This course examines the application of portfolio management principles to the building of appropriate portfolios. We examine the investment policy statement as a blueprint for investing a client’s assets. We study performance evaluation as a feedback step in the investment management process and examine the role it plays in assessing manager skills, confirming manager compliance with investment policy. Performance evaluation and attribution provide an essential measurement service to investment managers themselves. Competent portfolio managers should be proficient in the use of current concepts and methodologies for calculating, benchmarking, and interpreting investment returns.