Regal Partners shares lift on 7% FUM increase
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More news: Regal Partners' share price increased in morning trade after the investment manager reported a 7% increase in funds under management (FUM) for the June quarter, as net inflows hit $600 million.
At 11:55am AEST shares in Regal Partners had lifted 3.8% to $2.76, beating the wider finance sector which was down by about 1%.
E&P Capital analyst Olivier Coulon said he expects the stock to "outperform today" in a research note.
What they said: "The strong ending FUM and continued momentum in net flows is a material positive as this will likely drag up [consensus] expectations for average FUM in 2H25 (currently only $17.24m)," Coulon said.
Regal Partners posts quarterly inflows of $600m, FUM lifts 7%
The news: Investment manager Regal Partners has reported a 7% lift in funds under management (FUM) for the June quarter, with net inflows of around $600 million for the period.
The numbers: Regal reported FUM of $17.7 billion at the end of June, up from $16.5 billion three months earlier.
The company also upgraded its estimate for first-half performance fee revenue to "at least $40 million", up from its previous estimate of "at least $35 million", announced on 3 July.
Regal expects first-half normalised net profit after tax to be above $40 million, with average FUM estimated at $17.5 billion for the period.
The context: Regal said the increase in FUM was driven by a combination of continued net client inflows and positive performances across its investment strategies.
The company noted that higher expected performance fees have been spurred by its global long/short equity strategies, including PM Capital's global equities strategy and the recently launched Regal Global Small Companies Fund.
The sources: ASX, E&P Capital research
