Determinants of Portfolio Performance

Gary P. Brinson; L. Hood; G. L. Beebower

DOI:10.2469/faj.v51.n1.1869

Corpus ID: 154457857

Determinants of Portfolio Performance

@article{Brinson1986DeterminantsOP,
  title={Determinants of Portfolio Performance},
  author={Gary P. Brinson and L. Hood and G. L. Beebower},
  journal={Financial Analysts Journal},
  year={1986},
  volume={42},
  pages={133-138}
}

Gary P. Brinson, L. Hood, G. L. Beebower

Published 1986

Economics

Financial Analysts Journal

In order to delineate investment responsibility and measure performance contribution, pension plan sponsors and investment managers need a clear and relevant method of attributing returns to those activities that compose the investment management process—investment policy, market timing, and security selection. The authors provide a simple framework based on a passive, benchmark portfolio representing the plan's long-term asset classes, weighted by their long-term allocations. Returns on this… CONTINUE READING

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