InRIS Parus
Overview
Share Class
NAV
Cumulative Performance (%)
Fund Inception 23 July 2013
Daily | Monthly | Ytd | 1Yr | 3Yr | 5Yr | Incept. | Incept.Date |
---|
The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Strategy & Manager
Trading Advisor
Parus Finance , founded in 2002, is an independent asset management company making investments worldwide employing a Long/Short equity strategy. Parus’ experienced team has managed its equity Long/Short strategy since January 2003 ($1.4bn in AuM)
Key Persons
Fabrice Vecchioli, CIO, co-founder – 30 years of financial markets and 24 years of buy side experience.
- Previous experiences: Notz-Stucki/Comgest, Finacor
- BS/MS from Ecole Polytechnique, Certified Actuary
Edouard Vecchioli, PM, co-founder – 22 years of financial markets and 16 years of equity buy side experience.
- Previous experiences: BNP Paribas, Banque C.A. Indosuez
- BA from University Paris-Dauphine and MSc in Market Finance and Management
Philippe Carrance, PM– 28 years of finance industry and 12 years of equity buy side experience.
- Previous experiences: Kepler, Consors, Drexel Burnham, Louis Dreyfus
- BA from HEC and French CFA (SFAF)
Marc Chatin, PM– 18 years of finance industry and 12 years of equity buy side experience.
- Previous experiences: Edoma ($2bn peak AUM), Talaris ($1bn), Gandhara ($3.5bn), Cisco, Rothschild & Cie
- MBA from Wharton and BA from ESSEC
Statistics & Commentary
Performance
The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
Trading Advisor's Commentary
as ofFund
The MSCI World was up +1.6% in April in the context of quarterly earnings that were overall better than feared, continued outperformance of quality names over cyclicals and poor price action of Chinese companies. For Parus, positive contribution on the long side from Meta and Microsoft driven by strong quarterly results and on the short side from unprofitable tech, was offset by a negative contribution from Chinese longs and Real Estate shorts.
At the end of April, the net exposure of the Fund was -1.1% of the NAV, with a long exposure of 36.2% and a short exposure of 37.3%. The gross exposure was 73.5% of the NAV.
In the long book, Media (8.0%), was the largest sector, followed by Software (7.3%) and Healthcare (6.5%). The long portfolio held 26 positions*. In the short book, Real Estate (19.7%) was the largest sector, followed by Finance (7.2%) and Mining (3.4%).
The short portfolio held 25 positions*.
* positions greater than 0.3% of NAV
Facts & Documents
Facts
Fund Domicile: Ireland
Fund Type: UCITS SICAV
Fund Launch: 23 July 2013
Base Currency: USD
Depositary, Administrator, Transfert Agent: RBC Investor Services Ireland Limited
Dealing: Daily with a 2-day notice
Cut-off time: 11 A.M Irish Standard Time
Countries where the fund is registered:
Ireland, Luxembourg, Austria, Germany, France, UK, Italy, Switzerland, Singapore, Belgium, Netherlands, Spain
Sustainability-related disclosures:
The information related to the integration of sustainability risks and to the potential adverse sustainability impacts at the sub-fund level can be found in the prospectus of the Fund.
Identifiers:
I EUR-H
ISIN: IE00BCBHZ754
Ticker: RPARIE1 ID
Launch: 25 Jul 2013
I EUR
ISIN: IE00BCBHZ978
Ticker: RPARIE2 ID
Launch: 25 Jul 2013
I USD
ISIN: IE00BCBHZC00
Ticker: RPARIU1 ID
Launch: 29 Sep 2015
I CHF-H
ISIN: IE00BCBHZH54
Ticker: RPARIC1 ID
Launch: 29 Sep 2015
I GBP-H
ISIN: IE00BCBHZF31
Ticker: RPARIG1 ID
Launch: 8 Dec 2015
C USD
ISIN: E00BCBHZD17
Ticker: RPARCU1 ID
Launch: 31 Jul 2013
C EUR-H
ISIN: IE00BCBHZ861
Ticker: RPARCU1 ID
Launch: 17 Sep 2013
Documents
available upon request