Advisors failing to disclose that advertised gross performance
results did not reflect deduction of advisory fees and that client returns would be reduced by such fees and other expenses.
Measuring performance to capture the specific state of the SCADA system, not merely gross performance
metrics, such as CPU, random access memory (RAM), input/output (I/O) and network use.
Dubai Creek's Scratch Match Play champion Paul King also scored a net 71, but he was awarded the prize for the best gross performance
for the second consecutive month after his fine round of one-over par 72.
Marking its first full year of operation, the Daman Second Emirates Fund posted overall gross performance
returns of 23.
Although third member Forbes, playing off five, did not figure in the individual prizes, his two gross rounds of 77 - without a six on either card - was the best Kenil-worth gross performance
, and put him in 12th place out of a field of 58 of the best juniors in the county.
The gross performance
indicators of PES have shown improvement over time, which suggests that essential changes within the PES have occurred.
The best gross performance
of the day came from up-and-coming Creek talent, 12-year-old Rayhan John Thomas, who played some wonderful golf to produce 35 gross stableford points.
He carded 83-16-67 and was clear of Tony Britton, the Bronze Division winner, with 96-25-71 and David Rowe who embraced a best gross performance
in his 77-5-72.
However, excellent gross performance
will continue to be sustained by the highly profitable nature of the niche lines underwritten.
Net performance matters more than gross performance
With the successful completion of the sale, the gross performance
fees to GPM are approximately $12 million and for IAM this represents a net contribution before taxes of approximately $6 million.
Three Months Best Worst Ended Percentage Percentage Percentage March 31, of Gross Performance
Performance 2003 Sales (a) (a) (in thousands, unaudited) Gross sales $5,130 100.