Regal Partners Limited (ASX:RPL) Reports $18.0bn FUM in December 2024
Fourth Quarter Performance
Regal Partners Limited (ASX:RPL) has reported a significant increase in Funds Under Management (FUM), reaching $18.0 billion as of December 31, 2024. This represents a 4.6% rise from the $17.2 billion reported at the end of the September 2024 quarter. The growth is attributed to robust net inflows and a positive investment performance.
During the fourth quarter of 2024, Regal experienced net inflows of $720 million, marking a record quarter for the company. Notable contributions came from Taurus Funds Management and Kilter Rural, with the former receiving over $100 million from a US State Pension investor. Regal also highlights a binding commitment of an additional $200 million from the investor, yet to be included in the reported figures.
Annual Growth Insights
Throughout the 2024 calendar year, Regal’s FUM surged by approximately 64%. Excluding acquisitions made in July 2024, FUM still grew by 25% year-on-year. Total net inflows and commitments for the calendar year reached around $2.1 billion, reinforcing a record-breaking performance for Regal.
Regal Partners’ long/short equities strategy saw an impressive inflow of $1.1 billion for 2024, supported by both existing funds and new mandates. The company also reported a strong interest in its Regal Partners Private Fund, contributing to a diverse and robust asset base.
Future Outlook
Regal anticipates providing further insights into its performance during its upcoming 2024 results announcement scheduled for February 26, 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.
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