Is this the worst that was predicted. I will take it on longer...

Is this the worst that was predicted. I will take it on longer term view. During this 6 months A$ appreciated by 10%, which hurts FUM and therefore fees. Once the vaccine is distributed US economy will be running at good pace and therefore US$ will appreciate. This will increase management fees as well as performance fee in the future. Hopefully the new investments in the principal business will bring income in the future too. The US portfolio of shares are doing well which can not be seen due to higher A$ at the moment. It is well managed company.