Hungry Regal ready to pounce on fund managers’ pain
Regal declared its intention to play a leading role in the relentless consolidation within Australia’s funds management sector that could see the ambitious ASX-listed investment manager triple in size.
The alternative manager’s growth ambitions were laid bare after it lobbed a bid, alongside private equity, for much larger rival Perpetual in November and nearly spoilt the 137-year-old wealth manager’s controversial merger with Pendal.
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