Regal Partners Limited has reported an increase in their Funds Under Management (FUM) for the March 2024 quarter, reaching $12.1 billion. This marks an approximate 10% growth from 11.0 billion at the end of December 2023.
Key Highlights:
Net Client Inflows: The quarter saw positive net inflows of $0.4 billion, bolstered by two new mandates in long/short equities and growing interest in the Regal Partners Private Fund.
Investment Performance: A +7% or +$0.8 billion contribution to FUM growth, particularly strong in long/short equities strategies.
Strategic Decisions: The closure of East Point Asset Management and adjustments in management and performance fee rebates for staff capital managed, which is expected to generate an additional $5 million in management fees annually.
Note: Past performance is not a reliable indicator of future performance.
ASX Code: RPL