Chapter 243 Phoenix Semi-annual Financial Report (II)

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"At present, there are a total of three divisions under the Thunder Fund, as well as a subsidiary. They are 'Solomon', which focuses on precious metal investment and futures, 'Unicorn', which focuses on bonds and the stock market, 'Centaur', which focuses on the stock market and takes into account the money market, and 'Descendant Capital', which is a subsidiary.

"Children and Grandchildren Capital, Thunder Fund holds 80% of the shares, headed by Michael Barry, currently has a capital of 278 million US dollars, established in early 2001, and has achieved an impressive result of 31.27%, surpassing the Dow Jones index and beating the market!"

"Centaur Division, Head of John Lusmi...!"

As soon as Guo Shouyun's words fell, the eyes of everyone present focused on Lao Lu Simi, who participated in the meeting.

"Carol, you are another excellent son. Recently, the $430 million managed by John reaped a net income of 117.3% from the Argentine market!"

Old Lu Simi shook his head, "Although John is good, you are the one who is really good. If it were his own investment strategy, the Centaur's net return would be maintained at 35% at most!"

"35% is not an easy number to reach!" After a pause, Guo Shouyun continued: "The unicorn department currently holds $11.2 billion worth of 'credit default swap' products from Enron, WorldCom, Arthur Andersen, Tyco International, and Alfedeya, as well as $8.12 billion short in Enron!"

As soon as his words fell, there was a slight commotion in the conference room. Guo Shouyun shorted Enron through the Thunder Fund, which is something that everyone has known for a long time. It's just that what they didn't expect was that the big boss also put a heavy bet on CDS bonds!

"Boss, are there too many CDS products in the unicorn department?" said David Renicey, the company's chief risk officer, who is most sensitive to this.

"If you want to get high returns, you have to take high risks. As for why I'm buying so many CDS, and why I'm focusing on these five companies, I'm going to give you the documentation in a moment. But after reading this document, you have to return it to me. And don't reveal the content to the outside world!" Guo Shouyun confessed.

Everyone nodded, and sat down in their current position, and their professional ethics must be much stronger than that of ordinary people. Moreover, the non-disclosure agreement was signed when they joined the company.

"Finally, Solomon's department!"

One sentence lifted everyone's spirits.

"At present, Salomon has a total of $11.2 billion in customer assets under management, and a total pre-tax profit of $4.56 billion since its establishment more than a year ago...!"

Guo Shouyun's words exploded in everyone's ears like thunder.

"My god, $4.56 billion?"

"How is it possible to achieve such a high pre-tax profit in just over a year......?"

Even the well-informed and experienced old Lu Simi was stunned by the astonishing numbers that Guo Shouyun spit out!

And what shocked them even more than this figure was the capital to obtain this figure. They all know the fee standards of the Thunder Fund. If the Thunder Fund can make a pre-tax profit of $4.56 billion, it means that they definitely have more than $18 billion in assets under management, or even more.

If you continue to analyze in depth, Thunder Fund has been established for a relatively short time and rarely discloses its revenue to the outside world, so it will definitely not attract too much private equity funds. It's good to have 10% of all the capital. This means that the rest of the funds come from Guo Shouyun's personal funds, or the funds of his companies. When you think so, the smiling, confident man in the middle of the conference room has at least $15 billion in money.

Thinking about this, everyone's faces changed.

"Boss, Solomon's revenue is staggering. Oh... I'm sorry, but I'm not questioning your words, but the net profit before tax of $4.56 billion is almost the size of JPMorgan and Goldman Sachs combined for a year, which is really incredible. As the company's chief human resources officer and the youngest Tim Smith among the people except Guo Shouyun, he spoke.

It's just that his words are somewhat incoherent, but no one present makes fun of him because of this, because everyone's mentality and thoughts are similar at this time.

Facing everyone's surprised expressions, Guo Shouyun smiled faintly, "Assets always have to be reflected on the balance sheet, so how can I cheat this? If I really do this, I won't get any benefit except for getting a 'stupid' evaluation!"

As time went on, the people who gradually calmed down also figured out the joints. Soon, everyone became excited.

Including William Zhang, everyone knows that the Thunder Fund, as a subsidiary of the Phoenix Company, will definitely hand over a part of its profits to the parent company after it has achieved such dazzling revenue, even if it is only 30 percent, which is also $1.368 billion! With this fund, the Phoenix Fund, the Phoenix Trust, and even the Phoenix Capital have a foundation for further expansion.

