This article aims at testing empirically the performance persistence of funds of funds hedge funds. Funds of hedge … ratio are an indication of a skillful manager that adds value in terms of better performance persistence of the funds. In … contrast, low values of the Treynor, Sharpe and information ratio are an indication of a manager that shows low performance and …

In this article, we are testing the performance of offshore hedge funds for the period 1998 to 2003. Offshore hedge … performance. The compensation structure includes the management, incentive fees and high water mark provision. Brown et al (1997 …) attribute offshore hedge fund performance to be affected by the style rather than manager skill. Our results suggest that for …