Start with hooves

last year.

Horus Fund Management Company earned a net profit of approximately US$830 million due to its good performance.

Although this year's performance was poor, due to streamlined business and less employee expenses, the net income in the first half of the year was actually not bad, about more than 300 million US dollars.

Just like Daddario said.

Asset management companies guarantee income despite droughts and floods, and use customers' money to gain profits. Regardless of profits or losses, the managers actually win. It is no wonder that many Wall Street elites would rather give up stable and high-paying jobs and think about starting a business all day long. As long as they can do it Achieving some achievements is enough to ensure that you can have food and drink for the rest of your life.

If earnings of this magnitude continue and Horus Fund Management is listed, the company's total market value will soar to US$8000 million at least.

pity.

An accident occurred today and the situation changed instantly.

Julian Miller couldn't think about it for a while, and after he complained in an online post, it attracted widespread attention. The reputation of Horus Fund Management Company instantly fell to the bottom and became a joke among people.

If we had kept a low profile before, and chose to wait patiently for the closure period of financial products to end, and pretended to show customers that we had tried our best, we might not have been able to continue to let this company survive, or we might have changed the city or the name and continued to make money.

The main reason is that there is no shortage of money, but the performance is so bad that Julian Miller completely loses confidence and simply breaks the pot and doesn't want to continue working.

in asset management circles.

It may take many years to build up a reputation, but just one failure is enough for some people to never be able to gain a foothold.

On the way to Los Angeles, Julian Miller was mentally prepared in advance, thinking that as long as Suri gave a suitable offer, he would sell it immediately.

Lest as the news spreads, investors will redeem their shares one after another, causing the company's value to be wiped out.

To put it figuratively, if Horus Fund Management Company is viewed as a building, its foundation is currently loose and it will collapse.

With as much as $8 million in assets under custody, it is still worth some money for the time being.

In the hands of Julian Miller and others, it can no longer reflect its value, and due to its small scale, small companies cannot afford it and large companies look down upon it. It will inevitably enter bankruptcy proceedings in the end.

However, once Suri acquires the company, the situation will immediately become different.

A person's name, the shadow of a tree.

With Suri's influence, as long as the acquisition news is released to the outside world, the original investors may not only choose to stay, but also have the opportunity to quickly attract many new customers and bring in large sums of money.

If you think of some ways to help old customers who have suffered serious losses and recover some losses, you can resolve the current crisis faced by Horus Fund Management Company and quickly restore its original value.

It was precisely because he saw the business opportunity that Su Rui made an offer of US$1800 million. In his eyes, the company was indeed worth that much.

The moment I realized I was shouting loudly.

Su Rui immediately thought of a way to remedy the situation, pretending to be calm and said:

"Don't agree in a hurry, I haven't finished yet. The premise of the transaction is that you are responsible for handling the prosecution. During this period, I can also help. It is best to spend a sum of money and purchase several financial products. The commissions and handling fees will be refunded to the customers, and you have to help me stabilize the company until I find a suitable person in charge."

Hear the words.

Julian Miller's expression is a bit ugly.

The total amount of commissions and handling fees for those financial products amounted to four to five million US dollars, which was equivalent to allowing him and other partners to give back the profits they had already received.

The litigation expenses you may face next are also a lot of money, and hiring a top lawyer is expensive. However, given the current situation, if they do not agree to Suri's conditions, they will only lose more.

Julian Miller thought he could agree to these conditions, but wanted to continue to fight for it, and asked:

"How are you going to cooperate with us?"

"The company's physical assets are converted into 200 million US dollars, including rent, office equipment, etc. In addition, I also purchased some cars and three houses on the north bank of the Golden Gate Bridge in the name of the company at the beginning of the year, worth about 450 million US dollars, and rewarded them to the partners People, that's going to be taken back and included in the acquisition."

“If commissions and handling fees are returned, I might as well just wait for bankruptcy liquidation and get a maximum refund of .50%.”

Businessmen always like to purchase cars, real estate, yachts, private jets, etc. in the name of their company. The tax can be deducted at the time of purchase, and the subsequent depreciation expenses can also be legally deducted.

Suri shook her head and said:

"At least 70% will be returned. This can eliminate some of the anger of investors. You only need to be responsible for paying some possible litigation bills. I plan to launch a new financial product that allows previous customers to switch without fees and provides For three consecutive years, a guaranteed income of 3% per year will be regarded as compensation to them."

For three consecutive years, the guaranteed income of 3% per year is equivalent to allowing customers to recover a large amount of losses.

With this condition, I believe many angry investors will give up joint prosecution, and the litigation costs should not be too high.

Asset management companies will basically not lose in a lawsuit like this, it is just more troublesome.

After calculating the commissions and handling fees that needed to be returned, the total expenditure was about 300 million US dollars. Thinking that there was still 1500 million US dollars left, in order to facilitate the transaction as soon as possible, Julian Miller did not hesitate and nodded readily again.

Indirectly pushing the price down, Su Rui felt a little more comfortable.

afterwards.

Suri arranged for a lawyer to draw up a contract.

At the same time, Secretary Amanda was asked to find someone to review Horus Fund Management Company to see if there were other loopholes and risks, and the family office was asked to formulate a new strategic development plan as soon as possible.

After signing the transaction memorandum, he immediately took a photo with Julian Miller and posted it on Facebook with the caption

——"Great, Horus Fund Management Company has really been bought by me. We are studying the compensation plan for our customers. If anyone is interested, you can let me help you manage your assets in the future. By the way , can anyone help me think of a good name? I want this company to change its name so that it will not be regarded as a villain by some conspiracy theorists."

The Eye of Horus was interesting, but Suri didn't want to be targeted by some lunatics because of it.

The acquisition conditions have been negotiated, but asset evaluation still needs to be carried out to understand the specific situation of Horus Fund Management Company.

The third-party company was busy all night.

The evaluation form was sent to Amanda's secretary's mailbox the next morning.

The report issued stated that based on the current value, it is still worth about US$2200 million, but the brand value has almost returned to zero.

This number made Su Rui feel much more comfortable. He could directly acquire a ready-made company and start preparations for many businesses immediately.

During breakfast.

He opened Facebook software and looked through netizens' comments.

I found that the company name with the most likes was actually "the god of fortune", which translated into Chinese means "the god of wealth" and "the god of good luck".

It's a bit long to read, but it's simple and easy to remember.

Suri was very persuaded and immediately accepted this comment and asked Secretary Amanda to find someone to register and change the company name.

(End of this chapter)