And what does selling a stake in his firm tell us
$19bn is gross assets, including some debt (~$2.3bn) so AUM closer to $16.7bn. Doesn't make that much difference though.
Sounds right.... the valuation he is selling at is phenomenal. High valuation for an asset management company with markets at fairly high valuation versus short rates is amazing deal for him. Great salesman
In 2006 a lot of money managers went public
Is Ackman marking the peak?
He is a smart guy
$19bn is gross assets, including some debt (~$2.3bn) so AUM closer to $16.7bn. Doesn't make that much difference though.
Sounds right.... the valuation he is selling at is phenomenal. High valuation for an asset management company with markets at fairly high valuation versus short rates is amazing deal for him. Great salesman
In 2006 a lot of money managers went public
Is Ackman marking the peak?
He is a smart guy