The funds that PIOE operates as indirect wholly-owned subsidiaries do NOT have $5 billion under management
try again
this is directly from you:
Note: 2018's revenues from management fees was $30.56M. This amount can be generated using a revenue rate of about 0.006% times their "average" AUM in 2018 of about $5B ($4B plus $6B divided by 2). That is why I'm using the rate of 0.006% in the calculation above for 2019.