ASIC investigates Sydney fund manager

— 1 minute read

ASIC has launched an investigation into Sydney-based Regal Funds Management, over its trading into certain securities.

The listed fund manager told shareholders it had immediately notified its responsible entity Equity Trustees on Wednesday, which then requested a trading halt on the ASX of two days.

Regal’s share price dropped from $2.75 on Wednesday afternoon to $2.62 on Friday. 


The issue that provoked the probe is unclear, but the fund manager did confirm it had to do with its trading of particular securities.

“As an active participant in Australian equity markets, Regal is subject to scrutiny from regulatory bodies from time to time,” the fund manager stated. 

“Regal’s responsibility to its clients is paramount and it takes its obligations to comply with all laws and regulations very seriously. Regal is cooperating fully with the investigation. 

“The existence of this investigation does not impact Regal’s ability to provide asset management services to its clients.”

Regal was founded in 2004 by brothers Andrew and Philip King.

According to its website, the firm manages a range of alternative investment strategies and performs investment management and investment advisory services to a number of Australian unit trusts and Cayman Islands companies.


ASIC investigates Sydney fund manager
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

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