Chapter 131: Disappointment (Ask for Subscription)
Yannick's assets are almost entirely internal, and there are a large number of wealthy people among the partners of the energy group who want to take more of the shares.
It took Rich a decade to build a network of the world's most powerful, informal, independent mineral traders.
In addition to this, he is known for his ability to cultivate power at the top. With a single phone call, he can instantly reach diplomats and energy ministers in almost all countries.
Moreover, he was also the coach and godfather of several oligarchic regimes, and in West Asia and Africa, many warlords, as well as opposition forces, underground forces regarded him as a mentor.
In such a partnership company composed of various forces, Yannick left behind high-quality assets, no one wants them at all.
With Richie as a guarantor, Jonas doesn't have to worry about losing money on the trade, only about not having enough distribution.
But it is clear that the other side also took this into account and pushed Fedward out as a middleman, a healthy competition within itself.
Among them, the most inseparable is the relationship and power between Hoffman Investment Bank and the energy group.
The energy group is just a pronoun, in fact, there is no such company, only such a force exists.
Each member of this group has several companies, and these companies watch over each other and form a huge interest group.
But there is no company in which all these members participate.
Among them, the most widely involved is Hoffman Investment Bank, but the number of partners is less than 200.
Yannick has been the asset manager of this force for the past decade.
Yannick has used his ability to invest in finance to become a trusted money manager over the course of a decade, with a growing amount of money under his management.
Much of the remaining funds have been managed by Yannick at a rate of return of more than 30 percent.
This is the main reason why Hoffman's investment bank has more than 10 billion funds.
But now there is another problem, that is, the original funds were managed under the name of Hoffmann Private Bank. A few months ago, Yannick had been reminded by Hannah and Jonas that he would withdraw the funds and re-establish Hoffman Investment Bank.
But the headquarters of Hoffman's investment bank had not yet been renovated, and now Yannick was dead. Moreover, the foundation of this investment bank was laid by Yannick personally, and it has nothing to do with anyone.
Then, at such a time, how to deal with these funds under management of Hoffman Investment Bank is a problem that needs to be considered by many parties.
It is certainly impossible to close the investment bank and return the funds to the partners.
At present, there are at least 2 billion funds in the futures market, at least 2 billion in the foreign exchange and futures markets, and there are more industrial investments and equity investments in the name of investment banks.
Investment banks now manage more than $10 billion in capital, but they have less than $2 billion in reserve funds in their hands, and none of these investment projects can be withdrawn at any time.
However, it is no longer Yannick Management, and whether to continue to use the name Hoffmann Investment Bank, the transfer of various asset management rights, and the change of personnel are all very complicated issues.
Because of the complexity of this issue, this item will not be dealt with until the end, and the first thing to deal with is some assets that are intended to be transferred.
Today's banquet is not large, but there are many people with heads and faces, most of whom are partners or their representatives who are interested in buying Yannick's assets.
In addition to them, the main ones are the three teams of Hoffman Investment Bank in London, as well as the auditors.
Osberg knew that Jonas was attending such a formal business place for the first time, and he was afraid that Jonas would be ugly and timid, so he kept following Jonas and reminding him from time to time.
However, Jonas behaved unexpectedly, and as long as he introduced the other person's identity, Jonas was always able to talk to the other person in the attitude he thought was most appropriate.
Regardless of what kind of big man the other person is, or just a representative, Jonas behaves very appropriately.
It's not at all like a newcomer, but like a veteran who has long been familiar with such an occasion.
Others felt the same way, especially Bennett. He had been keeping a close eye on Jonas's performance, seeing that Jonas was able to talk and laugh with a large oil merchant and, in turn, be humble with a stock agent.
Although he has not seen Jonas's abilities, he is indeed a genius when it comes to receiving people and things.
In a drinking party, it is actually very difficult for a person to quickly find his or her own position.
This not only requires rich experience, but also requires a person to have a detailed analysis of the overall situation, and it also requires superhuman emotional intelligence.
A leader's IQ can be low, but a person with low EQ, no matter how high his IQ is, cannot be a leader.
Before the reception, Jonas had already agreed with the representatives of the seven parties for a private meeting, and within two days, his time was full.
