Correcting for the Backfill Bias in Hedge Fund Databases, Appendix To: Do Hot Hands Exist Among Hedge Fund Managers? An Empirical Evaluation

Abstract

The backfill bias is an important feature of hedge fund databases - the case when hedge funds bring all the history with them when they join a database. We describe a backfill bias correction methodology that could be applied if the exact length of the backfill period is unknown.

The paper "Do Hot Hands Exist Among Hedge Fund Managers? An Empirical Evaluation" to which these Appendices apply is available at the following URL: http://ssrn.com/abstract=686604

Keywords: backfill correction

JEL Classification: G11, G23