Performance Attribution History and Progress is popular PDF and ePub book, written by Carl R. Bacon in 2019-12-23, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Performance Attribution History and Progress can be Read Online from any device for your convenience.
Performance Attribution History and Progress Book PDF Summary
The objective of performance attribution is to explain portfolio performance relative to a benchmark, identify the sources of excess return, and relate those sources to active decisions by the portfolio manager. This review charts the development of attribution from its beginning with Fama decomposition in the 1970s, through its foundations in the 1980s, into its issues of multiperiod and multicurrency attribution in the 1990s, and ending on its more detailed models for fixed-income and risk-adjusted attribution in recent years. Types of attribution (including returns based, holdings based, and transaction based) are also discussed as is money-weighted attribution and developments associated with notional funds.
Detail Book of Performance Attribution History and Progress PDF
- Author : Carl R. Bacon
- Release : 23 December 2019
- Publisher : CFA Institute Research Foundation
- ISBN : 9781944960902
- Genre : Business & Economics
- Total Page : 68 pages
- Language : English
- PDF File Size : 15,5 Mb
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