Sydney, AUSTRALIA – 17 June 2019: Regal Investment Fund (ASX: RF1), the first listed investment trust (LIT) managed by Regal Funds Management, begins trading on the Australian Securities Exchange today.
The investment objective of RF1 is to provide investors with attractive risk adjusted absolute returns over a period of more than five years with limited correlation to equity markets. The Manager’s investment philosophy is grounded in the belief that a diversified portfolio of assets, using a range of investment strategies and backed by long-term capital, is key to achieving superior risk-adjusted returns over the long-term.
The successful ASX debut follows on from RF1’s initial public offering (IPO) which raised over $281 million in May 2019. Regal’s Chief Investment Officer, Phil King, said of the IPO, “we are delighted with this outcome and honoured to be working with a new group of investors. We believe that managing money is truly a great priviledge and and we look forward to a long and successful partnership”.
The RF1 portfolio will be constructed using multiple investment strategies managed by Regal. The Manager may adjust the Portfolio’s strategy allocations depending on prevailing market conditions or other factors it considers relevant at the time in order to achieve the RF1’s Investment Objectives. The Regal investment strategies include but are not limited to five investment strategies that the Manager will use to construct the initial portfolio.
Regal Funds Management is a specialist alternative investment manager with a primary focus on long short investment strategies. The Manager was founded in 2004 and is 100% owned by founders and staff. The Manager employs a team of over 40 people, including 24 investment professionals across its different investment strategies.
Australia’s leading specialist trustee company, Equity Trustees, is the responsible entity and issuer of the Regal Investment Fund.
The Lead Arranger to the Offer was National Australia Bank Limited. The Joint Lead Managers were Bell Potter Limited, Evans Dixon Limited, Morgans Financial Limited, Morgan Stanley Australia Limited, National Australia Bank Limited, Ord Minnett Limited, Shaw and Partners Limited, Taylor Collison Limited and Wilsons Corporate Finance Limited. Seed Partnerships is the Corporate Advisor to Regal, Kardos Scanlan Lawyers were the Australian Legal Advisers to the Offer, and Ernst and Young were the Investigating Accountant and Tax Adviser.