Funds Raise Millions as Takeover Bets and Cash Concerns Split the Market

• L1 Group fell 6.61% and Regal Investment Fund dropped 6.44% despite confirming upcoming distributions.
• Pacific Current rose 6.24% after rejecting Roc Partners’ proposal and reviewing a separate offer from River Capital.
• Australian United Investment Company lifted underlying profit 19.9% after its merger with Diversified United Investment.
• PM Capital Global Opportunities Fund raised A$172 million, while Gryphon Capital secured A$86.25 million.