EFTA Document EFTA01452585

28 January 2014 Brokers, Asset Managers & Exchanges Alternative Asset Manager Initiation Figures 18 and 19 compare our estimates vs. Consensus, with Figure 18 shown on an ENI per unit basis, and Figure 19 shown on a distribution per unit basis (comparable to dividend per share forecasts, as Consensus DE forecasts are not readily available with a sizeable population). The Figures show our estimates for ENI are generally below Consensus, while our distribution forecasts are generally above