Pacific Current Group Ltd (AU:PAC) has released an update.
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Pacific Current Group Limited, a multi-boutique asset management firm, has reported an increase in Funds under Management (FUM) to A$42.5 billion, a 0.8% rise in AUD terms, as of June 30, 2024. The company also successfully sold stakes in three of its boutique firms and partly divested from Pennybacker, resulting in a total cash consideration of US$35.2 million. The strong performance in the June quarter led to A$4.3 billion in gross new commitments, highlighting a robust fiscal year.
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