In the business private room of the United Nations Club Tea Restaurant, Chen Leilei, Ye Jun, and Zhan Peizhong are talking.

"Mr. Zhan's 1% fund management fee and 1o% profit commission, this condition already belongs to the treatment of the top-level investment manager, don't you have to consider it again?" Ye Jun reported the conditions discussed with Chen Leilei to Zhan Peizhong.

Chen Leilei added: "We have decided to ask you to be the main person in charge of the fund, and the initial size of the fund is about 500 million US dollars, of which at least 400 million US dollars will be invested by you, which means that your annual salary is at least 4oo yuan." ”

Zhan Peizhong was still unmoved, his face was like still water, and he looked at Ye Jun and Chen Leilei with a proud gaze, and said flatly: "Mr. Ye and Mr. Chen, I have a question I want to ask the two of you. I'm just an ordinary person, how can you judge that I have such a big ability to operate a fund of 500 million?"

Ye Jun said: "Huaxia Zhan of Xiangjiang once called for wind and rain in Xiangjiang, and participated in the blockade of Soros and other consortia in 97, can't you judge your ability based on this?"

Zhan Peizhong smiled faintly and said: "Since you have investigated my identity, you should know that I just won a lot of money in a Macau casino, and I am not optimistic about the stock market in the next two years." ”

He smiled self-deprecatingly and continued: "And we don't have any friendship, if you give me a very ordinary position, only responsible for a single field of analysis work, I think it's reasonable, but you want me to be in charge of the overall operation of such a large-scale fund, to be honest, I think it's a trap." If you tell me what exactly you want me to do, maybe I'll take the risk to help you, but if you just say I'm responsible and don't tell me the real reason, then I won't take your boat. ”

Zhan Peizhong's eyes shot a fierce light, and then he continued: "You have spent so much effort and given me such generous conditions, it is obvious that this is not just because of my ability. I'm just wondering why you have to put me in charge of this fund?"

Chen Leilei showed an apologetic expression and said: "Mr. Zhan is sorry for not telling you the truth, but after all, as you said, our friendship is still shallow." ”

Zhan Peizhong showed a faint disdain and said, "I just want to know why you want me to be in charge of such a large-scale private fund now. ”

Zhan Peizhong's attitude aroused Ye Jun's dissatisfaction, and he said with a little tough attitude: "We want to ask you to be in charge of the fund, there is no other reason, it is because of your ability, you don't have to worry so much. ”

Zhan Peizhong was a little angry when Ye Jun choked on him, and said sarcastically: "You have spent so much effort to date me, can I not worry about it?"

Chen Leilei saw that the atmosphere was not right, and said sincerely before Ye Jun spoke: "Mr. Zhan, I solemnly apologize to you, no matter what the reason is for the loss and inconvenience caused to you, I will be fully responsible for you in my personal name." ”

Zhan Peizhong saw that Chen Leilei's attitude was very sincere, and his attitude became calm, he looked at Chen Leilei and said: "I have already said that I will not pay attention to the previous matter, I just want to know why you are looking for me to operate private funds." In all fairness, there is a great opportunity in front of me, and I would love to go back to the fund circle. But I always felt that this opportunity came too easily, and it seemed to be mixed with something else...... If you ask me to take any risks or commit any jealousy, I am not impossible, but I must know what I am doing. ”

Chen Leilei said sincerely: "To be honest, our fund is a little special, to be precise, it is somewhat nationalized, so we need a capable compatriot to be responsible for the operation of the fund. In the current circle, you are the first person among the Chinese fund managers, and we will try our best to cooperate with you. That's all we have to say about you, and nothing else you think. ”

Facing Chen Leilei's frankness, Zhan Peizhong nodded with relief, and a trace of interest appeared on his face, and asked: "Is your so-called nationalization also like George Soros's quantum investment company, donating most of the money you earn to some countries in Eastern Europe to help those countries build an open society?"

Chen Leilei affirmed: "We will do more thoroughly than him, and our goal is to establish a large fund that can revitalize Huaxia." ”

Zhan Peizhong smiled faintly and didn't speak, because he felt that the goal of using 500 million to revitalize a country was really outrageous!

