Investing & Finance - General & Miscellaneous, Investing - Strategies
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Overview
"This is one of the best books dealing with performance measurement and performance presentation, and one that almost any interested investor can understand.NMichael Caccese, Senior Vice President, General Counsel, and Secretary, AIMR. Investors who are blinded by impressive short-term return figures, especially in todayOs go-go markets, may one day see a portfolio that is wholly inappropriate to their situations and circumstances. Measuring Investment Performance is the new bible for measuring performance in the money management industry. Working under the assumption that statistics used to measure performance should be appropriate, consistent, bias-free, and standardized, financial management consultant David Spaulding delivers an insightful (and often witty) resource for guaranteeing that you are acting appropriately and with the greatest chance of success as a financial advisor or, if you are an investor, that you or your company are in the correct investment every time. Highlights include ways to assess a managerOs style and verify that he or she is sticking to it, in-depth explanations of different types of risk and risk-based performance assessments, a comprehensive look at the SEC with appendixes that contain complete texts of notable SEC No-Action letters, an overview of the main performance measurement (BAI and ICAA) and reporting (AIMR and IMCA) standards, and case histories of actual companies, and how specific rulings and sanctions have clarified what investors can or canOt be told when it comes to performance measurement. Are you a money manager who needs complete information on measurement and reporting standards, or an investor or investment professional curious about how you can fairly and accurately compare investments with different approaches and goals? Measuring Investment Performance is the one book you need to demystify and clarify this rapidly-changing subject!Editorials
Booknews
Advises investors how to avoid being blinded by impressive short-term figures only to discover later that their portfolios are totally inappropriate to their situations and circumstances. Explains how to generate performance figures and evaluate the results, how to calculate the market value of investments over time, and how to evaluate the investment decisions a money manager makes. Of interest to professional and amateur investors. Annotation c. by Book News, Inc., Portland, Or.Book Details
Published
September 1, 1997
Publisher
McGraw-Hill Companies, The
Pages
212
Format
Hardcover
ISBN
9780786311774