chapter from Portfolio Performance Measurement and Benchmarking, which will help you create a system you can use to accurately measure your performance. The authors highlight common mechanical problems involved in building benchmarks and clearly illustrate the resulting fallouts. The failure to choose the right investing performance benchmarks often leads to bad decisions or inaction and, inevitably, lost profits. In this book you will discover a foundation for benchmark construction and discuss methods for all different asset classes and investment styles.
Author | : Christopherson |
Publisher | : Tata McGraw-Hill Education |
Total Pages | : 0 |
Release | : 2009-12 |
Genre | : |
ISBN | : 9780070683389 |
The first comprehensive guide to equity benchmark construction for your portfolio.The failure to choose the right investing performance benchmarks often leads to bad decisions or inaction and, inevitably, lost profits. Portfolio Performance Measurement and Benchmarking helps high-net-worth and institutional investors create a system they can use to accurately measure their performance.The authors highlight common mechanical problems involved in building benchmarks and clearly illustrate the resulting fallouts. They provide a foundation for benchmark construction and discuss methods for all different asset classes and investment styles.
Author | : Jon A. Christopherson |
Publisher | : McGraw Hill Professional |
Total Pages | : 482 |
Release | : 2009-08-05 |
Genre | : Business & Economics |
ISBN | : 0071713662 |
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 excellent evaluators, but the failure to choose the right investing performance benchmark often leads to bad decisions or inaction, which inevitably results in lost profits. The first book of its kind, Portfolio Performance Measurement and Benchmarking is a complete guide to benchmarks and performace evaluation using benchmarks. In one inclusive volume, readers get foundational coverage on benchmark construction, as well as expert insight into specific benchmarks for asset classes and investment styles. Starting with the basics—such as return calculations and methods of dealing with cash flows—this thorough book covers a wide variety of performance measurement methodologies and evaluation techniques before moving into more technical material that deconstructs both the creation of indexes and the components of a desirable benchmark. Portfolio Performance Measurement and Benchmarking provides detailed coverage of benchmarks for: U.S. equities Global and international equities Fixed income Real estate The team of renowned authors offers illuminating opinions on the philosophy and development of equity indexes, while highlighting numerous mechanical problems inherent in building benchmarks and the implications of each one. Before you make your next investment, be certain your return will be worth the risk with Portfolio Performance Measurement and Benchmarking.
Author | : John Knight |
Publisher | : Elsevier |
Total Pages | : 397 |
Release | : 2002-07-10 |
Genre | : Business & Economics |
ISBN | : 0080497632 |
The distinction between out-performance of an Investment fund or plan manager vs rewards for taking risks is at the heart of all discussions on Investment fund performance measurement of fund managers. This issue is not always well-understood and the notion of risk adjusting performance is not universally accepted. Performance Measurement in Finance addresses this central issue. The topics covered include evaluation of investment fund management, evaluation of the investment fund itself, and stock selection performance. The book also surveys and critiques existing methodologies of performance measurement and covers new innovative approaches to performance measurement. The contributors to the text include both academics and practitioners providing comprehensive coverage of the topic areas. Performance Measurement in Finance is all about how to effectively measure financial performance of the fund manager and investment house managers, what measures need to be put in place and technically what works and what doesn't. It covers risk, and what's acceptable and what isn't, how, in short, to manage risk. Includes practical information to enable Investment/Portfolio Managers to understand and evaluate fund managers, the funds themselves, and Investment firms Provides a full overview of the topic as well as in-depth technical analysis
Author | : William Bain |
Publisher | : Woodhead Publishing |
Total Pages | : 226 |
Release | : 1996-02-28 |
Genre | : Business & Economics |
ISBN | : 9781855731950 |
This book is split into four distinct sections to provide a complete account of investment performance measurement. The first section examines the development of the concept of performance measurement with the evolution of benchmarks and the increasing sophistication of performance analysis. The practical implications of performance measurement are tackled in the second section, with particular emphasis on the calculations that can be used to derive a rate of return for a fund and risk is also examined in detail. The third section covers the performance measurement of pension funds over the last 25 years and the lessons that can be learned about the investment performance and measurement process. The final section considers the future prospects for performance measurement and proposes potential future directions for the measurement of investment performance.
Author | : Richard Ennis |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : |
Most institutional investors, such as public pension funds and endowments, report their performance using biased benchmarks. The benchmarks are biased downwardly, meaning their returns tend to be less than a fair return for the market exposures and risk exhibited by the institutions' portfolios. Significant samples of both fund types exhibit benchmark bias in the range of 1.4 to 1.7 percentage points per year. This bias enables a sizable majority of both types of funds to report outperforming their chosen benchmarks when, in fact, most underperform an appropriate passive-management benchmark by a wide margin. Benchmark bias masks serious agency problems in the management of institutional funds. For example, fund staff and consultants have strong incentives to justify complex, costly, multi-asset-class portfolios, for which they themselves are the benchmarkers. Trustees may feel they have no choice but to accept the benchmarking and reporting by staff and consultants, but this only perpetuates the problem. At the very least, investment trustees should step up and take control of benchmarking and performance reporting. For they are the ones charged with watching the watchmen.
Author | : Jon A. Christopherson |
Publisher | : McGraw Hill Professional |
Total Pages | : 29 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0071733345 |
Here is a chapter from Portfolio Performance Measurement and Benchmarking, which will help you create a system you can use to accurately measure your performance. The authors highlight common mechanical problems involved in building benchmarks and clearly illustrate the resulting fallouts. The failure to choose the right investing performance benchmarks often leads to bad decisions or inaction and, inevitably, lost profits. In this book you will discover a foundation for benchmark construction and discuss methods for all different asset classes and investment styles.
Author | : Jon A. Christopherson |
Publisher | : McGraw Hill Professional |
Total Pages | : 19 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0071733264 |
Here is a chapter from Portfolio Performance Measurement and Benchmarking, which will help you create a system you can use to accurately measure your performance. The authors highlight common mechanical problems involved in building benchmarks and clearly illustrate the resulting fallouts. The failure to choose the right investing performance benchmarks often leads to bad decisions or inaction and, inevitably, lost profits. In this book you will discover a foundation for benchmark construction and discuss methods for all different asset classes and investment styles.
Author | : Jon A. Christopherson |
Publisher | : McGraw Hill Professional |
Total Pages | : 16 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0071733167 |
Here is a chapter from Portfolio Performance Measurement and Benchmarking, which will help you create a system you can use to accurately measure your performance. The authors highlight common mechanical problems involved in building benchmarks and clearly illustrate the resulting fallouts. The failure to choose the right investing performance benchmarks often leads to bad decisions or inaction and, inevitably, lost profits. In this book you will discover a foundation for benchmark construction and discuss methods for all different asset classes and investment styles.