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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 of

Fund

The performance of the Parus Fund EUR Class was -3.7% in July.The Fund was at -0.5% YTD, +0.37% for 1 year, +11.7% for 3 years and +42.0% since inception. In July the MSCI World was up +7.9% as equity markets rebounded in what appears to be a bear market rally, favouring lower quality names which had corrected the most in H1. In that context the short book was impacted by a bounce in heavily shorted names, with Coinbase as the largest detractor. The long book provided positive contribution, with Synchrony, Microsoft and Ryanair as top contributors. The quarterly results season has so far provided mixed outcomes. At the end of July, the net exposure of the Fund was 6.4% of the NAV, with a long exposure of 38.6% and a short exposure of 32.2%. The gross exposure was 70.8% of the NAV. In the long book, Healthcare (8.6%), was the largest sector, followed by Media (6.4%) and Retail (5.7%). The long portfolio held 32 positions. In the short book, Finance (9.1%) was the largest sector, followed by Retail (7.0%) and Real Estate (7.0%). The short portfolio held 22 positions.


Facts & Documents

Facts

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 1 day notice for subscription and 4 days notice for redemption

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

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:    Launch: 25 Jul 2013

I EUR
ISIN: IE00BCBHZ978   Ticker:    Launch: 25 Jul 2013

I USD
ISIN: IE00BCBHZC00   Ticker:    Launch: 29 Sep 2015

I CHF-H
ISIN: IE00BCBHZH54   Ticker:    Launch: 29 Sep 2015

C USD
ISIN: E00BCBHZD17   Ticker:    Launch: 31 Jul 2013

X EUR-H
ISIN: IE00BKBDBV58   Ticker:    Launch: 9 Jul 2019

C EUR-H
ISIN: IE00BCBHZ861   Ticker:    Launch: 17 Sep 2013

I GBP-H
ISIN: IE00BCBHZF31   Ticker:    Launch: 8 Dec 2015

Documents