Simulated Performance for ADAGE CAPITAL PARTNERS GP, L.L.C.
| Reporting Period | Quarterly Simulated Performance | Quarterly Hit Rate | Annual Simulated Performance | Annual Hit Rate | Annual Simulated Performance Decile | Annual Simulated Performance Hedge Funds Decile | Annual Simulated Performance Quant Decile | Annual Simulated Performance Fundamental Decile |
|---|---|---|---|---|---|---|---|---|
| March 31, 2013 | 3.25 % | 0.60 | 24.55 % | 0.86 | 8 | 5 | 10 | |
| June 30, 2013 | 6.21 % | 0.74 | 24.53 % | 0.86 | 6 | 5 | 4 | |
| Sept. 30, 2013 | 10.08 % | 0.80 | 21.15 % | 0.79 | 9 | 8 | 10 | |
| Dec. 31, 2013 | 2.56 % | 0.63 | 14.88 % | 0.73 | 9 | 8 | 10 | |
| March 31, 2014 | 4.99 % | 0.71 | 15.63 % | 0.69 | 9 | 8 | 10 | |
| June 30, 2014 | 2.76 % | 0.42 | 8.73 % | 0.62 | 8 | 7 | 10 | |
| Sept. 30, 2014 | 3.66 % | 0.72 | -4.24 % | 0.49 | 5 | 5 | 5 | |
| Dec. 31, 2014 | 3.97 % | 0.61 | -2.51 % | 0.44 | 5 | 6 | 8 | |
| March 31, 2015 | -2.11 % | 0.43 | -5.98 % | 0.41 | 4 | 6 | 5 | |
| June 30, 2015 | -9.53 % | 0.25 | -1.83 % | 0.45 | 5 | 8 | 8 | |
| Sept. 30, 2015 | 6.76 % | 0.68 | 14.17 % | 0.70 | 6 | 7 | 7 | |
| Dec. 31, 2015 | -0.82 % | 0.55 | 11.74 % | 0.73 | 4 | 6 | 3 | |
| March 31, 2016 | 3.40 % | 0.63 | 18.54 % | 0.79 | 7 | 5 | 6 | |
| June 30, 2016 | 5.06 % | 0.67 | 17.33 % | 0.76 | 5 | 4 | 3 | |
| Sept. 30, 2016 | 2.69 % | 0.56 | 17.29 % | 0.74 | 5 | 5 | 6 | |
| Dec. 31, 2016 | 6.24 % | 0.72 | 19.78 % | 0.76 | 6 | 5 | 6 | |
| March 31, 2017 | 2.90 % | 0.61 | 14.05 % | 0.68 | 7 | 5 | 6 | |
| June 30, 2017 | 5.42 % | 0.68 | 15.00 % | 0.69 | 7 | 5 | 5 | |
| Sept. 30, 2017 | 6.58 % | 0.71 | 16.20 % | 0.70 | 7 | 6 | 7 | |
| Dec. 31, 2017 | -0.78 % | 0.45 | -6.66 % | 0.35 | 6 | 7 | 9 | |
| March 31, 2018 | 3.55 % | 0.62 | 9.72 % | 0.61 | 5 | 7 | 7 | |
| June 30, 2018 | 6.72 % | 0.66 | 7.12 % | 0.56 | 5 | 7 | 9 | |
| Sept. 30, 2018 | -14.41 % | 0.12 | 0.78 % | 0.50 | 4 | 6 | 8 | |
| Dec. 31, 2018 | 14.30 % | 0.90 | 29.10 % | 0.83 | 5 | 5 | 6 | |
| March 31, 2019 | 3.72 % | 0.61 | -13.33 % | 0.24 | 5 | 7 | 8 | |
| June 30, 2019 | 0.48 % | 0.50 | 2.52 % | 0.39 | 5 | 6 | 7 | |
| Sept. 30, 2019 | 9.71 % | 0.77 | 13.03 % | 0.51 | 5 | 5 | 6 | |
| Dec. 31, 2019 | -22.10 % | 0.08 | 15.96 % | 0.60 | 5 | 4 | 4 | |
| March 31, 2020 | 22.36 % | 0.91 | 61.63 % | 0.95 | 6 | 3 | 2 | |
| June 30, 2020 | 7.98 % | 0.65 | 44.00 % | 0.90 | 6 | 4 | 4 | |
| Sept. 30, 2020 | 15.54 % | 0.87 | 32.33 % | 0.85 | 7 | 5 | 4 | |
| Dec. 31, 2020 | 7.35 % | 0.72 | 25.32 % | 0.76 | 6 | 8 | 9 | |
| March 31, 2021 | 7.54 % | 0.68 | 12.62 % | 0.59 | 6 | 9 | 10 | |
| June 30, 2021 | 0.34 % | 0.47 | -11.88 % | 0.32 | 6 | 8 | 8 | |
| Sept. 30, 2021 | 8.77 % | 0.65 | -15.01 % | 0.29 | 6 | 8 | 8 | |
| Dec. 31, 2021 | -4.00 % | 0.41 | -15.00 % | 0.36 | 7 | 7 | 5 | |
| March 31, 2022 | -14.96 % | 0.21 | -6.96 % | 0.42 | 6 | 7 | 6 | |
| June 30, 2022 | -3.65 % | 0.47 | 18.06 % | 0.66 | 6 | 7 | 8 | |
| Sept. 30, 2022 | 7.61 % | 0.77 | 19.37 % | 0.66 | 6 | 6 | 9 | |
| Dec. 31, 2022 | 6.50 % | 0.59 | 24.96 % | 0.66 | 6 | 6 | 8 | |
| March 31, 2023 | 8.58 % | 0.62 | 26.79 % | 0.71 | 7 | 6 | 9 | |
| June 30, 2023 | -2.40 % | 0.36 | 21.65 % | 0.61 | 7 | 7 | 9 | |
| Sept. 30, 2023 | 10.94 % | 0.76 | 32.02 % | 0.75 | 6 | 6 | 8 | |
| Dec. 31, 2023 | 10.83 % | 0.70 | 21.73 % | 0.58 | 6 | 7 | 8 | |
| March 31, 2024 | 2.23 % | 0.39 | 4.59 % | 0.48 | 4 | 6 | 7 | |
| June 30, 2024 | 5.68 % | 0.73 | 12.04 % | 0.58 | 5 | 5 | 3 | |
| Sept. 30, 2024 | 1.55 % | 0.44 | 14.53 % | 0.54 | 5 | 5 | 5 | |
| Dec. 31, 2024 | -4.09 % | 0.39 | 17.35 % | 0.60 | 6 | 6 | 6 | |
| March 31, 2025 | 10.08 % | 0.59 | - | - | ||||
| June 30, 2025 | 8.77 % | 0.64 | - | - | ||||
| Sept. 30, 2025 | 4.95 % | 0.54 | - | - | ||||
| Dec. 31, 2025 | - | - | - | - |