Pinnacle nudges five-month high as performance fees rebound
Emma RapaportCo-editor, Street Talk
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...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles