| Year | Market
Neutral
Total Return | Long
Backtest
Total Return | Short
Backtest
Total Return | 3-Month
T-Bill |
| 1996 | 25.06% | 35.10% | -10.04% | 5.27% |
| 1997 | 45.01% | 48.37% | -3.36% | 5.33% |
| 1998 | 39.18% | 25.37% | 13.81% | 5.02% |
| 1999 | 84.55% | 103.39% | -18.84% | 4.88% |
| 2000 | 51.69% | 37.85% | 13.83% | 6.16% |
| 2001 | -2.26% | 8.56% | -10.82% | 3.52% |
| 2002 | 65.73% | 7.86% | 57.87% | 1.65% |
| 2003 | 17.42% | 53.13% | -35.71% | 1.03% |
| 2004 | 17.48% | 27.36% | -9.88% | 1.40% |
| 2005 | 45.66% | 50.61% | -4.94% | 3.26% |
| 2006 | 7.06% | 20.70% | -13.64% | 4.96% |
| 2007 | 50.45% | 26.52% | 23.92% | 4.56% |
| 2008 | 66.00% | -29.77% | 95.77% | 1.40% |
| 2009 | -0.72% | 39.98% | -40.71% | 0.15% |
| 2010 | -6.04% | 16.93% | -22.96% | 0.14% |
| 2011 | 11.18% | -1.13% | 12.32% | 0.05% |
| Compounded Average Annual Return | 29.66% | 26.33% | -1.68% | 3.03% |
| Cummulative Annual Return | 32.34% | 29.43% | 2.91% | 3.05% |
| Standard Deviation | 27.58% | 29.05% | 34.49% | 2.17% |
| Information Ratio | 1.08 | N/A | N/A | N/A |
| T-Stat for the Mean Return | 4.39 | 3.79 | 0.32 | 5.26 |
| Probability Total (Excess) Ret < 0 | 37.93% | 34.43% | N/A | 42.00% |