Parus Tactically Shifts Long / Short Exposure Ratios

Long / short strategy appears positioned for difficult markets as short exposure gains on long exposure

One of the funds with significant exposure to former momentum stock Tesla is Parus Finance, a London-based hedge fund that trade the stock during its momentum-based golden trading age, as reported in ValueWalk.

After what the fund called a “bumpy year” – Parus Finance was up near 7.4 percent this time last year, out of the gates in 2014 like a rocket. But that rocket came down to earth, as the fund whose benchmark is the MSCI World Index finished with positive 3.7 percent performance on the year. By contrast, the MSCI World Index was down 0.6 percent on...