Pinnacle shares rose on Thursdsay after the multi-affiliate investment management firm reported a jump in performance fees.
Its affiliates chalked up performance fees of $41.9 million in the six months to the end of the month, up from $3 million in the prior corresponding period, as managers such as Hyperion Asset Management, Coolabah Capital and Spheria Asset Management broke through their benchmarks.
Loading...
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
