Isnt the point that Glaucus thinks it's worth maximum $1.5B AUM....

Isnt the point that Glaucus thinks it's worth maximum $1.5B AUM.

I also think their working thesis is the VC/PE arm is worth close to zero.

I agree that they may have closed out majority of their position, but I would also imagine they would strike again once BLA is in the mid 7s. Better to see a deeper fall again fron their perspective.