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Australia's Pinnacle Investment hits near 2-month high after FUM update

By Reuters News

** Shares of Pinnacle Investment Management PNI.AX rise 3.6% to A$15.45, their highest level since September 8

** Asset manager says affiliate funds under management (FUM) rose to A$238.1 billion ($167.43 billion) as of September 30 vs A$229.4 billion as of June 30

** Adds Q1 net inflows totalled A$5.9 billion

** Stock down 10% YTD, including moves in current session

($1 = 1.4221 Australian dollars)

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