Where the result came from
Trading result−$941
Funding−$48
Trading fees−$734
Net result−$1,723
Closed positions only, in dollars. This describes the money; it is not how the score is built.
Where the evidence sits90% range 37.7–45.9
Palermo Master Fund LP is rated Below average. Its record shows evidence against skill. Its whole 90% range, 37.7–45.9, sits below 50, the neutral point. The ranges of 208 other rated vaults overlap with this one, so on current data they can’t be told apart.
Concentrated in one assetMost of the result comes from one asset (BTC 89%), and the score is reduced for it.
- Return on record
- −51%
- $1 became $0.49 since the vault’s start
- Max drawdown
- −66.6%
- largest fall from a peak
- Deposits
- $740
- 4 depositors · open to deposits
- Rated window
- 209 days
- 20 Mar 2026 – 14 Oct 2026
Track record
Daily, after fees and funding. Deposits and withdrawals are left out, so new money never counts as profit.
$1.00 on 20 Mar 2026 $0.49 on 14 Oct 2026
One point a day: $1 put in at the vault’s start, after fees and funding. The dashed line is $1.
Deepest daily point −64.6% · peak 18 May 2026, trough 15 Sep 2026, not recovered yet · worst day −18.4% on 27 May 2026
The maximum drawdown in the summary is the rating’s own measurement and can be deeper than one point a day shows.
2 of 8 months up · best +30.0% in Sep 2026 · weakest −34.3% in Apr 2026
The first and last months can be partial.
Results by asset
| Asset | Positions | Result | |
|---|---|---|---|
| BTC | 78 | −$1,272 | |
| VVV | 5 | −$135 | |
| HYPE | 22 | −$90 | |
| TAO | 3 | −$81 | |
| PUMP | 2 | +$49 | |
| NEAR | 1 | −$48 | |
| VIRTUAL | 1 | −$46 | |
| ETH | 2 | −$40 |
How it trades
- Style
- Swing trading
- Closed positions
- 125
- Win rate
- 36.0%
- Median holding time
- 5.2 h
- Assets traded
- 16
- Maker share
- 0%
Risk
- Max drawdown
- −66.6%
- Daily volatility
- 5.25%
- Worst day
- −18.4%
- A bad day, 1 in 20
- −9.1%
- Largest single asset
- BTC · 89%
- Own liquidations
- None found
Capital and flows
- Vault capital
- $740
- Leader’s share of the vault
- 100.0%
- Leader’s cut of profit
- 10%
- Depositor money in and out
- $12,024
- First trade
- 12 Feb 2026
Depositors’ money moving in and out is left out of the return, so a popular vault isn’t penalised for attracting money.
From the leader
PMF operates a non-discretionary system based on 12/21 EMA slope dynamics. The strategy is designed to buy into pullbacks during favourable momentum inflection points. Backtesting: 56% Winrate & EV 0.68. 5% risk-per-trade.
The vault’s own description on Hyperliquid, not checked by Brierz.
Audit trail
- Computed
- 19 Oct 2026, 12:40 UTC
- Method
- Version 0.9
- Data
- Hyperliquid API and Hyperliquid trade archive
- Latest input
- 15 Oct 2026, 00:27 UTC
Checksum of every input (SHA-256). Any later change to the inputs would change it.
d85e385e48603a323226df2608945e8d374422cc9bdf5cfaadf9ce0bf34bb425When each input was read
- Closed positions
- 13 Oct 2026, 12:59 UTC
- Trades
- 13 Oct 2026, 12:59 UTC
- Funding payments
- 15 Oct 2026, 00:27 UTC
- Deposits and withdrawals
- 15 Oct 2026, 00:27 UTC
- Account state
- 15 Oct 2026, 00:27 UTC
Run this vault, or build on the ratings?
Vault leaders get the full report and can reply to it. Platforms can show Brierz ratings in their own product.