Pacific Current Group Ltd (AU:PAC) has released an update.
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Pacific Current Group Ltd reported a strong financial year with funds under management (FUM) climbing to A$42.5 billion, marking an 18% increase, alongside a 24% growth in underlying net profit after tax (NPAT) due to revenue growth and controlled expense increases. Significant asset sales, including exits from several boutique investments, have positioned the firm for potential capital returns and future growth initiatives. The company also anticipates substantial cost savings from FY25 as it benefits from the externalization of its investment management.
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