The Paragon Australian Long Short Fund, a registered retail and wholesale fund, is suitable to investors with a medium to long-term investment horizon seeking strong risk-adjusted returns.
The Fund’s investment objective is to achieve double-digit annualised returns over a period of 5 years.
With a flexible investment mandate across all Australian (and to a lesser extent global) listed market caps, Paragon focuses its efforts on high conviction stock picks within the industrials and resources sectors.
Key features of the Fund are listed below. A detailed outline of the Fund can be found in the PDS.
``The Paragon Fund strives to achieve double-digit annualised returns over a medium to long-term investment horizon.``
Primarily Australian equities long/short fund (with a long-bias), fundamentally driven with a concentrated portfolio of high conviction stocks focused in the industrials and resources sectors.
Absolute returns in excess of 10% p.a. over a 5 year time horizon uncorrelated to the Australian equities market
Australian resident unit trust available to both wholesale and retail investors via a PDS
1.5% management fee, 0.25% expenses recovery and a 20% performance fee subject to a 5% p.a. hurdle and a perpetual high watermark
25% net short to 150% net long and a maximum of 200% gross
At least 70% of the portfolio can be liquidated within 10 business days at all times