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.
Enterprising Investor
Beyond the Marketing Pitch: Understanding Hedge Fund Risks and Returns
By Raymond Kerzerho
Enterprising Investor
A Reality Check on Private Markets: Part III
By Ludovic Phalippou, PhD
Enterprising Investor
A Reality Check on Private Markets: Part II
By Ludovic Phalippou, PhD
Financial Analyst Journal
Nonlinear Factor Returns in the US Equity Market
By Roger G. Clarke, Harindra de Silva, CFA, and Steven Thorley, CFA
Financial Analyst Journal
Private Equity Performance around the World
By Sara Ain Tommar, Serge Darolles, and Emmanuel Jurczenko
Research Foundation
Performance Attribution: History and Progress
By Carl R. Bacon, CIPM
Marketing Integrity Insights
How Do Firms Treat Errors in Investment Performance?
By Krista Harvey, CFA, CIPM
Articles & Whitepapers