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Sounds like most if not all of the outflow for the quarter was...

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    Sounds like most if not all of the outflow for the quarter was from Mesirow which would indicate around 12% of the acquired Mesirow AUM left in the 1st quarter after being acquired. Not a great start although perhaps this will moderate going forward. At least they haven't paid any upfront cash for Mesirow, it's just earn-out based.

    However analysts have been pretty bullish pricing in earnings from Mesirow which may well prove optimistic now.
 
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