Reborn in Hong Kong as a Tycoon

Chapter 447
After Vivien Kelly left, Lin Baicheng looked at Haruko Mouri and said, "Haruko, what do you think they want to establish this fund for?"

Haruko Mori and Vivien Kelly are not the same people, so she didn't hide her thoughts, and said, "Mr. Cheng, I think they want to operate more funds so that they can get more commissions. What's more, if they make money for investors, their fame will spread, and if they are not happy with the Golden Fleece Company in the future, they will not be short of a new family."

"It's pretty much what I thought."

Lin Baicheng couldn't help but nodded slightly when he heard the words. He thought so too. He didn't believe that Vivien Kelly and the others would be selfless and loyal to him. He knew it was impossible.

"Of course, although they have selfish intentions, what Vivien Kelly said is true. If a fund is established, it will indeed be of great benefit to Mr. Cheng."

Haruko Mori said realistically: "For example, if they are optimistic about a certain stock, they can first use Cheng Jun's funds to buy the stock, and then use the fund's funds to buy the stock. This is equivalent to raising the stock price in disguise. At the same time, if When they are about to sell, they will definitely sell Chengjun’s funds first, and then sell the funds of the fund.”

"What's more, funds can charge management fees, and they can get commissions of different proportions after their profits exceed a certain standard. In this way, the company's profits can increase a lot. Although a part of it has to be used as their commissions, but Cheng Jun, you must earn the most, there is no doubt about it."

"In this way, there are still benefits."

Lin Baicheng has actually thought about these things, but if the funds managed by the fund are too small, it will not make much sense, because the earnings will not be too much.

"Haruko, do you think I should agree to let them set up a fund?"

"Cheng Jun, I'm still more inclined to let them set up a fund."

Haruko Mori thought for a while and said: "After the fund is established, it must belong to the company in name. Even if Vivien Kelly and the others get to know the investors in the future, they will take some investors with them after they leave the company, but there will definitely be some of them. Investors stay, it is impossible to all go with them.”

"After all, the United States is a capitalist society, a paradise for the rich, and the influence of the rich is great. If your company, Cheng Jun, can make money for them, if you encounter trouble in the future and need to use them, they will definitely I don’t mind helping. Of course, the premise of all this is that the company can make money for them, and it still makes a lot of money.”

"The most important thing is that the Golden Fleece Company is not well-known in the capital market. The fund established by the company may not raise much money. It may only be a small fund at the beginning. If such a small fund wants to develop, it must I don't know how many years it will take, but if there is improvement in three to five years, it can be said that Vivien Kelly and the others have done a good job."

"So, let them set up the fund now. If they are capable in the future, Cheng Jun, you will give them more funds to operate. Even if they set up the fund, they may not leave the company. After all, a good The platform is not so easy to find."

"If they are not capable enough, then needless to say, maybe Chengjun will kick them out of the company at any time, or demote them from the management. Whether the established fund will have any impact has nothing to do with them."

"You're right, it's not that easy for a fund to grow."

Lin Baicheng agrees with Haruko Mori's point of view. The impact of the establishment of the fund will not be revealed until several years later, and there is no need to think so much now.

Vivien Kelly, Doug Gordon, and Sun Yiyang are not well-known in the US capital market. They can only be regarded as middle-level at most. Even if they are asked to set up a fund, they will not be able to raise much money. No changes occurred.

Lin Baicheng is different. The reason why many people gave him money to manage the fund he established in Xiangjiang from the very beginning is because he manipulated Hutchison Whampoa’s funds to bring huge profits to Hutchison Whampoa. , making many people jealous, he has already proven his ability, and many people are willing to gamble on him.

Vivien Kelly, Doug Gordon, and Sun Yiyang are not very well-known in the United States, and the Golden Fleece Company has just been established. How much money the company can raise after the establishment of the fund depends on A big hello.

"It seems that this fund is still set up by them. If they can really grow the fund to raise a fund of $10 billion or more, that would be a good thing for me."

Of course it’s a good thing, let alone other things, if the funds managed by the fund can reach a scale of 10 billion US dollars, then the annual management fee of 2%-5% for the fund alone will be 2000 million to 5000 million US dollars, depending on how the fund charges. The management fee is charged regardless of the performance of the fund. When you invest money in the fund, you will be charged a management fee.

In addition to the management fee, there is also a commission. The commission also depends on how the fund and investors negotiate. Usually, the commission is only profitable. Generally, it is not less than 5% of the profit, and it is not higher than 30%. It is specific to each fund. It will be different again.

The reason is very simple. If a certain fund’s profit exceeds 100% or more for several years, then this fund will definitely charge a higher commission, and investors will agree. After all, the profit is high, and they are not willing to change funds.

Haruko Mori suggested: "Cheng-kun, I don't think you need to agree to them right away. If they want to set up a fund, you just agree to them right away. That's not good."

"Haruko, you are right."

Lin Baicheng nodded in agreement, he still understands this truth.

"It's almost time, Haruko, it's time for us to go to the auction."

Looking at his watch, Lin Baicheng said.

"Ok!"

Haruko Mori responded.

Lin Baicheng and Mori Haruko are going to participate in an antique auction, which was introduced by Phil Smith. The main auction is Western antiques, but there are also Huaguo antiques, so Lin Baicheng is willing to participate.

Although he said he was going to participate in the auction, Lin Baicheng would not necessarily bid, let alone all the Huaguo antiques. If the price was too high, he would not be taken advantage of.There are too many antiques in Huaguo overseas, and he alone has no ability to collect them all, so there must be a trade-off, not the ones that are too expensive, and not the ones he doesn't like.

As for what to do if such antiques were not photographed and left overseas, there was no other way. After all, Lin Baicheng had limited ability alone. What he could do was try his best instead of buying all the antiques and bringing them back to Xiangjiang regardless of the cost.

(End of this chapter)