Amid regulatory probe, shorts took a bite out of this Aussie fund still up 90% YTDMichelle Jones
Regal Funds Management was down 8.3% for October, but it's up by more than 89% year to date, despite October's negative return.
Regulatory investigation revealed
It was revealed late last month that the fund is under investigation by the Australian Securities and Investments Commission. Equity Trustees ordered that ASX-listed Regal be halted due to an investigation by ASIC on "an . . .
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