Key Takeaways
- • Phil King, co-founder of Regal Partners and one of Australia's best-known hedge fund managers, is set to exit in about eight months.
- • Regal Partners is an ASX-listed asset management firm with roughly $23 billion in assets under management, which King co-founded more than two decades ago.
- • Regal has unveiled a succession plan to its staff ahead of King's departure, and succession planning is reported to be well under way.
Summary
Phil King, the co-founder of Regal Partners, will step away from the firm in roughly eight months, according to the publisher summary of the story. King is widely regarded as Australia's best-known hedge fund manager. Regal Partners is an ASX-listed asset management group with about $23 billion in assets under management.
The firm has begun preparing for the transition. Regal has unveiled a succession plan to its staff ahead of King's exit, and the publisher reports that succession planning across the business appears well advanced. For allocators, a planned leadership handover at a manager of this size is a notable event to track, particularly given King's long association with the firm's flagship strategies.
The firm has begun preparing for the transition. Regal has unveiled a succession plan to its staff ahead of King's exit, and the publisher reports that succession planning across the business appears well advanced. For allocators, a planned leadership handover at a manager of this size is a notable event to track, particularly given King's long association with the firm's flagship strategies.
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