Here are Sale’s quick comments on eQ’s Q2 results 
Although the numbers in eQ’s Q2 report published this morning fell slightly short of our estimates, the overall tone of the report was positive. Sales to private equity (PE) funds performed slightly better than we expected, and in addition, the company generated significant cash flow from PE performance-based fees. The company’s strategy continues to move in the right direction, but the problems in real estate funds are creating significant headwinds. Preliminarily, we see only minor needs for forecast adjustments.