Offshore Hedge Funds: Survival and Performance, 1989-95

Stephen Brown (), William Goetzmann and Roger G Ibbotson

The Journal of Business, 1999, vol. 72, issue 1, 91-117

Abstract: The authors examine the performance of the off-shore hedge fund industry over the period 1989 through 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, and little evidence of differential manager skill. Copyright 1999 by University of Chicago Press.

Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (152)

Downloads: (external link)
http://dx.doi.org/10.1086/209603 full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jnlbus:v:72:y:1999:i:1:p:91-117

Access Statistics for this article

More articles in The Journal of Business from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().