But Chen Leilei did not have the slightest shyness, and still insisted: "We sincerely hope that you can join our fund and go to the overseas market to do a great job together, setting off a storm led by Chinese people." ”

Zhan Peizhong saw Chen Leilei's confidence and sincerity and said: "Your invitation is very sincere, I am grateful. But there are some things I must warn you that if you speculate on the operation of funds with the purpose of making waves in the market, then your $500 million will probably come to naught under the impact of trillions of funds around the world. The operation of hedge funds is actually a speculative gambling behavior, and the higher the goal, the greater the risk beared. If you really want to go overseas to engage in funds, I advise you to make a steady 500 million fund, and make some stable investments, and the income will be expensive. ”

Chen Leilei saw that Zhan Peizhong wanted to cooperate a little, and smiled slightly and said: "Mr. Kong won't hide from you, that in this 500 million fund, at least 400 million is the private property of me and Mr. Ye. If we only want to use this money to make some stable investments, we will definitely not choose investment funds, since we have chosen investment funds, we just want to do it in a hurry. ”

Zhan Peizhong wanted to persuade again, but Ye Jun spoke first: "Mr. Zhan, our decision was made after careful consideration, and it is by no means an imaginary act as you imagined. What we say now is superfluous, let the future speak for itself. ”

Ye Jun's words carried more weight than Chen Leilei, and Zhan Peizhong could hear that Ye Jun's words implied that they had special chips to go like this, and asked thoughtfully: "I want to know what kind of field your fund wants to operate in?"

Listening to Zhan Peizhong's question about the substantive question, Chen Leilei guessed that he was already quite interested in cooperation, so he happily replied: "Our initial idea is to set 400 million of the 500 million US dollars as a macro hedge fund, looking for opportunities in the global stock, futures, foreign exchange, and interest rate markets, and then use 1o times or even more than 2o times of leverage to invest ......."

Before Chen Leilei finished speaking, Zhan Peizhong smiled first, and said in a slightly disdainful tone: "I don't know if you know that the most aggressive hedge funds have not used this kind of leverage to impact those so-called opportunities. You must know that with such a high rate of leverage, as long as there is a very small error in judgment, it will definitely bring disaster. Running a fund in this way is like walking a tightrope, and if it is not even a little bit of a broken bone, there is no possibility of saving it at all. ”

Chen Leilei smiled slightly and said in a terrible tone: "Mr. Zhan, you may think I'm making a fool, and I don't want to explain anything more: I lost a mere 400 million." ”

Hearing Chen Leilei say this, Zhan Peizhong stopped talking. In his heart, no matter what kind of mentality the person who said such things was, if he could say such things so indifferently, this person was definitely not an ordinary person. Zhan Peizhong is also a guy who likes to gamble, just like Chen Leilei admires his courage to gamble, he also appreciates Chen Leilei's courage.

Chen Leilei continued: "Throw away the 400 million, and the remaining 100 million will be set up into two parts, one of which will be invested in a conservative way, and the other part will be set up as a venture capital fund to support some potential enterprises." Mr. Zhan, we ask you to be in charge of the operation of the 400 million highly speculative fund. So far, I've basically said all you need to know, and now I'm left with the last condition. ”

Zhan Peizhong asked Chen Leilei: "What conditions are left?"

Ye Jun took over and said: "The only condition is that the highest decision-making power of fund investment must be in the hands of the largest shareholder, that is, him, Chen Leilei. ”

Zhan Peizhong was a little puzzled and asked, "You mean that you decide how to operate the fund?"

Chen Leilei explained: "It is not up to me to decide, but I have the right to choose and deny investment, and you are responsible for the specific analysis work and how to operate, and we are discussing with each other to operate the fund together." ”

Zhan Peizhong said in his words: "It's not that we are discussing with each other and operating, but that you are standing at a height and giving me guidance, and I want to analyze according to your orders, right?"

Ye Jun saw that Zhan Pei was arrogant and said coldly: "That's right. ”

Chen Leilei said calmly: "Mr. Zhan, don't misunderstand, it's not me who gives you guidance, but I will put forward some opinions, I hope you can continue to study in that direction, if it is feasible, you can also refuse, if it is feasible, you can also refuse; on the other hand, you also have the right to choose the direction of investment, and I am also qualified to veto your choice." To put it bluntly, it is a two-person complementary sovereign fund, but one thing I must say is that I want to have more power. ”

Zhan Peizhong just wanted to speak, Chen Leilei resolutely said: "This is the only condition we put forward to you, if you think you won't agree, then our meeting can end here." ”

What Zhan Peizhong wanted to say was choked back by Chen Leilei, pondered for a while, and suddenly asked: "You have investigated my background, you should know about the collapse of Jianing Company, right?"

Chen Leilei and Ye Jun both nodded.

Zhan Peizhong breathed a sigh of relief, as if he had changed into a different person, restrained all his arrogance, and said lightly: "What I am talking about now is not to exonerate myself, nor to show off for myself, what I am saying now is the truth." It is rumored that I made the decision that led to Jianing's collapse back then, which is slander. At that time, I was indeed in charge of Jianing's investment decisions, but the decisions were made by Mr. Chen Songqing, the head of the company, and he was the one who carried out the so-called supreme decision-making power, which led to the collapse of the company. If Mr. Chen Songqing had listened to my advice back then, not to mention reaching the peak, he would have maintained a very high state for at least a long time......