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    Manu Roberts

    Research Analyst at TD Cowen

    Manu Roberts is Vice President of Equity Research at TD Securities (USA) LLC, specializing in equity research analysis for North American markets. He has played a key role in providing analytical coverage for leading firms, previously having worked at Lehman Brothers, Inc. His career began prior to 2008 at Lehman Brothers, and he later joined TD Securities, where he has since advanced to his current role, demonstrating strong expertise in investment research and market analysis. Roberts holds recognized professional credentials relevant for equity research and maintains a reputation for thorough and diligent industry coverage.

    Manu Roberts's questions to Bridge Investment Group Holdings (BRDG) leadership

    Manu Roberts's questions to Bridge Investment Group Holdings (BRDG) leadership • Q3 2024

    Question

    Manu Roberts, on behalf of Bill Katz, asked how the high concentration of institutional inflows in Q3 would impact the future outlook for transaction revenues and management fee rates.

    Answer

    CFO Katherine Elsnab explained that a greater shift toward institutional investors typically results in slightly lower management fee rates and a smaller contribution from transaction fees as a percentage of total revenue over time. CEO Jonathan Slager added that while transaction fees will grow from their current low base, the changing investor and fund mix means they will constitute a smaller portion of the overall revenue profile compared to periods like 2021.

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