Shares in Regal Partners rose more than 9% to a four-month high on Friday after the specialist alternative investment manager provided an update on earnings and fee revenue.
Regal upgraded its performance fee revenue estimate for the first half of 2025 (H1 FY25) to at least A$40 million (pre-tax and on a normalised basis) from its previous estimate of “at least $35 million” announced on 3 July 2025.
The company said it also expected that normalised net profit after tax (NPAT) in the six months ending 30 June would be at least $40 million, compared with $59 million in the previous corresponding period.
Shares in Regal (ASX: RPL) rose 24 cents (9.02%) to $2.90, capitalising it at $982.72 million, after trading between $2.66 and $2.93 and having fallen 23% over the last year.
Regal is scheduled to release its H1 FY25 results on Monday 25 August 2025.
The company said funds under management (FUM) increased 7% to $17.7 billion in the three months ending 30 June or, if including additional non-fee-earning commitments, FUM and commitments rose 5.5% to $18.9 billion over the quarter.
“The increase in FUM was driven by a combination of continued net client inflows and positive investment performance across a wide range of investment strategies,” Regal said in an ASX announcement.
Net inflows in the quarter were about $600,000, driven by a range of funds and asset classes, including the PM Capital global long/short and enhanced yield strategies, Taurus Funds Management’s mining finance fund, Merricks Capital credit strategies and co-investments and the unlisted multi-strategy Regal Partners Private Fund.
Positive investment performance of almost $1.0 billion contributed 5.8% to FUM growth, reflecting favourable returns across a wide range of strategies, but particularly strong performance in the Long/Short Equities and Multi-strategy asset classes.
