Rebirth of England.

Chapter 636 Guarding Order
It can be said that it is one time and another situation.

Earlier, because Barron was limited by funds, he had experience from his previous life and knew which companies would develop better in the future, so he used external funds in the form of Mars Fund, Global Industrial Investment Fund and Caesar Fund to complete his layout.

It can be said that this approach indeed accelerated his development and allowed Barron to complete some of his plans ahead of time.

But now, especially after the subprime mortgage crisis, the scale of funds he controls has become extremely large, and he has also completed or is about to complete the layout of many important areas...

Then the funds of the wealthy countries in the Middle East, even if it is as Balder said, the scale is more than 10 billion...

For Barron, well, it can’t be said that it is meaningless, but it can only be said that it is not very necessary.

Moreover, in order to attract external funds, Barron not only had a model of directly sharing profits in proportion to the first phase of the Global Industrial Investment Fund, but also a fixed income model with a yield as high as 10%-15%...

But now, it is definitely impossible - you know, the average rate of return given by the "Madoff case", a Ponzi scheme, is only over 10% over the years.

Or why did the Kuwait Investment Authority and the Saudi Public Investment Fund want to withdraw their investment in the first phase of the GII Fund after the outbreak of the "Madoff case"?

All I can say is that the high return conditions that Barron initially offered to attract external funds to some of DS Group’s funds are not exactly the same as those of Madoff’s firm, but they are very close…

It is not just the sovereign wealth funds of these two wealthy Middle Eastern countries, but even some individual investors of the Mars Fund want to redeem their shares in this fund because of this concern.

However, when the Madoff case broke out, it was already October, which was past the investment and redemption window for the Mars Fund in September...

But Baron did not care much about this. For this reason, Mars Fund issued a special announcement to each investor, stating that in order to allay investors' concerns and build investor confidence, their foundation will once again open a separate fund redemption window within the next half month. Users who wish to redeem can do so within this window.

Moreover, this exception will only happen once, and it will only be made when the window is open. At other times, additional fees will be deducted.

After Mars Fund reopened the redemption window, the funds applied for redemption accounted for about 10% of the total fund size, which is already a relatively high proportion. As for the remaining investors, they are probably waiting and watching. If Mars Fund delays the payment of funds during this redemption, it is estimated that there will be a run on the bank...

However, although this ratio of redemption has some impact on the investment of the Mars Fund, it is not significant - after all, their short selling in gold and oil futures during this period can be said to have brought huge profits, but many of them did not close their positions, which were just floating profits.

But if they redeem now, these funds will certainly not be able to enjoy this part of the profit, but relatively speaking, compared with the funds they invested in the Mars Fund, it is already very profitable. The new investment that was just added to the fund in September and the closing of a small part of the futures orders are enough to pay off.

This calm and timely repayment action also dispelled investors' doubts about DS Group.

Moreover, although the DS Group's funds looked somewhat similar to those of Madoff in its early fixed-income products, there were still differences between the two, and they were not small.

After all, it does not include all stock investments and securities and futures investments. But on the surface, DS Group owns quite a few companies - O2 Telecom, SEM Group, Argos Retail Group, United Energy Group, LOMX Group and Standard Chartered Merrill Lynch, etc. Although all of them have been affected to some extent by the subprime mortgage crisis, their operating conditions are still relatively good.

This is not like Madoff & Co. They said they invested the money in financial securities, but where exactly did they invest it?

But it has never been made public. …

"Indeed, Madoff has caused us a lot of trouble. It can be said that it is adding insult to injury..."

Slowly exhaling a puff of cigar smoke, Jamie Dimon, chairman and CEO of JPMorgan Chase, said to Barron with some annoyance:
"For this reason, we also need to appease some investors, because of Madoff's company, many funds have begun to be cautious, which is not a good thing for the current situation. The most important thing for the market is confidence."

His words are somewhat similar to those of Paulson, the US Treasury Secretary...

Barron had just met with Paulson the day before.

"Your Highness, I heard..."

Jamie Dimon looked at Barron:
"You know, there are always some rumors in the circle, some true and some false, but many people say that you will make big moves."

"That's not surprising, Mr. Damon."

Barron has no interest in either cigarettes or cigars - he doesn't like anything that can be addictive. After all, money and power themselves require willpower to eliminate the temptation.

Barron did not give a specific answer to the rumors Jamie Dimon heard, or his own speculation.

Although the British Fortune (BFT) fund has become one of the major shareholders of JPMorgan Chase, in many cases, exposing the target too early is not a wise thing to do.

"You know, some of the funds we just manage, of course, the decisions need to be made by me, but in fact, to some extent, we are all the same, so I always position myself as a manager of wealth, or... a steward, whether it is for God or for other people, but wealth can never be completely owned by an individual, right?"

"I agree very much, Your Highness. Wealth exists because of order. Now we need to maintain order. As for the growth of wealth, it is an additional reward based on our protection of order."

Jamie Dimon is right, JPMorgan Chase was rewarded - arguably the bank that swelled most during the subprime mortgage crisis.

Whether it was Bear Stearns or Washington Mutual Bank, JPMorgan Chase was the most proactive bank in rescuing them in the beginning.

These actions all came from the leadership of Jamie Dimon, but earlier, they came from the Morgan family's protection of the American financial order, which also brought JPMorgan Chase rich rewards.

It can be said that except for JPMorgan Chase, anyone who wants to complete the mergers and acquisitions of Bear Stearns and Washington Mutual Bank will find it difficult to obtain the same conditions as JPMorgan Chase. In terms of the level of government support, the returns JPMorgan Chase has received are indeed enviable.

"But apart from this, I actually got more accurate information, Your Highness..."

Jamie Dimon is friendly to Barron:
"We are already friends, and perhaps our relationship can be even closer. If you are interested in some of the businesses of the American National Machinery Group, first of all, there is no competition between us."

(End of this chapter)