Practical Risk-Adjusted Performance Measurement

Explore different measures ofex-postrisk-adjusted performance measurementand learn to choose the correct one In the newly revised Second Edition ofPractical Risk-Adjusted Performance Measurement ,accomplished riskand investment expert Carl R. Bacon deliversan insightful, accessible, and real-world guide to ex-post risk measurement. The author bridges the gap between theory and practice, showing you how to apply the former to the latter without introducing unnecessary mathematical complexity. The book describes the fundamentals of risk in the asset management context and the descriptive statistics used to describe it.It builds on that foundation with detailed examinations ofconcepts like regression, drawdown, and partial moments, before moving on to topics like fixed income riskand Prospect Theory. Withhelpfuladditionsthat includerecently developed measuresof risk,supplementaryexplanatory sections, and sixbrand-new chapters,this book also offers: A practical classification of all ex-post risk measuresand how

they connect to one another An explanation of howrisk-adjusted performance measuresimpact performancefees A discussion of risk measure dashboard designs Instructions on how appraisal measures should be used for manager selection Perfect for portfolio managers,asset owners, risk controllers, and investment performance analysts,Practical Risk-Adjusted Performance Measurement is an indispensable resource for anyone looking for a hands-onexploration of the buy-side, asset management perspective. [Publisher's Text]

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