Chapter 487: Herman Fund

……

After leaving Harvey Morgan for dinner, Guo Shouyun sent him out of the house.

"Aren't you going along?" Guo Shouyun glanced at the guy next to him.

"Hehe, it's only half past eight, and it's still early. ”

When the words fell, seeing Guo Shouyun who turned around and walked towards the room, George Roosevelt hurriedly followed.

"Bruce, although it is a bit presumptuous to bring Harvey to you, I have been friends with him since childhood, and it is really hard to refuse. Besides, he has a lot of valuable assets in his hands, and he will definitely not suffer a loss by cooperating with him!"

Guo Shouyun's footsteps stopped, and he half-turned around and said, "I didn't blame you, why are you in such a hurry to explain?"

"Whew, it's good if you don't get angry, or I won't be able to explain. George Roosevelt turned his worries into joy.

"Don't be angry, don't be angry, but next time you bring someone to my house, it's best to call me first, so that I can be prepared!"

"Definitely, definitely!"

"Alright, it's not early, you should go back early. I still have a job tomorrow, so I won't keep you!"

"Hey, you have so many rooms, can't you let me spend the night here?"

"No way!"

Looking at the distant back in front of him, George Roosevelt glared angrily, but soon his expression calmed down, and a faint smile appeared on the corner of his lips.

"This guy still has such a character. … Let's go, let's go back!"

"Yes, young master!"

The accompanying bodyguard answered, then turned and followed George Roosevelt out of the place.

"Boss, Mr. Roosevelt is gone!"

Guo Shouyun nodded, "I'm fine here, you go and rest!"

"Yes!"

After answering, Wang Jue glanced at Guo Shouyun, who was thoughtful, turned around and walked out of the study.

After the room became quiet again, Guo Shouyun took out a piece of paper and wrote 'Merrill Lynch' on it, followed by the word 'Morgan' next to it.

"It's a little bit like that, but it's so hard!"

Coupled with the 27.8% he kept on the surface, and the 13.3% that Liu Zhixing secretly put in hundreds of accounts, now the equity of Merrill Lynch in his hands has reached 41.1%, and if he can win 5.83% of the Morgan family, he can reach 46.93% of Merrill Lynch shares, and only 3.08% is needed to master the absolute controlling stake, so as to bypass Stan O'Neill's 'poison pill plan' and completely control Merrill Lynch Securities.

With his financial resources, it is not difficult to buy a 3.08% stake in Merrill Lynch, and the time will not drag on too long. But the Morgan family's 5.83% stake is not easy to get.

As luck would have it, he got his wish. Unfortunately, when the two sides entered the negotiation stage, the experienced Morgan used this as a threat, and if he did not want to miss out on Merrill Lynch, he had to give up more interests. Is Guo Shouyun willing to give up Merrill Lynch? Obviously not.

Over the years, most of the mergers and acquisitions and financing of all his companies have been entrusted to Merrill Lynch. The reason is not that Merrill Lynch's conditions are better than those of Goldman Sachs and Morgan Stanley, but a compromise in disguise. The compromise was simple: he worked with Merrill Lynch, and Stan O'Neal wouldn't use the poison pill scheme to dilute his stake because of his high stakes.

It's a balance, a contract where both parties know each other, but not on paper.

Guo Shouyun is concerned about Merrill Lynch's controlling stake, while Stan O'Neill is concerned about his unlisted but promising companies.

As long as there is such a need on both sides, and this tacit understanding is broken blatantly, everyone will be fine.

But this tacit understanding is not something Guo Shouyun needs for a long time. Therefore, two years ago, he began to secretly let Liu Zhixing, who he could trust, operate the accounts of hundreds of companies separated from Enron, and began to buy and sell Merrill Lynch shares without interruption.

Sell high and buy low, always keep the turnover rate of Merrill Lynch's stock at a seemingly normal average, and then solidify the excess into your own account.

In the past two years, Liu Zhixing has obtained 13.3% of Merrill Lynch's equity. But this kind of thing gets harder and harder the future, because as 9/11 passes, the U.S. housing market recovers, the prices of financial stocks continue to rise, and the major players in the U.S. stock market, pension funds, mutual funds, have rarely sold their Merrill Lynch stocks. In the past two years, nearly half of Merrill Lynch shares in private equity and personal hands have been acquired by Liu Zhixing.

With the lower and lower turnover rate, in order to avoid being noticed by Stan O'Neill, an old fox, Liu Zhixing also slowed down the range of buying and selling.

If you give up the 5.83% of the Morgan family, the same stock, it may take a year to slowly get it from the secondary market, and it will cost even more.

Achieving the goal faster and having a more secure long-term plan, after Guo Shouyun had been playing in his mind for a long time, he finally chose the latter.

"If the merger with the National Bank of America goes well, Phoenix will go further in the financial field and will be able to meet my requirements for the layout of the financial industry for the time being. As for Merrill Lynch, let's wait a little longer. As long as you can get it before the subprime mortgage crisis. ”

Thinking of this, Guo Shouyun crossed the word Morgan.

However, considering the strength of the Morgan family, it would be a pity to give up this opportunity. Moreover, Harvey Morgan's conditions are indeed more attractive to him. As for what kind of quid pro quo to choose, he could think about it, three days was enough time for him to make the decision that was best for him.

