Offshore hedge funds: Survival and performance, 1989-95

被引：244

作者：

Brown, SJ ^{[1
]}

Goetzmann, WN

Ibbotson, RG

机构：

[1] NYU, New York, NY 10012 USA

[2] Yale Univ, New Haven, CT 06520 USA

来源：

JOURNAL OF BUSINESS | 1999年 / 72卷 / 01期

关键词：

D O I：

10.1086/209603

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：91 / 117

页数：27

共 25 条

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