The New Zealand and international thoroughbred industries are mourning the loss of Michael Wallace, who passed away in the United States on Saturday night.

Yulong have made high profile bloodstock investments all over the world and while they have a US trained miler headed to Royal Ascot in Carl Spackler (IRE), they have another currently racing in North America and Raging Torrent carried their colours to victory at a rain soaked Saratoga to win the Group I Metropolitan Mile (1m).