Fund Manager Summary on Regal Partners Global Investments Ltd (ASX:RG1)
In January 2026, Wilson Asset Management commented that Regal Partners Global Investments Ltd (ASX:RG1) saw its share price rise 11.8% while NTA grew 6.3%, narrowing the discount to NTA to 9.2% as the portfolio delivered strong gains since May 2025. Across WAM’s prior monthly reports the consensus view is that RG1 provides access to a concentrated, actively managed global long–short equity portfolio and currently presents a discount-capture opportunity after periods of underperformance and discount widening; recent commentary emphasizes a material recovery driven by strong portfolio returns (including contributions from large technology names and select UK positions), increased exposure to Asian markets (Japan and China), and managerial alignment via increased insider holdings and activist interest, while flagged risks include portfolio concentration, event-driven volatility (for example biopharmaceutical trial outcomes), the sensitivity of the share-price discount to market sentiment and rates, and potential governance or liquidity effects from buybacks or activist activity, so investors should monitor NTA versus share price, manager positioning and geographic/sector exposures, corporate actions and changes in substantial holdings as the primary drivers of near-term value and risk.
Commentary From The Managers
There are 5 insights from 1 fund managers regarding their investment in Regal Partners Global Investments Ltd (ASX:RG1) available on Thesis Tracker.
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Updates are made available to members within 12 hours of being released. The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Wilson Asset Management
31 Jan 2026
$2.39
Summary
- Wilson Asset Management believes Regal Partners Global Investments provides attractive access to Regal’s global long–short equities capability and continues to hold because the portfolio has delivered strong returns while the shares trade at a material discount to NTA.
- Strategy: Global long–short listed investment company managed by Regal Partners with a concentrated portfolio of international equities holding both long and short positions.
- Performance since May 2025: Investment portfolio increased by 61.9%, demonstrating strong stock selection and execution.
- January 2026 update: Share price rose 11.8% in January versus NTA growth of 6.3%, contributing to a tightening of the discount.
- Discount dynamics: Share price discount to NTA narrowed from 13.7% at 31 December 2025 to 9.2% at 30 January 2026, reflecting improving market sentiment.
- Investor benefit: Shareholders, including WAM Strategic Value, are benefiting from both portfolio gains and improving sentiment, supporting continued exposure.
- Holding rationale: Maintains exposure to Regal’s global equities capability at an attractive discount to NTA, supporting the decision to remain invested.
Wilson Asset Management
31 Oct 2025
$1.96
Summary
- Wilson Asset Management updates its investment thesis: reports VGI Partners Global Investments' net tangible assets (NTA) increased 4.9% during October 2025.
- Share price movement and discount: share price rose 3.2%, with the discount to NTA widening slightly from 14.8% at end-September to 16.2% at 31 October 2025.
- Strong recent performance (6 months): net portfolio returns of over 35% and total shareholder return (before franking credits) of 31.2% between 30 April 2025 and 31 October 2025.
- Calendar year-to-date returns: company delivered net portfolio returns of over 25% year-to-date.
- Investment stance: Wilson Asset Management notes it continues to hold VGI Partners Global Investments, citing the discount-capture opportunity as a relevant factor in its thesis.
- Insider alignment: New Highland Pty Limited as trustee for the Philip King Family Trust increased its substantial holding, reflecting the founder/CIO's increased alignment with shareholders.
- Activist investor activity: Saba Capital increased its substantial holding to 7.2% of the register during the month.
Wilson Asset Management
3 Sept 2025
$1.70
Summary
- Wilson Asset Management notes a positive turnaround in performance for Regal Partners Global Investments Ltd.
- The fund is seeking approval to initiate a buyback.
- Effectiveness of buybacks in closed-end funds is dependent on strong marketing communication.
- Since April, performance has significantly improved for the investment group.
Wilson Asset Management
30 June 2025
$1.80
Summary
- Investment vehicle: VGI Partners Global Investments offers exposure to a concentrated long/short portfolio of global equities managed by Regal Partners.
