It's almost certain the paper value of their investments is up - if you drive $4Bn into a market, the prices are going to go up. The question is whether they ca

It's almost certain the paper value of their investments is up - if you drive $4Bn into a market, the prices are going to go up. The question is whether they can actually extract that value from the market. More likely, they now have a decent paper profit but the first sign of movement out of their position will involve a precipitous drop.