The closest equivalent to "AUM" for a company like that would be the market capitalization, not cash reserves, so over 1.5 trillion. Then again, shareholders u

The closest equivalent to "AUM" for a company like that would be the market capitalization, not cash reserves, so over 1.5 trillion. Then again, shareholders usually have less risk tolerance with companies than investors with hedge funds, so the two aren't really comparable either. (But I assume your 1% number is for more risk-averse funds? Hedge funds regularly make much bigger bets than that)