Investors in Regal Partners are no doubt glum with the shock news that lodestar investor Phil King will retire mid-next year. Regal’s share price dived 9 per cent at the market open. The only surprise is it wasn’t more, and that it slowly recovered as the day wore on.But Phil’s impending exit must have caused other parts of the market to shit their collective pants. We are looking at the equity markets bankers from Morgan Stanley, Goldman Sachs, Macquarie Capital, Barrenjoey and so on down. To them, King is the brightest star in their sky.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles