Overview of Regal Partners Limited and AGM details

Regal Partners Limited (ASX: $RPL) will hold its 2024 Annual General Meeting (AGM) at 10am (AEST) today. The company, with approximately $12.2 billion in funds under management, will have the Independent Chairman, Michael Cole AM, and Chief Executive Officer (CEO) and Managing Director, Brendan O'Connor, presenting addresses and slides.

Chairman and CEO's addresses at the AGM

On behalf of the Board of Regal Partners, Chairman Michael Cole AM warmly welcomed all shareholders to the AGM and expressed gratitude for their support. He highlighted the transformative period in 2023, with significant growth in Funds Under Management (FUM) to $12.2 billion by April 2024, a 17% increase in revenue, and a strong rebound in performance fees. CEO Brendan O'Connor acknowledged the support from shareholders and clients, emphasizing the company's FUM of $12.2 billion across key alternative asset classes. He discussed the acquisitions of PM Capital and 50% of Taurus Funds Management, which contributed to the growth in FUM and diversification of client channels.

Regal Partners' 2023 performance and future outlook

Regal Partners reported a successful 2023, marked by accelerated growth and diversification, with FUM reaching $12.2 billion and revenue increasing by 17%. The company experienced momentum in net inflows despite a challenging capital raising environment. The CEO highlighted the strong performance across a diverse range of strategies and the proportion of performance-fee eligible FUM at or above high-water mark reaching 59%. Looking ahead, the company aims to maintain fundraising momentum, innovate new strategies, and continue investment in distribution, with a focus on organic and disciplined inorganic growth to increase shareholder value.