And it did. What we did not foresee was the speed of FUM decline, driven primarily by negative absolute performance of AHL as managed futures struggled in a risk-on/risk-off environment. And that drove degears in our structured products rather than net outflows or negative performance themselves. That of course has had a significant economic impact, which you can see from our results. Given the market backdrop, our plans have accelerated to change the shape and structure of our business to withstand protracted periods of instability. Senior management team here and on our Executive Committee is totally committed to a program of changes to meet these issues head on and united in their focus on achieving each of these steps. What's next for Man Group plc (LON:EMG)? On Monday, investors reacted to the news negatively as Man's stock was down 2.15 percent to $86.60. For the year-to-date, shares are down 30.83 percent.