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Pacific Current Group Ltd ( (AU:PAC) ) has issued an update.
Pacific Current Group Limited reported an increase in Funds under Management (FUM) to A$30.0 billion as of December 31, 2024, marking a growth from A$28.3 billion in the previous quarter. Despite a decrease in USD-denominated fund managers’ FUM due to asset realizations, an AUD-denominated fund manager saw a 7.3% increase mainly from market revaluations. The company’s exits from Carlisle Management Company and Banner Oak Capital Partners marked significant movements. While fundraising weakened in the December quarter, improvements are expected in the latter half of the financial year. The relationship between boutiques’ FUM and economic benefits to PAC varies based on fees, ownership interests, and unique economic terms, cautioning against simple extrapolation of results based on FUM trends.
More about Pacific Current Group Ltd
Pacific Current Group Limited is a global multi-boutique asset management firm. It focuses on providing value to shareholders, investors, and partners by leveraging strategic resources, such as capital, institutional distribution capabilities, and operational expertise. The company has investments in eight boutique firms globally.
YTD Price Performance: 1.23%
Average Trading Volume: 5,750
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $384.9M
See more data about PAC stock on TipRanks’ Stock Analysis page.
