Measuring Investment Performance: Calculating And Evaluating Investment Risk And Return

Measuring Investment Performance: Calculating and Evaluating Investment Risk and Return

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. From the Back Cover ``This is one of the best books dealing with performance measurement and performance presentation, and one that almost any interested investor can understand.''--Michael Caccese, Senior Vice President, General Counsel, and Secretary AIMR. ``Measuring Investment Performance will serve as the standard for those in the industry who are responsible for maintaining and monitoring investment results. David Spaulding's book is well-timed as the securities industry debates how to adapt standards that are still being developed. Relative to performance measurement, the industry will now have a rule book to determine what is fair and what is foul.''--Robert McAllister, Vice President, DST Belvedere Financial Systems, Inc. ``A clear, concise, yet comprehensive picture of the basics as well as nuances of generating performance figures, evaluating the results, and ways of meeting standards for reporting such. Investment managers, plan sponsors, and interested individuals would do well to have a copy of the book handy.''--James L. Farrell, Chairman, Farrell-Wako Global Investment Management, Inc. ``The book covers a deal of territory concerning investment management performance in an easy-to-read and informative manner.''--James Hollis, CFA, Vice President and Director, Standish, Ayer & Woods, Inc. Measuring Investment Performance goes beyond other books to fully detail the standards you should use to track and gauge any money manager's performance. Whether you are the manager of a multi-million dollar corporate pension fund or a newly-minted $500 college fund, David Spaulding's authoritative book is your guide book for ensuring that you get the investment professionalism and performance you deserve. About the Author David Spaulding is President of The Spaulding Group, Inc., a consulting firm to the money management industry, and is an acknowledged authority on performance evaluation and the AIMR Performance Presentation Standards. Mr. Spaulding publishes The Journal of Performance Measurement, speaks at numerous industry conferences, and is a frequent contributor to influential industry magazines, including Pensions & Investments, Wall Street & Technology, Traders Magazine, and Premier Review. He was elected as a Certified Management Consultant by the Institute of Management Consultants, and is a former member of the Investment Advisors Data Processing Forum.