Phil King’s $21 billion investment powerhouse Regal Partners has blamed a tough 12 months of poor performance on rising interest rates and the Australian sharemarket largely being left behind in the global artificial intelligence trade.
Regal’s Australian-focused hedge fund has tumbled 18.9 per cent in the year to the end of September, underperforming the S&P/ASX 300 Accumulation Index by a whopping 21.28 percentage points.
Loading…