America's Road to Fame

Chapter 223 Fund Inventory
The conglomerate transformation of Meta Investment Company went smoothly, but one thing is that there are still shortages of people in many positions in the group company and its subordinate companies. It seems that it is more difficult to find a powerful chief human resources officer (CHO). matter of urgency.

Now there is another thing that William Chen is considering, and that is the shares of Hermes Group that he currently holds.

Hermes is a luxury brand. If other investments are more or less related to William Chen’s main business, then there are two investments that are more similar to financial investments. One is the investment in the Troup Group. Originally, William Chen He has Building No. 666 in his hands, which can be regarded as somewhat related, but the most important thing is that he has a deeper connection with Ivanta in terms of interests.

As for the Hermes Group, it also has some relationship with Paris's HC Company. After all, it is a fashion industry, with products such as perfume, clothing, and women's bags. Therefore, William Chen initially planned to inject the shares of the Hermes Group into HC Company. .

But there is a problem. When William Chen invested 2500 million US dollars, he valued HC at 5 million US dollars and only needed 5% of the shares.In fact, to put it bluntly, it doesn’t matter if the money is completely lent to Paris, and it seems that the valuation of products that are mainly made under Paris’s own brand cannot be really that accurate, so he was given a very high price. valuation.

Paris also knew what William Chen meant, so after absorbing her younger sister's brand, she did not dilute William Chen's shares. She still held 5% of the shares, and she distributed part of her shares to her younger sister.

Anyway, in the end, it won't be a loss. Paris's brand in the previous life and later could reach a scale of 30 billion US dollars. Now with the help of William Chen, it must be high but not low.

But even so, the current share price of the Hermes Group has been at a high level of more than 85 euros, because there are few stocks in circulation, and most of them have been absorbed by William Chen. The Hermes family has also absorbed a part just in case. So the price can't come down at all.

Then based on this stock price calculation, the total market value of Hermes International Group has reached 128 billion U.S. dollars, and the value of the shares in William Chen’s hands exceeds 61 billion U.S. dollars. In this way, even if HC’s valuation of 5 million U.S. dollars is used, then the shares of Hermes Group in Chen William’s After the injection, his shareholding will reach 92.8%, and the Hilton sisters will only have 7.2% of the shares left. Then HC Company is equivalent to becoming William Chen's company...

But it is true that if the shares of Hermes Group are injected into HC Company, then HC Company will become the holding company of Hermes Group, which will be very beneficial to the development of HC Company’s Hilton sister brand and to enhance the company’s style. .

Therefore, in response to this situation, William Chen asked Paris for her opinion.

"Are you willing to do this? My dear, I have no objection at all, that's Hermes! It's really exciting to think that I will become the boss of Hermes. Even if the shares are small, it's okay. I can Collaborated with Hermès."

Unexpectedly, hearing this idea, Paris became even more excited. It seems that women are hard to resist a luxury brand like Hermès. Even being the owner of this brand in name is something that makes them extremely happy.

"Are you sure, baby."

"Of course, it doesn't matter whether you or I own the company. Anyway, are you interested in operating these things?"

Uh, Paris understands quite well at this time, indeed, William Chen is not very interested in this kind of fashion industry, but this is what Paris is good at.

So he thought for a while and said: "Then let's do this, but you should discuss it with your sister, and I'm going to communicate with the Hermes family first, so that I can show respect for each other, after all, now we Not long after the acquisition of this company, these things still need to be paid attention to.”

……

The acquisition negotiations of The New York Times have reached an agreement with the Salzberg family on most of the conditions. However, it will take some time before the final acquisition is completed. Now Nelson has led the team to acquire the assets of the New York Times Group. Conduct detailed audit investigations.

However, at this time, John Paulson has completed the liquidation of the stock short contract of No. 2 Fund. In the operation of No. 2 contract, he initially invested 5 million U.S. dollars, and later invested more than 1 billion U.S. dollars in No. 120 contract. The profit is added to the joint operation, and after the liquidation is completed, the final assets are as high as 315 billion US dollars.

Calculated in this way, the total principal of the entire No. 1 Fund and No. 2 Fund is 15 billion U.S. dollars, and the profit is 400 billion U.S. dollars. John Paulson has a 5% share of the profit, and he personally obtained a profit of 20 billion U.S. dollars. The remaining assets of the Fund No. 2 billion.

