Parus Tactically Shifts Long / Short Exposure Ratios

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Mark Melin
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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…


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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.