Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Lithium

43.33

(0.09%)

Gold

2,800.10

0.04%

Copper

4.35

(0.17%)

Oil

68.90

(0.29%)

Bitcoin

72,289.87

(0.06%)

FTSE 100

8,159.63

(0.73%)

Nikkei 225

39,023.00

(0.4%)

Dow Jones

42,141.54

(0.26%)

Iron Ore

103.65

0.13%

USD/AUD

0.66

(0.06%)

Hang Seng

20,380.64

(1%)

Pacific Current Group (ASX: $PAC) reports decrease in quarterly FUM

October 31, 2024
Author: Stock Piper

Pacific Current Group updates FUM for September 2024

Pacific Current Group (ASX:PAC), a global asset management firm, announced a decrease in Funds Under Management (FUM) from A$42.5 billion to A$41.5 billion for the quarter ending September 30, 2024. Despite the overall decrease, USD-denominated fund managers saw a 1.4% increase due to market performance. The company's Ownership Adjusted FUM increased from US$8.8 billion to US$9.0 billion during the same period.

Pacific Current Group's strategic outlook

Pacific Current Group reported a 2.2% decrease in FUM, attributed to market revaluations and distributions. The USD-denominated fund managers showed a 1.4% increase, while Ownership Adjusted FUM rose to US$9.0 billion. The company aims to leverage its diverse boutique portfolio and maintain strong fund-raising capabilities. Tier 1 boutiques are expected to drive significant pre-tax earnings, while Tier 2 boutiques continue to diversify the portfolio. Future strategies include adapting to currency fluctuations and optimizing economic benefits from boutique partnerships. The strategic sale of interest in Victory Park Capital Advisors is expected to impact future financial results.