Earnings PerformanceThe modest miss in adjusted EPS was due to weaker contributions from Power Corp's alternative platforms and a larger negative impact from consolidation entries.
Investment LossesWeaker contributions from Sagard and Power Sustainable were noted, with both asset management and investing activities experiencing losses.
Structural ChallengesThe reorganization of Power Corp simplifies its structure but increases reliance on GWO and IGM, making it challenging to achieve constructive NAV growth.