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Phil King to Retire from Regal Partners After 20 Years, Leaving a Legacy in Australian Markets

AI summaryPhil King, co-founder and chief investment officer of Regal Partners, announced his retirement, effective June next year, after 40 years as an investor. The news triggered a 9% drop in Regal's share price, reflecting his pivotal role in Australian capital markets, where he built a $21 billion funds management business and became known for his contrarian bets and sharp market insights.

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