… Ibbotson finds that the distribution of initial returns is highly skewed, with a positive mean
and a median near zero. He also examines the performance of IPOs during their first five years …

… In another study examining new issue performance during the decade of the 1960s, Ibbotson
13 selected one new issue randomly each month and measured the performance during …

… RG Ibbotson, Price performance of common stock new … RG ibbotson. Price performance
of common stock new issues … RG Ibbotson, Price performunce of common stock new issues …

Recent evidence suggests that past mutual fund performance predicts future performance.
We analyze the relationship between volatility and returns in a sample that is truncated by …

The pricing of inital public offerings (IPOs) is difficult, both because there is no observable
market price prior to the offering and because many of the issuing firms have little or no …

We examine the performance of the offshore hedge fund industry over the period 1989
through 1995 using a database that includes defunct as well as currently operating funds. The …

Examines the link between past mutual fund performance of money managers and future
performance. Focus on stock market open-ended mutual funds; Previous studies; Monthly total …

… He was vice president and chief economist at Ibbotson Associates when this article was …
We thank Dale Stevens for providing the pension fund data and Mark Wimer of Ibbotson …

… Of the numerous studies reviewed, the work of Ibbotson and Fall [10], upon which our
results are based, covers the longest time period, and is in that regard advantageous for …

… where Rg is the long-term government bond total return during month t P,,t is the average
between the bid and ask flat price (includes accrue interest) of the bond at the end of month t; …