Reborn Capital Empire - v2 Chapter 678

Chapter 678 Four Seasons Fund

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Although the houses Guo Shouyun intends to build are all small units and single apartments of less than 100 square meters, in the core urban areas of the new first-tier cities, the price of these houses will basically be between 1 million and 2 million after ten years. Not to mention Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong.

Ten million of these small units will be worth more assets ten years later than Amazon’s market value at its peak. Thinking of this, even Guo Shouyun is now a world-class rich man with a lot of excellent assets. Hearts are also surging.

Nothing was said. In the future, the core goal of Global Real Estate is to achieve it in the shortest possible time, and have 10 million small units in Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong, and at least ten second-tier economic power cities.

“Boss, you gave all the funds to Universal, I’m afraid Lao Xing will make trouble. Red Star Motors is also waiting for your funds to acquire Rover and revitalize its assets. You used the equity of Hanhua Holdings to borrow 4 billion US dollars from Standard Chartered Bank, The annual interest is 2 billion Chinese currency. In the past, 4 billion US dollars was gradually injected into the accounts of Global Real Estate and Global Fund. During the buffering time, the remaining funds can be used to obtain income in the capital market through the Mang Seed Fund, and the loan interest can be repaid by the way. Now, I am afraid that all this money will be used to support the world and start Tuniu’s project in Yunnan Province. This means that the interest of the 2 billion Huaxia coins in the next three years will have to be your own way.”

Guo Shouyun nodded, “Old Zhang, I never asked. How much money does Hanhua Trust make from the money it put in the mango?”

Since around the Spring Festival of the previous year, after receiving a loan of 4 billion US dollars from Standard Chartered Bank, he set aside 1 billion to give it to Global Real Estate to take advantage of the downturn in Hong Kong’s real estate market and purchase assets in large sums. The remaining three billion are put into the mans seed fund, mainly the long futures of gold and oil. Leverage is not much, just five times. Later, with the continuous development of Global Real Estate and Global Fund. After a portion of the funds are cashed out, they are handed over to the two companies for use. There is also a portion of cash repayment of loan interest. There are still 1.8 billion US dollars of this fund lying in the account of the awn seed fund.

In the past year and a half, gold has grown from US$340 per ounce to US$400, a growth rate of 17.45%; oil has grown from US$28 per barrel to US$40 now, a growth rate of 42.85%.

“From last year to now, this money has received a total return of 1.45 billion US dollars. After deducting 40% of the agreement share and 2% of the management fee, Hanhua Trust can get 841 million US dollars!”

Guo Shouyun nodded, which was a lot more than the information he read last time. Moreover, there is no capital gains tax and dividend tax in Hong Kong, and only 0.1% transaction stamp duty is required for both buyers and sellers. The $841 million is almost entirely at his disposal.

“With this 841 million US dollars, we can temporarily deal with Tuniu and Hongxing Auto! It’s just that we need to find a way to repay the principal and interest of Standard Chartered Bank at the end of the year.” Guo Shouyun said.

The $4 billion loan is based on an agreement he signed with Standard Chartered Bank for five years at 6.4% interest. The first year requires repayment of 800 million in principal and $256 million in interest.

Guo Shouyun used the assets of Jianlibao, a subsidiary of Hanhua Trust, to issue an ABS bond worth US$800 million to repay the principal. The interest is the remaining US$3 billion wealth management income after deducting the US$1 billion handed over to Global Real Estate.

At the end of this year, another $800 million in principal and $200 million in interest will need to be repaid.

“Boss, there is something I want to discuss with you.” Zhang Lei hesitated for a moment and said.

“What’s up?”

“I want to change the share of the Mang Seed Fund to 37%, 30% for us and 70% for customers.”

Guo Shouyun frowned slightly, “Why?”

“Now the funds managed by the Mang Seed Fund have reached 17.9 billion US dollars, but in the past six months, it has only increased by less than 2.3 billion US dollars. And many customers report that our proportion is too high, but the rate of return has not exceeded in the past year. 25%. Many private equity funds with similar yields as ours have only 30%, or even 20%!”

The reason why the Mang Seed Fund will set a dividend ratio of 46 to 60 that far exceeds that of the same industry is entirely based on Guo Shouyun’s previous knowledge.

The Argentine debt crisis, 9.11, the war in Afghanistan, and the war in Iraq, these crises that are likely to cause financial market volatility are basically within a year. By taking advantage of these opportunities repeatedly, Guo Shouyun has harvested tens of billions of dollars from the capital market, laying the foundation for his fortune. And those investors who made excess profits through his hands also accepted his dividend ratio far exceeding that of their peers.

But with these opportunities in the past, if you want to make such huge profits, you will have to wait until the subprime mortgage crisis three years later. As for the money-making opportunities left between the Iraq war and the subprime mortgage crisis, the so-called black swan events, he really can’t remember.

