--- title: "Prime Meridian Wins #1 and #2 spots in the BarclayHedge Fixed Income - High Yield Hedge Fund category for 2022" description: "Prime Meridian Wins the #1 and #2 Spots in the BarclayHedge Fixed Income - High Yield Hedge Fund Category for 2022" --- [![Prime Meridian Capital Management](https://www.pmifunds.com/hubfs/Branding/pmifunds-logo.svg)](https://www.pmifunds.com/) [![Prime Meridian Capital Management](https://www.pmifunds.com/hubfs/Branding/pmifunds-white-logo.svg)](https://www.pmifunds.com/) - About Us - [About Us](https://www.pmifunds.com/about) - [Recognition & Awards](https://www.pmifunds.com/awards-recognition) - [Team](https://www.pmifunds.com/team) - Our Strategies - [Investment Strategies](https://www.pmifunds.com/strategies) - [Special Opportunities Fund](https://www.pmifunds.com/special-opportunities-fund) - [Income Fund](https://www.pmifunds.com/income-fund) - [Non-Performing Loan Fund](https://www.pmifunds.com/npl-fund) - Insights - [Insights](https://www.pmifunds.com/insights) - [Events](https://www.pmifunds.com/events) - [Videos & Podcasts](https://www.pmifunds.com/video-podcast-resources) - [Contact Us](https://www.pmifunds.com/contact) [Contact Us](https://www.pmifunds.com/contact) # Prime Meridian Wins #1 and #2 spots in the BarclayHedge Fixed Income - High Yield Hedge Fund category for 2022 March 9, 2023 Prime Meridian Capital Management, a registered private credit fund manager that has funded over $1.7 Billion in loans and specialty credit, announced today that the Prime Meridian Special Opportunities Fund, LP and the Prime Meridian Income Fund, LP were the top two performing funds in the BarclayHedge Fixed Income - High Yield Hedge Fund category for calendar year 2022. The Prime Meridian Special Opportunities Fund, LP was the #1 performing hedge fund as ranked by compounded annualized return and was the #2 hedge fund as ranked by Sharpe Ratio for calendar year 2022. The Fund invests in the insurance, litigation and specialty credit sectors. The Prime Meridian Income Fund, LP was the #2 performing hedge fund as ranked by compounded annualized return and was the #1 hedge fund as ranked by Sharpe Ratio for calendar year 2022. The Fund invests in the consumer, small business, real estate and specialty credit sectors. “We’re pleased with the Funds’ risk adjusted performance and more importantly that we were able to protect and grow our investors capital in a stressed bear market environment,” said Don Davis, CEO. “The portfolios’ short duration and high yield characteristics position it well to take advantage of a higher interest rate environment in 2023,” said Don Davis, CEO. Prime Meridian Capital Management has consistently delivered strong risk adjusted returns to investors. The Prime Meridian Income Fund, LP and the Prime Meridian Special Opportunities Fund, LP were ranked fourth and fifth respectively for the prior 3-year compound annualized return and second and first respectively for the highest Sharpe Ratios for prior 3-year period. “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. Both funds have a low correlation to stocks and bonds, which makes them a great addition for investors seeking an alternative source of Alpha.” Prime Meridian Capital Management has deep roots in the FinTech and Alternative Credit ecosystems. The firm has 23 counterparties, and the funds are valued monthly by a 3rd party valuation agent using a Discount Cash Flow (DCF) methodology. About Prime Meridian Prime Meridian Capital Management is an SEC registered Alternative Private Credit investment management firm specializing in consumer, real estate, small business loans, and secured credit facilities, as well as insurance assets, litigation finance and royalties. Since inception the firm has funded over $1.7 billion in loans and specialty credit. [Return to Insights](https://www.pmifunds.com/insights/) ## Subscribe today to receive our latest News & Insights! Receive our latest stories delivered monthly directly to your inbox. [Subscribe](https://www.pmifunds.com/insights/prime-meridian-wins-1-and-2-spots-in-the-barclayhedge-fixed-income-high-yield-hedge-fund-category-for-2022#popup-00) ## Subscribe Now **Please fill in the required fields below.