Pinnacle founder Ian Macoun insists the ASX-listed investment manager is not overly reliant on the stellar returns of its growth-minded stock pickers at Hyperion which powered the group to a $75.7 million half-year profit.

Pinnacle, which owns minority stakes in funds management boutiques and takes a cut of their earnings, said its firms raked in a record $110 million of performance fees in the six months to December 31, 2024.