Following recent announcements of decreases in our funds under management, we are pleased to report Aurora is expected to remain profitable.
This performance is predominantly as a result of continued growth in our higher margin retail funds while the decrease in funds under management was from lower margin institutional mandates. We remain optimistic that our retail funds will continue to grow as investors seek the lower volatility returns that our funds have consistently delivered.
Click to view our actual and estimated quarterly revenue, and changes in retail funds under management.