Chapter 60 New Era Fund

Towards noon, the ceremony was held in a Chinese-style hall decorated with a ceremony presided over by the president of the Global Chinese Association and officiated by the three descendants of the three sworn brothers of the Lei family.

When the ancestors of the Lei family first came to the United States to work hard, there were a total of eight people who married Jinlan, but only four families remained, and the descendants have always had contacts, which can be regarded as seven generations of friends. The Lei family follows the tradition of their ancestors, and every time they pass it on, they will ask the world to hand it over to the ceremony.

Witnessed by many guests and employees of the group, Lei Yang took over a small Chinese-style stone pagoda more than ten centimeters high handed down from his ancestors from the old man.

The ancestors of the Lei family like the tower king Chao Gai, and the favorite thing to play with is this small stone tower, the carving is exquisite, and each layer can be turned.

"Unite the Chinese and fight for righteousness and wealth. ”

The old man passed down the teachings of his ancestors, and told Lei Yang not to only make money, forgetting the foundation of the Lei family.

After the inheritance ceremony, Lei Yang delivered a speech, looking back on his more than ten years as president, and then said that he would put down some of the group's affairs and contribute more to the Chinese and the world, and at the same time appointed Lei Ming as the president of the group, hoping that Lei Ming would carry forward the Lei Group.

Lei Ming walked up to the stage, looked at the thousands of guests and employees below, and said calmly: "Hello everyone.

First of all, thanks to the continuous struggle of our ancestors to make Lei's Group stronger and bigger, we have today's opportunity. I would also like to thank the Chairman for his trust in me as the President of the Group.

In 2003, I joined the group to work, to this year just five years, with the support of colleagues, although I have made some achievements, but as the president of the group, I am still honestly afraid. I am no longer responsible for one department, but for the entire group, which affects the work and families of tens of thousands of people.

All of this made me walk on thin ice, but I have the courage to take on this important responsibility, and I am confident that my colleagues will continue to support me.

As the president of the group, I hope that today will be a new brilliant beginning for the Leishi Group. In the future, we will have a series of major investments, and the main business of the Lei Group will also be adjusted, but everything will be built on a stable basis.

Since the outbreak of the subprime mortgage crisis, the profits of many of our subsidiaries have also declined, and some have even suffered losses, but we at Lei's Group have been united to tide over the difficult times.

In the future, we will continue to provide more employment opportunities while maintaining employment. Make our contribution to the recovery of the world economy.

I am confident that we will have a brighter future.

Thank you. ”

Lei Ming practiced his speech in advance, and his speech was also subdued and frustrated, and he was very tone-like.

After the ceremony, it was time for luncheon.

In addition to many celebrities, there were also some partners and middle and senior executives of Lei's Group who participated in the luncheon.

Lei Ming had to toast during the banquet, but he didn't drink much after a turn.

After the luncheon, there was a small-scale private equity fund promotion meeting, and the external threshold of the new era fund established by Lei's Group was 10 million US dollars, which greatly reduced the scope of investors.

However, the Lei Group has a wide range of contacts and has gathered hundreds of wealthy people.

After the investors invited by Lei Yang arrived, Lei Ming walked up to the stage, took a microphone and said, "Gentlemen and girls, good afternoon." Thank you for taking the time out of your busy schedules to attend the New Era Fund Seminar.

It's a bad time for many, as the financial crisis has shrunk everyone's wealth, but for some, it's been an excellent time because of the wealth opportunity.

The investment department of Lei's Group has seized a lot of opportunities in the past two years, with a return of more than ten times in 07 and a five-fold return in 11 months this year. ”

Hearing the yield of Lei Ming's words, all the guests were taken aback, they knew that the Lei family had made huge profits in the capital market, but they didn't expect the yield to be so amazing.

Wall Street, which became famous in the subprime mortgage crisis, and Paulson's fund had a maximum return of more than five times in '07.

Lei Ming also saw the surprise of the people below, and said with a smile: "Of course, this has something to do with the relatively small amount of funds at the beginning and the use of some leverage. As the amount of capital increases, so does the rate of return.

The New Era Fund is a hedge fund reorganized by the investment department of Lei's Group, and we judge that the financial crisis is nearing the end and a new Internet era will begin. In addition to shorting a small amount of some bank stocks and bonds, we will allocate most of our funds to some company stocks that may lead the mobile Internet era in the future, and we will also make some allocations to gold and oil.

In order to reduce the risk, we will reduce the use of leverage, and the New Era Foundation will set a 30% stop loss line, and if there is a 30% loss, the New Era Foundation will liquidate and return the funds.

The fundraising period of the New Era Fund is one month, and the first three months of the fund's operation are closed periods and cannot be redeemed. It can be redeemed at any time after three months, and the fee is 0 subscription fee and 0 redemption fee, and we withdraw 30% of the fund's profits.

The Lei Group will subscribe for $3 billion in the New Era Fund, and the Lei family will also subscribe for more than $1 billion to ensure that our interests and those of investors are aligned.

Overall, I think there are a lot of opportunities in the capital markets in the coming years.

If you have any questions, please contact me. ”

Three billion dollars once again shocked the rich present.

Even the billionaires are worth tens of billions of dollars, but few can come up with a billion dollars in cash, especially during the financial crisis, many companies are trapped in the broken capital chain, it can be said that cash is life.

Lei's Group has just returned to China to invest one billion US dollars, and now it has taken out another three billion US dollars to subscribe to the fund, Lei Ming also said that there will be major investments, and Lei's Group's cash flow reserves are simply terrible.

Many people decided to invest before they came, but it depends on the situation to decide the amount of investment, seeing that the Lei Group invested three billion US dollars, some people also decided to increase the amount of investment.

Most of the wealthy are older, they don't care about how the fund is allocated, and they are not very interested in the Internet, and investing in the new age fund is only part of their asset allocation.

Only a few people asked Lei Ming about investment opportunities in the mobile Internet era.

Lei Ming didn't hide his selfishness and generously shared the future trend, but there was an endless stream of people talking to him, and he didn't have time to talk to one person in detail.

The promotion meeting lasted for three hours, and someone directly signed a subscription agreement with the New Era Fund on the spot, and the subscription intention on the spot alone was more than 4 billion US dollars, plus the subscription of Lei's Group and the Lei family, the fund size has been close to 10 billion US dollars, and there may be new investors to join during the fundraising period.

Lei Ming is still quite satisfied with the fundraising scale of the New Era Fund, if he earns 100% of the $10 billion, the Lei Group will be able to get $3 billion in dividends, and the 70% return after the self-invested $3 billion dividends is also $2.1 billion, a total of $5.1 billion. The earnings are equivalent to only playing their own $3 billion and making 170%.

Lei Ming has memories of the future and knows many opportunities, but he still feels that he still can't reach the rate of return of his predecessor, but the issuance of funds is 0 risk leverage, and the rate of return can be increased through commissions.