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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 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

MONTHLY REPORT
PROSPECTUS
  1. InRIS UCITS - Prospectus
  2. InRIS UCITS - Supplement - Parus
KIDS Other sub-funds and other languages
available upon request