Fedward played a good role as a middleman, pulling the supply and demand sides together and taking an unbiased position.
Regardless of his professional talents, at least in terms of dealing with people, he is still very trustworthy.
Although it is only a small drinking party, in many details, you can also see a person's ability.
He, the general manager, is still very competent.
Of course, in Bennett's opinion, Fedward is a fool.
Yannick's sudden death, Benny, who was originally proud of his talent and only believed in Yannick, was unexpectedly ostracized.
He was the youngest, and his qualifications and prestige were not enough.
He is the most professional, and the groups he leads are often the best performers.
However, many times, he was inevitably a little frizzy and aggressive, and if it wasn't for Yannick's gatekeeping, several of his investments would have almost failed.
Now, Yannick has died, and he has become a son of heaven and a courtier. He was ostracized, and his group members were unsettled.
In just ten days, more than half of the twelve people under his command have wanted to change jobs, and most of the investment business in his hands, except for a few that need them to continue to follow up, has also been withdrawn.
In his mind, Feward was a jealous fool who turned the good things Yannick had started into a sluggish and infighting.
After the reception, in Jonas's room, Bennett complained about Fward's for at least half an hour, resentful of the injustice he had suffered.
Jonas listened patiently to his complaints until he was finished, then he said, "In your eyes, Fedward is a fool, but in my eyes, Fedward is a manager with super communicative skills.
Have you ever wondered why he would have the support of so many partners to become the general manager of an investment bank if he is really as stupid as you say?"
Bennett paused for a moment. "Because he's good at sycophancy, he can maintain a good relationship with everyone. ”
Jonas shook his head with a smile and asked, "Do you think Macridge and Pingcasgreen are really that easy to fool?"
Bennett frowned and asked, "Do you also think that Fedward is suitable to be this general manager?"
Jonas said, "I don't know much about him, so I can't give you an answer. But I think that the fact that someone as proud of my dad recognized him as his deputy and that he was able to get the approval of many people in the partnership proves that he is not exactly what you think. ”
Bennett pondered for a moment before he spoke, "Jonas, I always thought we were all geniuses, but I didn't expect you to think of him even more. ”
Jonas shook his head and said, "Putting aside this definition of genius for a moment, why do you think you are being ostracized?
Jonas has already seen that Bennett is an excellent person with a high IQ and a high level of professionalism, but some arrears of emotional intelligence.
Such a person is a double-edged sword, if used well, it can create huge returns, but if it makes a mistake, it may poke a big basket.
Financial investment is a very risky industry, and most people will not and dare not use people like him.
Jonas hesitated, not knowing whether to use him or not.
If it was the nineties, Jonas would certainly use him without scruples, because when he knew history, he knew more about the oil industry and the financial industry in the nineties.
In the 80s, except for the appreciation of the yen after the Plaza Accord in 85, Dongying's economy took off for a few years, and after entering the 90s, it completely declined, and he did not know much.
It is very risky to hand over a huge fortune to him to operate.
So, without thinking about it, he decided not to recruit him for the time being.
This disappointed Bennett, who had thought his attitude was already obvious, but Jonas didn't seem to see it.
Let him offer to take refuge, and his pride will not allow him to do so.
Big deal, change companies later.
After Bennett left, Osberg sent several of his subordinates away, and the only two of them were left in the room before Jonas was completely relaxed.
"Uncle Osberg, how am I doing today?"
"It was surprisingly good. Osberg asked curiously, "You have been interested in Bennett since the beginning, why have you given up on soliciting him now?"
"Perhaps now is not the right time, and what the Hoffmanns need now is stability, not radical development. I'm not sure I'll be able to control Bennett like my dad does. ”
Osberg pondered for a while, nodded and said: "Your decision is correct, although I admire Bennett very much, I still can't accept his investment style, maybe I'm old." ”
"No, it's a result of different standards of investment return expectations, private banks, which have a 10 percent return a year, and everybody is satisfied. But in investment banks, a return of less than 10 percent is not going to be satisfactory to all. ”
"So what should the investment bank do?
"I'll talk to Wolf about this when I get back to Zurich. ”