Q2 FY2026 EarningsQ2 FY26 missed consensus significantly across all key financial metrics, with revenue of $58.0M missing the $61.8M expectation (-6.15%) and normalized net income of $0.5M falling far short of the $9.2M forecast. GAAP results were severely impacted by an $18.5M unrealized loss following the decision to wind down the Asian Credit and Special Situations fund. While cost-saving initiatives reduced professional fees by $6.1M YoY, they were insufficient to offset the top-line miss and investment revaluations.