VGI Partners Ltd. (AU:RPL) has released an update.
Regal Partners Limited reported a significant 10% increase in Funds Under Management (FUM) to $12.1 billion in the March 2024 quarter, driven by robust net client inflows and positive investment performance, particularly in long/short equities. The growth, however, was slightly offset by the closure of East Point Asset Management and changes in other investment categories. The company also announced a reduction in rebates on management and performance fees for staff capital, potentially increasing annual management fee revenues by $5 million.
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