Regal Partners lifts inflows, eyes growth opportunities
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The news: Investment manager Regal Partners has lifted its net inflows so far this year and is considering growth opportunities to add further scale or expertise to the business.
The numbers: Regal’s assets under management has risen to $12.2 billion at the end of April, with net inflows of $400 million in the first four months of 2024, CEO Brendan O’Connor told shareholders at its annual general meeting on Thursday.
Regal shares were trading 0.6% lower at $3.12 each in early trading.
The context: Regal doubled its funds under management to $11 billion in 2023, boosted by the acquisition of rival PM Capital and a 50% stake in Taurus Funds Management in November. The investment manager was formed in 2022 through the merger of rival hedge funds Regal Funds Management and VGI Partners.
O’Connor said on Thursday the recent inflows were largely driven by the company’s long-short strategies and included a couple of significant institutional mandate wins.
He noted that Regal continued to monitor a range of opportunities to add additional scale or expertise to the business, which could include smaller bolt-ons as well as larger transactions.
Potential alternative segments include private equity, real estate and infrastructure, in which the firm is currently not operating.
The source: ASX announcement
