Offshore Hedge Funds: Survival and Performance, 1989-1995

Stephen Brown (), William Goetzmann and Roger G. Ibbotson ()
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Roger G. Ibbotson: School of Management

Yale School of Management Working Papers from Yale School of Management

Abstract: We 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.

JEL-codes: G14 G15 G23 (search for similar items in EconPapers)
Date: 1998-11-16
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Related works:
Working Paper: Offshore Hedge Funds: Survival and Performance 1989-1995 (1997)
Working Paper: Offshore Hedge Funds: Survival and Performance 1989-1995 (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:somwrk:ysm104

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