Parus Tactically Shifts Long / Short Exposure Ratios

HFA Padded
Mark Melin
Published on
Updated on

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…

Login if you are HedgeFundAlpha Subscriber.

HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.