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Chapter 454 Wall Street is Crazier Than Imagined

Goldman Sachs is headquartered not on Wall Street, but on Delancey Street on the Lower East Side of Manhattan.

The world's top investment bank with a history of 138 years has a headquarters building with an all-glass curtain wall. The main building with a height of more than 50 floors, like a giant sword, stabs into the sky.

January is also the middle of winter in New York, and the weather is still relatively cold. The temperature at night is around minus 1 degrees, and the highest temperature during the day is only two or three degrees.

Gao Yang changed into formal attire today, with a coat on top.

Professor Qin is going to take Gao Yang, Wu Ruohan, Chen Lan and Wu Fei to visit a managing director of the Securities Department of Goldman Sachs today. His name is William Butler, which can be translated as: William Butler.

Qin Xianglin said that the securities department is the most profitable department of Goldman Sachs, and it has a lot of power inside.

William Butler, 46 years old, is about 184 centimeters tall, a big man with a fat body, and brown-red curly hair on his head.

Last night, Qin Xianglin told Gao Yang that Butler is of Irish descent, and his ancestors immigrated to the United States for more than 200 years.

Butler's office has an area of ​​seventy to eighty square meters and is quite luxuriously furnished.

"Hi David!"

After the meeting, Butler's attitude towards Qin Xianglin was quite affectionate, and he directly came to kiss Qin Xianglin.

David is Qin Xianglin's English name.

When Qin Xianglin introduced Gao Yang and the others to Butler, Butler replaced it with a handshake.

After Butler's secretary served coffee to Gao Yang and others, Butler asked, "David, you want to sign ISDA with Goldman Sachs. What products do you plan to invest in?"

Qin Xianglin replied with a smile: "We want to invest in real estate bonds, CDO or CDS."

Butler said: "It's a great idea, the real estate market is hot right now."

Butler made a phone call, and then asked the secretary to take Chen Lan, Wu Fei, and Wu Ruohan to sign the Titan Fund's ISDA agreement documents.

Gao Yang stayed in Butler's office. Butler took the initiative to chat with Qin Xianglin about the US real estate bond market. Gao Yang couldn't understand anything that was very professional.

Gao Yang can basically understand the daily life communication, and can even speak a few words in English.

Gao Yang just saw that when Qin Xianglin was talking, Butler listened very carefully and kept nodding his head in agreement.

Chen Lan and others signed the contract smoothly and came back in less than 10 minutes. Qin Xianglin also thanked Butler and was about to leave.

Butler asked Qin Xianglin to stay in Manhattan for a few days, and invited Qin Xianglin to have dinner together.

Qin Xianglin said: "William, I've been in Manhattan until Saturday, and we'll meet again when I'm done with the things at hand."

Gao Yang also understood these conversations. It seemed that Qin Xianglin had a good personal relationship with Butler.

Gao Yang and his entourage quickly left the Goldman Sachs headquarters building, and the next stop was the office of Titan Fund on Wall Street.

The registered address of Titan Fund is not in New York, but the office is in New York.

At the beginning, because of Chen Lan's working relationship with the Android company, Wu Fei and Chen Lan's family bought a house in California and lived in California most of the time.

Gao Yang asked Chen Lan to recruit a supervisor, who was responsible for managing and arranging the investigation team and closely tracking the overall situation of the US subprime mortgage market.

The three accounts for investing in US stocks are all traded by Chen Lan himself, and Titan Fund has not recruited a trader.

Wu Fei is still working at Columbia University. During the semester, he commutes between New York and California almost every week.

The new office building leased by Titan Fund is in the famous Rockefeller Center, located in the International Building on Fifth Avenue.

Rockefeller Center is a group of 19 commercial buildings. The ground floor of each building is connected. It is located in the middle of Manhattan.

After the September 911 incident, almost all banks, funds and other institutions no longer set up their headquarters in Wall Street, but moved to the middle of Manhattan near Rockefeller Center.

Some organizations simply left New York and moved to New Jersey.

