Hollywood Hunter

Chapter 328: Black Rock Group

After resting for more than half a month, I still have to start working again.

The settlement and return of Cersei Capital's No. 6 to No. 10 sub-funds has been completed under the responsibility of Anthony Johnston.

After closing all positions and clearing various fees at the end of last year, Cersei Capital has a total of 8.63 billion U.S. dollars for settlement.

According to the originally agreed commission ratio, of the total funds of 8.63 billion US dollars, the principal income attributable to Simon was 2.25 billion US dollars, and the commission income was 1.96 billion US dollars. Counting the initial capital of 500 million US dollars, Simon finally received 4.71 billion US dollars. .

The Johnston family invested 100 million US dollars, and the final principal and income totaled 550 million US dollars.

The share of funds attributable to other investors is USD 3.37 billion, minus the principal of USD 970 million, and the net income is USD 2.4 billion. Although the rate of return is far from comparable to Simon, it has reached 250%. This rate of return has exceeded most hedge funds on the market. In the case of the same size, no one can achieve this rate of return.

Therefore, after the settlement, Cersei Capital's $1 billion fund raised by Australian investors was sold out on the spot.

The Japanese stock market has fallen from a high above 40,000 points to below 38,000 points in recent months. However, the Japanese government still insists on not admitting that its own stock market has a serious bubble component. The external caliber is a normal correction after the market overheats. Probably to support this argument, most of the assets held by Cersei Capital's No. 1 to No. 5 sub-funds have still not been sold.

The empty shell of the five sub-funds cannot be recovered in the short term. This time it is raised in the name of the No. 6 sub-fund.

Different from last year, because Cersei Capital intends to operate long-term and formally, the No. 6 sub-fund, which is mainly used for hedging operations, has a fixed commission rate of 20%. As a preference for old customers, Australian investors still do not need to pay management fees.

In addition, Simon and the Johnston family invested a total of 1.5 billion U.S. dollars, which is different from the original plan, adding 500 million U.S. dollars to the Johnston family.

The North American fundraising scale is still the planned 1 billion US dollars. Just like Australia, James Rebold, who is in charge of this matter, only revealed the news. At a subsequent fund-raising meeting, North America’s cumulative subscription amount is directly Doubled to more than $2 billion.

Hedge funds are too large and their goals are too obvious, which is not a good thing.

Therefore, after several discussions, the amount of funds raised in North America is still locked at US$1 billion. James has carefully selected some ‘funders’ that may benefit Cersei Capital and the entire Westeros system. Of course, for this part of the investment, Cersei Capital will begin to charge a 2% management fee.

Although the No. 6 sub-fund used for hedging operations could not be expanded, Simon also asked James to release the news that Cersei Capital will conduct another fundraising in the near future, this time it will be used for private equity, leveraged buyouts and other types of investments.

Simon has become the richest man in North America from scratch in just three years. Such a wealth miracle has become a golden sign. Therefore, although the next fundraising will no longer be used for hedging operations, there is still an endless stream of capital seeking to subscribe.

After finishing his vacation in Australia, Simon left for North America early on the 16th. In addition to Janet, he was accompanied by David Johnston and Leslie Whitaker.

Leslie Whittaker 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. David Johnston, who is studying for a Ph.D., does not have such standard schoolwork arrangements, just accompany his girlfriend.

After more than ten hours of flight, the Boeing 767 arrived in Los Angeles, put down David and Leslie, then took Amy Pascal and Nancy Brill, and everyone set off again for New York.

Due to the time difference, I arrived in New York, the East Coast of the United States is still January 16, Tuesday afternoon.

Blockbuster's listing time is Thursday, January 18.

Although two days in advance, the schedule here is fully arranged.

After just resting for a few hours in the apartment on Fifth Avenue, Simon and Janet rushed to Rebold's house to attend a well-prepared investor reception, during which they had to meet with several industry managers who were looking for.

Since the official operation is about to begin, Janet must be too busy alone.

Moreover, the two have previously agreed that Cersei Capital’s headquarters will be set up in Manhattan, because they will get married soon and plan to have a baby as soon as possible. Janet has no idea of ​​full-time. Deep-rooted, I only plan to work two or three days a week, not necessarily in Manhattan, and the rest will be handed over to professional managers.

After a year of operation last year, Janet has selected a team responsible for the operation of the No. 6 sub-fund, and has directly given the identity of six of them as partners, and generously allocated 30% of the shares of the No. 6 sub-fund.

The financial industry is different from the physical industry. This industry is basically supported by various top talents. If there are not enough benefits, talents can easily be dug away by other companies.

Therefore, Simon also approved Janet's equity distribution plan.

Divide the equity of the sub-fund rather than the shares of the parent company, which is also the result of the discussion between the two.

With the expansion of the team size, there will definitely be other partners joining the No. 6 sub-fund in the future, and further development of the next-level sub-fund will be made. However, no matter how the equity is diluted, it will not affect Simon's control of Cersei Capital.

In fact, even if it is the No. 6 sub-fund, the parent company Cersei Capital also adopts the model of separating voting rights and income rights, and will always retain absolute control over this sub-fund.

The operating team of a hedge fund is readily available, but if you want to start other types of investments, you need to form a new team.

Simon does not have any contacts in Manhattan. However, James Rebald has worked as a financial lawyer for many years, but his contacts in this area are very extensive. Recently, he has helped Simon find many suitable targets.

The evening reception is very lively.

Simon had just arrived with Janet and immediately became the focus of everyone's attention.

Not only is the recent box office "Batman: Hour of War" still raging at the box office, the news of Simon's ten consecutive KO opponents at the Melbourne Fighting Arena last Saturday was accompanied by the outflow of a large number of pictures and videos.

