PT  - JOURNAL ARTICLE
AU  - Richard B Spurgin
TI  - A Study of Survival
AID  - 10.3905/jai.1999.318902
DP  - 1999 Dec 31
TA  - The Journal of Alternative Investments
PG  - 16--22
VI  - 2
IP  - 3
4099  - https://pm-research.com/content/2/3/16.short
4100  - https://pm-research.com/content/2/3/16.full
AB  - Since dissolving funds generally underperform surviving funds, the impact of survival bias on managed futures performance is of continued interest in the managed funds area. One aspect of interest is identifying whether there is a difference in the pre–dissolution performance of survivors and nonsurvivors. Results suggest a strategy of actively pruning underperforming managers may improve portfolio returns by eliminating managers who are at risk for dissolution.