This Second Edition of Performance Attribution and Evaluation 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.