Hedge fund Regal trims stake in sliding Cettire (opens original article in a new tab)

Regal Funds Management reduced its Cettire stake by 10.6 million shares, lowering its ownership from 15.3% to 11.45% and realizing significant losses.

• Regal Funds Management sold 10.6 million Cettire shares between June 12 and June 17
• Regal's stake in Cettire decreased from 15.3% to 11.45%
• Regal incurred tens of millions in losses on the Cettire investment