Gray will succeed Winestock in joining the Committee comprised of the companyâs 12 most senior executives. In his new position, the 51-year-old Gray will join UPSâs Management Committee, comprised of the companyâs 12 most senior executives.
Assets Under Management (AUM) Assets under management (AUM) refers to the total market value of investments managed by a mutual fund, money management firm, hedge fund, portfolio manager, or other financial services company. AUM generally changes according to the flow of money into and out of a particular fund or company.
Such an understanding can help in determining stocking rates to produce the maximum returns without causing damage to the available grassland resources. By definition, the AUM is the amount of forage needed by an âanimal unitâ (AU) grazing for one month. The quantity of forage needed is based on the cowâs metabolic weight, and the animal unit is defined as one mature 1,000 pound cow and her suckling calf. It is assumed that such a cow nursing her calf will consume 26 pounds of dry matter (DM) of forage per day (20 lbs for the cow and 6 lbs for the calf).