- June performance: Share price rebounded 11.5% in June; post-tax NTA grew 6.2% to $2.06 per share (27 June vs $1.94 at end-May); share price discount to post-tax NTA narrowed from 17.0% to ~14.3%.
- Manager position: Wilson Asset Management reports it continues to hold VGI, citing the discount-capture opportunity.
- September updates: VG1 portfolio rose 3.6% in September with broad positive contributions; notable contributors included UK positions Rightmove and Entain, plus exposure to Amazon and Meta (Meta rallied ~10% to new highs).
- Portfolio tilts: The investment manager has increased exposure to Asian markets, particularly Japan and China.
- 12-month track record: The VG1 investment portfolio returned 25.6% over the past 12 months; over the 12 months to 30 September 2024 the share price rose from $1.58 to $2.04 and the discount to NTA narrowed from 15.1% to 6.8%; TSR was 36.2% (39.1% including franking credits).
- Macro view: Wilson Asset Management notes that in a falling interest rate environment investor behaviour may shift toward quality, higher-yielding assets with stable income streams (e.g., LICs and LITs).
- Thesis update summary: Wilson Asset Management updates its investment thesis to emphasize discount-capture potential, recent positive portfolio performance, increased Asian exposure, and macro conditions supportive of quality income-focused vehicles.
Wilson Asset Management
30 Apr 2025
$1.55
Summary
- VGI Partners Global Investments offers an actively managed, concentrated portfolio.
- Portfolio includes both long investments and short positions in global listed equities.
- In April, the company’s share price decreased 6.4%, closing at $1.545 per share.
- Company’s NTA per share remained flat from 31 March 2025 to 2 May 2025.
- Share price discount to NTA expanded from 9.3% to approximately 17.0%.
- This discount reflects investor sentiment following underperformance in March.
- NTA was affected by heightened volatility in global equity markets.
- Recent disappointing performance was influenced by a disappointing clinical trial result from Opthea (ASX: OPT).
- Despite recent challenges, Wilson Asset Management believes the current share price discount offers an attractive entry point for long-term investors.
- This opportunity allows access to the specialist investment team of Regal Partners.
- Investors can benefit from the expertise of Chief Investment Officer Philip King.
The completeness, accuracy or current status of the investments referenced are not guaranteed.
Frequently Asked Questions
Who is investing in Regal Partners Global Investments Ltd (ASX:RG1)?
Fund managers including Wilson Asset Management have invested in Regal Partners Global Investments Ltd (ASX:RG1).
Why do fund managers invest in Regal Partners Global Investments Ltd?
Fund managers invest in Regal Partners Global Investments Ltd to gain access to a concentrated long/short portfolio of global equities managed by Regal Partners. Managers cite recent NTA growth and discount-capture potential as reasons to hold, noting strong portfolio returns (25.6% over 12 months and double‑digit six‑month gains), exposure to names like Amazon, Meta, Rightmove and Entain, and increased Asian exposure. Alignment via founder increases and buyback activity, dividend/franking credit benefits, and prior volatility and underperformance inform the risk‑reward assessment.
What happened to Regal Partners Global Investments Ltd (ASX:RG1)?
Fund managers view Regal Partners Global Investments Ltd as a strong investment opportunity due to its 4.9% increase in net tangible assets and a solid 31.2% total shareholder return over the last six months. The company's recent performance, marked by a notable share price discount to NTA, presents a discount-capture potential. Additionally, increased holdings by key stakeholders and activist investors indicate confidence in Regal's future growth, further solidifying its appeal for investment.
What is the short interest in Regal Partners Global Investments Ltd (ASX:RG1)?
According to ASIC filings, there is negligible or no short interest in Regal Partners Global Investments Ltd (ASX:RG1).
What does Regal Partners Global Investments Ltd (ASX:RG1) do?
Regal Partners Global Investments Limited (RG1, formerly VGI Partners Global Investments Limited) provides investors with access to an actively managed, concentrated portfolio, comprised of long investments and short positions in global listed securities.