Pacific Current Group Ltd (AU:PAC) has released an update.
Pacific Current Group Ltd has reported an increase in Funds under Management (FUM) to A$50.6 billion, up from A$50.1 billion in the last quarter, with significant cash proceeds of A$257.3 million realized from the sale of GQG Partners shares. Despite the mixed performance with a decrease in USD-denominated FUM, the firm has already secured A$3.2 billion in new commitments, moving towards their annual target. The company highlights the complexity of FUM’s relationship to economic benefits and advises against making simple projections based on FUM trends.
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