David Zorub - Navigating Hedge Fund Headwinds at Parsifal (EP.434)

David Zorub is the Founder and CIO of Parsifal Capital Management, a $1.5 billion hedge fund that invests in a concentrated portfolio of longs and shorts across geographies, sectors, and capital structures. David joined me on the show a few months before he launched Parsifal six years ago to discuss his plans. We got back together to talk about what’s happened since.

Our conversation covers the headwinds facing fundamental investing, Parsifal’s approach to counter those challenges, and the investment and business processes that led the firm to reach this point. Along the way, David shares keen insights into research, portfolio construction, and partner relationships that have combined to take Parsifal from a start-up hedge fund to a thriving organization in a difficult environment to do so.

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Original Publish Date: 03/03/2025

00:00:00) Welcome to Capital Allocators
(00:00:18) Six Years of Parsifal: Growth and Lessons Learned
(00:06:07) Navigating Market Headwinds and the Search for Alpha
(00:13:36) Investment Strategy: Identifying and Exploiting Inefficiencies
(00:22:40) Risk Management, Portfolio Construction, and Position Sizing
(00:33:05) Mag Seven and the Role of Short Selling
(00:40:55) Case Study: Shark Ninja Investment and Market Inefficiencies
(00:46:07) Raising Capital and Building Long-Term Partnerships
(00:52:51) The Future of Parsifal and Market Opportunities Ahead
(01:00:54) Closing Questions

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