Regal Partners (ASX:RPL) said that its funds under management came in at AU$16.53 billion in the March quarter, down 8.3% compared with AU$18.02 billion in the previous quarter, according to a Wednesday filing with the Australian bourse.
Net flows over the three months to March 31 came in at AU$149 million, with a negative investment performance of AU$540 million.
The company's shares fell nearly 8% in recent Wednesday trade, reaching an all-time low.