Regal acquires majority stake in Attunga Capital
Alternatives investment manager Regal Funds Management has announced the acquisition of a 51% equity stake in the power and environmental commodity asset manager Attunga Capital.
Founded in 2005, Attunga Capital is the trustee and manager of the Attunga Power and Enviro Fund and Attunga Carbon and Enviro Fund, managing a total of $150 million in capital on behalf of Australian institutional investors, wholesale dealer groups and private investors.
Philip King, chief investment officer of Regal, said: “The opportunities available in private and niche capital markets continue to look very attractive to us.
“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.
“We’re very encouraged by the opportunities available to Attunga Capital across their power and energy portfolios, alongside the opportunity to gain exposure to the very exciting Australian and international carbon markets.”
Regal said its long/short equity strategies broadened to ones which sought to generate returns away from public markets and toward more niche private markets and select real assets.
Regal managed about $3.5 billion giving clients access to a selection of hedge fund, private market and real asset investment strategies.
Attunga Capital co-founder and portfolio manager, Helen Longney, said: ‘‘We’re very excited to announce the strategic partnership with Regal Funds Management, a business that is widely recognised as an early pioneer in Australian hedge fund and alternatives investing.
“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.”
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