Australia's Regal Partners gains after raising performance fee revenue estimate

Regal Partners

26/07/2024 04:28

** Shares of Regal Partners  RPL.AX  rise as much as 3.3% to
A$3.77, their highest level since July 17
    ** Investment manager upgrades HY performance fee revenue
forecast to A$59 mln ($38.65 mln) from A$55 mln-A$56 mln
previously expected
    ** Says funds under management (FUM) rose 1% q/q to A$12.3
bln in the June quarter 
    ** Co is scheduled to report its 1H24 results on Aug. 26
    ** Stock up 37.2% this year, as of last close

($1 = 1.5267 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))