Marc Chatin, who is a partner at Parus Fund, was pitching the bull case on Tesla Motors at the Sohn Investment Conference held in London in November. The Parus Finance long / short equity hedge fund posted modest gains in the last year, finishing the year with a 3.75% return, according to investment returns seen by ValueWalk. Parus Fund grabbed a 4.03% return in November but cut its gains with a loss of 1.21% in December.
Parus short on energy and mining
The manager's report on the fund performance mentioned how returns at Parus Fund are negatively correlated with the MSCI World Index. The fund attributed this inverse relation to the size and volatility of its short portfolio in the...
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