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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 InRIS Parus Fund was +3.2% in December. The Fund is at +2.31% YTD and +46.03% since inception.

Equity markets declined in December, with the MSCI World down -4.3%, ending the bear market rally of October/November. For Parus, the very strong performance came from the short book, notably from meme stocks and unprofitable tech which declined steeply towards the end of the year, enabling an alpha contribution of +7.8% for the month. The long book contributed negatively, though Chinese names performed well as the market started to price in the benefits of a post zero-covid policy. The MSCI World ended down -19.5% for 2022 while Parus’ strategy ended at +2.2%, thanks to the short book which contributed +16.6% to NAV, with an alpha of +63.9% for the year.

At the end of December, the net exposure of the Fund was +0.3% of the NAV, with a long exposure of 34.9% and a short exposure of 34.6%. The gross exposure was 69.5% of the NAV.

 

 

*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: 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