Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 91-117 |
| Journal | Journal of Business |
| Volume | 72 |
| Issue number | 1 |
| Publication status | Published - Jan 1999 |
| Externally published | Yes |
Cite this
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Offshore hedge funds: Survival and performance, 1989-95. / Brown, Stephen Jeffrey; Goetzmann, William N; Ibbotson, Robert G.
In: Journal of Business, Vol. 72, No. 1, 01.1999, p. 91-117.Research output: Contribution to journal › Article › Research › peer-review
TY - JOUR
T1 - Offshore hedge funds: Survival and performance, 1989-95
AU - Brown, Stephen Jeffrey
AU - Goetzmann, William N
AU - Ibbotson, Robert G
PY - 1999/1
Y1 - 1999/1
N2 - 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.
AB - 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.
M3 - Article
VL - 72
SP - 91
EP - 117
JO - Journal of Business
JF - Journal of Business
SN - 0021-9398
IS - 1
ER -