PAC Capital name to be taken off funds, stay on building

PAC Capital will stop using the brand name it placed atop a Sydney office building last year as a declaration of Clayton Larcombe’s ambition to become a major force in funds management.

The investment firm said management of all its retail funds would shift to the Clearwater brand, a little-known fund manager it bought from DMG Partners, a financial advice firm in Sale, Victoria, in 2022.