Regal Partners Limited (ASX:RPL) Reports Record FUM Growth
Record FUM Growth
Regal Partners Limited (ASX:RPL) reported significant growth in funds under management (FUM), reaching approximately $18.0 billion as of 31 December 2024. This represents a 4.6% increase from $17.2 billion reported at the end of September 2024. The company achieved around $0.7 billion in net inflows during the December quarter, along with a binding commitment of $0.2 billion from an offshore investor. This brings total net inflows and commitments for the quarter to $0.9 billion and approximately $2.1 billion for the calendar year, marking record figures for both periods.
Performance Fee Outlook
For the 2024 results, Regal Partners estimates recognition of about $25 million in performance fee revenue for the six months ending 31 December 2024. This projection takes total performance fees for the calendar year to around $85 million. Performance fees for the second half of 2024 were influenced by a variety of investment strategies and mandates, primarily including the Regal Investment Fund (ASX:RF1) and Regal Partners Private Fund. The company will provide further details on flows and FUM in its upcoming updates planned for later in January and the full 2024 results on 26 February 2025.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.