Performance History
Prime has delivered solid overall performance since our inception in 2009.
We’ve outperformed the HFRX Equity Hedge Index by 17.37% annualized for 15.75 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 | 0.08% | 1.11 | 22.73% | 21.14% | 26.54% | 3973.20% |
Prime Long Only Unlevered 100 long | 100% | 0.67 | 0.26% | 1.30 | 14.80% | 18.58% | 22.19% | 2249.60% |
Benchmark S&P 500, Including Dividends | 100% | 1.00 | 0.00% | 1.54 | 9.26% | 15.14% | 15.14% | 821.02% |
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 | 0.69% | 1.20 | 14.98% | 16.86% | 20.62% | 1815.68% |
Benchmark HFRX Equity Hedge Index | 60% | 0.82 | -0.17% | 0.49 | 4.75% | 3.25% | - | 65.48% |
Statistical Significance of Prime's Performance
The odds of our outperformance being attributable to luck are:
Prime LOU’s 22.02% gross annualized return minus S&P’s 14.42% =
7.60%
Chances of outperforming the S&P by 7.60% in a single year =
7.60%
Chances of outperforming the S&P by 7.60% over 15 years (32.64%^15) =
0.000005085%
or
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