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They're leveraged. $140B in assets is not the same thing as $140B in AUM. The article you posted claims AUM of closer to $27B in 2023; unless you think they mad
by f9ad2451 2mo ago
They're leveraged. $140B in assets is not the same thing as $140B in AUM. The article you posted claims AUM of closer to $27B in 2023; unless you think they made $113B in profit without anyone noticing in 2023, your number is certainly too high. Although, to that point, you're posting a number from 2024 - they've certainly grown since then.