Affiliate fund managers chalked up performance fees of $41.9 million in six months as the likes of Hyperion, Coolabah and Spheria outperformed benchmarks.
Pinnacle’s founder said he makes no apology for rising investment costs, as they’ll produce “very high future returns”. Analysts are split on the result.
Theme park operator Ardent Leisure’s plan to sell its US entertainment business Main Event could draw out more bidders, according to Barrenjoey’s sell-side analysts.