28 January 2014
Brokers. Asset Managers & Exchanges
Alternative Asset Manager Initiation
(Figure 48: CD Global Markets Strategies Segment Income State nent Forecasts
INCOME STATEBIRO 2012 1013 2011 3013 4012E 7013E 1016E 2014E 3044E 401 2014E 2015E 2016E
SegmentRetenue:
Fundladles raerme
Red rronagonsil ten 237 2 663 738 667 673 273 1 676 693 712 727 2607 3065 4245
Ft.146011041C/V Na,MI 25 0.2 05 01 0.1 09 01 02 02 02 0.7 08 08
Transacicn Na. nd 36 01 01 02 01 01 01 01 06 05 05
Taal Foe Neese 3432 665 744 666 675 274 2 677 696 711 731 2819 3067 4259
Parbmonce law
Reese] 1124 24.1 179 68 175 663 113 129 116 142 110 600 713
(21 2) 61.3 Z30 (136) 276 101 3 69 74 79 86 306 387 526
TOY wrowarc• Na 912 644 839 (781 451 1666 191 203 215 227 836 986 1239
Inveso-nanl mon (kW
Rend 131 1.9 122 20 29 190 21 22 23 25 9.1 63 II 5
livedzed 96 5.1 (1191 32 2.9 (821 42 44 46 61 164 253 233
140109440r4411exaneOces) r 227 70 03 62 67 182 63 66 69 76 275 316 347
Bifrost BM Me mare 23 1.1 I5 07 07 r 40 0.5 08 09 09 13 37 38
ToW rovensvo ' 3594 1410 117.1 530 1181 sal 93.9 97.3 1015 101.3 3963 440.6 5513
Spahr evenolt
Coop and bentas
Orecl base cower/46m 863 25.7 249 236 198 910 196 204 209 214 826 697 1266
hdrect tee wrong:1w 21 3 4.6 55 46 91 240 91 94 97 99 311 414 675
Ewer beam carpernalos 02 0.4 06 06 1.5 1I 15 16 16 16 6.3 69 96
Ftrtatre-cot tea Sew,
Rettged 462 9,7 67 as 70 242 49 52 54 57 21.2 210 235
Untealited (8 4) 6.2 96 31 110 299 17 30 12 31 122 IS 5 210
16401 peowence199449191 376 169 163 39 180 511 713 II 16 9.1 315 394 496
Tel cam aol Dwelt r 1466 466 473 327 laill 1752 381 394 408 42.0 1603 1775 2412
Gee*.Bast 'e. 4 otate next expenses 406 95 195 178 IS 7 566 190 192 194 196 77.1 It 0 909
°toreador 6 ereeleallen expense 35 1.2 I I 12 1.0 46 1.0 1.0 1.0 1.0 4.0 4,0 4.0
Metal tone 45 t5 21 21 2.0 77 10 10 2.0 20 60 5.0 10
ToW expense. 194.2 66.0 70.0 118 70.2 253.0 661 61.6 eito MA 2414 276.6 344.1
114049 Uri* re Economia 119i Income (614) 1612 104.0 47.1 161 as 2161 310 351 37.6 317 1469 Hal 3140
Soter• <own repro en0 Oftesthe cant
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