Richard Repetto
Richard Repetto
below estimate guidance higher implies previous
Guidance is below our previous estimate and implies higher expenses.
focus listed strategy
I think the near-term strategy is: focus on getting listed share.
quarter slice strong
A strong quarter pretty much any way you slice it.
controls driven expense improving per quarter rate solid tight upside
A solid upside quarter (was) driven by tight expense controls and an improving rate per contract.
assets average believe decline drove management
We believe year-end redemptions drove a 10% decline in average assets under management to $3 billion.