My 1999
Chapter 249 Merrill Lynch’s Investment
"Merrill Lynch invested $100 million?"
Xu Liang was a little surprised. Dalmore, which he cooperated with, only invested 50 million.
"Yes. And Mr. Dan Bailey, President and Chief Operating Officer of Merrill Lynch, wants to meet you in person." Zhao Xundao.
Xu Liang was stunned. The president and chief operating officer of Merrill Lynch was almost the second-largest person after the CEO of Merrill Lynch, which shows that he takes it seriously.
"Meet? Where?"
"He himself has arrived in Xiangjiang and is currently staying at the Peninsula Hotel."
"Did you specify the reason?"
"No."
"You make an appointment for me. I will meet him in Private Room 5 of the Peninsula Hotel restaurant at seven o'clock tomorrow evening."
"yes."
"Lu Hui, please confirm the private room with the hotel for me."
Lu Hui nodded.
"Old Zhao, during this period, you can recruit more people for the hedge fund department. Counting Qinglong Fund, they don't have enough people."
"yes."
Xu Liang glanced at the document in his hand.
Except for Morgan Stanley and Merrill Lynch, other investment banks only invested 20 to 30 million US dollars.
After all, one success cannot prove Hongyan's strength, so they should be cautious.
However, if added up, Qinglong Fund’s fund shares are almost US$300 million.
After explaining to Zhao Xun, Xu Liang came to the hedge fund department with the documents.
"Mr. Xu."
Sun Zhenping hurriedly came up to greet him.
"How about it?"
"All US$12 billion has been invested. This is the position data of each company we hold."
After Xu Liang took the document and glanced at it, his eyes turned to the big screen in the middle.
Look at the slightly rising green curve.
"Has it started to rise already?"
"The emergence of bullish institutions like ours in the market has led to a rise in military industry stocks against the trend."
Xu Liang nodded, not surprised.
There is no shortage of smart people in this world, and there is no shortage of connections who can know the news in advance.
"What's the date today?"
"It's September 29th."
Xu Liang nodded. He only remembered that the war in Afghanistan started in October 2001, but he could not remember the specific day.
Look at Sun Zhenping.
"The company decided to set up a hedge fund 'Qinglong'. It has raised US$280 million so far. The lock-up period is two years. It will be placed in the hedge fund department and handed over to you to lead."
There was a hint of excitement in Sun Zhenping's eyes.
"Thank you, Mr. Xu, for your trust."
Xu Liang smiled and continued: "From today on, the hedge fund department will be divided into two parts, one is the self-operated department and the other is Qinglong Fund. I have already said hello to Mr. Zhao and he will add more manpower for you."
"yes."
"Qinglong Fund is a stock-oriented fund, which is the specific investment direction."
As he spoke, Xu Liang handed over a handwritten document.
Sun Zhenping took it and took a look.
It was clearly written on it.
Yahoo, eBay, Qualcomm, BlackBerry.
9/11 brought disaster to many companies, but it made one mobile phone company successful, and that was BlackBerry.
When September 11th broke out and all communication equipment in the United States was paralyzed, Vice President Cheney's BlackBerry successfully connected to the unlimited Internet and received real-time news from the disaster scene anytime and anywhere.
This is simply the best kind of publicity, more effective than any amount of advertising.
After September 11, a craze for buying BlackBerrys broke out in the United States.
The U.S. Congress also gave each member of Congress a BlackBerry during the recess due to the September 11th incident, allowing members to use it to handle state affairs.
Since then, the portable electronic device has become a common electronic device for corporate executives, consultants and Wall Street businessmen.
This BlackBerry craze has even affected China.
In 2008, at its peak, BlackBerry’s market value reached US$100 billion.
Unfortunately, Gang Leader Qiao was too powerful and put the blackberry into the trash can with one kick.
The reason Xu Liang remembers it so clearly is because his second mobile phone was a BlackBerry.
The September 11 incident was widely publicized as a marketing hotspot for BlackBerry mobile phones, so he knew it so well.
"You invest US$120 million in each of these four companies to more than triple the leverage." Xu Liangdao.
How to achieve triple leverage?
After purchasing Amazon's equity for US$120 million, the equity is pledged to a bank for a loan. Under normal circumstances, the loan can be 70%. That’s the equivalent of $84 million.
Use this money to buy Amazon stock and then mortgage it.
At 70%, a loan of US$58.8 million can be made.
Then keep repeating the process.
"While the stock prices of these companies are now falling, hurry up and buy goods." Xu Liang continued.
"yes."
Sun Zhenping nodded.
After looking at him, Xu Liang said: "After the military stocks are closed this time, the company will register another White Tiger Fund. I will inject 30 million US dollars into this fund and leave it to you to control. It is up to you to decide how to invest. I won’t interfere.”
Sun Zhenping quickly said happily: "Thank you, Mr. Xu."
Although the company made a lot of money this time, Sun Zhenping knew that it had little to do with him. He was just an executor.
As a master of finance from the University of Hong Kong, he has studied hard for many years and is unwilling to be just a yes man.
"Work hard, I'm waiting for your good news."
"yes."
Xu Liang glanced at the document with the names of the four companies written on it, folded it and put it in his coat pocket.
