Chapter 328: Black Rock Group

After taking a break for more than half a month, I still have to start working again.

The settlement and return of funds for Cersei Capital's 6-10 sub-funds has been completed under the responsibility of Anthony Johnston during this period.

At the end of last year, after closing all positions and settling fees, Cersei Capital had a total of $8.63 billion in funds for settlement.

According to the agreed commission ratio, of the total $8.63 billion, the principal income attributable to Simon was $2.25 billion, and the commission income was $1.96 billion, counting the initial $500 million principal, Simon finally received $4.71 billion.

The Johnston's $100 million investment resulted in a total of $550 million in principal and income.

The share of funds attributable to other investors was $3.37 billion, less principal of $970 million, resulting in net income of $2.4 billion. Although the rate of return is far from comparable to Simon, it has reached 250%, which is more than most hedge funds on the market, and no one can achieve this rate of return under the same size.

As a result, after the liquidation, the $1 billion fund raised by Cersei Capital to Australian investors was sold out on the spot.

The Japanese stock market has slipped from a high of more than 40,000 points to below 38,000 points in recent months, but the Japanese government still insists on not acknowledging the existence of a serious bubble cost in its own stock market. Presumably to support this argument, most of the assets held by Cersei Capital Sub-Funds 1 to 5 remain unsold.

The five sub-fund shells could not be recovered in the short term, and this time they were raised in the name of Sub-Fund No. 6.

Unlike last year, because it intends to operate Cersei Capital for a long time and formally, the No. 6 sub-fund, which is mainly used for hedging operations, has a fixed commission ratio of 20%. As a preferential treatment for existing customers, Australian investors still do not need to pay management fees.

In addition, Simon and the Johnston family invested a total of $1.5 billion, which is a departure from the original plan and an additional $500 million for the Johnston.

The North American side is still raising $1 billion in the plan, just like the Australian side, James Raybould, who is in charge of the matter, only revealed the news, and the subsequent fundraising meeting, the cumulative subscription in North America directly doubled to more than $2 billion.

It's not a good thing that hedge funds are too big and their goals are too obvious.

Therefore, after several discussions, the amount of funds raised in North America is still locked at $1 billion, and James has carefully selected some 'funders' that may be beneficial to Cersei Capital and the entire Westeros system. Of course, for this part of the investment, Cersei Capital will start charging a 2% management fee.

Although the No. 6 sub-fund used for hedging operations could not be scaled up, Simon also let James release the news that Cersei Capital will raise additional funds in the near future, this time for private equity, leveraged buyouts and other alternative investments.

Simon became the richest man in North America from scratch in just three years, and such a miracle of wealth has become a golden sign.

Therefore, although the next fund raising is no longer used for hedging operations, the capital that is trying to subscribe is still endless.

After his vacation in Australia, Simon set off for North America early in the morning of the 16th, passing through not only Janet, but also David Johnston and Leslie Whitter.

Leslie Whitter is returning to Cambridge University on the 22nd to resume classes, and before that, she plans to visit Daenerys Studios to see the office building she was responsible for designing. David Johnston, who is studying for a Ph.D., doesn't have such a standard academic schedule, just accompanying his girlfriend.

After more than a dozen hours of flight, the Boeing 767 arrived in Los Angeles, dropped off David and Leslie, picked up Amy Pascal and Nancy Brill, and set off for New York again.

Due to the time difference, I arrived in New York, and it was still Tuesday afternoon on January 16 on the East Coast of the United States.

Blockbuster's launch date is Thursday, January 18.

Although it was two days in advance, the schedule here was full.

After just a few hours of rest in their Fifth Avenue apartment, Simon and Janet rushed to Raybould's home for an elaborate investor reception with a few of the industry managers they were looking for.

Now that it is about to start the official operation, Janet will definitely not be busy alone.

