Pinnacle’s funds under management ruled off the financial year at a record $110.1 billion as its assets jumped by 20 per cent and the manager attracted new money from offshore investors.
The multi-affiliate investment firm booked $9.9 billion in net inflows in the 12 months to June 30, with international investors accounting for the majority at $7 billion, it reported after the closing bell on Thursday.
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com