Performance History
Prime has delivered solid overall performance since our inception in 2009.
We've outperformed the HFRX Equity Hedge Index by 18.20% annualized for 16.08 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 | 0.12% | 1.14 | 22.65% | 21.89% | 27.23% | 4709.49% |
| Prime Long Only Unlevered 100 long | 100% | 0.67 | 0.28% | 1.32 | 14.74% | 18.96% | 22.53% | 2526.34% |
| Benchmark S&P 500, Including Dividends | 100% | 1.00 | 0.00% | 1.56 | 9.19% | 15.17% | - | 869.48% |
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 | 0.74% | 1.25 | 14.88% | 17.73% | 21.54% | 2204.05% |
| Benchmark HFRX Equity Hedge Index | 60% | 0.82 | -0.16% | 0.53 | 4.70% | 3.34% | - | 69.51% |
Statistical Significance of Prime's Performance
The odds of our outperformance being attributable to luck are:
Prime LOU’s 22.53% gross annualized return minus S&P’s 15.17% =
7.36%
Chances of outperforming the S&P by 7.36% in a single year =
33.36%
Chances of outperforming the S&P by 7.36% over 16.08 years (33.36%^16.08) =
0.000002147% or 46.6 million
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