Permanent Portfolio Funds Wins Four 2026 LSEG Lipper Fund Awards

Funds recognized for consistently strong risk-adjusted performance over 3, 5, and 10 years

Mar. 12, 2026 at 7:25pm by Ben Kaplan

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Pacific Heights Asset Management, LLC, investment adviser to Permanent Portfolio Family of Funds®, announced that two of its mutual funds received LSEG Lipper Fund Awards in recognition of consistently strong risk-adjusted performance relative to their peers over 3, 5, and 10 year periods.

Why it matters

The LSEG Lipper Fund Awards highlight funds and fund companies that have delivered outperformance and steady reassurance of consistency through changing market conditions, which is particularly notable given the volatile market environment over the past few years marked by factors like higher interest rates, uneven global growth, and geopolitical uncertainty.

The details

Permanent Portfolio® (PRPFX) won three LSEG Lipper Fund Awards: Best Alternative Global Macro Funds Over 3 Years, Best Alternative Global Macro Funds Over 5 Years, and Best Alternative Global Macro Funds Over 10 Years. Aggressive Growth Portfolio (PAGRX) won the award for Best Multi-Cap Core Funds Over 3 Years. Permanent Portfolio is a non-correlated, comprehensive asset allocation strategy, while Aggressive Growth Portfolio employs a low-turnover, "go anywhere" multi-cap core equity approach.

  • The 2026 LSEG Lipper Fund Awards were announced on March 12, 2026.

The players

Pacific Heights Asset Management, LLC

The investment adviser to Permanent Portfolio Family of Funds®.

Permanent Portfolio Family of Funds®

A family of mutual funds, including the award-winning Permanent Portfolio® and Aggressive Growth Portfolio funds.

Michael J. Cuggino

President and Portfolio Manager of Permanent Portfolio Funds.

Otto Christian Kober

Head of Lipper Research at LSEG Data & Analytics.

Quasar Distributors, LLC

The distributor of the Permanent Portfolio Family of Funds, and a member of FINRA.

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What they’re saying

“We are honored to once again receive these awards recognizing outstanding fund performance. Over the last few years, investors have had to contend with a wide variety of challenging market conditions, including stubborn inflation, higher-for-longer interest rates, concentrated equity returns, a volatile U.S. political environment, tariffs, and geopolitical uncertainty. Against this backdrop, we are proud to have consistently delivered such strong results for our shareholders.”

— Michael J. Cuggino, President and Portfolio Manager of Permanent Portfolio Funds

“The 2026 LSEG Lipper Fund Awards mark another volatile three-year stretch for global markets. The managers we're recognizing have guided investors through an environment where base rates have spiked, then diverged, as central banks navigated new and challenging inflationary landscapes, alongside uneven global growth and heightened geopolitical risk. Whether managers entered the market in the era of easy money or have navigated cycles for decades, this most recent period made one thing plain: durable results come from a disciplined process, not prediction. We applaud the 2026 LSEG Lipper Fund Award winners for delivering outperformance and the steady reassurance of consistency through changing market conditions.”

— Otto Christian Kober, Head of Lipper Research at LSEG Data & Analytics

What’s next

The Permanent Portfolio Family of Funds will continue to focus on delivering consistent, risk-adjusted returns for investors through its disciplined investment approach, regardless of market conditions.

The takeaway

The Permanent Portfolio Funds' ability to outperform peers and provide steady returns across different market environments underscores the value of a diversified, non-correlated investment strategy that can navigate volatility without relying on forecasts or market timing.