38 Pages Posted: 27 Feb 1997
Date Written: Undated
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: 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
By Andrew Lo
By Meb Faber