** Shares of Regal Partners RPL.AX fall as much as 9.5% to A$1.71, their lowest level since October 31, 2023

** Stock marks biggest pct loss since March 27

** Investment manager posts total funds under management of A$16.53 bln ($9.84 bln) as of March 31, down from A$18.02 bln at December-end

** RPL down 53.3% YTD, underperforming a 9.2% drop in ASX 200 benchmark .AXJO

($1 = 1.6793 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com))