They’re better placed now than they were before, although if markets remain volatile it’s difficult for their AHL fund to perform in that environment and it’d be hard to say if the worst is over for them. We remain positive on their shares.
DAVID MCCANN | NUMIS
The momentum seems to be there in their open-ended products in particular. They’ve tapped into decent amount of demand for open-ended products. For the foreseeable future, that division seems to be doing OK. It’s a confidence game as much as anything, as these are alternative products.
KEITH BAIRD | ORIEL SECURITIES
This signals improving sales momentum that needs to be maintained. Boosted by fund launch in Japan. Outside that still strongly improving sales momentum – I’m optimistic. There is a bit of concern about performance.