Rebirth of England.

Chapter 639: Establishing Friendship
If Manhattan in New York gives people the impression of being prosperous and busy, then the luxury houses of various styles quietly hidden in the trees of Long Island form a paradise for the super-rich that gives people a sense of seclusion from the world.

On the highway in the early morning, a convoy of vehicles passed slowly and steadily.

Even without BGM, this scene easily reminds people of the travel scenes of the super-rich in the TV series "Succession", which received multiple nominations and won many heavyweight awards at the Emmy Awards in September this year.

After all, the extended Cadillac sedan "protected" by Chevrolet SUVs in front and behind has a bit of "old money" style no matter how you look at it.

However, at the gate of a manor, the convoy was stopped by several "fully armed" security personnel. After asking for the other party's identity and checking each car, the leading security personnel picked up the walkie-talkie and let them pass.

This was not the beginning. Later, the convoy was stopped again after passing the road outside the manor. This time, the situation was slightly better. Several bodyguards in black, after conducting routine inquiries, drove behind the convoy and drove to the main house of the manor.

At this time, many vehicles were parked in the small square in front of the residence, almost all of which were bodyguards' SUVs and luxury cars...

"I'm sorry, Your Highness, I was delayed by something. I hope I didn't keep you waiting too long..."

Seeing the handsome young man walking out of the door of the main house, the middle-aged man with gold-rimmed glasses and a slightly receding hairline who had just got out of the car and adjusted his suit said apologetically.

"No, Mr. Fink, we were just chatting."

This was the first meeting between the two. Needless to say, Barron, the British Duke who manages huge wealth, had already begun to spread his reputation on Wall Street earlier, especially after the outbreak of the subprime mortgage crisis. His many large-scale investments and acquisitions have made him the most watched person in financial capital.

The "Mr. Fink" that Barron mentioned is Larry Fink, the founder of BlackRock Group. Although BlackRock Group is also very well-known on Wall Street, Barron has never dealt with them directly before. But at the same time, he knows that after this crisis, the scale of assets managed by BlackRock Group will begin to expand rapidly with its extraordinary ability and courage.

It can be seen from the cars parked at the door that the guest who came to Barron's manor today was not only Larry Fink, but also the bosses of many companies including asset management groups such as Vanguard Group and State Street Corporation. Those who came were either the founders or the current managers of the group.

Well, John Bogle, the founder of Vanguard Group, also came here. This is not the first time he has met Barron. The two can be regarded as "old acquaintances"...

These bigwigs who can influence the American economy and even the world economic situation gathered together. In addition to discussing the subprime mortgage crisis, they also came to establish "friendship" at a deeper level.

Bogle had proposed to Barron about establishing a "friendship" earlier, but at that time, DS Group was only a younger brother, not to mention compared with Vanguard Group, even the relatively "weak" BlackRock, and a younger brother at that...

But now the situation is completely different. After only two years of development, the assets managed by DS Group have expanded several times. Although it is still far less than that of Vanguard Group, it can be said to be able to speak to it on a relatively equal footing.

More importantly, during this period of time, Barron has completed the adjustment of DS Group.

The shares of DS Holdings, which originally controlled SEM Group, O2 Telecom, United Energy Group, Woaw Technology and Argos Retail Group, have been transferred to the Cavendish Trust, and DS Holdings is only helping the trust to manage its assets. In other words, DS Group has completely transformed into an "asset management group" like Vanguard Group and BlackRock Group. In addition to various investment funds, this group also has equity management companies. Its main profits also come from investment sharing, and it no longer directly controls its own assets.

However, due to the scale of assets managed by DS Group and its profitability, its revenue is actually not weaker than that of Vanguard Group and BlackRock Group at that time.

After all, the scale of funds under management is one aspect, and profitability is another.

A big reason why Vanguard Group now manages hundreds of billions of dollars of funds is that their "fees" are lower, making them competitive. In terms of profitability, their profitability is actually not higher than that of DS Group.

The same is true for BlackRock Group. Before this, the scale of BlackRock Group was not that exaggerated, and its profitability was also not as good as that of Vanguard Group...

So under such circumstances, especially after Barron made a series of adjustments to the DS Group, all parties, mainly Vanguard Group, BlackRock Group and other companies and the DS Group, have a basis for further increasing the "friendship".

To be more realistic, Barron also understood that as he continued to invest more deeply in the United States and the scale of his investment became larger and larger, he could not avoid establishing "friendship" with these Jewish and Anglo-Saxon capitals...

Of course, in order to welcome the joining of DS Group, and although the scale of funds managed by it is larger than that of the other three companies - except BlackRock at this time, the scale of funds of Vanguard Group and State Street Corporation is larger - Vanguard Group has also made certain concessions.

DS Group will take out a total of 15% of the shares and cross-hold shares with Vanguard Group, BlackRock Group and State Street Corporation.

After these three companies each hold 5% of DS Group's shares, DS Group will correspondingly own 4.5%-5% of the shares of the other three groups, and so on.

"You are welcome to join us, Your Highness. This will be the foundation for our continued strength..."

Bogle raised his glass and said with a smile.

"This is indeed cause for celebration, gentlemen..."

Barron also had a faint smile on his face:
"As for the Costco thing, I think today is all we need to celebrate, and I don't want to think too much about it right now."

He walked over to Larry Fink and said:
"By the way, Mr. Fink, congratulations on your great job on the liquidation of those bonds. It was no easy task..."

"Yes, Your Highness, that is indeed a headache, but fortunately we did a good job."

(End of this chapter)