Paragon Fund – MSC Trustees is now RE of the Fund

A New Chapter for Paragon & Paragon Fund

MSC Trustees is now RE of the Paragon Fund
Paragon is pleased to announce that Melbourne Securities Corporation Ltd (MSC Trustees) has been appointed as RE of the Paragon Fund, replacing Bennelong Funds Management. The appointment was approved by members on 9 June 2026 and ratified by ASIC, effective 29 June 2026.

MSC Trustees is a professional trustee firm within the MSC Group, with experience across investment funds and capital structures. Founded in 2012, the group includes MSC Trustees, MSC Certane and MSC Abacus, and manages approximately $34 billion in funds under administration.

Fund Name – Paragon Fund
The Fund’s name has been changed from Paragon Australian Long Short Fund to Paragon Fund, to more accurately reflect the global nature of its investment strategy.

No Change to the Fund’s Strategy or Operations
There is no change to the Paragon Fund’s investment strategy.

Paragon continues as Fund Manager under a Management Agreement with MSC Trustees, and John Deniz remains Chief Investment Officer.

The Fund’s key service providers are unchanged, with the exception of Barrenjoey Markets replacing Citibank as custodian for global stocks from June 2026.

PDS, TMD & Constitution
The Fund’s PDS, TMD and application forms will be reissued and available from our website.

The Fund’s constitution has also been amended to reflect the changes. A copy of the constitution can be provided upon request.

FY26 Annual Statements
The transition to the new RE is progressing well and there has been no disruption to the Fund’s operations.

There will be a slight delay to the FY26 Annual NAV, Distribution and Tax statements, which are expected to be sent to investors by mid-August.