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|Title: ||Offshore Hedge Funds: Survival and Performance 1989-1995|
|Authors: ||Stephen J., Brown|
Goetzmann, William N.
Ibbotson, Roger G.
|Issue Date: ||1996 |
|Series/Report no.: ||FIN-96-018|
|Abstract: ||We examine the performance of the offshore hedge fund industry over the
period 1989 through 1995 using a database that includes defunct as well
as currently operating funds. The industry is characterized by high
attrition rates of funds and little evidence of differential manager
skill. We develop endogenous style categories for relative fund
performance measures and find that repeat-winner and repeat-loser
patterns in the data are largely due to style effects in that data.|
|Appears in Collections:||Finance Working Papers|
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