Performance History
Prime has delivered solid overall performance since our inception in 2009.
We've outperformed the HFRX Equity Hedge Index by 16.97% annualized for 16.17 years, gross of fees.
We have a low correlation to the S&P 500: only 0.40 versus 0.82 for the HFRX.
Our track record in S&P down months has vastly exceeded benchmarks.
Prime's Long Only Portfolios have outperformed the market since our inception over 16 years ago. And, we continue to find truly undervalued investments.
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Prime Long Only Overall Return (Gross)
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Prime Long Only Avg Annual Return (Gross)
| LONG Only | Net Exposure | Corr. | Alpha | Sortino | Downside Deviation (Annualized) | Avg Annual Return (Net) | Avg Annual Return (Gross) | Overall Return (Gross) |
| Prime Long Only 150 long | 150% | 0.66 | 0.04% | 1.08 | 22.90% | 20.55% | 25.80% | 3985.67% |
| Prime Long Only Unlevered 100 long | 100% | 0.67 | 0.23% | 1.27 | 14.86% | 18.18% | 21.71% | 2296.80% |
| Benchmark S&P 500, Including Dividends | 100% | 1.00 | 0.00% | 1.54 | 9.17% | 14.99% | - | 856.83% |
Prime’s Traditional Long/Short Portfolio has significantly outperformed benchmarks, with low correlation to the market.
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Overall Return (Gross)
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Avg Annual Return (Gross)
| LONG/SHORT | Net Exposure | Corr. | Alpha | Sortino | Downside Deviation (Annualized) | Avg Annual Return (Net) | Avg Annual Return (Gross) | Overall Return (Gross) |
| Prime Traditional Long/Short 125:60 | 65% | 0.41 | 0.65% | 1.16 | 15.28% | 16.50% | 20.25% | 1870.88% |
| Benchmark HFRX Equity Hedge Index | 60% | 0.82 | -0.16% | 0.52 | 4.69% | 3.28% | - | 68.61% |
Statistical Significance of Prime's Performance
The odds of our outperformance being attributable to luck are:
Prime LOU’s 21.71% gross annualized return minus S&P’s 14.99% =
6.72%
Chances of outperforming the S&P by 6.72% in a single year =
34.46%
Chances of outperforming the S&P by 6.72% over 16.17 years (34.46%^16.17) =
0.000003311% or 30.2 million
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