Investment Performance Measurement

William Bain (Author)

9781855731950, Elsevier Science

Hardback, published 28 February 1996

224 pages
23.3 x 15.6 x 2 cm, 0.62 kg

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.

Section 1 What is performance measurement? History of performance measurement
The benchmarks
Performance analysis
Management control. Section 2 How to measure performance: The basic calculations
Performance standards
Risk. Section 3 The results: Evidence of universal results
The investment management process
International differences
Myths and misunderstandings
Customised benchmarks
The international dimension.

Subject Areas: Investment & securities [KFFM]