Hi I am currently looking to diversify some of my portfolio into...

Hi I am currently looking to diversify some of my portfolio into australian agriculture, PrimeAg has caught my eye for a number of reasons. Mostly from a macro economic view, but also from a technical and fundamental level.

In conducting my research I have come across a recent announcement that Regal Funds Management Pty Ltd, who I know are a highly respected hedge fund manager backed by Ascalon Capital.

There are a couple of thing I would like some clarity on;

a) Is this a new position for Regal Funds Management?
b) Are the shares held in one of Regal's funds they manage or is this a principal investment that Regal hold on their own Balance sheet?
c) In 3. of the Form 603 it is mentions that 'Regal Funds Management Pty Ltd has a relevant interest in its capacity as Responsible Entity and under various Investment Mandates', assume just means they have similar interest and this does not mean that PAG are acting as RE for PAG or the Agri Fund?
d) Any other thoughts on Regal investment rational here

I'd appreciate any comments anyone may have.

Many thanks...