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|Title: ||Offshore Hedge Funds: Survival & Performance 1989-1995|
|Authors: ||Brown, Stephen J.|
Goetzmann, William N.
Ibbotson, Roger G.
|Issue Date: ||3-Feb-1998 |
|Series/Report no.: ||FIN-98-011|
|Abstract: ||We examine the performance of the off-shore hedge fund industry over the
period 1989-1995 using a database that includes both defunct and
currently operating funds. The industry is characterized by high
attrition rates of funds, low covariance with the U.S. stock market,
evidence consistent with positive risk-adjusted returns over the time,
but little evidence of differential manager skill.|
|Appears in Collections:||Economics Working Papers|
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