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Investment

Pinnacle profits up amid heightened expenses

Despite heightened expenses of $95.3 million in FY26, reflected by losses from its principal investments, Pinnacle Investment Management (ASX: PNI) saw its net profit after tax (NPAT) surge to over $30 million, with affiliates' funds under management (FUM) also gaining $50 billion, in the 12 months to June end.

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Read more: Pinnacle Investment Management,  PNI,  Ian Macoun,  Pacific Asset Management