Chapter 249 Merrill Lynch’s investment
“Merrill Lynch invested US$100 million?”
Xu Liang was a little surprised. Morgan Stanley, which he cooperated with, only invested US$50 million.
"Yes. And Mr. Dan Bailey, President and Chief Operating Officer of Merrill Lynch, wants to meet you in person." Zhao Xundao.
Xu Liang was stunned. He was the president and chief operating officer of Merrill Lynch. He was almost the second-largest person after the CEO of Merrill Lynch, which shows that he was taken seriously.
"Meet? Where to go?"
"He himself has arrived in Xiangjiang and is currently staying at the Peninsula Hotel."
"Did you give a specific reason?"
>"No."
"You make an appointment for me. I will meet him in Private Room 5 of the Peninsula Hotel restaurant at seven o'clock tomorrow evening."
"Yes."
"Lu Hui, please confirm the private room with the hotel for me."
Lu Hui nodded.
"Old Zhao, during this time you can recruit some more people for the hedge fund department. Counting Qinglong Fund, they don't have enough people."
"Yes."
< br>
Xu Liang glanced at the document in his hand.
Except Morgan Stanley and Merrill Lynch, other investment banks only invested US$20 to 30 million.
After all, one success cannot prove Hongyan’s strength, so they should be cautious.
However, if added up, Qinglong Fund’s fund shares are almost US$300 million.
After explaining to Zhao Xun, Xu Liang came to the hedge fund department with the documents.
"Mr. Xu."
Sun Zhenping hurriedly greeted him.
“How is it?”
“US$12 billion has been fully invested. This is the position data of each company we hold.”
Xu Liang took the file After taking a look, his eyes turned to the big screen in the middle.
Look at the slightly rising green curve.
“Has it started to rise?”
“There are bullish institutions like us in the market, driving military stocks to rise against the trend.”
Xu Liang clicked Nodding, not surprised.
There is no shortage of smart people in this world, let alone connections who can know the news in advance.
"What's the date today?"
"September 29th."
Xu Liang nodded. He only remembered that the war in Afghanistan started in October 2001, but when exactly I can’t remember a day.
Look at Sun Zhenping.
“The company has decided to set up a hedge fund ‘Qinglong’. It has raised US$280 million so far. The lock-up period is two years. It will be placed in the hedge fund department and handed over to you to lead.”
There was a hint of excitement in Sun Zhenping's eyes.
“Thank you, Mr. Xu, for your trust.”
Xu Liang smiled and continued: “From today on, the hedge fund department is divided into two parts, one is the self-operated department and the other is Qinglong Fund. I have already said hello to Mr. Zhao, and he will add more manpower to you.”
“Yes.”
“Qinglong Fund is a stock-oriented fund, and this is the specific investment direction.”
As he spoke, Xu Liang handed over a handwritten document.
Sun Zhenping took it and took a look.
It says clearly above.
Yahoo, eBay, Qualcomm, BlackBerry.
September 11 brought great misfortune to many companies, but it made one mobile phone company successful, and that was BlackBerry.
When September 11 broke out and all communication equipment in the United States was paralyzed, Vice President Dick Cheney's BlackBerry successfully connected to the unlimited Internet and received real-time news from the disaster scene anytime and anywhere.
This is simply the best form of publicity, more effective than any amount of advertising.
After September 11, a craze for buying Blackberries broke out in the United States.
The U.S. Congress also gave each member of Congress a BlackBerry mobile phone during the recess due to the September 11th incident, allowing members to use it to handle state affairs.
Subsequently, this portable electronic device became a common electronic device for senior corporate executives, consultants and Wall Street businessmen.
This BlackBerry craze has even affected China.
In 2008, at its peak, BlackBerry had a market value of US$100 billion.
Unfortunately, Gang Leader Qiao was too powerful and put the blackberry into the trash can with one kick.
The reason Xu Liang remembers it so clearly is because his second mobile phone was a BlackBerry.
The September 11 incident was widely publicized as a marketing hotspot for Blackberry mobile phones, so he knew it so well.
"You invest US$120 million in each of these four companies to more than triple the leverage." Xu Liangdao.
How to achieve triple leverage?
After purchasing Amazon’s equity for US$120 million, the equity is pledged to a bank for a loan. Under normal circumstances, the loan can be 70%. That’s the equivalent of $84 million.
Use this part of the funds to buy Amazon stocks and then mortgage them.
If it is 70%, it can lend 58.8 million US dollars.
Then keep repeating the process.
“Take advantage of the current decline in the stock prices of these companies to buy goods quickly.” Xu Liang continued.
“Yes.”
Sun Zhenping nodded.
Glancing at him, Xu Liang said: "After the military stocks are closed this time, the company will register another White Tiger Fund. I will inject 30 million US dollars into this fund and let you control it. How? It’s up to you to decide your investment, I won’t interfere.”
Sun Zhenping quickly said happily: "Thank you, Mr. Xu."
Although the company made a lot of money this time, Sun Zhenping knew that it had little to do with him. He was just an executor. As a master of finance from the University of Hong Kong, he has studied hard for many years and is unwilling to be just a yes man.
"Work hard, I'm waiting for your good news."
"Yes."
Xu Liang glanced at the document with the names of the four companies written on it, folded it and put it in his coat pocket.
