● Paragon Alpha I achieved a total return of 45.62% for year 2023 and 72.81% since inception (31 Oct 2018).
● The fund recorded an annualised return of 11.17%, placing it 17th out of 306 funds in its category according to Eurekahedge*.
● The fund closed December with a NAV increase of +5%, underscoring its robust performance throughout the year.
SINGAPORE, [31 January 2024] – Paragon Capital Management Singapore’s (PCMS) flagship fund, Paragon Alpha Fund I (PAF I) has once again achieved a remarkable milestone, setting a new benchmark in its performance for 2023. The fund has achieved a total return of 45.62% for year 2023 and 72.81% since its inception on 31st October 2018, solidifying its position in the upper echelons of similar funds.
In a year marked by challenges and volatility, PAF I has not only navigated but excelled. The fund recorded an annualised return of 11.17%, placing it 17th out of 306 funds in its category according to Eurekahedge*. It closed December with a NAV increase of +5.04%, underscoring its robust performance throughout the year. This result is a testament to PCMS’ expert asset management capabilities and strategic foresight.
PAF I’s success is attributed to its rigorous investment methodology, combining keen market insight with a disciplined, research-backed approach. This method has consistently unearthed opportunities and navigated market dynamics, yielding exceptional returns for investors.
Paul Lee, Chief Executive Officer and Chief Investment Officer of PCMS, stated, “We are proud to deliver substantial value to our investors. We navigated the turbulent waters of 2023 by maintaining our focus on being patient capital, valuing fundamentally strong businesses, and upholding our disciplined investment approach. Our success is driven by our absolute return-oriented strategy, our team’s resilience, and agility towards adapting to various market conditions.”
He further added, “Our unwavering commitment to prioritising our investors’ interests is the cornerstone of our approach. This investor-centric philosophy, coupled with a rigorous process of analysis, execution, and risk management, has been pivotal in achieving these positive long-term returns for our investor.”
PAF I’s record performance in 2023 adds to PCMS’s growing list of achievements. It underscores the firm’s position as a leading asset manager dedicated to offering bespoke investment solutions for accredited and institutional investors.
Looking ahead, the company remains optimistic about the global financial landscape for the rest of the year. “Despite the evolving challenges in the current economic climate, we are confident in our strategic outlook and capabilities to exceed our targets over the longer term,” concluded Lee.
* Per Eurekahedge Pte Ltd’s Fund Ranking Tool as of 29.01.2024 based on Global geographical mandate & Multi-strategy investment strategy.
About Paragon Capital Management Singapore
Established in 2017, Paragon Capital Management Singapore Private Limited (PCMS) is a boutique asset management firm with AUM in excess of SGD 800 million. As an Exempt Financial Adviser with a Capital Markets Services License issued by the Monetary Authority of Singapore (MAS), PCMS is a trusted partner that delivers exceptional investment solutions and wealth management services to Accredited Investors.
Paragon Alpha VCC runs three open-ended public market funds and one close-ended private market fund, namely: Paragon Alpha I, Paragon Income I, Paragon Systematic Advantage Global Equity (SAGE) Fund and Paragon Ventures I. The public market funds allow clients to access a broad range of investment opportunities across different asset classes and Paragon Ventures I focuses on identifying and nurturing promising startups with high growth potential.
Investment team composed of seasoned veterans from the banking, wealth management and finance sectors with deep experience to navigate complex market dynamics and in providing tailored investment strategies that align with each of the clients’ unique financial goals. More information on PCMS can be found at www.paragoncapital.sg.
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