41 Pages Posted: 7 Nov 2008
Date Written: February 1998
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.
Suggested Citation: Suggested Citation
Brown, Stephen J. and Goetzmann, William N. and Ibbotson, Roger G., Offshore Hedge Funds: Survival & Performance 1989-1995 (February 1998). NYU Working Paper No. FIN-98-011. Available at SSRN: https://ssrn.com/abstract=1296406