"This means its high fee revenue it earns via managing funds is gone."
From the half yearly investor presentation:
"Long dated contracted funds with no redemption facilities1
— Wholesale investors undertake rigorous due diligence and then invest for the life of each fund (7-10 years)
— Annuity income stream
— Weighted average expiry has increased to greater than 6.5 years (following EIP extension)"
I suspect they will have a little bit of revenue for the next few years!
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