Richard Repetto
Richard Repetto
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.
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.
assets average believe decline drove management
We believe year-end redemptions drove a 10% decline in average assets under management to $3 billion.