After taking a break for more than half a month, I still have to start working again.
The settlement and return work of Cersei Capital’s sub-funds 6 to 10 has been completed during this period under the responsibility of Anthony Johnston.
After closing all positions and settling various fees at the end of last year, Cersei Capital had a total of $8.63 billion in funds available for settlement.
According to the originally agreed commission ratio, of the total capital of 8.63 billion U.S. dollars, the principal income attributable to Simon was 2.25 billion U.S. dollars, and the commission income was 1.96 billion U.S. dollars. Counting the initial 500 million U.S. dollars in principal, Simon finally received 4.71 billion U.S. dollars. .
The Johnston family invested US$100 million, and ultimately received a total of US$550 million in principal and income.
The share of funds attributed to other investors was US$3.37 billion, minus the principal of US$970 million, and the net income was US$2.4 billion. Although the rate of return is far from comparable to Simon, it still reaches 250%. This rate of return has exceeded most hedge funds on the market. With the same size, no one can achieve this kind of return rate.
Therefore, after the settlement was completed, the US$1 billion fund raised by Cersei Capital from Australian investors was fully subscribed on the spot.
The Japanese stock market has fallen from a high of over 40,000 points to below 38,000 points in recent months. However, the Japanese government still insists on not admitting that there are serious bubble elements in its own stock market. The external caliber is that the market is a normal correction after overheating. Presumably to support this argument, most of the assets held by Cersei Capital Sub-Funds 1 to 5 remain unsold.
The empty shells of the five sub-funds cannot be recovered in the short term, so this time they were raised in the name of sub-fund No. 6.
Different from last year, because Cersei Capital intends to operate Cersei Capital in a long-term and formal manner, the No. 6 sub-fund raised this time is mainly used for hedging operations, and the commission rate is fixed at 20%. As a discount to old customers, Australian investors still do not need to pay management fees.
In addition, the Simon and Johnston families invested a total of US$1.5 billion, which was slightly different from the original plan and exceeded the Johnston family's US$500 million.
The scale of fund raising in North America is still the planned US$1 billion. Just like Australia, James Raybould, who is responsible for this matter, only revealed the news. At a subsequent fundraising meeting, the cumulative subscription amount in North America was directly Doubled to over $2 billion.
Hedge funds are too big and have too obvious goals, which is not a good thing.
Therefore, after several discussions, the amount of funds raised in North America was still locked at US$1 billion, and James carefully selected some 'funders' who might be helpful to Cersei Capital and even the entire Westeros system. Of course, for this part of the investment, Cersei Capital will start charging a 2% management fee.
Although the No. 6 sub-fund used for hedging operations cannot be expanded in scale, Simon also asked James to release the news that Cersei Capital will raise additional funds in the near future, and this time it will be used for other types of investments such as private equity and leveraged buyouts.
Simon became the richest man in North America from scratch in just three years. This miracle of wealth has become a golden brand. Therefore, although the subsequent fund raising will no longer be used for hedging operations, there is still an endless stream of capital seeking information and trying to subscribe.
After his vacation in Australia, Simon set off back to North America early in the morning on the 16th, accompanied by Janet, David Johnston and Leslie Whickert.
Leslie Whitter will return to Cambridge University to resume classes on the 22nd. Before that, she plans to go to Daenerys Studios to see the office building she is responsible for designing. David Johnston, who is studying for a Ph.D., does not have such a standard academic schedule and just spends time with his girlfriend.
After more than ten hours of flight, the Boeing 767 arrived in Los Angeles, dropped off David and Leslie, picked up Amy Pascal and Nancy Brill, and everyone set off again to New York.
Due to the time difference, I arrived in New York. On the east coast of the United States, it was still Tuesday afternoon, January 16th.
The Blockbuster launch is Thursday, January 18th.
Although it was two days in advance, the schedule here was fully arranged.
After just a few hours of rest in the Fifth Avenue apartment, Simon and Janet rushed to Raybould's house to attend a carefully prepared investor reception, during which they also had to meet with several industry managers they were looking for.
Now that formal operations are about to begin, Janet will definitely be too busy on her own.
