PAC Capital will stop using the brand name it placed atop a Sydney office building last year as a declaration of Clayton Larcombe’s ambition to become a major force in funds management.
The investment firm said management of all its retail funds would shift to the Clearwater brand, a little-known fund manager it bought from DMG Partners, a financial advice firm in Sale, Victoria, in 2022.
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Aaron Patrick was a senior correspondent at The Australian Financial Review.
