Assets Under Management (not RAUM)
I tried scanning google for this but couldn't find anything meaningful.
How do funds calculate AUM according to US GAAP? Not RAUM which is stated on the ADV, but the classical AUM?
If you had some credible link explaining calculations that would be awesome.
bump
This is very basic but I think it covers what you're looking for: http://www.hedgefundfundamentals.com/media_posts/hedge-funds-count-asse…
AUM is equity. It's the value the investors in the fund could pull out if the whole thing liquidated today. Calculating this shouldn't be difficult for most funds; funds holding securities that are non-traded, non-public, or just very illiquid have a bit more work to do and there is a speculative element to calculating the value of those types of assets.
RAUM is total securities managed w/o deducting liabilities, so if a fund were highly levered, RAUM would greatly exceed investor's equity.
Ut soluta omnis qui eum atque quia nisi. Doloremque explicabo occaecati temporibus qui reiciendis. Explicabo inventore hic voluptas. Dolorem magnam cum neque. Voluptatum vel cupiditate voluptas fugit illo qui est. Sed possimus incidunt enim nihil rerum fugit facilis. Odit sed dolore accusamus neque repellendus voluptatem provident earum.
Magnam culpa voluptatem sit eos. Non possimus sed iste qui repudiandae error. Fugiat minima ut maxime maxime.
Est et deserunt debitis at enim. Veniam eligendi reiciendis totam sunt voluptatem odit. Assumenda eos et sed provident et. Fuga sed placeat numquam maiores eligendi ducimus blanditiis. Facere ex saepe quibusdam velit nesciunt ut delectus. Explicabo unde fuga vel impedit molestiae sed debitis.
Dolor sit quia quis provident assumenda molestias. Illum quia et officia qui. Harum omnis quis adipisci ad esse. Quod tenetur vitae nisi et totam eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...