Moreover, the two had previously agreed that the headquarters of Cersei Capital would be set up in Manhattan. Because they were getting married soon and planned to have a baby as soon as possible, Janet had no idea of full-time work. Women have a hard-working mentality. It's so ingrained that I only plan to work two or three days a week, not necessarily in Manhattan, and the rest will be left to professional managers.
After one year of operation last year, Janet has selected a team responsible for the operation of sub-fund No. 6, and directly gave six of them the status of partners, generously allocating 30% of the equity of sub-fund No. 6.
The financial industry is different from the real industry. This industry is basically supported by a variety of top talents. Without sufficient benefits, talents can easily be poached by other companies.
Therefore, Simon also approved Janet’s equity distribution plan.
The division of sub-fund equity rather than parent company shares was also the result of the discussion between the two.
As the size of the team expands, other partners will definitely join the No. 6 sub-fund in the future, and further sub-funds will be developed. However, no matter how diluted the equity is, it will not affect Simon's control of Cersei Capital.
In fact, even for sub-fund No. 6, the parent company Cersei Capital has adopted a model of separation of stock voting rights and income rights, and will always retain absolute control over this sub-fund.
The operating team of the hedge fund is ready-made, but if you want to start other types of investments, you need to form a new team.
Simon doesn't have many connections in Manhattan. However, James Raybould has been a financial lawyer for many years, so he has a wide range of connections in this area. He has recently helped Simon identify many suitable targets.
The evening reception was very lively.
Simon and Janet had just arrived and immediately became the focus of everyone's attention.
Not only "Batman Begins", which is still doing well at the box office recently, but the news that Simon KOed his opponents ten times in a row at the Melbourne Fighting Arena last Saturday was accompanied by the leakage of a large number of pictures and videos, which triggered heated discussions in the North American media.
Compared with the huge wealth that is usually difficult to intuitively feel, the impact of tyrannical physical strength is much more intuitive.
While ordinary people were discussing it, there were even some top professional boxers who made half-truths and half-false invitations to Simon for a fight.
While socializing in the crowd, James Raybould quickly led Simon and the two of them to a middle-aged man in his thirties wearing rimless glasses.
"Simon, Jenny, this is Lawrence Fink. Lawrence, this is Simon and Jenny."
Lawrence Fink is currently the head of Blackstone Financial Management, a subsidiary of Blackstone Group. He has approximately US$3 billion in capital and is mainly responsible for mainstream stock and bond investments.
After the last premiere of "Batman Begins", Simon chatted with Frank Walken, the boyfriend of Jennifer's best friend Lisa Collins, and heard that he worked for Lawrence Funk. He quickly noticed his boss and asked James to collect information on Lawrence Fink.
Lawrence Fink is now just the head of a subsidiary of Blackstone Group.
However, Simon knew that more than ten years later, Lawrence Fink broke away from the Blackstone Group and founded the BlackRock Group (also called BlackRock Group), which was superior to his old club.
At its peak, the amount of funds managed by Black Rock Group once exceeded US$6 trillion, making it the world's largest asset management company. Whether it is top technology companies such as Apple, Amazon, and Google, or traditional industrial giants such as General Electric and Walmart, Black Rock Group is among the top five important shareholders.
Corporate shareholding actually means corresponding right to speak.
With a huge total assets of 6 trillion U.S. dollars and the status of important shareholders of countless corporate giants, you can imagine the terrifying potential influence that Black Rock Group has.
According to James’ investigation, Simon was also very satisfied with Lawrence Fink’s past resume. It happened that there was a dispute between Lawrence Fink and Steve Schwarzman, the founder and CEO of Blackstone Group, regarding corporate management and fund operations. The differences were getting bigger and bigger, and he was already interested in leaving Blackstone. Simon planned to recruit Lawrence Fink's entire team.
According to the information provided by James, Lawrence Fink is an investor who pays great attention to risk control and has a sufficiently cautious character. Coupled with the information in his memory, Simon is more willing to give more autonomy to the other party than to have absolute control over Sub-Fund No. 6.
As for funds, this matter is not a problem at all for Simon.
