Offshore Hedge Funds: Survival and Performance, 1989-1995
Posted: 16 Nov 1998
There are 3 versions of this paper
Offshore Hedge Funds: Survival and Performance 1989-1995
NBER Working Paper No. w5909
Number of pages: 34
Posted: 20 Jul 2000
Last Revised: 26 Aug 2022
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201
Offshore Hedge Funds: Survival and Performance 1989-1995
NYU Working Paper No. FIN-96-018
Number of pages: 23
Posted: 07 Nov 2008
Downloads
122
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 Classification: G14, G15, G23
Suggested Citation: Suggested Citation
Brown, Stephen J. and Goetzmann, William N. and Ibbotson, Roger G., Offshore Hedge Funds: Survival and Performance, 1989-1995. Journal of Business, Vol. 72, Issue 1, January 1999, Available at SSRN: https://ssrn.com/abstract=138590
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