Cumulative Performance (%)
Fund Inception 23 July 2013
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
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)
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
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.
Sector Breakdown as a % of AUM
as a % of AUM
as a % of AUM
as a % of AUM
Trading Advisor's Commentaryas of
Market Review and Outlook
The performance of the Parus Fund (I EUR H share class) was +0.40% in August, bringing the YTD performance at +16.36% and the 1 year performance at 25.21%.
In August the MSCI World was up +2.3%. For Parus, on the long side, Media and Software names contributed positively in a market where Growth outperformed Value. Chinese regulatory news flow continued unabated, though Chinese equities began to recover in the second half of the month. The short book contributed negatively impacted by high-growth unprofitable shorts and “meme” stocks.
At the end of August, the net exposure of the Fund was 72.9% of the NAV, with a long exposure of 92.1% and a short exposure of 19.2%. The gross exposure was 111.3% of the NAV.
Facts & Documents
Fund Domicile: Ireland
Fund Type: UCITS SICAV
Fund Launch: 23 July 2013
Base Currency: USD
Depositary, Administrator, Transfert Agent: State Street Fund Services Ireland Limited, CACEIS Ireland Limited
Dealing: Weekly (each Wednesday) with a 4 business day notice
Cut-off time: 11 A.M Irish Standard Time
Countries where the fund is registered:
Belgium, France, Germany, Italy, Luxembourg, Netherlands, Spain, Singapore, Switzerland, United Kingdom
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.
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