My 1999
Chapter 374 Partners
"Senior Partner?"
Seeing the promotion terms at the back, Huo Yan's heart moved and he couldn't help but pay more attention.
Today's Hanhua is no longer the Caotai team it was three years ago.
The rules and regulations are already very complete, and we have the ability to attract top talents to join.
Therefore, when financial talents like Huo Gang join, they generally will not be given shares.
However, as the pinnacle of career advancement, senior partners can still obtain shares in Hanhua.
But this part of the shares is not easy to get.
A senior partner will be promoted only if the growth rate of the fund he is responsible for has been above 10% for three consecutive years.
For those who work in finance, it is not difficult to achieve 10% growth in the funds they are responsible for in one year, but it is different for three consecutive years.
The difficulty increases exponentially.
Only those with truly top financial talents can do it.
"Sure enough, promotion in Chinese-funded financial institutions is better than foreign investment." Huo Yan said in his heart.
In Morgan Stanley, no matter how talented he is, he is just a tool to make money. He will never be promoted to senior partner or get shares.
Swish.
Signed his name at the end.
Of course, there is also a three-year non-compete agreement.
Xu Liang took it and took a look, then nodded with satisfaction.
"We will be a family from now on."
"Thank you for your attention, I will do my best to contribute to the development and growth of Hanhua."
Xu Liang nodded and said, "The London branch has just been established. As the general manager of the company, you should set up the company in the next few days. By the way, what is the name of the new fund you have?"
"OK."
After talking to Huo Yan, we had dinner and let him go.
The other party's work efficiency was beyond Xu Liang's expectations.
In just two days, with the help of Hanhua's staff, the establishment of the London branch of Hanhua Capital was completed.
City of London, First Canada Place.
As the tallest building in the UK, being able to locate offices here is a symbol of strength and status.
When Hanhua Capital first arrived, it needed such external conditions to demonstrate its status and strength.
So Xu Liang authorized Hanhua Capital to rent 500 square meters as its London office in the most expensive place in the UK.
Considering that Hanhua Capital currently has less than thirty employees, such a large area is considered a luxury. However, it also leaves enough room for expansion for the company.
Xu Liang stood in front of the floor-to-ceiling window, overlooking the entire British financial heart, and couldn't help but have the illusion that the world was in his hands.
He took a breath, calmed down his messy thoughts, and turned his head.
Looking at Huo Yan, who was wearing a crisp black suit and looking extraordinary, he nodded with satisfaction.
"You've done well these past two days."
"It's all what I should do." Huo Yan said modestly.
Xu Liang smiled and said, "Thirty million US dollars of funds will be put into the Taotie Fund in three days. The specific investment direction will be left to you."
Huo Yan was overjoyed and quickly thanked him.
Taotie Fund is the name he gave to the fund he manages.
The glutton is a ferocious beast that swallows everything, which is in line with the meaning of hedge funds.
"In addition, the head office will transfer a sum of US$200 million to you for control. Your task is to use this money to acquire as much equity as possible in the Premier League giant Manchester United."
As the general manager of the London branch of Hanhua Capital, Huo Yan is not only responsible for the investment of Taotie Fund, but also responsible for the European business of the head office.
He knew this when he signed the contract, so it wasn't a surprise.
I just didn’t expect that the company would make a huge order of US$200 million as soon as it was launched.
And it’s a football giant like Manchester United.
"Mr. Xu, are we going to leverage a buyout of Manchester United?"
Xu Liang nodded, "The British football industry is commercialized enough, English is the world's first language, and the economies of English-dominated countries are sufficiently developed, which means that the market potential of British football is large enough, so I am optimistic about the potential of the Premier League. "
Huo Yan nodded, "Mr. Xu. As a British football giant, Manchester United has too much influence. In 1998, Murdoch wanted to acquire it, but ultimately failed due to the joint opposition of fans, the Football Association and the British government.
If we acquire it, I'm afraid it will be very difficult. "
Xu Liang also learned about Murdoch's acquisition of Manchester United during this time.
"The reason why Murdoch failed is more because he is the owner of Sky TV and controls the broadcast rights of the Premier League. If he wins the club again, it will easily lead to a monopoly.
We at Hanhua Capital do not have this problem.
As long as our funds can pass the FA's review, there will be no problem in acquiring Manchester United. "
As for the fans.
In this world, it is never the majority at the bottom that can really influence decisions.
"Our Hanhua Capital's funds come from financial institutions and wealthy people from all over the world. There is no problem in itself. The Football Association should not hinder us in this regard." Huo Yan said.
Xu Liang nodded and said: "First acquire the shares of Manchester United from the secondary market. When enough shares have been acquired, you can then visit the Football Association.
Remember to mention Huaxia Market more.
I believe that the FA should be happy to expand the Premier League's global influence, and China, with a population of nearly 1.3 billion and rapid economic development, is our biggest weight. "
Huo Yan nodded.
