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fojcol

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fojcol

Re: Lapbid post# 17093

Monday, 12/10/2018 8:46:43 AM

Monday, December 10, 2018 8:46:43 AM

Post# of 51814
Your mistake is that you took 1% of 7% of 22B. The company's fee is based on total AUM (assets under management), not on profit. Thus, 1% of 22B would be $220M/year, and the total is probably closer to twice that, meaning by the time they have $22B AUM, they'll have revenue in the neighborhood of $440M/year.
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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