Shares climb; banks rebound, Pinnacle jumps, uranium stocks rally

Pinnacle defies active management blues to hit $100b

James Thomson

Ian Macoun, chief executive and founder of Pinnacle Investment Management, says he’s occasionally been accused of failing to stop and celebrate key moments in the firm’s 17-year history.

So, he’s promised to stop and smell the roses after hitting an impressive milestone: $100 billion in funds under management.“We’ll have a quiet little celebration and then we move on because, in one sense, it’s just a number,” Macoun tells Chanticleer shortly after the release of Pinnacle’s first-half profit result. Ian Macoun says Pinnacle delivered a credible fundraising result in a tough environment. David Rowe The firm has stakes in 15 affiliate fund managers , including Hyperion, Plato, Coolabah Capital, Firetrail, Metrics Credit Partners, Spheria, Antipodes and Five V, and provides them with capital, shared infrastructure and distribution. Read the full story here. 11.14AM Property warnings hammer banks on three continents Bloomberg New […]

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