the key & relevant bits:
1. retail (highest margin) still exiting at a consistent rate
2. perf fees immaterial - an active manager that cant even outperform their index across ALL mandates...
3. Avg FUM has fallen a further -32%!!!! Where will NPAT land for H1??
the BB (ca$h), only saving grace here.
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- Ann: Funds Under Management and Performance Fee Update - Dec 2023
the key & relevant bits:1. retail (highest margin) still exiting...
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