Phil King, one of Australia’s best-known hedge fund managers, is preparing to retire from Regal Partners, sending shares in the listed investment firm sharply lower, according to a report by Bloomberg.
King, who co-founded Regal in 2004 and serves as chief investment officer for its long-short equities business, will remain in his role until at least June 2027 as part of a phased transition towards retirement.
Regal shares fell as much as 10% following Monday’s announcement before recovering som...
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