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…