Even if he wants to invest himself, it is the Internet, gold, and oil that are long-term. Or the ‘Oil Forward Agreement’ that Ruby Mall, Pacific Energy Group and Unocal Oil are all investing in.

But if you only invest in these, it will lose support for the high share of the mango seed fund. Whether it is the Internet, gold, or oil, the one-year yield rate is difficult to exceed 35%. Not to mention that Guo Shouyun used the black swan event to almost double the annual average return almost every year.

In contrast, the Mang Seed Fund is much less attractive than the Medallion Fund, which has an average annual return of nearly 40%, Bolong Asset Investment Management Co., Ltd., which has an average annual return of 32%, and Element Capital, which has an average annual return of about 22%. .

Because the management fee is only 2%, and the share is only 20%, which is half less than the mango.

“Old Zhang, private equity funds just retreat if they don’t advance. If we take the initiative to lower the share ratio, I’m afraid it will be difficult for the mango seed fund to grow on a large scale. Even if it is not handled well, there will be a recession.”

Zhang Lei nodded. The essence of private equity funds is high risk and high return. If the mango seed actively reduces the share ratio, it is easy to cause the outside world, and the rate of return cannot be guaranteed. It can only attract the impression of customers by reducing the share ratio.

Once this impression is formed, those customers who are already investing in the mango will worry about the safety of their funds and choose to take them out and wait and see for a while after the funds are unsealed, and then decide whether to continue investing.

During this period of time, if there are competitors of the Mango seed fund to help fuel the flames, make up some rumors that are not conducive to the mango seed. So no matter how true or false these rumors are, it may not be easy for the Mang Seed Fund to restore its current scale.

“Boss, maybe you can…?”

Seeing the expectation in his eyes, Guo Shouyun shook his head, “It’s not that easy to get doubled excess returns. Haiyan Heqing is not mentioned in the international arena, but it is generally calm. In addition to the long-term stock market and futures varieties, I also Couldn’t find any good opportunities.”

Although he had already guessed that this would be the result, when Guo Shouyun said it, Zhang Lei couldn’t help but feel disappointed.

According to past practice, if Guo Shouyun really found a good investment opportunity, he would have already started preparations, and he will not remain silent until now.

“If you can’t get the excess returns that far exceed Tongji, I’m afraid the size of the mango seed fund will drop a little bit, which is equivalent to chronic suicide.” Zhang Lei said.

“The share and management fee of the Mangosteen Fund can’t be changed. But you can set up another private equity fund. Use the current internationally popular 2% management fee and 20% revenue share. Over time, slowly transfer Mangosteen’s money to in this new fund.”

“But how do we explain to our clients the purpose of this fund?”

“You can say that this is our newly established private equity fund that focuses on long-term investment in the stock market and futures. The risk factor is lower than that of the mango seed fund, so the handling fee and share are only half of the other party’s.”

Zhang Lei thought for a moment and then nodded, “You can name this fund.”

Guo Shouyun did not refuse.

“It’s called the Four Seasons Fund! The investment direction is China AMC and Internet companies in the United States, the red chips of mainland state-owned companies in the Hong Kong stock market, as well as gold and oil long-term. In terms of management, you choose a stable and experienced fund manager.”

“Don’t let Yu Fei supervise it?”

Guo Shouyun waved his hand, “That guy likes to play risk. Long-term investment is not suitable for him.”

“Understood!”

“By the way, sign this document!”

He took a look at it, especially when he noticed the ‘Executive Director of Hanhua Trust’, there was a hint of understanding on his face.

“In the future, all companies headquartered in Huaxia, including the current Hanhua Holdings, Jianlibao, PayPal, Tencent, NetEase, Red Star Auto, Universal Group, Tuniu Group, and Dongfang Group, will be managed under this trust. I am the executive. Manager, you are the executive director, and the entire council will be composed of 7-9 people in the future.”

There is no doubt ~www.mtlnovel.com~ This is Guo Shouyun preparing for the future inheritance of the Guo family. Zhang Lei, who has already been to Guo’s Manor in the Magic Capital, and who has seen Ji’s sisters, is not surprised by this. The mutual cooperation between family trusts and family funds is also an effective means for the inheritance of wealth of large families in the world today.

Especially in the United States, where the inheritance tax exceeds 50%, the founders of the family business will leave a small amount of shares to their descendants, and then put most of the shares into the family fund established by themselves, and then pay the income generated by these shares through the family trust. to their descendants.

In order to avoid the situation of being rich for three generations, the management of family funds is usually composed of three family members, three professional managers, and three social leaders, who are responsible for the management of the family business.

Because foundations have legal personality under modern commercial law, the transfer of shares to the foundation does not require high estate taxes.

In addition, in order to avoid paying taxes, avoid social hatred of wealth, and at the same time increase their own influence, many families will set up family funds as family charitable funds.

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