Performance Evaluation and Attribution of Security Portfolios (Handbooks in Economics (Academic Press))

by Bernd R. Fischer  (Author), Russ Wermers  (Author)



Just how talented are your investment managers?  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 very latest scientific 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.

• Gives readers the theories and the empirical tools to handle their own data
• Chapter-end problems build understanding
• Filled with examples that size-up real asset managers
• Includes extensive discussion and numerical examples of the widely used DGTW stock benchmark portfolios
• Features practice problems from the CFA Program curriculum.

此版本在原文本的基础上做了一定的修复：