“When you take into consideration the mix of investment strategies and vehicles/structures and distribution approaches and ownership structures that exist across firms – they are all over the place. Concern about revenues really needs to be on a case by case basis as there are plenty firms (especially private ones) that are perfectly content with +29% margins,” Neil Bathon, founder and partner of Fuse Research Network, writes in an email.
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Article Published on February 7, 2019