Performance Measurement and Attribution
Browse more Performance Measurement & Attribution content
Performance measurement and attribution aim to measure portfolio performance and identify the sources of that performance. Understanding the drivers of risk and return in a portfolio is a critical part of the investment management process as well as an informative tool for evaluating whether a manager’s performance is due to luck, style drift, or skill. On this page, we provide an array of performance measurement and attribution topics and additional resources for deepening your expertise.
CFA Institute Exposure Draft Guide for Best Practices in Return Attribution Reporting
Public Comment Period: 14 October 2025 – 12 December 2025
Private Equity Performance around the World
By Sara Ain Tommar, Serge Darolles, and Emmanuel Jurczenko
GIPS® Standards Asset Owner Performance Survey Report
By CFA Institute
Beyond the Marketing Pitch: Understanding Hedge Fund Risks and Returns
By Raymond Kerzerho
A Reality Check on Private Markets: Part III
By Ludovic Phalippou, PhD
Nonlinear Factor Returns in the US Equity Market
By Roger G. Clarke, Harindra de Silva, CFA, and Steven Thorley, CFA
Performance Attribution: History and Progress
By Carl R. Bacon, CIPM
