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Offshore Hedge Funds: Survival & Performance 1989-1995

Yale School of Management Working Paper No. F-52B

38 Pages Posted: 27 Feb 1997

See all articles by William N. Goetzmann

William N. Goetzmann

Yale School of Management - International Center for Finance; National Bureau of Economic Research (NBER)

Roger G. Ibbotson

Yale School of Management; Zebra Capital Management, LLC

Stephen J. Brown

New York University - Stern School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: Undated

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, but little evidence of differential manager skil.

JEL Classification: F14, G14

Suggested Citation

Goetzmann, William N. and Ibbotson, Roger G. and Brown, Stephen J., Offshore Hedge Funds: Survival & Performance 1989-1995 (Undated). Yale School of Management Working Paper No. F-52B, Available at SSRN: https://ssrn.com/abstract=2307 or http://dx.doi.org/10.2139/ssrn.2307

William N. Goetzmann (Contact Author)

Yale School of Management - International Center for Finance ( email )

165 Whitney Ave.
P.O. Box 208200
New Haven, CT 06520-8200
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203-432-5950 (Phone)
203-436-9252 (Fax)

HOME PAGE: http://viking.som.yale.edu

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Roger G. Ibbotson

Yale School of Management ( email )

165 Whitney Avenue
P.O. Box 208200
New Haven, CT 06520-8200
United States
203-432-6021 (Phone)
203-432-6970 (Fax)

Zebra Capital Management, LLC ( email )

2187 Atlantic Street
Stamford, CT 06902
United States
203 701 5900 (Phone)

Stephen J. Brown

New York University - Stern School of Business ( email )

Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States
212-998-0306 (Phone)
212-995-4233 (Fax)

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