Performance History
Prime has delivered solid overall performance since our inception in 2009.
We’ve outperformed the HFRX Equity Hedge Index by 17.87% annualized for 15.83 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 15 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 | 0.13% | 1.13 | 22.67% | 21.50% | 26.89% | 4238.77% |
| Prime Long Only Unlevered 100 long | 100% | 0.67 | 0.29% | 1.31 | 14.77% | 18.79% | 22.39% | 2349.69% |
| Benchmark S&P 500, Including Dividends | 100% | 1.00 | 0.00% | 1.53 | 9.24% | 14.99% | 14.99% | 812.67% |
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% | 0.40 | 0.74% | 1.23 | 14.94% | 17.30% | 21.06% | 1961.08% |
| Benchmark HFRX Equity Hedge Index | 60% | 0.82 | -0.17% | 0.49 | 4.74% | 3.19% | - | 64.42% |
Statistical Significance of Prime's Performance
The odds of our outperformance being attributable to luck are:
Prime LOU’s 22.39% gross annualized return minus S&P’s 14.99% =
7.40%
Chances of outperforming the S&P by 7.40% in a single year =
33.36%
Chances of outperforming the S&P by 7.40% over 15.83 years (33.36%^15.83) =
0.000002825%
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