"Regal, headed by former London hedge fund operator Philip King, also recorded a negative 8.48 per cent return for its $179 million Australian Small Companies Fund in that period, a poor performance largely buoyed by the rising share price of lithium miner Galaxy Resources.
The falls in the $250m Tasman fund and the Small Companies fund come as Regal’s largest vehicle, the Long Short Australian Equity Fund, fell 7.37 per cent in the 11 months to November."
Serves them right! I really dislike shorting, especially with a company that is effectively taking on oil and coal with such relatively little power. Can't help but feel a little glee reading this article.
GXY Price at posting:
62.5¢ Sentiment: Hold Disclosure: Held
