an apology to hfa management, page-6

Thanks for your great efforts Susanne, and for sharing the response.

The irony in this is that their revenue is actually more predictable today than it has been at any time in their history. A portion of their funds are locked up, thus easily quantified/forecast.

My expectation is that we are going to be pleasantly surprised by their half year earnings, and the amount of USD debt that they will have been paid off.

Also, hedge fund flows are apparently picking up in the US, so if Lighthouse should have benefited from the change in US sentiment.

However, all of the above is just a guess given the lack of disclosure.