Reborn Capital Empire

Chapter 242 Phoenix Half-Year Financial Report (Part 1)

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What I got from Rebecca Mark was too unexpected for Guo Shouyun. Although he had no idea about Enron before, but out of respect for the results summed up after three years of hard work. He personally called his 'big ministers' and summoned them to New York.

For this surprise, a solution that will have a major impact on the Pan Pacific Group in the future. Guo Shouyun himself flew to New York from Essect after saying goodbye to Molly Bevan.

"boss!"

"bss!"

In the headquarters building of Phoenix Corporation, Guo Shouyun met with the company's president, William Zhang, who is in charge of Phoenix Fund and Phoenix Trust, the company's co-founder, Michael Moritz, who is in charge of Phoenix Capital, and Patty Sellers, the chief financial officer. Human resources officer Tim Smith, and senior risk officer David Reinissi, all of whom sit on the Phoenix board, with the sole exception of Carol Lusmi, the ex-e and founder of Isaac Fund. , is now a consultant at Phoenix Corporation.

After shaking hands with everyone and saying hello, after everyone took their seats, Guo Shouyun said quickly: "I gathered everyone today mainly for two things: first, half of the 2oo year has passed, and I want to know about the company's half-year performance. Second , I have a plan for Enron here that needs to be discussed with you. Of course, the management of Pan Pacific will also participate in this discussion with you. However, they will be back tomorrow. So, our topic today is mainly Phoenix The company's half-year summary!"

William Zhang and Michael Moritz looked at each other. Guo Shouyun wanted to know about the company's half-year performance and it was not unexpected, but about Enron's plan, he had to communicate with Pan Pacific Energy Group, a new company owned by the boss. It was a bit difficult for them to understand when the members discussed it together.

However, Guo Shouyun did not give any further explanation. After he finished speaking, he directly clicked on William Zhang's head.

"William, as usual, you should start first!"

"Boss, I can't report the overall revenue of Phoenix Company to you. After all, the Thunder Fund has not provided an accurate balance sheet to the head office yet!"

Following his words, everyone present, including Carol Lusmi, focused their attention on Guo Shouyun, who was sitting in the center seat. Now, the outside world has different opinions on the revenue of the Thunder Fund, and they also want to know the accurate information.

Facing these gazes, Guo Shouyun, who guessed what they were thinking, nodded. Although the Thunder Fund has a need for confidentiality, it cannot say nothing when facing the top management of its own company. If you really want to do this, it is easy to cause estrangement. Not good for the company's future.

"I will add this at the end, you just need to report the two companies you are responsible for, the Phoenix Fund and the Phoenix Trust!"

After William Zhang nodded, he opened the information in his hand.

"Starting with Phoenix Fund, after the integration of Anshuo Capital in the first half of 2000, Phoenix Fund has a total of 27 open-end funds, with assets under management of 2.3 billion US dollars. Excluding the factors of mergers and acquisitions, the asset growth rate is 83%. The revenue was 3.7 billion US dollars, and the net profit after tax was 32.83 million US dollars. The largest of the 27 funds is Phoenix Currency b, with a total management asset of 300 million US dollars. The largest average increase is the Phoenix High-tech Industry Stock Fund, with an average return rate of 5734% in the first half of the year. …”

It is not difficult to understand the huge scale of Phoenix currency b assets. Because Amazon, Apple, paypa1, Matrix, etc., all the funds of Guo Shouyun's holding and infiltration companies are transferred inside. By analogy, Phoenix Industry b is the company's 'Yue Bao'. Put it in when you don't need it, and take it out when you pay.

"Next is Phoenix Trust. At present, Phoenix Trust has a total of 892.7 billion US dollars in assets. Among them, equity assets account for 732%, fixed income assets account for 78%, and real estate, insurance, precious metals and other assets account for 9%! 2oo last year In half a year, Phoenix Trust achieved a total revenue of US$700 million and a net profit of US$4,788.32 million."

Most of the assets of Phoenix Trust belong to Guo Shouyun. For example, Matrix, Guo's, Google, LinkedIn, Apple, Amazon, Pan Pacific Group, etc., although the ownership is under the Guo Family Wealth Trust, the Guo Family Charity Fund, and the Bruce Scholarship Fund, the management rights are basically placed in under the Phoenix Trust. The faster Guo Shouyun's assets grow, the more assets of Phoenix Trust will grow. However, judging from the Phoenix Trust's exhibition, William Zhang's management is not bad. At the very least, the proportion of equity assets is much lower than that at the end of last year, which was as high as 90%.

"More detailed revenue data about Phoenix Fund and Phoenix Trust will be in your hands in a while. Due to time constraints, I won't introduce more here!"

