Performance History
Prime has delivered solid overall performance since our inception in 2009.
We've outperformed the HFRX Equity Hedge Index by 18.35% annualized for 15.92 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.
0%
Prime Long Only Overall Return (Gross)
0%
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 | 0.14% | 1.16 | 22.62% | 22.37% | 27.76% | 4838.82% |
| Prime Long Only Unlevered 100 long | 100% | 0.67 | 0.30% | 1.35 | 14.73% | 19.34% | 22.94% | 2576.04% |
| Benchmark S&P 500, Including Dividends | 100% | 1.00 | 0.00% | 1.57 | 9.21% | 15.32% | - | 866.25% |
Prime’s Traditional Long/Short Portfolio has significantly outperformed benchmarks, with low correlation to the market.
0%
Overall Return (Gross)
0%
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 | 0.75% | 1.26 | 14.90% | 17.86% | 21.61% | 2152.56% |
| Benchmark HFRX Equity Hedge Index | 60% | 0.82 | -0.17% | 0.51 | 4.72% | 3.26% | - | 66.61% |
Statistical Significance of Prime's Performance
The odds of our outperformance being attributable to luck are:
Prime LOU’s 22.94% gross annualized return minus S&P’s 15.32% =
7.62%
Chances of outperforming the S&P by 7.62% in a single year =
32.64%
Chances of outperforming the S&P by 7.62% over 15.92 years (32.64%^15.92) =
0.000001822%
or
0 to 1