GQG Partners, an investment boutique that manages global and emerging market equities, and Regal Partners, an ASX-listed alternatives investment manager, are bidding to acquire Pacific Current Group, a multi-boutique asset management firm, for up to AUD567m. Pacific, which serially invests in growing asset managers locally, has been the target of a bidding war between Regal Partners and GQG, with shareholder River Capital lobbying for Regal.