In fact, what he wants to invest in most is Apple.
As soon as Boss Qiao's iPod comes out, Apple's stock price will definitely skyrocket. Taking advantage of the 9/11 opportunity to get on board is the only chance to hold a large amount of Apple stock.
However, he kept this most delicious fruit for himself and had no intention of sharing it with outsiders.
Similar to Apple stocks, there are Chinese concept stocks.
The outbreak of Monternet has made Chinese concept stocks, whose current share prices are basically below US$100 million, run like wild horses. In just one or two years, they have risen to one billion, or even more than two billion US dollars.
In other words, you can earn more than ten times or even dozens of times a year.
Too profitable.
The only pity is that the scale is too small. Even if the profit is more than ten times, it may not be as much as the double investment in Yahoo.
But it doesn’t matter, as long as you can make money.
——
Box No. 7 at the Peninsula Hotel.
A thin, bald middle-aged man wearing a brown suit walked in under the guidance of Lu Hui.
When he saw Xu Liang, he stretched out his right hand first.
"Mr. Xu, nice to meet you."
"Mr. Bailey, you're welcome. Please sit down."
"please."
After Dan Bailey sat down on the sofa next to him, his eyes couldn't help but look up and down.
"Mr. Xu is much younger than I thought."
"This is what many people said after meeting me for the first time." Xu Liang said with a smile.
"Haha, this also illustrates Mr. Xu's unparalleled business talent and financial talent."
Xu Liang smiled and said: "Is this the reason why Merrill Lynch subscribed for a US$100 million share of Qinglong Fund?"
Dan Bailey nodded, "We noticed it when Mr. Xu first shorted Yahoo through Merrill Lynch Asia. This shorting of Enron once again confirmed Mr. Xu's outstanding talent in investment.
Therefore, we are very willing to cooperate with Mr. Xu. "
Xu Liang suddenly realized.
As soon as he arrived in Beijing late last year, he made initial capital for his career by shorting Yahoo through the cooperation between CITIC and Merrill Lynch. This matter is unknown to outsiders, but it is certainly not a secret to Merrill Lynch.
"No wonder they invested so much money in me."
In financial investment, making a big profit may really be luck.
But if you will earn several times excess returns both times, it is not luck.
"I am very grateful to Merrill Lynch for your trust, and I will do my best to repay this trust."
Dan Bailey smiled and said, "We believe in Mr. Xu's ability."
There was a pause.
"This time I came to Xiangjiang to visit Mr. Xu in person. In addition to cooperation in financial investment, I also want to cooperate with Mr. Xu in business operations."
Xu Liang understood what he meant instantly.
“Merrill Lynch wants to invest in Hongmeng?”
"This is just one aspect. We would rather be Hongmeng's listing underwriter."
"I'm sorry that Mr. Bailey is late. I have already promised Morgan @about this."
"Mr. Xu, when a large Internet company like Hongmeng is listed, one listing underwriter cannot get it the value it deserves. The normal choice is for the two to work together.
This is true for both eBay and Amazon. "
Xu Liang was silent for a moment, then picked up the tea on the table and took a sip.
When he signed the contract with Morgan Stanley, Sherron Volentes wanted to be the sole underwriter of Hongmeng International's listing, but he refused.
As Dan Bailey said, the two underwriters work together to be able to sell at a high price after listing.
"The reason why Morgan Stanley was able to obtain the status of Hongmeng's listing underwriter is that it promised to invest in Hongmeng at a price-to-earnings ratio of 35 times. If I agreed to Merrill Lynch, what can you give me?"
"It's very simple. We at Merrill Lynch are willing to accept any of Mr. Xu's conditions for Hongmeng's Series B financing."
Xu Liang thought for a while, stood up and stretched out his right hand towards the other party.
“A pleasure to work with.”
The future of Hongmeng International is to try its best to win over thick thighs to protect itself. Merrill Lynch's thighs are very thick.
“A pleasure to work with.”
"By the way, Mr. Xu seems to be very optimistic about the US military industry stocks?" Dan Bailey suddenly asked.
Xu Liang nodded.
His operations cannot be hidden from the investment bank as a platform.
"The September 11th incident shocked the world. As the global hegemon, the United States was attacked on its homeland for the first time since World War II. It must give an explanation to the domestic people.
War is the best explanation. It can divert the attention and anger of the domestic people. "
Dan Bailey thought for a moment, "I suddenly felt that Merrill Lynch's investment share of US$100 million may be a bit small. We should give Hongyan US$200 million, or even more."
Xu Liang smiled and shook his head, "Mr. Bailey, there are many smart people. The rise in US military stocks against the trend in the past few days is the best proof."
"But they understood it too late, far worse than Mr. Xu who already had a chance to win."
"It's too early to say that."
Xu Liang is not proud. Before he can make money, no matter how much money he has, it is just a number in the stock market.
Looking at the young man opposite who always smiled and had a calm look in his eyes, Dan Bailey could not help but feel a sense of admiration in his heart.
In the United States, many people make a lot of money at a young age.
But there are very few people who can remain calm and keep their wealth.
After a dinner, and after leaving each other's contact information, Dan Bailey said goodbye.
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