Performance Analysis

<body topmargin="0" leftmargin="0" stylesrc="../_private/template_title.htm" bgcolor="#FFFFFF" link="#333366" vlink="#000000" alink="#000000"> <table border="0" cellspacing="0" width="100%" cellpadding="10" style="border-collapse: collapse" bordercolor="#111111" id="table142"> <tr> <td width="100%" bgcolor="#FFFFCC"> <p class="header_black"><span style="font-size: 16pt">Portfolio Management: </span> <span class="header_gold"> <span style="font-size: 16pt">Performance Analysis</span></span></td> </tr> </table> <div align="left"> <table border="0" cellspacing="4" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="0" id="table143"> <tr> <td width="740" bgcolor="#FFFFFF"> <div align="center"> <div align="center"> <div align="center"> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table144"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table145"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap1056"> <area target="_top" coords="0, 0, 135, 199" shape="rect" href="http://www.amazon.com/exec/obidos/ASIN/1904339778/ref=nosim/contingencyanaly"> </map> <img border="0" src="../images/book_broby_daniel_(2007).gif" width="136" height="200" usemap="#FPMap1056"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table146"> <tr> <td width="100%"> <p class="book_title"><font size="2">Guide to</font><br> Equity Index Construction</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table147"> <tr> <td width="100%" colspan="4"> <p class="book_details">Daniel Broby</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap1053"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" width="90" height="16" usemap="#FPMap1053"></td> <td width="25" class="book_details_tags"> <img border="0" src="../images/tech_2.gif" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2007</td> <td width="100%" class="book_details_tags"> <p align="right"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/1904339778/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=1904339778"> <input type="hidden" name="asin.1904339778" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">Daniel Broby describes the construction of equity indexes, primarily for use as benchmarks in active management. He covers history, weighting schemes, industry classification systems, data issues, investability and more. Mathematics is skirted, but practical topics such a data vendors or industry conventions are covered in depth. The writing can be vague, but the book meets an important need ... <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/1904339778/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_buy_now_text.gif align=absbottom alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=1904339778"> <input type="hidden" name="asin.1904339778" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_buy_now_text.gif"> </form></noscript> </td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table148"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap3"> <area href="../titles/bacon_carl_(2004).htm" shape="rect" coords="0, 0, 138, 199"> </map> <img border="0" src="../images/book_bacon_carl_(2004).gif" usemap="#FPMap3" width="139" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table149"> <tr> <td width="100%"> <p class="book_title">Practical Portfolio Performance Measurement and Attribution</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table150"> <tr> <td width="100%" colspan="4"> <p class="book_details">Carl Bacon</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap1057"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_6.gif" usemap="#FPMap1057" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap2"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" usemap="#FPMap2" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap350"> <area target="_self" href="../titles/bacon_carl_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap350" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">This is a wonderful book for anyone who works with portfolio management—and especially those who compile or analyze performance results. It is a treasure trove of all the important formulas for calculating portfolio returns, benchmark returns, portfolio risk or performance attribution. Appendices provide the actual text for various standards</strong> ... <a href="../titles/bacon_carl_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table151"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap54"> <area href="../titles/travers_frank_(2004).htm" shape="rect" coords="0, 0, 131, 199"> </map> <img border="0" src="../images/book_travers_frank_(2004).gif" usemap="#FPMap54" width="132" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table152"> <tr> <td width="100%"> <p class="book_title">Investment Manager Analysis</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table153"> <tr> <td width="100%" colspan="4"> <p class="book_details">Frank J. Travers</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap53"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap53" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap52"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" usemap="#FPMap52" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap349"> <area target="_self" href="../titles/travers_frank_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap349" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">There are many books available on investment management, but few take more than a passing look at the search process with which institutional investors hire investment managers. With this book, Travers addresses this need</strong> ... <a href="../titles/travers_frank_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table154"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap354"> <area href="../titles/ryan_timothy_(2006).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_ryan_timothy_(2006).gif" width="133" height="200" usemap="#FPMap354"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table155"> <tr> <td width="100%"> <p class="book_title">Portfolio Analysis<br> <font size="3">Advanced Topics in Performance Measurement, Risk and Attribution</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table156"> <tr> <td width="100%" colspan="4"> <p class="book_details">Timothy P. Ryan (Ed.)</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap355"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_3.gif" width="90" height="16" usemap="#FPMap355"></td> <td width="25" class="book_details_tags"> <map name="FPMap356"> <area href="../main/ratings.htm" shape="rect" coords="0, 1, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" width="90" height="16" usemap="#FPMap356"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap357"> <area target="_self" href="../titles/ryan_timothy_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap357" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">This edited collection is a somewhat random assortment of papers relating to portfolio management. The title suggests they are about performance measurement, risk and attribution. I guess a few are about those topics, but most chart their own course</strong> ... <a href="../titles/ryan_timothy_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table157"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap4"> <area href="../titles/colin_andrew_(2005).htm" shape="rect" coords="0, 0, 135, 199"> </map> <img border="0" src="../images/book_colin_andrew_(2005).gif" usemap="#FPMap4" width="136" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table158"> <tr> <td width="100%"> <p class="book_title">Fixed Income Attribution</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table159"> <tr> <td width="100%" colspan="4"> <p class="book_details">Andrew Colin</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap351"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_3.gif" usemap="#FPMap351" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap352"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap352" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap353"> <area target="_self" href="../titles/colin_andrew_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap353" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Author Colin has recently launched his own software firm that provides fixed income performance analytics for portfolio managers. One would hope he has mastery of the subject, but that isn't communicated in this book. I think the book has several shortcomings</strong> ... <a href="../titles/colin_andrew_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table160"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> </div> </div> </div> </div> </td> <td bgcolor="#FFFFFF">  </td> </tr> </table> </div> <div align="center"> <center> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table161"> <tr> <td width="50%" bgcolor="#FFFFCC" align="left" valign="top"> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td><td width="50%" bgcolor="#CCCCFF" align="left" valign="top"> <p class="body" style="margin:7; "><b> <font color="#333366" size="3">For related books, also see sections:</font></b></p> <p class="alternatives_text" style="margin:7; "> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/portfolio_management_general.htm">Portfolio Management - General</a></p> <p class="alternatives_text" style="margin: 7"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/portfolio_management_asset_allocation.htm">Portfolio Management - Asset Allocation</a></p> <p class="alternatives_text" style="margin: 7"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/portfolio_management_equity.htm">Portfolio Management - Equities</a></p> <p class="alternatives_text" style="margin: 7"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/portfolio_management_fixed_income.htm">Portfolio Management - Fixed Income</a></p> <p class="alternatives_text" style="margin: 7"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/portfolio_management_mutual_funds.htm">Portfolio Management - Mutual Funds</a></p> <p class="alternatives_text" style="margin: 7"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/portfolio_management_international.htm">Portfolio Management - International</a></p> <p class="alternatives_text" style="margin: 7"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/finance_general.htm">Finance - General</a></p> <p class="bullet_line_space" style="margin:4 7; 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