Company Interview / A pinnacle first half

Pinnacle Investment Management (ASX:PNI) reports a net profit increase of 151% to $75.7m for the first half of the year. Ian Macoun highlights strong growth, driven by exceptional performance fees from affiliate Hyperion. Hyperion's success adds value, showcasing long-term high performance in their strategies.

Ian shares Pinnacle's global expansion, with $155b in funds under management, and $45b from overseas investors. The company's momentum continues, with strong tailwinds supporting future growth. While optimistic about the RBA rate cut, Ian notes Pinnacle's (ASX:PNI) resilience and ability to thrive in varied market conditions.

The interim dividend is declared at $0.33, franked to 72%. Ian foresees stability in dividends despite international expansion and currency fluctuations. Private markets present significant opportunities, with Pinnacle's (ASX:PNI) earnings already 25% from this sector, and potential to grow to 50%. Ian indicates strategic acquisitions aimed at expanding in private markets.