"Mr. Xu, do you have any other requirements for a leveraged buyout of Manchester United? Should you get as many shares as possible in the shortest time, or should you spend as little money as possible to get the shares?"
Xu Liang thought about it.
If you take more shares in a short period of time, you will definitely spend more money.
The latter is the opposite, but the disadvantage is that the variables are too large.
The key is that he doesn't remember when the Glazer family took action to acquire Manchester United?
If once caught in a fight.
The acquisition cost is even greater.
"Given you a month, how much can you acquire?" Xu Liang asked.
"At least 30%, but Manchester United's market value will increase by 50%."
It is certain that rapid acquisitions will lead to a rapid rise in stock prices.
"How about two months?"
"20%, but Manchester United's market value will increase by at least 15%."
If the acquisition time is extended, many uncertain factors will arise. In particular, many speculative institutions will rush in to raise funds, and the equity acquired will naturally be much less.
"If it is extended to half a year, I am confident that we can acquire 30% of the shares if Manchester United's market value does not exceed 300 million pounds." Huo Yanconfidence said.
Xu Liang thought for a while.
Manchester United has already had the experience of being acquired once, and will naturally resist outsiders like him.
Once the acquisition is extended, the pressure from fans, the Football Association and other aspects will increase exponentially.
So the best way is to use a stormy attitude to get enough shares first and take the initiative. By that time, unless John Bull disregards face and intervenes administratively, it will not be able to stop Hanhua's acquisition.
After making a decision, Xu Liang turned around.
"The first 5% of the shares must be acquired as much as possible without alarming the market. When you get the 5% of the shares, I want you to launch a blitzkrieg in half a month and get the shares at any cost."
According to the rules of the securities market, after the investor obtains 5% of the shares, he must submit an "investment letter of intent" to the Securities Commission and the target company within 15 days to indicate his investment purpose.
Many hedging institutions will use this half-month time difference to acquire as many shares as possible in order to avoid competition from competitors and take the initiative without giving the target company time to react.
Huo Yan felt hot in his heart and quickly agreed.
When he was at Morgan Stanley, as a trader, his favorite thing was the blitz.
"One more thing. You will attend the Standard Chartered shareholders' meeting with me in three days."
"Standard Chartered's shareholders' meeting?" Huo Yan was surprised.
I didn’t expect the big boss to be so rich.
Standard Chartered has a market capitalization of nearly 10 billion and its business spans more than 80 countries and regions. It is a truly global financial giant.
Being able to participate in the shareholders' meeting means that the big boss holds at least 5% of the shares.
This is a huge sum of money.
"I am a major shareholder of Standard Chartered. When I attend the shareholders' meeting this time, I can get two seats on the board of directors. I will have one seat, and I plan to let you take the remaining one."
"I?"
This was really beyond his expectation.
Xu Liang nodded, "Standard Chartered's headquarters is here. As the general manager of Hanhua London Branch, you are the most suitable candidate because of the convenient location."
The original plan was to give this board seat to Jiang Xiaoyang.
But the latter didn't want to travel between China and London, so he refused.
Huo Yan reacted quickly and agreed.
Being able to serve as a director of Standard Chartered, a banking giant, and be deeply involved in its management will undoubtedly greatly enhance one's status and influence in the financial industry, making it easier to carry out Hanhua Capital's business.
——
The time soon came to October 8th.
You can see luxury cars entering and leaving the Waldorf Astoria Hotel in London.
When a latest Mercedes-Benz parked at the door, Xu Liang and Huo Yan walked down from it.
Joining Lu Hui and Huo Gang who came out of the second car, the four of them walked hand in hand towards the interior of the hotel.
After showing the invitation letter, he was guided to the conference room by Standard Chartered staff.
When he came in, the place was already mostly full.
"Mr. Xu?"
The familiar voice made Xu Liang look over subconsciously. A familiar person was walking towards him quickly.
"Mr. Qiu, we meet again."
Qiu Jinshan walked over quickly and extended his right hand enthusiastically.
"Just now I was wondering if Mr. Xu would come, but I didn't expect you to actually come."
Qiu Jinshan smiled.
“It’s your first time attending the Standard Chartered Shareholders’ Meeting. You can’t be late.”
Qiu Jinshan nodded in agreement and then turned his eyes.
"Who is this……?"
"Let me introduce you. This is Huo Yan, general manager of our London branch of Hanhua Capital."
"Hello, Mr. Qiu."
Huo Yan stretched out his right hand.
"Hello, hello. Mr. Huo is a talented person with an extraordinary temperament. It can be seen that he is also a rare financial genius."
"You flatter me."
Huo Yan smiled reservedly.
After the two greeted each other, Qiu Jinshan smiled.
"Mr. Xu is really a genius. Under your control, Hanhua Capital is developing better and better."
"I need more support from Mr. Qiu." Xu Liang said with a smile.
"Haha, we definitely support it."
The occasion was wrong, so the two of them didn't chat much. After saying hello, they walked to the seat with the nameplate and sat down.
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