Philip King joins Australian Fund Manager Hall of Fame
Regal Funds Management’s Philip King recognised for being at the vanguard of the growth of hedge funds for 15 years.
Philip King’s induction into the prestigious Australian Fund Manager Awards Hall of Fame this week is a well-deserved recognition for one of the best in the business.
The chief investment officer and chairman of Regal Funds Management has been at the vanguard of the growth of hedge funds and alternative investments in Australia over the past 15 years.
Now the nation’s biggest hedge fund with $2.4bn under management, Regal has generated exceptional returns for investors through a testing period including the global financial crisis.
Regal’s flagship Atlantic Absolute Return Fund - a long-short fund investing in shares in Australia and Asia - has generated an outstanding annualised return of 34.8 per cent since inception in 2004.
To put that in perspective, $100,000 invested at inception would now be worth over $10m.
Regal has five strategies covering 500 companies in Australia and more than 5000 in Asia, including Absolute Return, Market Neutral, Australian Long Short Equity, Small Companies and Global Equity Income. The Small Companies fund has generated a 33.4 per cent annualised return since 2015.
Yet when it comes to growing funds under management, Regal has been left behind by the likes of Hamish Douglass’s Magellan Financial Group with $92bn under management.
Mr King was presented with the award on Thursday at the annual AFMA charity dinner.
The Australian Fund Manager Awards night is hosted annually and has raised over $2.5m for Odyssey House NSW and the Sydney Children’s Hospital.
Other Hall of Fame members include Hamish Douglass, Chris Kourtis, Catherine Allfrey, Paul Taylor, John Sevior, Rob Patterson, Geoff Wilson, Peter Morgan, Anton Tagliaferro, Paul Xiradis, Robert Maple-Brown, Merv Peacock, Kerr Neilson, Warren McCullagh and Charles Macek.
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