Knighthead - richer than we thought? (19 replies)

Since the takeover in the summer, it’s been reported by various media outlets that Knighthead manages a portfolio of assets worth circa $9.5billion.

Example: [www.prnewswire.com]

However, according to their latest annual report, they now manage assets worth $2.4trillion!

Source: [wallmine.com]

From $9.5billion to $2.4trillion seems astonishing. Was Hertz Global not factored into their assets under management until recently?

I’m either missing something glaringly obvious or Knighthead have become significantly more successful since the takeover.