To add to previous post on Regal, the revenue numbers I have for Regal are $151M for the last full financial year (source: DNB).
This would put the combined businesses at $233M in revenue, which is not far behind PTM. This is pretty amazing given $5.6B in FUM, it would mean fees (management and performance fees) are at roughly 4% of FUM.
How does Regal sustain these revenues? Believe we will see the details of these numbers soon enough once further financial information is published prior to the merger.
Best of Luck
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