Pacific Current Group to Monitor Investment in Abacus Global Management, Shares Fall 5%

MT Newswires Live

06-05

Pacific Current Group (ASX:PAC) said it will continue to monitor its investment in Abacus Global Management and that it was aware of a media article published by Morpheus Research regarding the firm on Wednesday, as well as the firm's response, according to a Thursday Australian bourse filing.

Pacific Current currently holds securities in Abacus Life.

Abacus Global said it consistently produced positive realized returns in its response to a "false and misleading short attack."

Pacific Current Group's shares fell 5% in recent trading on Thursday.

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