Much of the basic groundbreaking work on investment portfolio performance measurement was done more than a generation ago, especially by Peter O. Dietz, called the “father of modern performance measurement.”
Although its importance was not appreciated then, the field of performance measurement has developed into a valuable specialized segment of the investment industry.
Now David Spaulding, president of The Spaulding Group Inc., and James A. Tzitzouris Jr., vice president and investment analyst in the asset allocation group of T. Rowe Price Associates Inc., have assembled for the first time pioneering articles on the subject in their new book, “Classics in Investment Performance Measurement: Literature that has Shaped the Ideas and Concepts of the Performance Measurement Industry.”
The classics, culled from leading academic and investment research journals, include 1966 and 1968 articles by the late Mr. Dietz, who was a consultant with the Frank Russell Co., and a 1965 article by Jack L. Treynor.
Some articles were written by William F. Sharpe, Eugene F. Fama and Michael C. Jensen, as well as some jointly authored pieces by Franco Modigliani and Leah Modigliani; Gary Brinson, L. Randolph Hood and Gilbert L. Beebower; and Brian D. Singer and Denis S. Karnosky.
The book is published by TSG Publishing Inc., a division of The Spaulding Group, Somerset, N.J. — Barry B. Burr
