Pinnacle Investment Management: Global delivers performance fee growth

By Scott Murdoch

06 January 2021, 12:00 PM

Pinnicle Investment Management (ASX:PNI) has announced 1H21 performance fees of A$11m (PNI NPAT share), up from a very minor contribution in 1H20 and 1H19 .

We retain an Add recommendation based on the embedded growth in the business (the maturing profile of existing Affiliates and investment strategies) and future optionality from adding new Affiliates.

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