Hedge Fund Parus With $2 Billion Posts Losses on Tech Shorts

  • London-based Parus Fund was short Advanced Micro, Seagate
  • Long/short equity hedge funds up 0.89% this year: Eurekahedge

Parus Fund, a $2 billion long-short equity strategy managed by London-based Parus Finance, declined in July as short positions in the technology sector hurt performance.

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