Performance History
Prime has delivered solid overall performance since our inception in 2009.
We've outperformed the HFRX Equity Hedge Index by 16.05% annualized for 16.25 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% | 0.67 | 0.02% | 1.04 | 23.02% | 19.55% | 24.73% | 3525.21% |
| Prime Long Only Unlevered 100 long | 100% | 0.68 | 0.20% | 1.21 | 15.04% | 17.30% | 20.79% | 2052.57% |
| Benchmark S&P 500, Including Dividends | 100% | 1.00 | 0.00% | 1.48 | 9.26% | 14.50% | - | 802.92% |
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% | 0.42 | 0.59% | 1.09 | 15.51% | 15.53% | 19.23% | 1643.44% |
| Benchmark HFRX Equity Hedge Index | 60% | 0.82 | -0.16% | 0.50 | 4.69% | 3.18% | - | 66.37% |
Statistical Significance of Prime's Performance
The odds of our outperformance being attributable to luck are:
Prime LOU’s 20.79% gross annualized return minus S&P’s 14.50% =
6.29%
Chances of outperforming the S&P by 6.29% in a single year =
35.57%
Chances of outperforming the S&P by 6.29% over 16.25 years (35.57%^16.25) =
0.000005071% or 19.7 million
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