ASX Announcements
Update - Dividend/Distribution - PNI
Dividend Record Date, Dividend Pay Date, Dividend Rate, Dividend Reinvestment Plan
- Sep 16, 2024
- 5 pages
Corporate Sustainability Report
Corporate Governance, Sustainability/Climate Action Report
- Aug 1, 2024
- 44 pages
This Month
Five V Capital bets on lower mid-market with $325m Frontier Fund I
The pitch rests on three claims: smaller deals have outsized returns; fewer funds scan this end of the market; and Five V has proven its mettle in mid-market.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August
Pinnacle funds under management hits record $110b
The multi-affiliate investment manager recorded a 20 per cent jump in assets in 2023-24, with international clients accounting for the bulk of net inflows.
- Joanne Tran
July
Royal London equities hotshot Peter Rutter finalises Pinnacle deal
Rutter’s Australian clients were, this week, told the new shop has been christened Lifecycle Investment Partners, and should be up and running by end of the year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Antipodes Partners to acquire rival fund manager Maple-Brown Abbott
The nine-year-old Antipodes would oversee $18.6 billion in assets after the acquisition.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Dutch giant APG tips $384m into Palisade Real Assets’ UK platform
In tandem with wooing APG as an investor, Palisade Real Assets’ BioticNRG platform has signed two acquisitions in the past fortnight.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
Pinnacle in talks to back Royal London equities hotshot Peter Rutter
Pinnacle Investment Management is close to snapping up Royal London Asset Management’s high-profile head of equities Peter Rutter, who has just lobbed his resignation, to set up a new funds management house.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
Metrics tips into RealtyAssist raise; takes over the board
Start-up private debt lending isn’t always neat, as RealtyAssist’s flash funding round shows.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Former Pinnacle execs rule off first deal, 30pc stake in Evidentia
It’s off to the races for Scarcity Partners, a firm set up by former Pinnacle Investment Management executives with the goal of buying up minority stakes in fund managers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Metrics kicks off Asia roadshow for $6.8 billion debt fund
Sources said the non-bank lender is seeking increase its debt facility after ruling off a placement for its ASX-listed master income trust.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Pinnacle defies active management blues to hit $100b
Ian Macoun won’t celebrate Pinnacle hitting $100 billion in funds under management too loudly – it’s still tough out there for active managers.
- James Thomson
January
Pinnacle nudges five-month high as performance fees rebound
Affiliate fund managers chalked up performance fees of $41.9 million in six months as the likes of Hyperion, Coolabah and Spheria outperformed benchmarks.
- Emma Rapaport
December 2023
Firetrail bulks up investment team
Street Talk can reveal the Pinnacle boutique has nabbed Peregrine Capital portfolio manager Matthew Thomson.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Managed funds
The ‘alpha’ edge: three fund management success stories
With the advent of the $3.5 trillion in compulsory savings via superannuation, Australia has become a breeding ground for some of the best investment talent on the planet.
- Christopher Joye
Palisade kicks off $1b raise for renewables platform Intera; eyes $7b
The platform is in the same vein as Igneo Infrastructure Partners’ Atmos Renewables and Macquarie Asset Management’s newly announced Aula Energy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2023
Ex-Pinnacle chiefs hunt for fast-growing fundies
A new private equity fund says a lot of money can be made from backing good fund managers that are early in their journey.
- Jonathan Shapiro
Pinnacle-backed wealth platform OpenInvest seeks buyer pre-Xmas
Sources say the platform is in ongoing discussions with a handful of interested parties.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
Small caps a ‘no-brainer’, says Firetrail’s Hodgens
The investment veteran says the smart money should get ahead of the bigger players and buy into small caps that are cheap and primed for growth.
- Jonathan Shapiro
August 2023
- Opinion
- Earnings season
The one thing almost everyone got wrong about profit season
We all know that interest rates have gone up a lot. Yet analysts struggled to forecast how much that will hurt corporate profits now and in the future.
- Updated
- Jonathan Shapiro
Macquarie has its eye on Metrics’ falling profit margin
Pinnacle has a 35 per cent ownership interest in Metrics, which has about $15 billion in funds under management.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July 2023
Pinnacle claims $55m in second-half performance fees
The fund manager is entitled to gross fees of $54.8 million in the June half, but warned times are tough for wealth managers.
- Updated
- Vesna Poljak