Hi All
In the last Financial Report PAC and partners closed CAMG. This is the nature of investing in start up hedge funds/boutiques.
GQG has been a successful start up investment, as we all know.
Now ALTI are joining the capital raise market. This boutique has the potential to grow to billions in FUM over the next few years.
Again PAC is proving that small investments have the potential to contribute to overall net asset value.
If the Capital Raise is a success, this should multiply initial investment by 10 times.
Here is the article in the Wall Street Journal (behind a paywall):
https://www.wsj.com/articles/firm-co-led-by-tiaa-alum-preps-first-offering-for-accredited-investors-39c256bb
Best of Luck
Lost
Exciting ALTI news - kicking of $USD300M FUM raise
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$10.15 |
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Mkt cap ! $523.4M | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.28 | $9.95 | $273.1K | 27.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 146 | $10.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $10.20 | 40 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$10.24 |
Change
0.050 ( 1.19 %) |
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| Last updated 15.59pm 26/04/2024 ? | |||||
| PAC (ASX) Chart |