What caused DM's EPS to miss forecasts in Q2 2024?

The EPS of DM in Q2 2024 missed forecasts due to several factors: 1. **Portfolio Composition and Market Conditions**: The portfolio of DM is characterized by alternative strategies and asset classes, which can be sensitive to market conditions. In Q2 2024, the market conditions might have been challenging, impacting the performance of certain assets in the portfolio and thereby affecting the EPS. 2. **Liquidity and Valuation Challenges**: DM's assets are reported to have low liquidity, which poses risks for the fund's valuation and ability to meet redemption requests. This liquidity risk can lead to valuation uncertainties, potentially impacting the fund's income and profitability, thereby its EPS. 3. **Management and Operational Efficiencies**: The performance of DM is also influenced by the strategies and operational decisions made by the fund management. Any misstep or inefficiency in this regard can directly impact the fund's financial results, including the EPS. In summary, the EPS of DM in Q2 2024 was likely affected by a combination of challenging market conditions, liquidity issues, and management factors, leading to a miss on EPS forecasts.