With the capital market's high regard for Simon's golden name, he can easily raise more than twice the capital that Lawrence Fink currently manages and hand it over to the other party.
After a few introductions to each other, everyone quickly found the topic of the recent takeover of Columbia Savings and Credit Bank by the federal government and started chatting.
Both parties actually knew that this was an interview.
Simon participated in the conversation for a moment, listening to Janet and Lawrence talking enthusiastically about vulture investing in the North American bond market that was still collapsing. He gradually lost track of the ideas and simply walked away and left the check-in task to Janet.
After getting along with her for several years, Simon became more and more aware of Janet's talent in understanding people.
It is said to have been inherited from Raymond Johnston.
After being introduced by James and greeting some other guests, a figure that surprised Simon soon appeared in front of him.
Or, two people.
Linda Carter, who was wearing a low-cut black dress, was holding a middle-aged man, who should be her husband.
Without waiting for James' introduction, the middle-aged man extended his hand to Simon enthusiastically and said: "Hello, Mr. Westeros, I am Robert Altman."
This Robert Altman is obviously not the Robert Altman in Hollywood.
Simon was used to the phenomenon of Westerners having the same name, so he didn't find it strange. He smiled and extended his hand to the other person.
When Linda Carter saw Simon, her expression was a little unnatural. After he greeted her husband, she reached out and said, "Hello, Mr. Westeros."
The woman obviously pretended not to recognize her, and Simon did not expose her, saying hello, "Hello, Mrs. Ultraman."
Linda Carter knew that Simon was obviously intentional, and there was some resentment in her eyes, and she explained: "Mr. Westeros, I did not take my husband's surname."
Simon said: "Oh, I'm so sorry."
"Simon, I heard that Daenerys Entertainment is already preparing a live-action movie of "Wonder Woman". Maybe Linda can play a guest role," Robert Altman said with a smile at this time: "You know , Linda is the most popular Wonder Woman."
Simon glanced at the woman and said, "Of course, if there is a chance."
After chatting for a while, Robert Altman introduced his work. He is also a lawyer, mainly engaged in tax avoidance business of assisting overseas capital to transfer back to the United States for investment.
Simon listened to Robert Altman's explanation and probably understood why he was so enthusiastic about him.
Cersei Capital has a large amount of funds hoarded overseas, and Simon is obviously a customer with great potential.
After everyone chatted for a while, Robert Altman left his business card and invited Simon to have a meal with him at noon tomorrow. After getting no results, he walked away.
After the two left, James shook his head slightly at Simon and said: "Simon, it's best not to have too much involvement with Ultraman. The tax avoidance method used by this man has many borderline elements. To put it bluntly, it has the nature of money laundering. Rumor has it the IRS is on his radar."
Simon nodded and said, "I don't have such thoughts."
Having accumulated such a huge wealth in just a few years, Simon knew that there were definitely many people staring at him. Once he has a flaw, a large group of opponents will definitely come forward. Simon is confident enough to accumulate a large amount of wealth by completely using formal business methods, and now he will not consider using those unpopular heretical methods at all.
After continuing to walk around the crowd, Janet came back and said to Simon: "It's been negotiated, but Fink doesn't plan to take the team to join him. He hopes that we can invest in buying out the shares held by Blackstone Group. , so that the business in his hands can continue."
"Where's the Blackstone Group?"
"Fink wants autonomy and wants to share more shares with other partners, but Steve Schwarzman insists on maintaining absolute control of the subsidiary, and the differences between the two have grown. If Fink leads the team to jump ship, Blackstone will be left with nothing but a mess. Compared to selling the asset management unit to us, Blackstone will still be able to earn an income, so they probably won’t refuse.”
Simon nodded and asked again: "Have you discussed the quotation with Fink?"
Janet said: "Blackstone Group currently holds 50% of the shares of Blackstone Financial Management Company. According to Fink's team's performance estimates in the past year, the offer can be kept within US$100 million. After taking over this company, I believe it will not There are too many investors redeeming their original funds, and Fink’s team is also very stable. Therefore, this investment is very worthwhile.”