For the current fiscal year, we expect an increase of about 2 billion euros in assets under management to 20.6 billions euros.
Total operating income in 2017 is prudently expected to range between 60 and 75 million euros, despite 7 million euros of additional expenses for the further expansion of the worldwide fundraising activities. This compares to an adjusted operating result of 72.2 million euros in 2016. A higher operating result could derive from a higher transaction volume, higher performance fees, as well as income from the deployment of the current cash position of almost 400 million euros.
Further information can be found in the current annual report.