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Scale is a double-edged sword but fund managers with the right model can make it work. And while other super funds are internalising as fast as they can, Aware Super will never completely abandon outsourced management.
ASX-listed Pinnacle Investment Management reported early in the season, on August 4, as those delivering good news tend to do. For shareholders, the news was very good. For the industry, the implications are even better. Over the next few days, shares in Australia’s largest multi-affiliate manager, which oversees the growth and development of 16 affiliated…