Performance History
Prime has delivered solid overall performance since our inception in 2009.
We've outperformed the HFRX Equity Hedge Index by 17.83% annualized for 16 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 | 0.10% | 1.12 | 22.73% | 21.34% | 26.66% | 4288.14% |
| Prime Long Only Unlevered 100 long | 100% | 0.67 | 0.27% | 1.30 | 14.80% | 18.69% | 22.25% | 2387.65% |
| Benchmark S&P 500, Including Dividends | 100% | 1.00 | 0.00% | 1.54 | 9.21% | 15.06% | - | 843.21% |
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 | 0.72% | 1.23 | 14.93% | 17.34% | 21.05% | 2026.42% |
| Benchmark HFRX Equity Hedge Index | 60% | 0.82 | -0.17% | 0.51 | 4.71% | 3.22% | - | 66.01% |
Statistical Significance of Prime's Performance
The odds of our outperformance being attributable to luck are:
Prime LOU’s 22.25% gross annualized return minus S&P’s 15.06% =
7.19%
Chances of outperforming the S&P by 7.19% in a single year =
33.72%
Chances of outperforming the S&P by 7.19% over 16 years (33.72%^16) =
0.000002794%
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