Paragon’s commodity-focused hedge fund smashed rivals in the 2024-2025 financial year, doubling the return of the next best fund ranked by Morningstar.
Boutique manager Paragon has topped Morningstar’s list of Australia’s best stock-pickers for the 2024-2025 financial year, after its hedge fund achieved the rare feat of doubling investors’ money.
The $69.2 million commodity-focused long short strategy rode the blistering rally in precious metals and a wave of deal activity to generate a whopping 102.5 per cent return for the 12 months. That was nearly double that of the next best Australian-domiciled equity fund tracked by Morningstar.
Source: https://www.afr.com/markets/equity-markets/australia-s-top-stocks-fund-seals-golden-year-with-rare-100pc-return-20250714-p5meom