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Regal Partners Global Investments Says Semiconductors, Gold Lead Portfolio Gains in March Quarter

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Regal Partners Global Investments (ASX:RG1) said semiconductors and gold led gains in its investment portfolio during the March quarter, with Samsung, SK Hynix, and TSMC among the top contributors, according to a Friday filing with the Australian bourse.

The company added positions to financials and gold, and its gold exposures contributed positively despite volatility late in the quarter, per the filing. It also exited Glencore and redeployed capital into high-conviction ideas such as Apollo and Uber.

Regal Partners said its short positions were a tailwind, especially in March, while hedging to the Australian dollar yielded benefits as the currency strengthened over the quarter.

"The portfolio maintains low software exposure, selectively targeting opportunities following broad sell-offs," the company said.

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