in the conference room.

Ji Cheng looked at Julian carefully. Robertson, the founder of the Tiger Fund in the current era, has made a name for himself in the current era, but has not yet reached its peak.

He knew Julian. Robertson's real peak was in the nineties.

In particular, in 1998, the total assets of the Tiger Fund swelled rapidly from US$8 million at the time of its inception to US$22 billion, and it ranked second in the world with an average annual profit of 25 percent.

In the years '96, '97 and '98, Tiger Fund was arguably almost unmatched by no one in the hedge fund industry.

And Julian. Robertson is also considered the most influential person on Wall Street.

However, after 1998, along with a series of erroneous decisions made by Tiger's management, the total assets of the Tiger Fund plummeted, from 22 billion yuan in its heyday in '98 to more than $6 billion, until it declared bankruptcy in May 2000.

At this point, the invincible Julian. Robertson only kept the name of the company to manage his family's remaining $1.5 billion in assets, and in frustration, he said that he would "no longer win money for others", and began to write about finance in his later years.

Julian. Robertson naturally found that Ji Cheng was looking, obviously he was just a young man in his twenties in front of him, but he didn't know why he was under pressure when he was glanced at by Ji Cheng, as if the person sitting in front of him was not a young man, but a prophet from the ancient country of the East, a prophet who could understand everything in the world.

Right here in Julian. Robertson was under a lot of pressure when Ji Cheng was watching.

Ji Cheng suddenly laughed, "Mr. Robertson, I'm busy lately, and I won't talk to you, let's talk about it, how do you want to cooperate with Huajin Capital?" ”

This smile took a lot of the pressure away, Julian. Robertson hurriedly said, "Mr. Ji, don't be angry when you say it. ”

Ji Cheng stretched out his hand and said, "Please say, I won't be angry." ”

"Well, that's right." Julian. Robertson said slowly: "I have been observing Huajin Capital for a long time, and the real number of profits of Huajin Capital has only been in futures, foreign exchange and stock markets before, and they are all hedge fund means, as for its Huajin Bank, Huajin Securities and Colt, although some business profits, it is not enough to feed Huajin Capital, an enterprise that supports such a large diversified group, I don't know what you plan to do in the future, at least for now, if Huajin Capital can no longer find a project that can make a big profit, The days ahead are going to be difficult. ”

Truly.

Many subsidiaries of Huajin Capital have just been established, and in addition to some profitable businesses that have been spun off directly from Huajin Capital and Colt itself has factories that can be quickly put into production and profitability as long as they can receive orders, many other subsidiaries need the continued support of the head office.

This support is not necessarily funding, but one thing is certain, that is, in order to make those subsidiaries formal, Huajin Capital is bound to pay a lot of price.

And all of this needs to be funded.

If it weren't for Ji Cheng's collection of major financial events in the current era from modern society, and he was sure to make a lot of money from them, otherwise he would not have made the pace of enterprise development so fast, on the one hand, he had no energy, and on the other hand, he didn't have enough money.

But in fact, as long as there is enough money, everything else can be solved.

Therefore, Ji Cheng knew that as long as he made enough money in this beautiful stock market turmoil and the subsequent Japanese stupid stock market crash, he could solve any problems that the company currently had by throwing money.

Naturally, Julian. Robertson's point of view, Ji Cheng agreed with it in his heart, but did not pay attention to it.

It's just that Ji Cheng didn't say that, "What you said makes sense, so how do you want to cooperate?" ”

"I can make money for you." Julian. Robertson said bluntly: "And not only to make money for you, but also to provide you with investment management, as far as I know, this is what Huajin Capital currently lacks, of course, I know that Huajin Capital is far stronger than my Tiger Fund, so, in order to show my sincerity, I persuaded all the partners in the fund to be willing to join Huajin Capital in the form of cross-shareholding or even merger to establish a new business." ”

Ji Cheng didn't rush to agree, and asked, "How can I make money for me?" ”

"In many places in the area of financial investment, I am definitely not as good as Mr. Ji." Julian. Robertson said frankly: "But in the financial sector, such as insurance, trust, etc., I can take care of some of your weak sectors, as far as I know, Joaquin Insurance seems to have no customers except for a business of Elson Oil, right?" In addition, Huajin Trust is also in a similar situation, since the business was spun out, there is no profitable project, if Mr. Ji you are willing to cooperate with me, or let me join the big family of Huajin Capital, I can let Huajin Insurance and Huajin Trust two subsidiaries start to formalize before the end of this year, not to mention immediate profits, at least have a certain number of customers, to ensure that they can be profitable in the future. ”

Speaking of this, he paused, "Of course, there is no basis for what I say, and you may not believe it, so before I came, I discussed with various partners of the company, and gave a rough future development blueprint for the three subsidiaries of Huajin Insurance, Huajin Trust and Huajin Asset Management. ”

"Show it to me."

