Pacific Current Group reports FUM growth

Company News

Pacific Current Group Limited (ASX:PAC) has reported a 56 percent growth in total funds under management to $47.4 billion in the March quarter.
The asset management firm attributed the growth to the acquisition of an interest in Aperio in January.
Pacific Current Group noted the Australian Dollar appreciated against the US-Dollar during the three months to 31 March 2016, negatively impacting total funds under management by $1.4 billion.
The company said net inflows across the PAC boutiques totalled $520 million.
Pacific Current Group recorded a net loss of $10.04 million at 31 December 2015.

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