Support for the merger means the two companies will trade as one ASX from Friday under the name Regal Partners.
VGI Partners and Regal Funds Management will trade as one on the ASX from Friday after shareholders agreed to the deal late last week, giving investors exposure to the enlarged, home-grown hedge fund manager.
Phil King and Rob Luciano cemented the union of Regal Funds Management and VGI Partners during long summer walks on Manly beach.The vote on Friday followed the company’s annual general meeting in which Mr Luciano weathered prolonged sparring from David Kingston, a former investment banker and activist investor, who has pushed for changes at one of VGI’s listed portfolios.
“We gather here today to celebrate the death of the listed VGI controlled by Rob Luciano,” he said, according to prepared remarks seen by. “We don’t celebrate death often, but the end of the VGI nightmare is welcome.”Mr Kingston has pushed to change the structure of VGI’s larger listed portfolio, VGI Partners Global Investments, from a listed investment company to a vehicle that would allow investors to redeem their holdings at their full value.
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