Updated Aug 24, 2026 – 9.43am, first published at 9.34amPhil King, arguably one of Australia’s top hedge fund managers, will transition to retirement, marking the end of an era for the nation’s equity capital markets.The 61-year-old co-founder of Regal Funds Management will step down in June 2027, more than 20 years after establishing the influential hedge fund that has become a linchpin in capital markets transactions, from block trades to capital raisings to new listings.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles