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”.
