Posted inSingapore

Paragon launches global equity fund in Singapore

The product will be sold to accredited investors.
Sean Quek, Paragon Capital Management

Wealth manager Paragon Capital Management Singapore (PCMS) has expanded its fund offering with the Paragon Systematic Advantage Global Equity fund (Paragon SAGE), an open-ended, equity-focused product that aims to provide long-term capital growth by investing the fund’s assets in a portfolio of global companies. 

Paragon SAGE applies a fundamental, bottom-up basis to build a portfolio of quality companies with a durable competitive advantage, according to a statement by the firm. To supplement the portfolio approach, the fund will systematically make tactical adjustments to the cash levels in accordance with changes in market conditions.

“This is a bottom-up stock selection investment strategy and is therefore sector and country agnostic. That said, looking from top-down, the portfolio has a tilt towards developed markets, especially the US,” a spokeswoman told FSA.

The fund operates as a sub-fund under Paragon Alpha Variable Capital Company. It is an open-ended fund with a minimum subscription of $200,000 and a monthly subscription and redemption cycle. The management fee is 1.55 a year, said the spokeswoman.

Paragon SAGE will be managed by Sean Quek, who recently joined PCMS as managing director and senior portfolio manager. Quek has 20 years of experience in capital markets, global asset allocation, wealth management and equity research. 

Scheduled for official launch on 8 December 2021, Paragon SAGE will be distributed directly by Paragon Capital.

It is the third fund incepted by PCMS this year, following the launch of Paragon Income I, an income-oriented fund that aims to provide a stable return for accredited investors over the longer term, and Paragon Ventures I, an early-stage venture capital fund that invests in productivity and efficiency enablers from the pre-seed to series A development stages.

Established in 2017, PCMS holds a capital markets services license issued by the Monetary Authority of Singapore (MAS) and is an exempt financial adviser.

Part of the Mark Allen Group.