3 ms·
Their AUM was around $13B at the beginning of the year. They were short at $20. As was reported, they lost about 53% of that, call it $6B, as GME rose from $20
by fractionalhare 6y ago
Their AUM was around $13B at the beginning of the year. They were short at $20. As was reported, they lost about 53% of that, call it $6B, as GME rose from $20 to $100, which is when they said they closed out. Their AUM wouldn't be able to survive $100 - $200 given their losses going from $20 - $100.