Simulated Performance for Cormorant Asset Management, LP
| 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 |
|---|---|---|---|---|---|---|---|---|
| Dec. 31, 2013 | 5.20 % | 0.69 | 58.36 % | 0.78 | 10 | 10 | 10 | |
| March 31, 2014 | 6.12 % | 0.42 | 61.91 % | 0.67 | 10 | 10 | 10 | |
| June 30, 2014 | 2.15 % | 0.38 | 62.71 % | 0.69 | 10 | 10 | 10 | |
| Sept. 30, 2014 | 23.39 % | 0.84 | 28.61 % | 0.56 | 10 | 10 | 10 | |
| Dec. 31, 2014 | 14.77 % | 0.61 | 23.40 % | 0.49 | 10 | 10 | 10 | |
| March 31, 2015 | 16.43 % | 0.57 | -24.17 % | 0.23 | 1 | 2 | 2 | |
| June 30, 2015 | -21.25 % | 0.17 | -30.96 % | 0.12 | 1 | 1 | 1 | |
| Sept. 30, 2015 | 18.83 % | 0.63 | -1.82 % | 0.34 | 1 | 2 | 2 | |
| Dec. 31, 2015 | -30.27 % | 0.09 | -23.77 % | 0.23 | 1 | 1 | 1 | |
| March 31, 2016 | 5.24 % | 0.47 | 26.62 % | 0.51 | 9 | 8 | 8 | |
| June 30, 2016 | 29.13 % | 0.71 | 17.48 % | 0.53 | 6 | 4 | 4 | |
| Sept. 30, 2016 | -16.24 % | 0.27 | -4.56 % | 0.42 | 1 | 1 | 1 | |
| Dec. 31, 2016 | 5.39 % | 0.62 | 5.74 % | 0.47 | 1 | 2 | 2 | |
| March 31, 2017 | -6.04 % | 0.42 | 18.34 % | 0.51 | 8 | 7 | 7 | |
| June 30, 2017 | 13.42 % | 0.62 | 32.92 % | 0.57 | 10 | 9 | 9 | |
| Sept. 30, 2017 | 21.58 % | 0.49 | 42.86 % | 0.56 | 10 | 10 | 10 | |
| Dec. 31, 2017 | 20.64 % | 0.57 | -13.37 % | 0.39 | 3 | 4 | 4 | |
| March 31, 2018 | -5.46 % | 0.62 | -0.48 % | 0.60 | 2 | 3 | 3 | |
| June 30, 2018 | 13.33 % | 0.61 | 4.81 % | 0.41 | 4 | 6 | 6 | |
| Sept. 30, 2018 | -22.21 % | 0.17 | -14.50 % | 0.36 | 1 | 2 | 2 | |
| Dec. 31, 2018 | 27.08 % | 0.79 | 52.45 % | 0.68 | 10 | 10 | 10 | |
| March 31, 2019 | -3.27 % | 0.43 | -9.16 % | 0.35 | 7 | 8 | 7 | |
| June 30, 2019 | -15.24 % | 0.20 | 27.10 % | 0.56 | 10 | 9 | 9 | |
| Sept. 30, 2019 | 54.20 % | 0.84 | 70.77 % | 0.60 | 10 | 10 | 10 | |
| Dec. 31, 2019 | -23.77 % | 0.15 | 54.05 % | 0.60 | 10 | 9 | 9 | |
| March 31, 2020 | 33.41 % | 0.87 | 78.22 % | 0.70 | 8 | 5 | 5 | |
| June 30, 2020 | 6.36 % | 0.43 | 22.79 % | 0.53 | 1 | 1 | 1 | |
| Sept. 30, 2020 | 31.57 % | 0.80 | 4.10 % | 0.51 | 1 | 1 | 1 | |
| Dec. 31, 2020 | -8.74 % | 0.32 | -45.28 % | 0.20 | 1 | 1 | 1 | |
| March 31, 2021 | -15.54 % | 0.31 | -55.59 % | 0.16 | 1 | 1 | 1 | |
| June 30, 2021 | -9.84 % | 0.24 | -54.10 % | 0.06 | 1 | 1 | 1 | |
| Sept. 30, 2021 | -26.16 % | 0.17 | -42.12 % | 0.13 | 1 | 2 | 2 | |
| Dec. 31, 2021 | -29.36 % | 0.15 | -23.02 % | 0.24 | 4 | 5 | 5 | |
| March 31, 2022 | -8.74 % | 0.12 | -0.02 % | 0.30 | 10 | 9 | 9 | |
| June 30, 2022 | 24.43 % | 0.67 | 31.95 % | 0.57 | 10 | 9 | 9 | |
| Sept. 30, 2022 | 4.70 % | 0.41 | 5.42 % | 0.35 | 2 | 3 | 3 | |
| Dec. 31, 2022 | -0.21 % | 0.35 | 24.45 % | 0.52 | 6 | 6 | 6 | |
| March 31, 2023 | 22.84 % | 0.62 | 36.69 % | 0.65 | 9 | 8 | 8 | |
| June 30, 2023 | -8.27 % | 0.35 | 1.21 % | 0.53 | 1 | 3 | 3 | |
| Sept. 30, 2023 | 29.71 % | 0.86 | 20.52 % | 0.62 | 2 | 3 | 4 | |
| Dec. 31, 2023 | 4.87 % | 0.58 | -10.92 % | 0.40 | 1 | 1 | 1 | |
| March 31, 2024 | -21.02 % | 0.18 | -29.05 % | 0.23 | 1 | 1 | 1 | |
| June 30, 2024 | 10.44 % | 0.54 | -12.13 % | 0.37 | 1 | 1 | 1 | |
| Sept. 30, 2024 | -5.20 % | 0.43 | -7.02 % | 0.51 | 1 | 1 | 1 | |
| Dec. 31, 2024 | -24.31 % | 0.25 | 39.31 % | 0.64 | 10 | 9 | 9 | |
| March 31, 2025 | 6.65 % | 0.52 | - | - | ||||
| June 30, 2025 | 17.57 % | 0.88 | - | - | ||||
| Sept. 30, 2025 | 38.23 % | 0.71 | - | - | ||||
| Dec. 31, 2025 | - | - | - | - |