Brinson Model

RESEARCH INSIGHTS

Fundamentals of Performance Attribution:

The Brinson Model

Damien Laker

Director of Performance Attribution Strategy

Damien Laker is Director of Performance Attribution Strategy at Barra. Damien joined Barra in

December 2002 when Barra acquired Investment Performance Objects (IPO), a company that

Damien founded in 1998. IPO provided cutting edge investment performance analytics software

for global asset managers. At the time of the acquisition, IPO had five clients in Australia, and

one client in the UK.

Damien has been involved full-time in developing and delivering innovative solutions for performance measurement, attribution and reporting for about ten years.

Over the past year, Damien has done consulting and workshops in Sydney, London, Singapore,

Hong Kong, Malaysia and the USA. He has also published half a dozen journal articles on various

aspects of performance attribution. He has practical experience doing attribution and other

performance analysis on hundreds of portfolios valued at many hundreds of billions of dollars.

Damien has a B.Sc. and a B.A. from the University of New South Wales, Australia.

Article 1 of 5 originally written for the PRA Newsletter, 2002.

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