The Parus Fund was positive in October while King Street posted slightly negative performance, according to investor letters reviewed by ValueWalk. The Ireland-based Parus hedge fund was up 0.34 percent in October, bringing year to date performance to 0.56 percent, significantly underperforming the U.S. stock market. The long short fund primarily invests in U.S. and European equities targeting on the long side growth stocks with a competitive advantage and on the short side structurally declining companies. The Fund employs a stock-picking methodology supported by fundamental analysis and the use of primary data, according to its investor letter. “October was a…
Parus Fund Slightly Positive in October While King Street Negative
Mark Melin
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.