| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| 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 | The Fund's positive performance for the year was generated from small and midcaps companies (market capitalisations up to $1.5b). Long and pair positions drove the positive performance, while absolute shorts and SPI shorts (for hedging purposes), detracted from overall returns. Attribution from resources was the biggest sector contributor to the Fund. The market rotation over the last few months has begun to offer attractive opportunities in Australia and the investment team is confident that the Fund is well placed to capitalise current and future opportunities. |
| More Information |
