Montréal, June 4, 2024 – HEC Montréal is proud to announce the publication of The Complete Guide to Portfolio Performance: Appraise, Analyse, Act by Wiley. Co-authored by Pascal François, Professor in the Finance Department at HEC Montréal, and Georges Hübner, Professor of Finance at the Université de Liège, this book is the first comprehensive and practical overview of portfolio management performance. Structured in 4 parts and 18 chapters, this practical and accessible tool offers a clear and effective methodology for evaluating and optimizing portfolio performance. 

A reference book recommended by a world authority

This book analyzes over a hundred classic and modern performance measures, offering strategies for selecting the appropriate performance measures for asset managers or investors. It also details analytical techniques such as statistical approaches, performance attribution and fund ratings, enabling comprehensive use of performance-related information. It incorporates practical examples, detailed equations and additional resources for in-depth understanding.

The book also benefits from the outstanding endorsement of William F. Sharpe, winner of the 1990 Nobel Prize in Economic Sciences, renowned for his Capital Asset Pricing Model (CAPM) and the famous performance measure that bears his name. 

Highlights of the book

• Analysis of over one hundred performance measures: The book covers classic and modern performance measures, organized in a logical way for immediate application.
• Strategies for selecting performance measures: It offers strategies for choosing the most appropriate measures according to the specific needs of managers and investors.
• Advanced analytical techniques: Statistical techniques, performance attribution and fund scoring are explained in detail to maximize the use of performance data.
• Practical applications: Performance criteria are applied in investment decision-making processes, facilitating practical implementation of the concepts.
• Comprehensive teaching resources: The book includes PowerPoint teaching slides and Excel worksheets with all data and formulas.

Find out more about The Complete Guide to Portfolio Performance: Appraise, Analyse, Act

About HEC Montreal

An internationally renowned French-language university, HEC Montréal is open to the world and firmly rooted in the Quebec community. Since 1907, it has been training leaders in all areas of management, who contribute responsibly to the success of organizations and the sustainable transition of society. Its community includes nearly 14,000 students from 146 countries, over 300 faculty members and more than 110,000 graduates, who make their mark here and around the world. The School offers nearly 150 programs at all undergraduate and graduate levels, and welcomes more than 9,000 managers and executives every year.

About the authors

Pascal François is Professor of Finance at HEC Montréal. He is the founding director of the Canadian Derivatives Institute and former co-editor of Finance, the academic journal of the French Finance Association. He holds a PhD from Sorbonne University and ESSEC.

Georges Hübner is Professor of Finance at HEC Liège (Liège University, Belgium). Georges serves as a non-executive director of Belfius Bank and Belfius Asset Management, as well as an expert member of the investment committee of the CERN pension fund (Geneva). He is also the founder of two fintech companies, Gambit Financial Solutions and Sopiad. He holds a PhD from INSEAD.

Information HEC Montréal

Andréanne Gagnon
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