Prime Meridian Wins Hedgeweek Award for Best Credit Multi-Strat Hedge Fund
Prime Meridian Capital Management - a technology empowered Alternative Credit Manager based in the San Francisco Bay Area - is pleased to announce that the Prime Meridian Income Fund won the Hedgeweek US Awards 2022 for Best Credit Hedge Multi-Strategy Hedge Fund on October 27, 2022.
The Fund was nominated by Bloomberg, LP as a finalist along with funds managed by PIMCO and Wasserstein & Co. Bloomberg based its nominations on performance, and then investors, fund managers and service providers voted for the best overall fund. The ten-year track record of delivering strong and consistent results, along with its recent performance, helped Prime Meridian win this coveted industry award.
“The portfolios’ short duration and high yield characteristics positioned it well to take advantage of a rising interest rate environment in 2022,” said Don Davis, CEO. “We’re very pleased with the Fund’s performance and more importantly that we were able to protect and grow our investors capital in such a difficult market environment.”
Prime Meridian Capital Management has deep roots in the FinTech and Alternative Credit ecosystems. The firm partners with Founders and CEOs of FinTech lending platforms, crafting win-win partnerships that allow their platforms to scale. Verticals include consumer, real estate, small business loans, and secured credit facilities, as well as insurance-linked assets, litigation finance and music royalties. Since inception the firm has funded over $1.7 billion across 100,000 loans.
“We emphasize risk management and contractual cashflows,” said Sean Bill, CIO. “Our mission is to build a robust Alpha Engine that investors can use to buttress a traditional balanced portfolio. The Prime Meridian Income Fund, specifically, has a low correlation to both stocks and bonds, which makes it a great addition for investors seeking an alternative source of Alpha.”
The Prime Meridian Real Estate Lending Fund was also nominated by Bloomberg, LP for the Hedgeweek US Awards 2022 in the category of Best Direct Lending Hedge Fund; the Fund was the runner-up in this category.
“We would like to thank our team, and our investors, who made this award possible,” said Mr. Davis. “As the future interest rate environment and uncertain economic conditions will no doubt present its fair share of challenges, Prime Meridian will stay the course continuing to focus on providing superior risk adjusted returns for its investors.”
About Prime Meridian
Prime Meridian Capital Management is an SEC registered Alternative Credit investment management firm specializing in consumer, real estate, small business loans, and secured credit facilities, as well as insurance-linked assets, litigation finance and music royalties. Since inception the firm has funded over $1.7 billion across 100,000 loans.