Asset manager Pacific Current Group (ASX:PAC) has announced the sale of its interest in London-based institutional investment firm Goodhart Partners.
Pacific Current Group will receive £1.68 million for the transaction.
This marks the end of a nine-year investment which began in April 2009.
The sale back to Goodhart includes its founders, Alan Bartlett and Peter Taylor and its management team.
Pacific Current Group President of North America Peter Greenwood says the company appreciates the partnership with Goodhart and the work of its founders and team to build up the company.
Shares in Pacific Current Group (ASX:PAC) are trading 0.26 per cent higher at $7.68.