Paragon Income I offers investors portfolio diversification and resilience through its focus on long-term coupon carry
SINGAPORE, 2 August 2021 – Bespoke wealth manager Paragon Capital Management Singapore (“PCMS” or “the Company”), has launched Paragon Income I, an income-oriented fund that aims to provide a stable return for accredited investors over the longer term (the “Fund”). This is an open-ended fund with a monthly subscription and redemption cycle, and a minimum subscription of USD 200,000.
Paragon Income I will invest across a global credit spectrum using an unconstrained and high conviction income approach that allows for flexibility to adjust the portfolio allocation in response to evolving market conditions. A significant proportion of the Fund will be parked in fixed-income securities with the rest invested in dividend-yielding equities, exchange traded funds and cash. The fund allocation process will be driven by a robust, bottom-up relative value analysis and fundamental research.
The Fund will be managed by fixed income veteran Carinn Neo, who recently joined the Company as Managing Director & Senior Portfolio Manager. Carinn possesses a strong 24-year track record in managing a range of fixed income products, including credit, interest rates and derivatives structures, as well as global and emerging market bonds and loans, and discretionary fixed income mandates.
Commenting on the launch, Ms Neo said, “Today’s low interest rates environment has made coupon or dividend all the more relevant to investors. With inflationary pressures growing in imminence, we are seeing a sustained appetite for yield stability. We believe that Paragon Income I, with its resilient and diversified portfolio and a focus on generating steady income, will meet the investment needs of our investors.”
The launch of Paragon Income I comes hot on the heels of PCMS’ recent launch of 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.