Zorub: High active share and concentration systematically drive investment alpha
David Zorub · David Zorub - Navigating Hedge Fund Headwinds at Parsifal (EP.434) · Mar 3, 2025 · at 11:20
David Zorub, founder and CIO of Parsifal Capital Management, explains his firm's investment philosophy and framework for generating alpha to host Ted Seides.
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“Strategies that do three things over time really outperform. And those three things are invest with high active share. So you don't, by definition, look like an index. Second, concentrate in your best ideas in recognition of the fact that actually markets are reasonably efficient most of the time, more so than most people like me want to admit day in and day out, and therefore when you find something that you can have a superior understanding of, you take risk to it. The third is being able to invest with appropriate duration and volatility tolerance that is consistent with your strategy”
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