The more powerful the company becomes, the more their own wealth will naturally rise.

Seeing their expressions, Guo Shouyun also guessed what they thought in their hearts, but he didn't say much. As for the use of the Thunder Fund's profits, he has actually already made up his mind. It's just that the 'gambling contract' with Zhang Shaoling has not yet been finalized, so it's not time to say it.

"Boss, what is the profit increase of the Solomon Division of the Thunder Fund?"

"It's 1.8 times at the moment!"

"1.8 times the revenue in half a year?"

"Yes!"

Guo Shouyun nodded.

"I'm hoping to invest $100 million in the boss's Salomon department!"

After learning about Guo Shouyun's talent in investment through the centaur department managed by his son, and now seeing the amazing revenue level of Solomon's department, the shrewd and sophisticated old Lu Simi realized the opportunity to earn huge returns, so he decisively put a heavy bet on it.

His words also made the people around him react instantly. If you don't take this kind of hitchhiker, you are a fool.

"Boss, I'll invest 10 million in Solomon. ”

"Boss, I'll invest 5 million!" ......

As executives in the financial industry, they are all high-income groups, and the smallest is worth millions of dollars. No one wants to miss out on an opportunity after realizing it.

Guo Shouyun waved his hand and signaled everyone to calm down, "On the issue of investment, you go to talk to Shaoling Zhang, Solomon's department manager, I believe he will be happy to receive you... We now move on to the meeting. ”

After the words fell, Guo Shouyun flipped through the information in his hand, "I briefly summarized that in mid-2001, Phoenix Company had a total of $157.034 billion in assets under management, $6.067 billion in total revenue, $4.72 billion in pre-tax profits, and $3.54 billion in net profit after deducting operating expenses and taxes. ”

"Boss, we should get some debt. Otherwise, the tax bill would be too high!" said Patti Cyrus, the company's CFO.

Reducing a company's tax expenses through reasonable liabilities is a financial tool that any company would use. The current debt of Phoenix is a bank loan generated at the time of the acquisition of iShares. However, this part of the debt is less than 500 million US dollars, which is too low compared to the revenue of Phoenix Company.

Guo Shouyun nodded, "Do you have any good ideas?"

"M&A! If we eat a financial company worth $6 billion, we can make the company's debt rise to 32~40%, which is a reasonable position. ”

Guo Shouyun guessed that he would say that. However, his original idea was also a merger, but his merger and acquisition was not the same as the other party.

"You can go to the market to find suitable targets, but this year's task is to digest ishares, so the specific M&A action will be put into next year!"

Having said that, Guo Shouyun still concealed some things in the end. For example, he made a 'white knight' agreement with Merrill Lynch CEO Stan O'Neal! Because this involves some secrets, Guo Shouyun is reluctant to say more, and it is not too late to wait until the matter comes.

After everyone nodded, Guo Shouyun continued: "That's it for the time being, and the next thing is about Enron!"

With his voice, Wendy began to hand out a material that was not too thick to each of the Phoenix executives present.

The material was not surprising, but the words on the surface of the material caused the surprise of everyone present.

"Enron's dilemma solution!?"

With the openness of the conflict between LinkedIn and Enron, all elites in the United States know that LinkedIn CEO Guo Shouyun does not deal with Enron. So, when did he start to care about how to solve Enron's dilemma? Shouldn't it be logical to fall into the ground?

Guo Shouyun, who guessed their thoughts from everyone's expressions, did not explain more, "You can take a look at this simple plan first, and make a summary according to its contents, and tomorrow when the leadership of the Pan Pacific Group arrives, everyone will discuss it together." By the way, the content of this agreement must be kept secret by everyone. Moreover, documents cannot be taken out of the company... Okay, now you can watch it, try to finish it before you get off work. ”

Guo Shouyun's words fell, and everyone who realized that he attached importance to this matter quickly opened the documents in their hands and read them. Guo Shouyun also opened the laptop that came with Rebecca Mark and looked at the richer content about the solution to Enron's dilemma.

Although he has been reading this document since he got it, the content of millions of words is not something that can be read in a few days.

The lights in the conference room stayed on until 9 p.m., when everyone dispersed.

Although it was late, after returning to his home in New York, Guo Shouyun did not rest.

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