Performance Evaluation and Attribution Volume Two: Analysis and Reporting - Softcover

Singer, Brian; Wermers, Russ; Fischer, Bernd R.

Softcover

ISBN 10: 0128183012 ISBN 13: 9780128183014

Publisher: Academic Press, 2026

Synopsis

This Second Edition of Performance Evaluation and Attribution Volume Two: Analysis and Reporting explains the practical aspects of building or interpreting a top-to-bottom performance attribution system applicable to many asset classes, providing a toolkit of attribution techniques for analyzing the performance of portfolio managers. Requiring a familiarity with the principal concepts of portfolio analysis, it features standard methodologies and alternative approaches to the attribution of diverse assets, including derivatives, fixed income, and hedge funds. Based on the authors’ Performance Evaluation and Attribution of Security Portfolios (2012), this volume‘s concentration on the ethical standards embodied by GIPS includes a summary of provisions for the presentation of risk in a firm’s investments.

• Features new changes to Global Investment Performance Standards (GIPS)
• Expands and updates all chapters, including new sections on the return calculation of derivatives
• Embodies a practical point of view and clear division of chapters

About this title

About the Authors

Brian Singer, CFA, is the co-CEO of Wealth Horizons Inc., a private wealth firm founded by seasoned investment professionals. With over four decades of global macro investment experience, he has served on multiple for-profit and not-for-profit boards and previously chaired the Board of Governors of the CFA Institute, the Research Foundation of the CFA Institute, and the CFA Institute Curriculum Committee.

A published author of books, monographs, and articles, Brian has contributed to leading finance journals and is recognized for helping define the practice of macro investing ― particularly in the areas of currency management, performance attribution, and risk management. He is a steadfast advocate for free-market solutions to society’s most complex challenges.

He has a lovely wife, Linda, and two wonderful adult children, Margo and Andy.

Russ Wermers is the Paul J. Cinquegrana '63 Endowed Chair in Finance and Director of the Center for Financial Policy (CFP) University of Maryland at College Park. His research, published in leading scholarly journals, has developed new approaches to measuring and attributing the performance of mutual funds, pension funds, and private equity funds, which, among other applications, can be used to identify superior active funds. Professor Wermers consults for the asset management industry. He received his Ph.D. from the University of California, Los Angeles, in December 1995.

Bernd Fischer has occupied various high profile positions including Managing Director of IDS GmbH - Analysis and Reporting Services (a subsidiary of Allianz SE), one of the largest internationally operating providers of operational investment controlling services for institutional investors and asset managers; he was Global Head of Risk Controlling and Compliance in the central business segment Asset Management of Commerzbank AG and was also responsible for the operational Risk and Performance Controlling division of Cominvest GmbH. Between 2000 and 2004, he was a member of the CFA Institute's Investment Council. Since 2020, he has worked as an independent writer, covering political, cultural and economic topics for renowned German journals and blogs.

From the Back Cover

This Second Edition of Performance Evaluation and Attribution Volume Two: Analysis and Reporting explains the practical aspects of building or interpreting a top-to-bottom performance attribution system applicable to many asset classes, providing a toolkit of attribution techniques for analyzing the performance of portfolio managers. Requiring a familiarity with the principal concepts of portfolio analysis, it features standard methodologies and alternative approaches to the attribution of diverse assets, including derivatives, fixed income, and hedge funds. Based on the authors’ Performance Evaluation and Attribution of Security Portfolios (2012), this volume‘s concentration on the ethical standards embodied by GIPS includes a summary of provisions for the presentation of risk in a firm’s investments.
About the Authors
Brian Singer, CFA, is the co-CEO of Wealth Horizons Inc., a private wealth firm founded by seasoned investment professionals. With over four decades of global macro investment experience, he has chaired the CFA Institute’s Board of Governors, Curriculum Committee, and Research Foundation. A published author and frequent contributor to leading finance journals, he has helped define key practices in currency management, performance attribution, and risk management.
Russ Wermers is the Paul J. Cinquegrana ‘63 Endowed Chair in Finance and Director of the Center for Financial Policy (CFP) at the University of Maryland at College Park. His research, published in leading scholarly journals, has developed new approaches to measuring and attributing the performance of mutual funds, hedge funds, pension funds, and private equity funds, which, among other applications, can be used to identify superior active funds. Prof. Wermers consults for the asset management industry. He received his PhD from the University of California, Los Angeles in December 1995.
Bernd R. Fischer has occupied various high-profile positions, including managing director of IDS GmbH - Analysis and Reporting Services (a subsidiary of Allianz SE) one of the largest internationally operating providers of operational investment controlling services for institutional investors and asset managers; he was the global head of Risk Controlling and Compliance at Commerzbank AG and was responsible for the Operational Risk and Performance Controlling Division of Cominvest GmbH. He has also worked in Portfolio Analysis and Risk Controlling at Dresdner Bank and was a member of the Investment Council of the CFA Institute. Dr. Fischer has worked as an economic and political journalist since 2019. He has contributed to some of Germany’s most prominent publications.

Edition details

• Publisher: Academic Press
• Publication date: 2026
• Language: English
• ISBN 10: 0128183012
• ISBN 13: 9780128183014
• Binding: Paperback
• Edition number: 2
• Number of pages: 430