| 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's unique investment style, comprising thematic led idea generation followed with an in depth research effort, results in a concentrated portfolio of high conviction stocks. Conviction in bottom up analysis drives the investment case and ultimate position sizing: * Both quantitative analysis - probability weighted high/low/base case valuations - and qualitative analysis - company meetings, assessing management, the business model, balance sheet strength and likely direction of returns - collectively form Paragon's overall view for each investment case. * Paragon will then allocate weighting to each investment opportunity based on a risk/reward profile, capped to defined investment parameters by market cap, which are continually monitored as part of Paragon's overall risk management framework. The objective of the Paragon Fund is to produce absolute returns in excess of 10% p.a. over a 3-5 year time horizon with a low correlation to the Australian equities market. |
| Manager Comments | Positive contributions from long holdings in Kidman, Echo, Cann Group, Wattle Health, Link Financial and Audinate, as well as the Fund's Lithium shorts, were offset by declines in the Fund's Cobalt holdings, Updater and Cimic. The latest report discusses Paragon's views on the Lithium and Cobalt markets. They note that, overall, the fundamental investment cases for both Lithium and Cobalt over the medium term have not changed. They believe that the Cobalt market will need to more than double by 2025, and the Lithium market will need to quadruple. |
| More Information |
