Good afternoon, gentlemen. Thank you for taking the time to appear and congratulations on your appointment.
I just want to digress for a moment to thank the analysts for the outstanding work they do before each meeting. I take my hat off to them and thank them. Their work allows us to be well prepared to welcome all the witnesses we meet. Given the many intensive sessions we have had, the committee’s analysts have often worked impossible hours, and I want to highlight their work. We are very grateful to them.
Gentlemen, are your net assets indeed $539 billion? Very well.
According to your new calculation method, the cost of management is $7.9 billion. Is that correct? I’m talking about the total cost profile.