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Regal Partners Global Investments Limited (ASX:RG1)

ALERT: Price-sensitive ASX Announcement for RG1
Current share price for RG1 : $2.510 0.18 (7.73%)+
Announcement
Release
24 Apr 2026 1:32PM
Price at Release
$2.330
Full Release
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Summary
The March 2026 Quarter Update for Regal Partners Global Investments Limited showcases resilient performance amidst volatility. Key gains were driven by semiconductors like Samsung and SK Hynix, as well as TSMC, with additional positive contributions from gold exposures despite late-quarter volatility. Short positions, particularly in March, provided significant value, with examples like Pop Mart capitalizing on diminishing consumer interest. The portfolio was actively repositioned to add financials and gold, exit Glencore, and reinvest in high-conviction stocks such as Apollo and Uber. Currency hedging against the Australian dollar also supported returns. The portfolio remains strategically positioned with low software exposure but is open to opportunities following broad sell-offs, maintaining a positive outlook on hyperscalers and cautious of AI-driven capex and semiconductor supply risks. Currency strategies continue to support the Australian dollar, backed by macroeconomic and commodity trends.
Key Points
  • Semiconductors and gold led gains with Samsung, SK Hynix, and TSMC as notable contributors.
  • Short positions added meaningful value, particularly in March.
  • Active portfolio repositioning included adding financials and gold, exiting Glencore, and investing in Apollo and Uber.
  • Currency hedging provided benefits as the Australian dollar strengthened.
  • Portfolio maintains low software exposure, focusing on opportunities post broad sell-offs.
  • Continued focus on structural and thematic dislocations on the short side.
  • Supportive currency positioning favoring the Australian dollar.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.