Australian asset management group Pinnacle Investment Management is in talks to acquire stakes in UK and European boutiques as the firm looks to build out its business across the continent.
The group is considering specialist firms in a variety of asset classes it does not yet offer and is currently discussing buyout opportunities with "multiple" investment teams, according to CEO Ian Macoun. Why Capital Group has no time for 'big namestars' Pinnacle, which had $48.7bn in assets under management at the end of 2018, launched into the European market in 2017 with the establishment of a UCITS platform. It operates a multi-boutique system, which it said differs from other comparable models through owning a minority equity stake in each of its majority-staff-owned busin...
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