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  "documentTitle": "AlTi | Investor Presentation Deck | 46 slides",
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  "authorName": "Alvarium Tiedemann",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-10-01 00:00:00",
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  "pageNumber": 45,
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  "notes": "Provides technical definitions for financial terms used throughout the pitch deck.",
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      "text": "Unless otherwise defined, AUM refers to assets on which a business provides continuous and regular billable supervisory or management services. As noted, the AUM of each of the TIG Entities and the Combined Company includes the AUM of the TIG Entities' external strategic managers as we believe including such AUM presents a more accurate depiction of the respective businesses. However, the AUM of the external strategic managers should not be viewed as part of the AUM of the TIG Entities or the Combined Company for regulatory and/or statutory purposes under the U.S. Investment Advisers Act of 1940, as amended.",
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      "text": "Fee Type Breakdown. Advisory fees represent fees recurring in nature, primarily management fees. Incentives fees represent performance/incentive comprised of both carried interest payment on co-investments and annual performance or incentive fees earned from investment management and advisory services or fund management. Other income/fees represent merchant banking advisory fees.",
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      "text": "AUM / AUA of Alvarium includes billable and non-billable assets. Billable assets represent the portion of assets on which Alvarium charges fees; these are assets in which Alvarium is acting in a fiduciary capacity as well as co-investment assets. For the purpose of calculating co-investment assets, Alvarium includes the gross asset value of all assets managed or supervised by operating partner subsidiaries, affiliates and joint ventures in which Alvarium holds either a majority or minority stake. Non-billable assets are exempt of fees. As of June 30, 2022, Alvarium's AUM / AUA is $22.7 billion.",
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      "text": "Assets Under Management and Assets Under Advisement. For financial presentation purposes, total assets under management and assets under advisement (\"AUM / AUA\") of the Combined Company consists of: (i) assets under advisement (\"AUA\") and assets under management (\"AUM\") of TWMH; (ii) AUM of TIG Entities; and (iii) AUA and AUM of Alvarium.",
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      "text": "Economic EBITDA. For financial presentation purposes, Economic EBITDA represents management's view of the underlying economic earnings generated ed by the Company after the recognition of a profit by the Company after the recognition of a profit--share participation in one of the affiliates of the Combined Company.",
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      "text": "AUM / AUA of TWMH includes billable and non-billable assets. Billable assets represent the portion of assets on which TWMH charges fees. Non-billable assets are exempt of fees. They consist of assets such as cash and cash equivalents, real estate, investment consulting assets and other designated assets. As of June 30, 2022, TWMH's AUM / AUA is $28.8 billion; AUM accounts for $18.9 billion and AUA accounts for $9.9 billion.",
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      "text": "AUM of the TIG Entities includes the assets under management of each of the TIG Entities' external strategic managers. External strategic managers are those managers in which the TIG Entities have made an external investment, and the strategies of these managers include Real Estate Bridge Lending, European Long/Short Equity and Asian Credit. As of June 30, 2022 the TIG Entities' AUM is $8.5 billion; internal strategies account for $3.2 billion and external strategic managers account for a combined $5.2 billion.",
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