Pinnacle Investment Management Group's (ASX:PNI) sell-off is overdone compared to its affiliate funds under management mark-to-market movements and the possible upside from proposed acquisitions using its already raised AU$180 million capital, said Jarden in a April 16 note.
The research firm sees the total addressable capital that the company's unit Life Cycle could pursue to be about 7 billion pounds to 8.5 billion pounds or AU$14 billion to AU$17 billion, compared to the company's total affiliate FUM of AU$155 billion.
The research firm also noted that Life Cycle's assets under management have grown from AU$1 billion at December 2024 to AU$2 billion currently, according to its website.
Jarden maintained Pinnacle Investment Management's overweight rating and price target of AU$22.05.
The company's shares fell 2% on market close.