Regal Funds Management has been awarded a $420 million institutional mandate for its Australian Long Short Equity Strategy.
The mandate from a large domestic superannuation fund followed an extensive investment and operational due diligence process.
The Regal Australian Long Short Equity Strategy was an active extension, long/short strategy that aimed to outperform the S&P/ASX 300 Accumulation Index over a rolling five-year period, net of fees.
It was managed by Regal chief investment officer, Phil King, and Australian Equity portfolio manager Jovita Khilnani.
Regal Partners chief executive, Brendan O’Connor, said: “We’re delighted with the award of a such a significant mandate. It represents a strong independent endorsement of Regal’s investment and risk management capabilities, in addition to the institutional-grade operating infrastructure that Regal employs across all its long/short equity strategies”.
The fund has announced an internal promotion to the newly created role.
Stockspot is aiming to launch the Australia-first vehicle in the coming months.
Natalie Kelly has been appointed permanently to the role following an extensive selection process.
Wayne Byres is the newest addition to the market operator’s leadership team as part of its ongoing board renewal initiative.
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