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Now, I'd like to turn the call over to Christa for her thoughts on our financial results and long-term outlook for continued shareholder value creation. In summary, our strong financial results in the quarter and year to date reflects strong operational performance driven by our Aon United strategy and our Aon Business Services platform.
And all our historical backers, shareholders, they actually kept on supporting the business. We were lucky enough to have Temasek backing us as early as 2016. We never sold a single share on the occasion of the ’60s. RITHOLTZ: You guys only allowed a small piece to go public, right? CHABRAN: Yes, that’s right.
It can be even a change in regulation or in market, where suddenly volatility picks up and the interest of bondholders and shareholders are at odds. Before that, 2016, the energy crisis, same. It can be a bankruptcy, but it also can be an M&A event. It can be an LBO. And that’s really what made the job absolutely thrilling.
billion was 7% higher year over year, driven by the impact of higher markets on average AUM and higher performancefees. Fourth quarter and full year performancefees of 311 million and 554 million, respectively, increased from a year ago, reflecting higher revenue from liquid alternatives and long-only mandates.
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