Paragon Restructure

Paragon Funds Management, a boutique Australian Equity Long/Short specialist with over 4.5 years track record is today announcing changes to its senior management, investment team and ownership structure.

In order to establish an ongoing platform of growth, Paragon is pleased to announce that Hillier Deniz (previously Chief Financial Officer) will become Chief Executive Officer of Paragon. This promotion allows John Deniz, co-founder of Paragon, to dedicate his full capacity as Chief Investment Officer of the Paragon Australian Long Short Fund (Paragon Fund).

After significant consideration, Nick Reddaway, co-founder of Paragon, and co-fund manager of the Paragon Fund, has decided to leave Paragon effective 30 September, 2017. Ownership of Paragon will be retained by John Deniz and his team.

These changes will not have any impact on the Fund’s overall investment strategy or day to day operations of the Fund.

“While I am extremely proud of our achievements and strong performance for investors over the last 4.5 years, I have decided to pursue new opportunities outside of Paragon. I wish John and the team ongoing success,” commented Nick.

“I thank Nick for his contributions and wish him success in his future endeavours. I believe Paragon remains well positioned for growth with an exciting future ahead. I Iook forward to delivering on the Fund’s long-term investment objective for our investors,” concluded John.

For investor enquiries relating to these changes please contact us directly.