Moerth, Patrick (contributor) - 2007
funds have been published
since the late nineties. Ackermann, McEnally and Ravenscraft (1999) and Liang
(2000, 2001) give … an overview of hedge fund returns and focus on the various
biases inherent in hedge fund databases. Liang (2000 …) estimates an annual
survivorship bias2 of 2.24% and 2.43% in two different studies. Fung and Hsieh
(2000) find an annual bias …