** ![Prime Meridian Capital Management](https://www.pmifunds.com/hubfs/branding/pmifunds-gray-logo.svg) 2121 N. California Blvd, Walnut Creek, CA 94596 - [About Us](https://www.pmifunds.com/about) - [Our Team](https://www.pmifunds.com/team) - [Recognition & Awards](https://www.pmifunds.com/awards-recognition) - [Investment Strategies](https://www.pmifunds.com/strategies) - [Income Strategy](https://www.pmifunds.com/income-fund) - [Special Opportunities Fund](https://www.pmifunds.com/special-opportunities-fund) - [Non-Performing Loan](https://www.pmifunds.com/npl-fund) - [Insights](https://www.pmifunds.com/blog) - [Press Releases](https://www.pmifunds.com/blog) - [Contact Us](https://www.pmifunds.com/contact) © 2026 Prime Meridian Capital Management - [Privacy Policy](https://www.pmifunds.com/hubfs/Resources/pmcm-privacy-policy.pdf) - [Japan Regulatory Disclosures](https://www.pmifunds.com/japan-regulatory-disclosures) This material is being provided for information and discussion purposes only and any discussion of any funds is qualified in its entirety by the information included in the confidential offering documents and supplements (collectively, the “Memorandum”) of Prime Meridian Income Fund, LP, Prime Meridian Special Opportunities Fund, LP, and Prime Meridian NPL, LLC (the “Funds”) described herein, and is not intended to be, nor should it be construed or used as investment, tax or legal advice or an offer to sell, or a solicitation of an offer to buy, an interest in the funds, or any other security. Any offer or solicitation of an investment in the funds may be made only by delivery of the Memorandum. Before making any investment in the funds, you should thoroughly review the Memorandum with your professional advisor(s) to determine whether an investment in a Fund is suitable for you in light of your investment objectives and financial situation. The Memorandum contains important information concerning risk factors, including a more comprehensive description of the risks and other material aspects of an investment in the funds, and should be read carefully before any decision to invest is made. The funds are only open to investors fitting the definition of an “accredited investor” as that term is defined under Rule 501 of Regulation D of The Securities Act of 1933. An investment in the funds, like all investments, contains risk including the risk of total loss, and may not be appropriate for all investors. Any performance information shown on this website is presented net of all expenses, including management fees, performance fees and other expenses including portfolio-related expenses. Returns assume the reinvestment of all capital (including distributions where applicable) on a monthly basis. The performance data represents composite fund returns, and individual investor returns may vary higher or lower from the composite return due to timing of an investment and actual fees being charged. Past performance is not indicative of future returns. Any awards or other rankings listed on this site are not indicative of future performance.  These awards or any other rankings and/or recognition by unaffiliated rating services and/or publications should not be construed as a guarantee that an investor should or will experience a certain level of results or satisfaction if they invest with Firm, nor should it be construed as a current or past endorsement by any of our investors. Firm did not pay a fee to participate in these awards or ranking surveys. In addition, any projections contained on this website (including targeted returns, opinions, estimated fees, predictions or expectations about any future event) are based on a variety of estimates and assumptions by Prime Meridian Capital Management, including, among others, estimates and assumptions regarding future operating results, the value of assets and market conditions at the time of investment and disposition, interest rates, and other realization events. Performance estimates and underlying assumptions are inherently uncertain and are subject to numerous business, industry, market, regulatory, geo-political, competitive and financial risks that are outside PMCM’s control. There can be no assurance that the assumptions made in connection with any projections will prove accurate, and actual results may differ materially, including the possibility that an investor may lose some or all of any invested capital. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Don Davis", "url" : "https://www.pmifunds.com/insights/author/don-davis" }, "dateModified" : "2024-07-19T19:01:19.745Z", "datePublished" : "2023-03-09T05:00:00.000Z", "headline" : "Prime Meridian Wins #1 and #2 spots in the BarclayHedge Fixed Income - High Yield Hedge Fund category for 2022", "mainEntityOfPage" : { "@id" : "https://www.pmifunds.com/insights/prime-meridian-wins-1-and-2-spots-in-the-barclayhedge-fixed-income-high-yield-hedge-fund-category-for-2022", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.pmifunds.com/hubfs/Branding/pmifunds-logo.svg" }, "name" : "Prime Meridian Capital Management" } } ```