The 36-foot office building rented by Titan Fund on the 1100th floor of the Rockefeller Center International Building was the arrangement that Wu Ruohan conveyed to Gao Yang when Wu Ruohan was on a business trip to the United States in late September last year.

What Gao Yang meant was that the office of Titan Fund must be rented in the core area where financial institutions gather in Manhattan, which represents the image of the fund.

A month later, Chen Lan and Wu Fei found this office building in International Building and rented it.

A group of people rushed to Rockefeller Center and entered the office of Titan Fund. Chen Lan said with a smile: "Gao Yang, the rent level of the office building in Rockefeller Center is second only to Hong Kong Island in the world, and it is super expensive.

The annual rent for the office building we rented is 176 US dollars per square foot, which is close to 200 US dollars including property and other service fees.

This office building is equivalent to an area of ​​102 square meters, and the annual rent plus service fees will cost 22 US dollars.

The office we rented before cost less than $10 a year. "

Gao Yang said with a smile: "Sister-in-law, the extra 12 US dollars is spent every year. The company's image will be quite different. Besides, we are not short of this money, so don't feel bad."

Just kidding, in the past two or three years, the Titan Fund and the account of the Android company have made a net profit of 2 million US dollars in the US stock market, and an extra 12 US dollars a year has been spent on office rent. Can this amount of money be called money?
Chen Lan naturally understood what Gao Yang meant.

This time, if the shorting of subprime loans is successful, Titan Fund has the capital to directly buy office buildings.

There are only 8 employees at Titan Fund, 5 of whom are Chinese. The chief executive is named Huang Yi, and his English name is Benjamin (Benjamin), who can also be called a nickname (Ben).

Huang Yi is 27 years old and has a master's degree from Columbia University's School of Finance. His hometown is in Zhejiang Province, and he is from the same hometown as Chen Lan.

Hearing Huang Yi's English name, Gao Yang was very happy. The master behind the movie "The Big Short" was also named Ben.

Huang Yi led Gao Yang and his party into an independent office of about 20 square meters, and reported: "Mr. Gao, this is the temporary office prepared for Professor Qin."

The office is equipped with sofas, tea trays and tea sets, three computers on the desk, a lot of materials in the bookcase, and a set of mini stereos, all arranged according to Qin Xianglin's requirements.

Gao Yang looked at it and asked, "Professor Qin, do you think there is anything else that needs to be purchased?"

Qin Xianglin said: "No need, it's fine."

Qin Xianglin sat down and checked the various securities market data on the computer, as well as the CDO, CDS and MBS market conditions that Chen Lan arranged, Huang Yi and others tracked and collected.

For the next three days or so, Qin Xianglin will work in this office, using his own methods to analyze the data, query relevant market information, and provide trading strategy suggestions for Titan Fund.

This trip to the United States, Qin Xianglin's remuneration is 50 US dollars, paid by the Titan Fund.

At noon, Chen Lan and Wu Fei arranged to have dinner together. In the afternoon, Qin Xianglin started working. If necessary, Huang Yi and a Chinese girl were on call.

In the past few days, when Professor Qin finished the data analysis, Gao Yang and the others were fine, so they were accompanied by Chen Lan to play in New York.

I found a travel agency and arranged a 12-seater van to visit famous attractions in New York.

After coming to the United States, Gao Yang gave up morning and evening outdoor running and changed to the hotel gym.

Visit this metropolis every day, accompanied by Chen Lan to taste some delicacies, and Wu Fei will also accompany him when he is free.

Gao Yang didn't bother Qin Xianglin, this professor was picked up by Huang Yi every day.

In the evening, Qin Xianglin came back late and worked overtime until around 9 o'clock every night.

After 1 pm on January 25, Qin Xianglin got off work early, went back to the hotel, and had dinner with Gao Yang and others in the evening.

When seeing Gao Yang, Qin Xianglin opened his mouth and said, "Gao Yang, Wall Street is even crazier than I imagined..."

(End of this chapter)