Ji Cheng stretched out his hand.

Julian. Robertson took out a large stack of documents from his briefcase and put them in front of Ji Cheng.

What catches the eye is the blueprint for the development of the insurance industry, and Ji Cheng watched it carefully.

For example, term life insurance, as the name suggests, this type of insurance only covers a certain period of time, such as 10, 15, 20 and 30 years, if the insured passes away within the validity period, the insurance company pays the sum insured, the advantage is that the premium is cheap, but it does not have cash value, there is no function of saving and investment, and after the expiration of the insurance contract, due to the age of the insured, it will become very expensive to buy insurance again.

Therefore, this kind of insurance is not very important within the major insurance companies in the beautiful country.

But Julian. Robertson meant that starting with less important insurance business, such as term life insurance, is actually not a lot of customers, and those who need short-term protection and have a limited budget tend to prefer this type of insurance.

Any company has a signature product, and once Huajin Insurance Company can stand out from such a low-end insurance business, then its reputation is bound to rise, and it will be much easier for other insurance businesses to do at that time.

To put it simply, Julian. Robertson meant that he wanted Huajin Insurance Company to carry out a plan to encircle the city from the countryside, and wait until it had accumulated enough customers and prestige in the industry before gradually developing its mid-to-high-end business.

Ji Cheng just glanced at it and found Julian. How much wisdom does Robertson's blueprint for the development of Huajin Insurance contain, he admired while looking at it: "Not bad. ”

Julian. Robertson said modestly: "These are all improvised plans, and they may not be in your eyes." ”

Ji Cheng continued to watch while chatting with him.

He watched it very carefully, and it took him almost an hour to read it all.

After reading it, Ji Cheng only felt amazed, to be honest, although he knew the future trend well, he really didn't have any experience in terms of basic business development. The future development blueprint provided by Robertson is of great help to Huajin Capital's insurance, trust, asset management and other businesses!

No wonder this guy will become the undisputed veteran of Wall Street in the future.

Ji Cheng recognized Julian. Robertson's ability, he raised his head again and asked: "Just now you said that Tiger Fund is willing to cross-hold shares with Huajin Capital, or merge into a new company?" ”

"Yes, if it is cross-shareholding, the Tiger Foundation will take out a certain amount of shares in exchange for the equity of Huajin Insurance, Huajin Trust and Huajin Asset Management Company, and at that time, for the development of the company, I hope to send management into the three companies to assist the company's top executives to develop the business together." Julian. Robertson spoke eloquently.

Ji Cheng asked: "What if it is merged into Huajin Capital to establish a new company?" ”

Speaking of which, Julian. Robertson's face became much more solemn, "Before talking about this, let me first introduce how many assets the Tiger Fund has. ”

Ji Cheng said, "Please speak." ”

Julian. Robertson said: "At present, in addition to the brand of Tiger Fund, Tiger Fund also owns Jaguar Fund, Puma Fund, Lion Fund and Tiger Cat Fund, of which Tiger and Jaguar Fund are relatively large, each with more than one billion dollars of assets under management, and the rest together can only be worth one of them, with a total asset of about $4 billion." ”

Four billion dollars in assets is remarkable in the current era.

Ji Cheng praised, "Tiger Fund is very powerful. ”

"Thank you, Mr. Ji, for the compliment." Julian. After Robertson said a word, he continued the topic just now, "If the Tiger Fund is merged into Huajin Capital, I hope to exchange all the equity of the Tiger Fund for 10% of the shares of Huajin Capital, the current total valuation of Huajin Capital is about 20 billion US dollars, and the total assets of the Tiger Fund are 4 billion, to be honest, in exchange for 10% of the equity, our side is still a little at a loss." ”

It is impossible for Ji Cheng of Huajin Capital to give it to anyone, because this is his core industry, which is related to taking charge of more than a dozen subsidiaries in order to obtain decision-making power.

More importantly, don't look at the current total valuation of Huajin Capital of more than 20 billion US dollars, after the stock market turmoil in the beautiful country and the outbreak of the stupid stock market crash in the future, Ji Cheng's Huajin Capital will definitely increase its assets by a large margin, and the value of 10% of the shares will far exceed the assets of the Tiger Fund.

