Amid regulatory probe, shorts took a bite out of this Aussie fund still up 90% YTD

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. Q3 2019 hedge fund letters, conferences and more 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 undisclosed issue.” Regal management confirmed the probe in a statement. The Australian regulator is examining the fund’s trading in “certain securities.” Trading in Regal Investment Fund was scheduled to resume on Thursday,…