After nodding clearly and waving him to sit down, Guo Shouyun's eyes turned to Michael Moretz.

Without further ado, with the prepared materials, he also began to tell the Phoenix Company's board of directors the operating performance of Phoenix Capital for the past six months.

"At present, Phoenix Capital has a total of two businesses, venture capital and private equity investment, that is, v and pe. In the v field, Phoenix Capital has a total of No. 2, No. 3, No. 5, No. 7 and No. 8. No. 7 funds invest in Internet sector, high-tech sector, biomedicine sector and new energy sector respectively, including 3 internet sector funds, two each in high-tech sector and biomedical sector, and only one new energy sector fund on No. 8 ."

"According to the existing market valuation, the current total value of the 7 V funds of Phoenix Capital is 32.7 billion US dollars. Among them, the fund with the most assets under management accounts for one-third of the total value of the 7 funds."

"Has Netflix's listing time been set?" Guo Shouyun interjected.

"It's fixed, the 7th of this month."

"Have you read Netflix's prospectus?"

"Look. The total share capital is 100 million shares, 2000,000 shares are sold, and the price per share is $25! Goldman Sachs and Merrill Lynch are responsible for the underwriting. At present, the market has responded well to Netflix's listing, and it has generated 8 times during the roadshow. Amount of subscription!"

Guo Shouyun nodded, "Looking at it this way, there will be a big increase after Netflix goes public. It's a good thing for us!"

Originally, Phoenix Capital held a 25% stake in Netflix. Except for the 0% agreed to the management before the listing, and the 20% of the bank, Phoenix Capital still holds 923% of Netflix! Although it has decreased a lot, according to Netflix's asking price, which is a huge sum of money worth $4.8 billion. Compared with the investment of ooo million dollars a year ago, it has achieved 8 times the return. And, that doesn't count the room for Netflix's stock appreciation after it goes public.

This is the charm of venture capital. Once it is hit, the rate of return will be several times, dozens of times, or even hundreds of times.

"continue!"

Guo Shouyun waved his hand.

"As of now, the 7 funds of Phoenix Capital V have a total revenue of $25.88 million and a profit of $3.87 million!"

"Already have revenue?" Guo Shouyun asked in surprise.

Half of the harvest period for venture capital is two to three years, or even longer. Phoenix Capital has only been established for a little over a year now, and most of its investments are growing.

"Fund No. 3 invested in a biotech company called 'Bed Pharmaceuticals' last year. They were acquired by Amgen in April this year. We hold less shares, so we simply cashed out our position!"

After nodding, Guo Shouyun continued, "How many companies are there under Fund No. 3 now?"

"Seven companies, the one with the most shares is Celgene, which holds o23%!"

"Understood, let's continue!"

After agreeing, Michael Moritz continued: "As for Phoenix Capital PE, it currently has a total of $900 million in assets. It currently holds shares in 7 companies, of which ri is the largest company, holding 23%! Second Celgene holds 3% of the shares! The least is Starbucks, which holds 3%!”

"Is Paul's stubborn donkey still brooding that I stole his investment opportunity?" Guo Shouyun said after nodding.

Wen Yan~www.wuxiaspot.com~ Michael Moretz showed a wry smile on his face. At the beginning, the acquisition and integration of Pacific and Southern California was the idea of ​​Paul Lehman, the head of the pe department of Phoenix Capital! However, after keenly aware of the opportunities contained in the energy market from the information he provided, Guo Shouyun decisively gave up just making equity investment, but invested heavily and managed the energy industry as his core business. Of course, Paul Lehman's plan was scrapped.

"Paul keeps complaining that you robbed him of the fruits of his labor!"

"Haha, I knew this guy would think so! However, strictly speaking, he is right. Well, I will give him an additional $200 million and let him choose his own investment target as compensation!"

"I'll call and tell him the news after the meeting, I think he'll be very happy about it!"

Guo Shouyun nodded and waved Michael Moretz to sit down.

"Everyone is doing well. Our Phoenix company is growing step by step. I believe that as long as we maintain this level for a few years, we can become one of the most respected financial companies on Wall Street!" With earnest eyes, Guo Shouyun smiled, "I am responsible for the management of the Thunder Fund, and I will tell you about its performance!"

As soon as the voice fell, the eyes of everyone present instantly lit up. Guo Shouyun's series of mergers and acquisitions in the first half of this year were all large-scale, involving tens of billions of dollars. Except for the loans and bonds of financial companies such as Goldman Sachs, Merrill Lynch, and Seymour, the most reliable source of funds was Thunder. Therefore, they very much want to know what kind of revenue this mysterious hedge fund has achieved in the past year or so!

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