Regal Funds Management has announced it has acquired a 51 per cent stake in power and environmental commodity asset manager Attunga Capital.
According to Regal, Attunga Capital has delivered attractive risk-adjusted returns across a range of nice asset classes throughout its history including power and energy markets, environmental commodities and carbon and renewables markets.
The firm was founded in 2005 and currently manages $150 million in capital on behalf of institutional investors, wholesale dealer groups and private investors through the Attunga Power & Enviro Fund and the Attunga Carbon & Enviro Fund.
“The opportunities available in private and niche capital markets continue to look very attractive to us,” said Regal Funds Management chief investment officer Philip King.
“These are areas of the market that have the ability to generate very attractive risk-adjusted returns, while also providing portfolios with less correlation to traditional asset classes and often lower volatility.”
Regal noted that it had expanded its strategies in recent years to include more strategies that aim to generate returns away from public markets and toward more niche private markets.
It currently manages over $3.5 billion for investors through its hedge fund, private market and real asset investment strategies.
“We have long held a high regard for the incredibly experienced investment team at Attunga and the performance outcomes they have generated for their investors for over 15 years,” said Regal Funds Management CEO Brendan O’Connor.
“We’re very excited to partner with the team going forward and to continue our strategy of providing clients with access to attractive, uncorrelated and niche sources of investment returns.”
Attunga Capital portfolio manager and co-founder Helen Longney said the firm was excited to partner with Regal.
“The opportunities now available to Attunga Capital through access to the Regal network will be significant and we look forward to continuing to deliver strong, uncorrelated returns for our investors going forward,” she said.
