Regal's Amazon and Tasman Market Neutral Funds fell -1.26% and -4.15% respectively in October against a backdrop of a fall of 14% in the ASX, as long standing short positions continued to work well in the weak overall market. However, positive performance from the short positions in both funds was not sufficient to offset one long position which fell over 50%.
Regal Funds Management was established by Andrew King in January 2004 and manages four funds. The Amazon Fund was established in September 2005 and has an annualised return of +21.69% since inception, while the Tasman Fund was established in May 2007 and has an annualised return since inception of +12.39%.