In fact, what he wants to invest in most is Apple.
As soon as Boss Qiao’s iPod is released, Apple’s stock price will definitely skyrocket. Taking advantage of 9/11 is the only opportunity to hold a large amount of Apple stock.
But he kept this most delicious fruit for himself and had no intention of sharing it with outsiders.
Similar to Apple stocks, there are Chinese concept stocks.
The outbreak of Monternet has made Chinese concept stocks, whose current share prices are basically below US$100 million, run like wild horses. In just one or two years, they have risen to one billion, or even more than two billion US dollars.
That is to say, you can earn more than ten times or even dozens of times a year.
It’s so profitable.
The only pity is that the scale is too small. Even if the profit is more than ten times, it may not be as much as the double investment in Yahoo.
But it doesn’t matter, as long as you can make money.
——
Peninsula Hotel Box No. 7.
A thin, bald middle-aged man wearing a brown suit walked in under the guidance of Lu Hui.
When he saw Xu Liang, he stretched out his right hand first.
"Mr. Xu, nice to meet you."
"Mr. Bailey is very polite, please sit down."
"Please."
After Dan Bailey sat down on the sofa next to him, his eyes couldn't help but look up and down.
"Mr. Xu is much younger than I thought."
"This is the comment that many people made after meeting me for the first time." Xu Liang said with a smile.
"Haha, this also illustrates Mr. Xu's unparalleled business talent and financial talent."
Xu Liang smiled and said: "Is this the reason why Merrill Lynch subscribed for a US$100 million share of Qinglong Fund?"
< br>Dan Bailey nodded, "We noticed Mr. Xu when he first shorted Yahoo through Merrill Lynch Asia. This shorting of Enron once again confirmed Mr. Xu's outstanding talent in investment. br>
So, we are very willing to cooperate with Mr. Xu.”
Xu Liang suddenly realized.
As soon as he arrived in Beijing late last year, he made initial capital for his career by shorting Yahoo through the cooperation between CITIC and Merrill Lynch. This matter is unknown to outsiders, but it is certainly not a secret to Merrill Lynch.
“No wonder they invested so much money in me.”
In financial investment, making a big profit may really be luck.
But if you earn several times excess returns both times, it is not luck.
“Thank you very much for Merrill Lynch’s trust, and I will do my best to repay this trust.”
Dan Bailey smiled and said, "We believe in Mr. Xu's ability."
Paused.
“I came to Xiangjiang to visit Mr. Xu in person this time. In addition to cooperation in financial investment, I also want to cooperate with Mr. Xu in business operations.”
Xu Liang understood him instantly. meaning.
“Merrill Lynch wants to invest in Hongmeng?”
"This is just one aspect. We would rather be Hongmeng's listing underwriter."
"I'm sorry that Mr. Bailey is late. I have already promised Morgan on this matter."
< br>"Mr. Xu, when a large Internet company like Hongmeng goes public, one listing underwriter cannot get it the value it deserves. It is a normal choice for the two to work together.
Both eBay and Amazon That's it."
Xu Liang was silent for a moment, then took a sip of the tea on the table.
When he signed the contract with Morgan Stanley, Sherron Volentes wanted to be the sole underwriter of Hongmeng International's listing, but he refused.
As Dan Bailey said, the two underwriters work together to be able to sell at a high price after listing.
“The reason why Morgan Stanley was able to obtain the status of Hongmeng’s listing underwriter is that it promised to invest in Hongmeng at a price-earnings ratio of 35 times. If I agreed to Merrill Lynch, what can you give me?”
"It's very simple, Hongmeng Series B financing, we Merrill Lynch are willing to accept any conditions of Mr. Xu."
Xu Liang thought for a while, stood up and extended his right hand to the other party.
"Happy cooperation."
The future of Hongmeng International is to try to win over thick thighs to protect itself. Merrill Lynch's thighs are very thick.
"It's a pleasure to cooperate."
"By the way, Mr. Xu seems to be very optimistic about the US military industry stocks?" Dan Bailey suddenly asked.
Xu Liang nodded.
His operations cannot be hidden from the investment bank as a platform.
“The September 11th incident shocked the world. As the global hegemon, the United States was attacked on its homeland for the first time since World War II. It must give an explanation to the domestic people.
And war is the best explanation. , it can divert the attention and anger of the domestic people."
Dan Bailey thought for a moment, "I suddenly feel that Merrill Lynch's investment share of US$100 million may be a bit small, and we should give it to Hongyan. Two hundred million US dollars, or even more."
Xu Liang smiled and shook his head, "Mr. Bailey, there are many smart people. The rise in US military stocks in recent days is the best proof."< br>
"But they understood it too late, and they were far inferior to Mr. Xu who already had a chance to win."
"It's too early to say this now."
Xu Liang was not proud, and he did not fall into the trap. Before peace, no matter how much money you have, it is just a number in the stock market.
Looking at the young man opposite who always smiled and had a calm look in his eyes, Dan Bailey could not help but feel a sense of admiration in his heart.
In the United States, there are many people who make a lot of money at a young age.
But there are very few people who can remain calm and keep their wealth.
After dinner, and after leaving each other’s contact information, Dan Bailey said goodbye.
(End of this chapter)