Blog: Scientologist-Owned GPB Capital Admits to Staggering Losses in Latest ADV Filing: AUM at $239 Million; Down from $1.1 Billion in July 2019 - 2020-07-06
July 2019: We reported on GPB Capital Holding's staggering $700 million loss across all of its funds. GPB was forced to issue this new valuation after Fidelity threatened to deplatform the company. Last year GPB Capital Holdings plunged from $1.8 billion to $1.1 billion Regulatory Assets Under Management. The loss was never explained by GPB Capital Holdings in any way.
June 2020: David Gentile, sole manager of GPB Capital Holdings, had his Chief Compliance Officer Aileen Doherty file the SEC-required form ADV on June 30, 2020 showing its Regulatory Assets Under Management (RAUM) as $238,637,198. Scroll down to see the new Form ADV.
According to the June 2020 ADV, therefore, GPB Capital Holdings incurred a mind-blowing $1.078 billion loss in one year. The aggregate losses from GPB's $1.8 billion high now stands at $1,561,362,802!