In addition, the No. 3 fund led by John Paulson has also closed some short positions. At present, the asset size of this fund is as high as 240 billion US dollars.

Among the three funds of Meta Investment Company, Fund No. 3 has been renamed Kettering Trust Fund, which was donated by William Chen to the Kettering Foundation, and the company conducts investment operations. It currently holds 1 billion long contracts of gold futures .

Fund No. 2 will be renamed Meta Fund after the short-selling contracts are completely closed, and become the self-operated investment fund of Meta Group. Its current assets are 295 billion U.S. dollars, all of which are in cash.

Fund No. 3 is funded by John Paulson as the fund manager, and the current asset size is 240 billion US dollars. After discussions between Chen William and John Paulson, they decided to withdraw income from No. 3 Fund and open it to the fund Buy and redeem window.

After this process is completed, Fund No. 3 will be renamed the John Paulson Fund. In addition to charging management fees, after the recalculation of the fund's net worth, John Paulson's share ratio will increase from 20% to 50% %.

The investment of No. 3 Fund is divided into two batches, the first batch is the initial investment of 5.05 million, and the second batch is the subsequent expansion of 50 billion US dollars.

Investors who initially purchased Fund No. 3 had a fund unit net value of US$1, and when the second batch of US$50 billion was invested, the assets of the original Fund No. 3 had risen to US$26.26 billion, so the Fund at this time The net value of the unit is $5.2.

That is to say, if you invest 100 million US dollars in the first batch, you can buy 100 million funds, but if you invest 100 million US dollars in the second batch, you can only buy less than 20 funds.

This is also very reasonable. Early investors will definitely be able to buy the fund at a lower price, and later investors will need to spend more to buy it after the fund has risen.That is, the initial investment, at this time has obtained a return of 420%.

At present, the total size of the No. 3 Fund exceeds 240 billion US dollars, and the net value of the fund is 16.38, which means that the investment of the first batch of investors has increased to 1638% of the original investment, while the investment of the second batch of investors has also grown based on 315% of gold, it can be said that the income is extremely amazing.

那么计算盈利分成的话，最初的5.05亿美元投资，盈利1538%，能够收取盈利在50%以内的20%，那么就是0.5亿美元；盈利50%-100%的25%，就是0.63亿美元；盈利超过100%部分的30%，就是21.78亿美元。

The total profit is divided into 22.9 billion US dollars, of which John Paulson gets 20%, which is 4.58 million US dollars; Meta Fund Company gets 18.32 billion US dollars.

第二批入资的50亿美元资金，能够收取的盈利在50%以内的20%，那么就是5亿美元；盈利50%-100%的25%，就是6.25亿美元；盈利超过100%部分的30%，就是17.25亿美元。

The total profit of this batch of investment is 28.5 billion US dollars, of which John Paulson gets 20% of it, which is 5.7 million US dollars; Meta Fund Company gets 22.8 billion US dollars.

Therefore, in Fund No. 3, after extracting the company's profit share, the total capital scale becomes 188.6 billion US dollars, of which the first batch of investors can get 59.6 billion US dollars, and the growth rate of assets is 1180%; the second batch of investors can It was distributed to 129 billion U.S. dollars, and the asset growth rate was 258%.

John Paulson received a total of US$3 billion in the No. 10.28 fund, plus the US$20 billion previously allocated, his profit so far in the subprime mortgage crisis has reached as high as US$30.28 billion, and he has entered the super rich's list in one fell swoop. ranks.

Meta Investment Company allocated a total of 3 billion US dollars in the No. 41.12 Fund, which is also an extraordinary profit.

For example, Paris and Ivanta each invested US$500 million into Fund No. 3 at the beginning. At this time, they can get US$5900 million for redemption, while the Dre family’s investment of US$1.5 million has become 17.7 Billion dollars, John Dray, who knew the result, was overwhelmed with joy.

And Rick Walton's investment of 1 million US dollars has also become 11.8 billion US dollars. He did not expect that this investment, which was more about establishing a relationship with William Chen, would become his most successful investment so far. an investment.

(End of this chapter)