Reborn as a tycoon in Hong Kong

After Vivien Kelly left, Lin Baicheng looked at Haruko Maori and said, "Haruko, what do you think they want to do to establish this fund?"

Haruko Maori and Vivien Kelly were not from the same group, so she did not hide her thoughts and said: "Makoto-kun, I think they want to operate more funds so that they can get more commissions. Furthermore, if they make money for investors, then their reputation will be established, and if they are not happy at Golden Fleece Company in the future, they will not be short of new buyers."

"It's pretty much what I thought."

Lin Baicheng couldn't help but nodded slightly when he heard this. He thought so too. He didn't believe that Vivien Kelly and the others would be selfish and loyal to him. He knew it was impossible even if he thought about it.

"Of course, although they have selfish motives, Vivien Kelly is right in what she said. If a fund is established, it will indeed be of great benefit to you, Mr. Cheng."

Haruko Maori said matter-of-factly: "For example, if they are optimistic about a certain stock, they can first use Chengjun's funds to buy the stock, and then use the fund's funds to buy the stock. This is equivalent to raising the stock price in disguise. At the same time, if When they are ready to sell, they will definitely sell your funds first, Chengjun, and then sell the fund’s funds.”

"Also, funds can charge management fees, and they can get different proportions of commissions after their profits exceed a certain standard. In this way, the company's profits can increase a lot. Although they have to use part of it as their commissions, Cheng-kun, you definitely make the most money, there is no doubt about it.”

“It seems like it’s still beneficial.”

Lin Baicheng has actually thought of these things, but if the funds managed by the fund are too small, it won't make much sense, because he won't make much money.

"Haruko, do you think I should agree to let them set up a fund?"

"Chengjun, I am more inclined to let them set up a fund."

Haruko Maori thought for a while and said: "After the fund is established, it will definitely belong to the company in name. Even if Vivien Kelly and others become familiar with the investors in the future, they will take away some investors after they leave the company, but there will definitely be some As long as the investors stay, it’s impossible for them all to leave with them.”

"After all, the United States is a capital society, a paradise for the rich. The rich have great influence. If Chengjun, your company can make money for them, if you encounter trouble in the future and need to use them, they will definitely I don’t mind helping. Of course, the premise of all this is that the company can make money for them, and make a lot of money.”

"The most important thing is that Golden Fleece Company currently has no reputation in the capital market. The fund established by the company may not raise much capital. It may only be a small fund at the beginning. If such a small fund wants to develop, I don’t know how many years it will take, but if there is improvement in three to five years, I can say that Vivien Kelly and the others have done a good job.”

"Therefore, we can let them set up the fund now. If they are strong in the future, Chengjun, you will only give them more funds to operate. Even if they set up the fund, they may not leave the company. After all, a good person The platform is not that easy to find.”

"If they are not capable enough, then needless to say, Cheng-kun, you might kick them out of the company at some point, or demote them and transfer them away from the management. Whether the fund established has any impact has nothing to do with them."

"You are right, it is not that easy for a fund to develop."

Lin Baicheng agreed very much with Maori Haruko's view. The impact of the establishment of the fund will not be apparent until at least several years later. There is no need to think about it so much now.

Vivien Kelly, Doug Goldon, and Sun Yiyang are not very well-known in the U.S. capital market. They can only be considered middle-level at best. Even if they were allowed to set up a fund, they would not be able to raise much money, and the nature of their work is not the same. No changes occurred.

Lin Baicheng is different. The reason why many people gave him money to manage the fund he established in Xiangjiang was because he brought huge profits to Hutchison Whampoa by operating Hutchison Whampoa's funds. , making many people jealous, he has proven his ability, and many people are willing to take a gamble on him.

Vivien Kelly, Doug Goldon and Sun Yiyang are not very famous in the United States, and Golden Fleece Company has just been established. How much money the company can raise after setting up a fund remains to be determined. A big hello.

"It seems like this fund is ready for them to set up. If they can really develop the fund to raise $1 billion or more, that would be a good thing for me."

Of course it is a good thing. Putting aside everything else, if the funds managed by the fund can really reach a scale of 1 billion U.S. dollars, then the annual management fee of 2%-5% for the fund alone will be 20 million to 50 million U.S. dollars. It depends on how the fund charges. Management fees are charged regardless of the performance of the fund. Management fees are charged when you invest money in the fund.

In addition to the management fee, there is also a commission. The commission depends on the negotiation between the fund and the investor. Usually, the commission is only for profits. Generally, it is not less than 5% of the profit and not more than 30%. It will be specific for each fund. It will be different again.

The reason is simple. If the profits of a certain fund exceed 100% or more for several years, then this fund will definitely charge a higher commission, and investors will agree. After all, the profits are high and they will not be willing to change funds.

Maori Haruko suggested: "Mai-kun, I think you don't have to agree to them immediately. If they want to set up a fund, you should agree to them immediately. This is not good."

"What you said makes sense, Haruko."

Lin Baicheng nodded in agreement, he still understood this truth.

"It's almost time, Haruko, we should go to the auction."

Lin Baicheng said after looking at his watch.

"Um!"

Mouri Haruko responded.

Lin Baicheng and Maori Haruko were going to attend an antique auction, which was introduced by Phil Smith. The auction mainly focused on Western antiques, but Chinese antiques were also available, so Lin Baicheng was willing to participate.

Although he said he would attend the auction, Lin Baicheng would not necessarily bid, let alone buy all the Chinese antiques. If the price was too high, he would not be taken advantage of. There are too many Chinese antiques scattered overseas, and he simply cannot collect them all by himself. Therefore, there must be a choice. Don't take the ones that are too expensive, and don't take the ones that he doesn't like.

As for what to do if such antiques are not photographed and are living overseas, there is no way. After all, Lin Baicheng's abilities are limited. What he can do is try his best, rather than buying all the antiques and taking them back to Hong Kong regardless of the cost.