Regal Partners will add two key executives to its investment committee and limit the size of positions its listed funds will take as it urges its backers to stick with a high-octane trading strategy after a double-digit loss.
The firm’s veteran stockpicker, Phil King, fronted a strategy forum on Wednesday, telling investors that while he was disappointed about the last month, he was confident about the future and longer-term returns.
King had already written to investors earlier this month to explain how a $220 million bet on speculative biotechnology play Opthea had failed spectacularly, forcing the fund to write down its entire position.
Source: https://www.afr.com/markets/equity-markets/regal-s-king-says-his-hedge-funds-will-recover-from-march-madness-20250416-p5ls4j