• FUM declined 3.0% to $20.2 billion, with net inflows of $449 million
• Positive inflows in Hedge Funds, Resources Royalties, Credit Co-investments, and Multi-Strategy
• Investment performance detracted $792 million due to market conditions

Regal Partners Limited (ASX:RPL) has reported its Funds Under Management (FUM) and Commitments update for the March 2026 quarter. FUM declined 3.0% to approximately $20.2 billion, with net FUM inflows of $449 million, representing a 2.2% increase in FUM. Within Hedge Funds, positive contributors to inflows included continued support for the PM Capital Global Companies Fund and inflows into the Regal Resources Long/Short strategies, including the successful establishment of a new managed account for a large offshore sovereign wealth fund investor. Across other asset classes, other positive contributors to net inflows included the group's resources royalties strategies, credit co-investments, and the multi-strategy Regal Partners Private Fund. Investment performance detracted 3.8%, or $792 million, from FUM, reflecting challenging market conditions during the quarter as the conflict between US and Iran escalated, driving higher oil prices and interest rates, alongside weaker global equity markets. The remaining $274 million reduction within 'Other' FUM was primarily attributable to dividends and distributions, buy-backs, and the impact of a stronger Australian dollar. As of 17 April 2026, FUM had rebounded to approximately $21.0 billion.