assets under management

“As AUM rises, the opportunity set tends to fall. So as you gravitate towards larger managers, that larger capital base acts as a constraint on the opportunity set itself. So there's a sweet spot. That sweet spot might be measured in a small billions or a high …”

“And if all I need is a two X on the portfolio, you should go to an established firm that's been around for a long time and has billions of dollars under management because they have the highest certainty of getting you there. If you're sitting there and thinki…”

“And the first two, while they're about deterioration, the last one, liquidity deterioration, is about being in business. And it's the only fatal one of the three choices. And so, for example, I've yet to see a manager that has experienced a significant liquidi…”

“One of the things we see is that of the 71 trillion dollars of assets under management, this number is unbelievable. Only 1.3% are from diverse owned firms. 3.9% of mutual funds are diverse owned. 8.9% of hedge funds and 1.2% of real estate funds.”

“So we're two billion dollars in AUM, our five percent Target is roughly a hundred million dollars. So half of that, fifty million dollars is what we took out.”

“So Aries today is about 2600 people. We have 30 offices. The rough breakdown today is about 700 in New York, 700 in L.A. And about 400 in London. And then the balance are either folks out originating new deals or looking for clients. 360 something billion of A…”

“In this environment where distributions have almost been at historic lows compared to assets under management”

“The secondary market is around two percent of outstanding AUM.”

“I've come to view the money management world as really being subdivided into firms that are looking to find their way into the AUM Hall of Fame and others that are looking to find their way into the Returns Hall of Fame. And those are very different sets of in…”

“Those 15 firms, which is .2% of the universe that we track, controls about 20% of the AUM. If you go down just two more rungs that go level seven to level 10, those 700 firms control 90% of the capital.”

“We're about five hundred billion of AUM today.”

“We certainly don't have an AUM goal. That's not the business. Our goal is on the incentive side.”