Fortunately for Anschutz, Oaktree, and Eckert, business began picking up in the second half of 2001. As a result, the restructured Regal was estimated to be worth 1 Regal Cinemas Prepackaged Bankruptcy Disclosure Filing, September 6, 2001. 2 Ibid 3 about $2 billion after the reorganization based on higher cash flow projections. In early 2002, Regal was merged with United Artists and Edwards, and in March 2002 an S-1 was filed with the SEC for an IPO of the new (combined) Regal Cinemas. In early May 2002 the issue was priced at $19/share. The issue was a success and rose to a modest premium in the aftermarket, despite generally poor conditions in the IPO market. Eckert owned 9.2 million shares of the company and Anschutz owned 46 million from the old Regal (he also owned 24million shares in new Reagal as a result of positions in United Artists and Edwards).

Question: What was GSCs compounded rate of return? What was Anschutzs? Which was the riskier investment?