Portfolio performance in financial management: apraize, analyze, act.

A reference for professionals and students of asset and wealth management. This book explores the essential topics of portfolio performance measurement in a realistic and rigorous way.

UNIVERSITY OF LIÈGE

 

IMAGE: 

P. FRANÇOIS & G.HUBNER, THE COMPLETE GUIDE TO PORTFOLIO PERFORMANCE: APPRAISE, ANALYZE, ACT, WILEY, APRIL 2024

view more 

CREDIT: WILEY

Co-authored by Pascal François (HEC Montreal) and Georges Hubner (University of Liège), both professors of finance, The Complete Guide to Portfolio Performance: Appraise, Analyse, Act, just published by Wiley, is a comprehensive guide to all aspects of financial portfolio performance. The book explores the essential topics of portfolio performance measurement in a realistic and rigorous way, with usable content clearly illustrated by practical examples that demonstrate the application of the concepts discussed.

Portfolio management is a complex field, requiring in-depth expertise and a clear understanding of the various performance measurement tools and methodologies. With the growth of investment and the multiplication of financial products, it has become crucial for finance professionals to have reliable and comprehensive resources to evaluate, analyze and act on the performance of their portfolios.

The book The Complete Guide to Porfolio Performance: Appraise, Analyse, Act by Pascal François and Georges Hübner has established itself as an essential reference in the field. Aimed primarily at asset and wealth managers, this book stands out for its practical approach and concrete examples, offering portfolio performance tools that can be used on a daily basis.

The book is divided into four parts, each dealing with an essential facet of portfolio performance:

1. Performance measures on the theoretical and practical foundations of classic measures such as Sharpe's ratio and Jensen's alpha, as well as modern extensions of multifactor models.
2. Other performance measures on alternatives to conventional measures, including market timing methods and measures based on investor preferences.
3. Performance analysis on detailed analysis tools, enabling performance to be assessed and attributed at different levels of granularity.
4. Performance utilization on the application of performance in decision making, communication and verification, with a focus on performance persistence and agency issues.

A targeted and universal audience

This guide is intended primarily for finance professionals, including portfolio managers, analysts, private bankers and asset management supervisors, as well as students of finance and non-professionals wishing to deepen their knowledge.  It is structured as a reference work, enabling readers to find specific solutions and easily navigate between chapters to delve deeper into particular topics. Thanks to its pedagogical structure, including Excel files and PowerPoint presentations, the book is also suitable for academic use.

A rigorous pedagogical approach

The authors, with their extensive teaching and research experience, have designed this book with exemplary pedagogical rigor. Each chapter is accompanied by realistic numerical examples, summaries and "Key Takeaways and Equations" sections. This enables readers not only to understand theoretical concepts, but also to apply them in practice.

The Complete Guide to Porfolio Performance. Appraise, Analyse, Act is an essential resource for any financial professional or investor wishing to master the tools and methods of performance evaluation. It provides a comprehensive overview and practical solutions to contemporary portfolio management challenges, and is a valuable ally in the quest for performance and efficiency in financial management.