Portfolio Performance Measurement and Benchmarking

In order to make sound investment choices,investors must know the projected return oninvestment in relation to the risk of not beingpaid. Benchmarks are excellent evaluators,but the failure to choose the right investingperformance benchmark often leads to baddecisions or inaction, which inevitably resultsin lost profits.

The first book of its kind, Portfolio PerformanceMeasurement and Benchmarking is a completeguide to benchmarks and performace evaluationusing benchmarks. In one inclusivevolume, readers get foundational coverage onbenchmark construction, as well as expert insightinto specific benchmarks for asset classesand investment styles.

Starting with the basics―such as return calculationsand methods of dealing with cashflows―this thorough book covers a widevariety of performance measurement methodologiesand evaluation techniques beforemoving into more technical material that deconstructsboth the creation of indexes andthe components of a desirable benchmark.

Portfolio Performance Measurement and Benchmarkingprovides detailed coverage of benchmarksfor:

• U.S. equities
• Global and international equities
• Fixed income
• Real estate

The team of renowned authors offers illuminatingopinions on the philosophy and developmentof equity indexes, while highlightingnumerous mechanical problems inherent inbuilding benchmarks and the implications ofeach one.

Before you make your next investment, becertain your return will be worth the riskwith Portfolio Performance Measurement andBenchmarking.

Wayne E. Ferson, Ph.D., holds theIvadelle and Theodore JohnsonChair in Banking and Financeat the USC Marshall School ofBusiness and is the former JohnL. Collins Chair in Finance atthe Carroll School of Management at BostonCollege. He is widely known in academic circles,has been published in the best academicjournals, and has served on several prestigiouseditorial boards.

David R. Cariño, Ph.D., is a researchfellow for Russell Investments.He was the architect ofthe Russell-Yasuda Kasai model,which received a Franz EdelmanAward by The Institute forOperations Research and the ManagementSciences. Cariño serves on the advisory boardof The Journal of Performance Measurement.


Jon A. Christopherson, Ph.D., isa research fellow for Russell Investments,where he has a solidrecord of intellectual innovation.He has been a member of theeditorial advisory boards of TheJournal of Portfolio Management and The Journal ofInvestment Consulting.
David R. Cariño, Ph.D., is a researchfellow for Russell Investments.He was the architect ofthe Russell-Yasuda Kasai model,which received a Franz EdelmanAward by The Institute forOperations Research and the ManagementSciences. Cariño serves on the advisory boardof The Journal of Performance Measurement.
Wayne E. Ferson, Ph.D., holds theIvadelle and Theodore JohnsonChair in Banking and Financeat the USC Marshall School ofBusiness and is the former JohnL. Collins Chair in Finance atthe Carroll School of Management at BostonCollege. He is widely known in academic circles,has been published in the best academicjournals, and has served on several prestigiouseditorial boards.