Offshore Hedge Funds: Survival & Performance 1989-1995

Stephen Brown (), William Goetzmann and Roger Ibbotson

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 1989-1995 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.

Date: 2008-11-07, Revised 2008-12-16
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Related works:
Working Paper: Offshore Hedge Funds: Survival & Performance 1989-1995 (2008)
Working Paper: Offshore Hedge Funds: Survival & Performance 1989-1995 (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:somwrk:ysm34

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