fyi: actual H2 FY23 (most recent) expense base:
almost $90m in expense costs for the MOST recent half! Doubt this will drop to $50m as you allude.....that would be a $40m turnaround half on half.
the only leg room is the expenses related to strategic initiatives which may provide relief of $10-15m...
Ann: Funds Under Management and Performance Fee Update - Dec 2023, page-8
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