Regal Funds Management's Amazon Market Neutral Fund has continued recent impressive returns with a positive performance of 6.28% after all fees for June, bringing YTD performance (since January 2008) to +14.97%, against the ASX200 which recorded a monthly decline of 7.8% and a decline of 17.1% YTD.

Understandably profits were made on the short side (+12%) particularly in the Financial sector, whilst long positions lost 5% in total.

Amazon, a Cayman based Market Neutral fund open to wholesale investors only, returned +32% in 2007, and 42% in 2006 for an annualised return post all fees of 34.43% since inception in September 2005. Investing mainly in Australia, with some opportunistic positions mainly in Europe, Amazon does not invest in emerging markets.

Regal Funds Management was established by Andrew King in January 2004 following experience with local boutique manager Paradice Investment Management.