Regal Partners (ASX: $RPL) March 2024 Funds Under Management Update

Regal Partners Limited (ASX: $RPL) experienced a 10% increase in funds under management (FUM) during the March 2024 quarter, reaching $12.1 billion. The rise was attributed to a combination of continued net client inflows and positive investment performance across various strategies.

Executive Commentary on FUM Increase

The increase in funds under management reflects the continued confidence of our clients in our investment strategies. We are pleased with the positive investment performance across our long/short equities strategies, including strong results in global equities and various Regal Funds Management strategies. The decision to shutter Hong Kong-based East Point Asset Management was necessary due to challenging performance and the departure of a seed investor, impacting the FUM within the long/short equities category of 'Other'. We remain committed to delivering strong performance and value to our clients while managing our capital effectively.

Summary of March 2024 Funds Under Management Update

Regal Partners Limited (ASX: $RPL) reported a 10% increase in funds under management to $12.1 billion for the March 2024 quarter. The growth was driven by net client inflows and positive investment performance across a range of investment strategies, particularly in long/short equities. The decision to close East Point Asset Management impacted the FUM within the long/short equities category of 'Other'. The company also announced a reduction in the rebate on management and performance fees for staff capital managed in respect of Regal Funds Management, which could generate additional management fees and performance fee opportunities. Regal Partners aims to continue providing leading alternative investment strategies in Australia and Asia, leveraging its extensive industry experience and networks to deliver value to its clients.