"Isn't there any other option?" Ji Cheng said honestly: "I have never thought of selling the equity of Huajin Capital to anyone, including me joining the Boston consortium, and I have not taken out any shares. ”

Hearing this, Julian. Robertson was not angry at all, and said with a smile: "Before I came, my partners and I considered that Mr. Ji may not be willing to give Huajin Capital equity, so we thought of a compromise plan. ”

Ji Cheng asked, "What?" ”

Julian. Robertson said: "We need to merge Huajin Insurance, Huajin Trust, Huajin Asset Management and Tiger Fund and all of its companies together to form a company that will be managed by Huajin Capital and myself and all the original partners of Tiger Fund, and then distribute shares according to assets, and I will ask me to become the company's top executive, of course, on the board of directors, in order to show good faith, my partners and I are willing to give Huajin Capital an overwhelming seat, that is, You don't have to worry that we will take away the right to operate after the merger, but under this premise, Tiger Fund reserves the clause to withdraw from the cooperation at any time. ”

Truth be told, it's a very generous offer.

In addition to the daily operation of the company, the Tiger Fund actually did not take away the decision-making power, if it encounters a major matter, Ji Cheng can still make a decision directly without looking at anyone's face.

What's more, with the combined total assets of Huajin Asset Management Company, Huajin Trust and Huajin Insurance, it is possible to occupy more shares.

Ji Cheng understands one thing, if he agrees, these three companies will be able to quickly start making profits after the merger of Tiger Fund in the future, and he will not have to worry about operation for a long time in the future.

It's just that he still didn't let go, and instead asked: "Before deciding whether to agree to your request for cooperation, I have one thing I want to figure out, why did you suddenly find me wanting to cooperate with such a large scale?" ”

"You're worried that I have another purpose, right?" Julian. Robertson made no secret of it: "Yes, I do have other purposes. ”

Ji Cheng looked at him and didn't speak.

Julian. Robertson continued, "I had two other purposes. ”

Ji Cheng let out an "um" and motioned for the other party to continue.

"First, I fancy the reputation of Mr. Ji, a person who is so huge in the global financial industry that people can't believe it." Julian. Robertson said in a sonorous tone: "This can be seen from the fact that the major financial institutions on Wall Street have found that you may have a big move in the stock market and throw a large amount of money into it, as far as I know, at this time, Rockefeller, Morgan and other consortiums are singing opposite to the stocks you invest in the stock market, but they still can't stop those financial institutions on Wall Street from trusting you, even if they are fighting with these big conglomerates, they will follow the investment, which shows that your reputation in the financial industry is unmatched." ”

He paused, "Tiger Fund is originally engaged in hedge funds and investment management, it can be regarded as a meal for customers, if we can have your golden sign as the treasure of the town company, then the business will continue to come." ”

Ji Cheng asked, "What about the second point?" ”

Julian. Robertson smiled: "The second point is more direct, we know that Mr. Ji's Huajin Capital has recently made a big move in the stock market, if nothing else, I am afraid that it will make a lot of money, of course, it is unknown how much this big move can earn, but from Mr. Ji, you have gained a lot of wealth from the stock market, futures and foreign exchange market within a year, your frequency of shots, investment profitability is very strong, if we Tiger Fund joins Huajin Capital, I think we can make more money with you, after all, we will be a family in the future, What big investment you want to make, you will definitely take us with you. ”

Speaking of which, Julian. Robertson concluded: "Therefore, our Tiger Fund is willing to merge into Huajin Capital, not to see the future development prospects of Huajin Capital, but to rely on Mr. Ji, you are thriving and about to become a big tree under the shade, to develop the company on a larger scale and make more money together, yes, I am very direct, my partners and I are willing to take out all the four billion US dollars in assets, just want to invest in Mr. Ji!" ”

It's very straightforward.

Ji Cheng didn't expect Julian. Robertson and many partners of Tiger Fund are so confident in themselves that they take out all their assets and gamble big.

"So ......," Julian. Robertson stared at Ji Cheng seriously, "Mr. Ji, are you willing to accept us to defect?" ”

Ji Cheng smiled and said: "You and your partner are so sincere, if I refuse again, I will be a little ignorant, but what, since you are so confident in me, do you dare to bet more?" ”

"Gambling bigger?" Julian. Robertson was a little confused, "I don't understand what it means. ”

Ji Cheng said in a very light but irresistible tone: "I will make a bet with you, and then I will come up with a brilliant record, if this brilliant record can be recognized by you and all the partners of the Tiger Fund, then in the future, after the merger of Huajin Insurance, Huajin Trust and Huajin Asset Management with the Tiger Fund and all its subsidiaries, you and your partners will only account for 30% of the shares of the new company, if you do not get your approval, then according to the proportion of assets, you ...... Do you dare to bet with me? ”