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10:26
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Originally posted by Jimmy_C
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I find it bizarre and a little negligent that Glaucus' team of experts didn't spend an hour pulling up the disclosures of other ASX-listed alternative asset managers to check whether "assets under management" is generally defined as gross assets (including debt) or equity (excluding equity). In my experience and understanding, it's usually the former. I suspect Glaucus' lack of understanding here stems from them being US-based - in the US the latter definition is usually used.
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Any thoughts on valuation? As we may see a few running for the hills!?
