Bloomberg – Regal Funds Management Pty Ltd., an Australian hedge fund manager with A$1 billion ($1.03 billion) in assets, has started a natural resources fund it forecasts will attract as much as A$200 million from investors betting on rising commodity prices and inflation.
The Sydney-based manager was named Australia’s hedge fund of the year late yesterday by the local arm of industry group the Alternative Investment Management Association for its Tasman Market Neutral Fund. The fund, which bought mining shares and sold borrowed stocks of manufacturing, retail and mining companies, returned 27.4 percent from January through Aug. 30, according to the firm.