Moreover, the two have previously agreed that the headquarters of Cersei Capital will be set up in Manhattan, because they are about to get married, and they plan to have a baby as soon as possible, Janet has no idea of full-time, and the mentality of the woman in her bones has been deeply rooted, and she only plans to work two or three days a week, not necessarily in Manhattan, and the rest will be handed over to professional managers.

After a year of operation last year, Janet has selected a team responsible for the operation of the No. 6 sub-fund, and directly gave six of them the status of partners, generously distributing 30% of the equity of the No. 6 sub-fund.

The financial industry is different from the real industry, this industry is basically supported by all kinds of top talents, and if there is not enough profit, talent can easily be poached by other companies.

Therefore, Simon also approved of Janet's distribution plan.

The division of the equity of the sub-fund instead of the shares of the parent company was also the result of the discussion between the two.

As the team grows, there will definitely be other partners joining Sub-Fund 6 in the future, and there will be further development of the next level of sub-funds. However, no matter how the stake is diluted, it will not affect Simon's control of Cersei's capital.

In fact, even for Sub-Fund 6, the parent company, Cersei Capital, adopts the model of separating share voting rights and income rights, and will always retain absolute control over this sub-fund.

The hedge fund's operating team is ready-made, but to unlock other types of investments, a new team is needed.

Simon doesn't have any connections in Manhattan, but James Raybould, who has worked as a financial lawyer for many years, has a very wide range of contacts in this area, and has recently helped Simon find a suitable target.

The evening drinks were very lively.

As soon as Simon arrived with Janet, he immediately became the center of everyone's attention.

Not only is it "Batman: Time to War", which is still strong at the box office recently, but the news of Simon's ten consecutive knockouts at the Melbourne Arena last Saturday was accompanied by a large number of pictures and videos, which detonated the heated discussion in the North American media.

After all, compared to the huge wealth that is usually difficult to feel too intuitively, the impact of strong physical strength is much more intuitive. While ordinary people are talking about it, there are even some top professional fighters who have made half-truths to Simon.

Socializing in the crowd, James Raybould quickly led Simon and the two to a middle-aged man in his thirties wearing rimless glasses.

"Simon, Jenny, this is Lawrence Fink. Lawrence, this is Simon and Jenny. ”

Lawrence Fink, who is currently the head of Blackstone's asset management division, has about $3 billion in funds at his disposal, mainly responsible for mainstream equity and bond investments.

After the premiere of "Batman: Time to War" last time, Simon chatted with Jennifer's best friend Lisa Collins' boyfriend, Frank Walken, and heard that the other party worked under Lawrence Fink, and quickly noticed his boss and asked James to collect information about Lawrence Fink.

Now Lawrence Fink is only the head of a division of the Blackstone Group.

However, Simon knew that more than a decade later, Lawrence Fink broke away from the Blackstone Group and created the Blackrock Group (also known as the BlackRock Group), which is bluer than his old club.

At its peak, the scale of funds under management of Black Rock Group once exceeded 6 trillion US dollars, becoming the world's largest asset management company. Whether it is top technology companies such as Apple, Amazon, and Google, or traditional industrial giants such as General Electric and Walmart, Blackrock Group is one of its top five major shareholders.

Corporate shareholding, in fact, means the corresponding right to speak.

With huge total assets of $6 trillion and a significant shareholder of countless corporate giants, you can imagine how terrifying the potential influence of the Black Rock Group is.

According to James's investigation, Simon is also very satisfied with Lawrence Fink's past resume, and it just so happens that the disagreement between Lawrence Fink and Steve Schwartzman, the founder and CEO of Blackstone Group, about corporate management and fund operation is getting bigger and bigger, and he has intended to break away from Blackstone, and Simon intends to poach Lawrence Fink's entire team.

According to the information provided by James, Lawrence Fink is a very risk-conscious investor and has a cautious personality. Coupled with the information in his memory, Simon is willing to give more autonomy to the other party than the control of the No. 6 sub-fund.

