| ▲ | JumpCrisscross 20 hours ago |
| > By July this year he was said to be overseeing as much as $45bn Does anyone know if this refers to AUM or the gross size of his positions after leverage? |
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| ▲ | u1hcw9nx 20 hours ago | parent | next [-] |
| $45 billion was AUM. The leverage was 4x or 5x of that and highly concentrated. Citadel bought $16 billion public portfolio with 10% discount. |
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| ▲ | JumpCrisscross 20 hours ago | parent [-] | | > $45 billion was AUM Do you have a credible source specifically claiming this? I want to know whose data they're looking at. (Specifically, I want to unpack how they're marking their private positions.) |
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| ▲ | kgwgk 20 hours ago | parent | prev [-] |
| AUM. Oversee: to be in charge of how an amount of money is invested or spent. |
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| ▲ | JumpCrisscross 20 hours ago | parent [-] | | > Oversee: to be in charge of how an amount of money is invested or spent No. "Oversee" can refer to the gross or net position. If I raise $10bn and use that to buy $100bn in assets, I absolutely control and thus oversee the latter. | | |
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