Brown, Stephen J; Goetzmann, William N; Ibbotson, Roger G - In: The Journal of Business 72 (1999) 1, pp. 91-117
The authors 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,...
