Renaissance Technologies

5492.949 - 5519.21 Ben Gilbert

Yep. And David, if you just kind of look at this and do the math, okay, so 94, their AUM was 276 million and they grew 93%. and then their AUM the next year was $462 million, and then they grew 52%. And their AUM the next year was $637 million. You kind of quickly get where I'm going here, which is, oh, they're scaling AUM not by bringing in new investors. Right, it's closed to new investors.