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| Fund Overview | Paragon believes that markets are not always efficient, exhibiting a common tendency to price securities well outside of their intrinsic value over the medium term. This market characteristic provides the opportunity for Paragon, an active manager with a flexible mandate, to generate superior investment returns over the longer term. Paragon believes that it is critical to understand both the companies and the industries in which they operate, in order to fully comprehend each investment opportunity. Accordingly, a fundamental approach to company research is taken. Assessing the potential downside is also paramount in framing the risk/reward trade-off for potential investments. |
| Manager Comments | Main contributors in September were Kidman Resources, Mayne Pharma, gold holdings and a short position in Pilbara Minerals. At the end of the month, the Fund had 32 long positions and 11 short positions, with a net exposure of 89.2%. The Fund held 10.8% of the portfolio as cash. Click below to read the latest monthly report. |
| More Information |
