Rob Luciano, the founder of Australian hedge fund firm VGI Partners, is taking a ‘sabbatical’ from the business one year after his firm completed a merger with Phil King’s Regal Funds Management, according to a report by the Financial review.
The combined, ASX-listed group, operates as Regal Partners but has retained the VGI name on several funds including two listed products. The report cites unnamed sources as saying that Luciano is expected to inform investors in the two funds of his decision to take an initial three-month break via webinar.
VG1 Global Investments, the largest of the two listed funds has delivered a net portfolio return so far this year of 17.2%, while its shares are up 17.7% since the start of January.
According to the Financial Review, it remains unclear whether Luciano will return to Regal after his sabbatical.