As for funding, this matter is not an issue at all for Simon.

With the capital market's admiration for Simon's golden sign, he could easily raise more than twice the amount of capital that Lawrence Fink now manages to take care of with him.

After a few introductions to each other, everyone quickly found the topic of the recent takeover of the Colombian Savings and Credit Bank by the federal government.

Both parties actually know that this is an interview.

Simon participated in the conversation for a moment, listening to Janet and Lawrence talk about investing in the vultures of the collapsing North American bond market, and gradually lost track of the train of thought, so he simply walked away and handed over the gatekeeping to Janet.

After a few years of getting along, Simon also realized more and more Janet's talent for recognizing people.

It is said to have been inherited from Raymond Johnston.

Greeted by James and some other guests, a figure that surprised Simon appeared in front of him.

Or, two people.

Linda Carter, who wore a black low-cut gown, was holding a middle-aged man, apparently supposed to be her husband.

Without waiting for James to introduce, the middle-aged man enthusiastically stretched out his hand to Simon and said, "Hello, Mr. Williams, I'm Robert Altman." ”

This Robert Ultraman is obviously not the Robert Ultraman of Hollywood.

Simon was not surprised that Westerners were used to having their names renamed, and smiled and stretched out his hand to the other party.

Linda Carter's expression was a little unnatural when she saw Simon, and when he greeted her husband, she still took the initiative to reach over and said, "Hello, Mr. Westeros." ”

The woman obviously pretended not to know herself, and Simon didn't poke it out, complimenting, "Hello, Mrs. Ultraman." ”

Linda Carter knew that Simon was obviously intentional, and some resentment flashed in her eyes, and explained: "Mr. Westeros, I didn't take my husband's last name. ”

Simon said, "Oh, I'm so sorry. ”

"Simon, I heard that Daenerys Entertainment is already preparing a live-action movie of Wonder Woman, maybe Linda can play a cameo role," Robert Ultraman smiled at this time, "You know, Linda is the most popular Wonder Woman." ”

Simon glanced at the woman and said, "Of course, if there is a chance." ”

After a few casual conversations, Robert Altman introduced his work, and he is also a lawyer who specializes in tax avoidance business to assist foreign capital in transferring investment back to the United States.

Simon listened to Robert Altman's explanation, and probably understood why he was so eager for himself. Cersei Capital has hoarded a large amount of money overseas, and Simon is clearly a customer with huge potential.

After chatting for a while, Robert Altman left his business card and invited Simon to dine together at noon tomorrow and walked away.

After the two walked away, James shook his head slightly at Simon and said, "Simon, you'd better not have too much to do with Ultraman, there are many elements of tax avoidance used by this person, to put it bluntly, there is a money laundering nature, and it is said that the IRS has targeted him." ”

Simon nodded, "I don't have that in mind. ”

With such a huge fortune amassed in just a few years, Simon knew that there were definitely quite a few people staring at him. Once he has a flaw, there will definitely be a large group of opponents rushing up. Simon is confident enough to amass a fortune entirely in the form of formal business to not even consider using the unruly sideways now.

After continuing to walk around the crowd, Janet walked back and said to Simon, "It's been negotiated, but Fink doesn't plan to take the team with him, he wants us to buy the shares held by the Blackstone Group so that his business can continue." ”

"What about the Blackstone Group?"

Fink's desire for autonomy and more shares with other partners has grown, while Steve Schwartzman insists on maintaining absolute control of the asset management department. If Fink leads the team to jump ship, all that will be left for Blackstone is a mess. In comparison, by selling the asset management division to us, Blackstone will also be able to generate a certain amount of income, which is a good deal. ”

Simon nodded, and asked again, "Did you discuss an offer with Fink?"

Janet said: "Blackstone now owns 50% of the asset management division, and based on the recent performance of Fink's management, I think the price can be maintained within $100 million, which is very reasonable." ”()

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