Page 10 - Pacific Current News Today

Regal has walked away from its bid for boutique asset management house Pacific Current citing frustration with the process, sending Pacific Current shares down 10 per cent.

Months on from submitting its bid to acquire Pacific Current Group, Regal Partners has withdrawn, saying its been "consistently disappointed" in dealing with the fund manager.

Citing consistently disappointing engagement by the Pacific Current board since the initial proposal, Regal Partners has stepped back from what it had previously termed a “transformational growth opportunity”.

In the ultimate view of the Power panel, the sheer size of Commonwealth Bank’s consumer-facing business lifted Matt Comyn to the top of the list.

Pacific Current Group agreed to acquire a minority stake in Avante Capital Partners, a women- and minority-owned private credit and structured equity manager.

As the big money battle for funds management play Pacific Current is heating up, one of the suitors speaks out.

Australian shares are set to edge lower. Wall Street turns cautious as Fed statement and forecasts awaited. Oil fuels higher than expected inflation in Canada.

Regal Partners’ resources royalties fund is rounding up investors for a $50 million capital raising to help bankroll two Canadian deals.

Four of Australia’s top hedge funds gathered in Sydney on Tuesday to share their views on the best and worst sectors to bet on in a turbulent market.

Medibank Private bounces back, Ramsay in a hole, Stockland could use a hand and Regal Partners finds some love offshore.