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| Fund Overview | Paragon accepts that markets are not always efficient in pricing information into securities and that no one investment style works in every stage of the investment cycle. Subsequently Paragon adopts a top down thematic led approach to identify companies exhibiting sustainable or improving returns on capital driven by volume growth, pricing power and competitive advantages. Paragon utilises both quantitative analysis to provide probability weighted high/low/base case valuations and qualitative analysis in assessing management, the business model and likely direction of returns. Paragon will allocate assets to each investment opportunity based on a risk/reward profile. Positions have defined investment parameters and risk limits, which are then monitored on an ongoing basis. |
| Manager Comments | The Fund Update notes key drivers for March included a combination of: • Continued solid returns from core holdings in G8 Education and Donaco • Strong gains from machine to machine (M2M) technology company NetComm Wireless, and Liquefied Natural Gas. In the Manager's report they discussed their holding in an emerging infrastructure company exposed to the US shale gas revolution: Liquefied Natural Gas (LNG AU). |
| More Information | » View detailed profile of this fund |
