Phoenix, AZ (PRWEB) April 29, 2011
Palo Verde Capital announced today that the firm has formally changed its name from Paragon Capital Advisors. The announcement was made by Tony Stacy, founder and Managing Partner of Palo Verde Capital.
"With multiple funds under management and alternative strategies serving both institutional and accredited investors, we felt the name Palo Verde Capital was a better representation of our brand and company. With similar attributes to that of a palo verde tree, we pride ourselves on our ability to deliver results in the harshest of environments. The name Palo Verde Capital will serve us well," Mr. Stacy said.
Additionally, Palo Verde Capital announced that it has secured office space in DC Ranch and has completed the process of moving its headquarters to Market Street in Scottsdale, Arizona. Having signed a multi-year lease agreement with DMB, the firm became fully operational in its new headquarters at the end of the first quarter.
“We are proud to be an Arizona based asset manager. We selected Scottsdale as home because we don’t believe you need to be on Wall Street to deliver results,” said Mr. Stacy. “Our focus has been and will continue to be on delivering a positive investor experience. We are excited and look forward to continuing to build our firm while remaining a valued partner in the Phoenix/Scottsdale community.”
About Palo Verde:
Founded in 2008, Palo Verde Capital is a leading multi-strategy alternative investment manager, providing disciplined investment management in a transparent, process-driven environment to institutional and accredited investors. Fully-transparent and fully reporting, the firm is committed to creating long-term value through experienced, skill-based investment management. The investment philosophy of the firm is centered on the concept of yielding absolute returns, regardless of overall market conditions or performance. For more information, visit: http://www.pvfunds.com
About the Palo Verde Tree:
Often the only green found in the barren desert, the palo verde tree has adapted and thrived for more than 4,000 years. It survives rainy seasons and draughts equally well, blooming, at its own discretion, year after year. In extreme heat, it can shed its leaves and use its uniquely green bark for photosynthesis. It will even shed full branches if necessary for survival. It is truly a symbol of consistent performance in harsh environments.
# # #