Boutique manager Paragon has topped Morningstar’s list of Australia’s best stock-pickers for the 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 wave of deal activity, to generate a whopping 102.5 per cent return for the 12-month period. That was nearly double the next best Australian-domiciled equity fund tracked by Morningstar.
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