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.
In range and pasture management related to beef production, an AUM is often defined as the approximate amount of forage that a 1,000 cow with a calf that is less than three months of age will eat in a month. This number based on research is estimated at 26 pounds of air-dried forage per day or 780 pounds per month. Air-dried forage is assumed to be 10% moisture and 90% dry matter. On range and pasture land, forage production that is available to be consumed by a grazing animal is often given in terms of AUM per acre. In continuous season long grazing usually only 25% of total forage production is estimated to be available for grazing.