Compared with the huge wealth that is usually hard to feel too intuitively, the impact of tyrannical physical strength is much more intuitive.

While ordinary people are discussing it, there are even some top professional boxers who have made semi-truths to Simon.

Socializing in the crowd, James Rebald quickly took Simon and two 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, the head of the Blackstone Financial Management Company, a subsidiary of the Blackstone Group, has a capital scale of approximately US$3 billion, and is mainly responsible for mainstream stock and bond investments.

After the last premiere of "Batman: Hour of War", Simon and Jennifer’s girlfriend Lisa Collins’ boyfriend Frank Walken chatted a few words. I heard that the other party was working under Lawrence Fink. I quickly noticed his boss and asked James to collect information on Lawrence Fink.

Lawrence Fink is now just the head of a subsidiary of the Blackstone Group.

However, Simon knew that after more than ten years, Lawrence Fink broke away from the Blackstone Group and created the Black Rock Group (also known as the BlackRock Group), which is more blue than the old owner.

At its peak, the scale of funds under the control of the Black Rock Group once exceeded US$6 trillion, becoming 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 Wal-Mart, the Black Rock Group is an important shareholder in its top five.

Corporate shareholding actually means the right to speak.

With huge total assets of US$6 trillion and important shareholder status of countless corporate giants, one can imagine how terrifying potential influence the Black Rock Group has.

According to James’ investigation, Simon is also very satisfied with Lawrence Fink’s previous resume. It just so happens that the relationship between Lawrence Fink and Blackstone Group’s founder and CEO Steve Schwarzman on corporate management and fund operations The disagreement grew, and he had deliberately left Blackstone, and Simon planned to dig Lawrence Fink's entire team.

In 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 data in his memory, Simon is willing to give more autonomy to the other party compared to the absolute control of the No. 6 sub-fund.

As for funding, this matter is not a problem for Simon at all.

With the admiration of the golden sign of Simon in the capital market, he can easily raise more than twice the capital currently managed by Lawrence Fink and hand it over to the other party.

After a few words of mutual introduction, everyone quickly found out the topic of the recent takeover of the Colombian Savings and Credit Bank by the federal government.

In fact, both parties knew that this was an interview.

Simon participated in the topic for a while, and when Janet and Lawrence talked enthusiastically about the subject of vulture investment in the North American bond market that was still collapsing, they gradually couldn’t keep up with their ideas, and simply walked away and handed over the work Janet.

After a few years of getting along, Simon has become more aware of Janet's talent in knowing people.

It is said that this is inherited from Raymond Johnston.

Under James' recommendation, he greeted some other guests, and soon, a figure that made Simon a little surprised appeared in front of him.

Or, two people.

Linda Carter, wearing a black low-cut dress, is holding a middle-aged man, who should be her husband.

Without waiting for James to introduce him, the middle-aged man enthusiastically reached out to Simon and said, "Hello, Mr. Westeros, this is Robert Altman."

This Robert Altman is obviously not the Robert Altman in Hollywood.

Simon is familiar with the phenomenon of Westerners having the same name, and he didn't feel any surprise, and smiled and stretched out his hand to the other party.

When Linda Carter saw Simon, her expression was a little unnatural. After he had greeted her husband, she took the initiative to reach out and said, "Hello, Mr. Westeros."

The woman obviously pretended not to know herself, and Simon did not pierce her, and said, "Hello, Mrs. Altman."

Linda Carter knew that Simon was obviously deliberate, and some resentment flashed under her eyes, and explained: "Mr. Westeros, I don't have my husband's surname."

Simon said, "Oh, I'm so sorry."

"Simon, I heard that Daenerys Entertainment is already preparing for a live-action movie of "Wonder Woman", maybe Linda can be 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 a few small chats, Robert Altman introduced his work. He is also a lawyer, mainly engaged in tax avoidance business that assists overseas capital to be transferred back to the United States for investment.

Simon listened to Robert Altman's explanation, and probably understood why he was so eager to himself.

Cersei Capital is hoarding a large amount of funds overseas, and Simon is clearly a potential client.

After everyone chatted for a while, Robert Altman left his business card, and invited Simon to have a meal together at noon tomorrow, and then walked away with interest.

When the two left, James shook his head slightly towards Simon, and said: "Simon, it's better not to have too much involvement with Altman. The tax avoidance method used by this person has many elements of rubbing the edges. To put it lightly, it has a money laundering nature. Rumor has it that the Internal Revenue Service has been eyeing him."

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 surely come up. Simon is confident enough to accumulate a lot of wealth by completely adopting formal management methods, and now he will not even consider using those sideways that are not influential.

After continuing to circle in the crowd, Janet walked back and said to Simon: "It has been negotiated, but Fink does not plan to take the team to change jobs. He hopes that we can invest in buying the shares held by the Blackstone Group. , So that his business can continue."

"Where is the Blackstone Group?"

"Fink wants autonomy and wants to share more shares with other partners, but Steve Schwarzman insists on maintaining absolute control over the subsidiary, and the differences between the two have grown. If Fink leads the team to change jobs, it will only be a mess for the Blackstone Group. In comparison, if the asset management department is sold to us, the Blackstone Group can still get a certain income, and they should not refuse."

Simon nodded and asked, "Did you discuss the offer with Fink?"

Janet said: "The Blackstone Group currently holds 50% of the shares in Blackstone Financial Management. According to the Fink team’s performance estimates in the past year, the quotation can be maintained within 100 million US dollars. After taking over this company, I believe it will not Too many investors have redeemed their original funds, and Fink’s team is also very stable. Therefore, this investment is very worthwhile."

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