The most important thing is that after getting in touch with the Morgan family, when he meets Stan O'Neill, this 5.83% stake may still be able to make a big difference.

……

The next day, Guo Shouyun got up very early. After a simple run for half an hour, after breakfast, he was ready to greet Paul Cruz, CEO of the Hermann Fund.

"Boss, Mr. Cruze has arrived. ”

At the same time as Wang Jue reminded, Guo Shouyun also noticed a middle-aged man who walked in behind her, wearing a black suit, gold-rimmed glasses, and a slightly chubby body.

"Mr. Guo, it is a great honor to visit you!"

Paul Cruze rushed forward and stretched out his right hand to Guo Shouyun.

"You're very gracious, and I am equally honored to have Mr. Cruze... Have a seat. ”

"Thank you!"

"Wang Jue, bring my best coffee to Mr. Cruz. ”

"Yes!"

"Mr. Cruz, I have always admired the investment strategy of the Herman Fund. Your insistence on a big-blue-chip, long-term holding approach resulted in a compound growth rate of 13.4% in the first quarter of 2003, which is excellent. What I especially appreciate is that in the past two years, many mutual fund managers have competed for short-term operations for personal gain, and even used some non-sunny information to earn income. But this is not the case with the Herman Fund. ”

"Thank you for the compliment. At the Hermann Fund, we have always acted in the interests of our clients. Although the compound growth rate of its 13 mutual funds is not the highest in the industry, it must be the safest. ”

"I believe that. Therefore, I specially asked you to come here today, one is to exchange investment experience, and the other is to invest in Hermann Fund. ”

Paul Cruze's heart moved, "Mr. Guo is a well-known investment genius in the industry, and it is my honor to be able to communicate with you. However, if you want to invest, Mr. Guo has a better Phoenix company, so why bother with Herman Fund?"

Guo Shouyun smiled faintly, "Mr. Cruze is a smart person, why ask knowingly!"

"Mr. Guo wants a stake in the Herman Fund?"

"Acquisition, to be exact!"

"It can't be!" Paul Cruze quickly shook his head.

"Don't be so quick to refuse, Mr. Cruze might as well listen to my terms. After a pause, Guo Shouyun didn't give the other party a chance to speak, and continued, "The 13 active funds under the Herman Fund have a fund size of 237.72 billion US dollars, and a cumulative net profit of 284 million US dollars in the first quarter of 2003. Even though you're not listed, the Herman Fund is worth about $7 billion, a 15% premium, and a total value of about $8.05 billion. I am willing to use 8% of Phoenix and $2 billion in cash to acquire 55% of Herman Fund. … What does Mr. Cruze think?"

After a brief thought, Paul Cruze shook his head.

"Mr. Guo's conditions are indeed attractive, but unfortunately, the Herman Fund has no plans to sell. ”

"Really, don't think about it?"

"I'm sorry!"

"That's a pity!" Guo Shouyun shook his head and sighed.

"Thank you very much for your attention, and I hope that Herman Fund can cooperate more with Phoenix in other aspects. ”

"I hope so, too!"

Then the two briefly exchanged some investment experience, and Guo Shouyun sent each other away.

After watching the car drive out of the manor and then disappear into the distance, Guo Shouyun turned around.

"Wang Jue, call Paul Lehman and ask him to talk to Paul Cruz, and by the way, take a 4.5% stake in Herman Fund. ”

Paul Lehman is the head of the PE department of Phoenix Capital, and Wang Jue, as a secretary, is no stranger to this person. However, letting Phoenix Capital invest means that Guo Shouyun has given up the acquisition of Herman Fund.

Looking at her puzzled eyes, Guo Shouyun smiled.

"There is an idiom in Huaxia called: Ming Xiu plank road, dark Chen Cang. ”

"Boss, you have to calculate people again!"

"It's not a calculation, it's a strategy. Okay, by the way, make an appointment with Pierce Markle of the New York State Teachers' Retirement Foundation. ”

"Understood!"

Guo Shouyun, who turned to leave, did not go back to the study, but came to the basement. After navigating the long hallway, he pushed open one of the innermost rooms.

The air here is a bit stuffy, and it's surrounded by monitors that are placed or hung.

"Boss!"

Seeing him come in, a middle-aged man in a black suit hurriedly stood up.

After nodding slightly, "How are they, are they still there?"

"It's still there!

The other party pointed to Guo Shouyun to a black Chevrolet sedan that appeared on the largest display screen in the middle.

"The location seems to have changed!"

Guo Shouyun looked at it for a moment and said.

After the middle-aged man nodded, "Although the location is constantly changing, they always maintain monitoring within 150 meters ~ 220 meters from the gate of the manor. ”

"Shoot a shot to change a place, these people are very cunning!"

"Boss, do you want me to deal with them?"

Hua Lei, who was standing behind Guo Shouyun, spoke.

"No, maybe it's a paparazzi!" Guo Shouyun held his chin with his left hand, looked at the car on the monitor, and said meaningfully.

“… Alright, you guys go ahead. But no one is going to do anything about this car without my explanation. ”

"Yes!"

Guo Shouyun nodded, and after one last glance at the monitor, he turned around and walked out of the monitoring room.