Chapter 868 Veolia
The Xu Family Manor in London.
This ultra-luxury manor, which is a 45-minute drive from downtown London, covers an area of 76 acres and has a construction area of 12,600 square meters. Since buying it in 2003, he has spent very little time here.
Only when Mo Maniang was studying in the UK, he would occasionally fly over to have a tryst with a beautiful woman.
But this time I will definitely stay for a while.
"Mr. Xu, the Earl of Grosvenor and the Duke of Cadogan, please invite you to a banquet tonight. In addition, the royal family has sent someone to invite you to Buckingham Palace."
Lu Hui handed over the invitation.
Xu Liang took it and looked at it briefly, then put it aside.
When he came to the UK in 2003, he basically met all of these people, and they also cooperated with them later. They were the connections he actively developed in the UK.
"You can make some arrangements."
"Okay."
"By the way, where's the radio I brought?"
"It's in your study."
"Bring it to me. "
Lu Hui hurried away, quickly took a small Sony radio, opened it and looked at the tape inside, and nodded with satisfaction.
It's not that he can't afford better equipment, but as he gets older, he likes to reminisce and is particularly nostalgic.
This portable small radio was the only electronic device he owned in high school, an era when there were no mobile phones, no MP3 players, and CDs could not be afforded.
A radio and a few tapes are the only entertainment.
Crack.
Press play.
"I think back then, my team had just opened, and there were only a dozen people and seven or eight guns.
I was so dizzy when the imperial army chased me, thanks to Sister-in-law Aqing..."
Xu Liang listened to the Peking Opera, tapping the seat rhythmically with his right index finger, crossing his legs and humming, obviously enjoying it a lot.
Lu Hui, who was standing next to him, saw this and was already not surprised.
Other big bosses listen to music such as Beethoven and Mozart, showing off their own style and taste.
My boss likes Peking Opera the most.
She has never seen a young man in his twenties who likes to listen to this stuff.
"Brother-in-law..."
With a sweet shout, Mo Hongzhuang, wearing a white long-sleeved shirt and pink shorts, ran in.
The collar of the shirt is very large, revealing half of the pink and white shoulders.
With a height of 175cm, Mo Hongzhuang's legs look particularly slender.
Sit down next to Xu Liang and lean over with his whole body.
"Brother-in-law, look."
"What?"
"Movie tickets. Let's watch my goddess Belachi's movie together tonight."< br>
Xu Liang took it and took a look.
The name of the movie is written on it in English.
The Chinese translation is "Love Me & Deeply".
Xu Liang vaguely seemed to remember.
“Do you like Monica Bellucci?”
Mo Hongzhuang nodded quickly, looking as if a little fan was confused when she saw a star, and her words were full of admiration.
“She is beautiful, has an exceptionally good figure, and her acting skills are also very good.
My favorite movie she filmed was "The Beautiful Legend of Sicily", where she played Marlena She is simply the embodiment of beauty, and she is so charming in every gesture.
I want to be like her in the future."
Xu Liang glanced at the beauties around him and said with a smile.
"If nothing else, in terms of figure and appearance, you are definitely no worse than her."
"Really?"
"One hundred percent true."
Mo Hongzhuang With a satisfied smile, he hugged Xu Liang's arm tightly, and there was no gap in the warm and fragrant nephrite jade wrap.
Xu Liang also enjoyed this wonderful feeling.
"Brother-in-law, what are you hearing? Is it so unpleasant?" Mo Hongzhuang noticed the sound coming from the recorder.
“This is Peking Opera, the quintessence of the Chinese nation.”
Mo Hongzhuang suddenly said, “I used to listen to it a lot when grandpa was still here.”
Looked at Xu Liang strangely.
“This is the kind of thing that old people like to listen to….”
Xu Liang smiled and said: "I didn't like it before, but then I fell in love with it after listening to it a few times."
I definitely didn't like opera when I was young.
But the strange thing is that once you are over forty, you feel that it is inexplicably interesting and more fun than pop music.
“The hobbies of the super rich are indeed different from those of ordinary people.” Mo Hongzhuang said.
Xu Liang smiled, "Didn't you go home? Why did you come back again?"
"My dad is busy at work every day, and my mom looks at my younger brothers and sisters. It's not interesting to be at home, so I came back."
Xu Liang nodded and looked at the time.
“Let’s go eat.”
“I want to eat tomahawk steak.”
“How come you, a girl, like eating meat so much? Aren’t you afraid of gaining weight?”
"It would be nice to exercise more. I like tennis the most..."
We came to the restaurant while chatting. After lunch, Xu Liang hugged the beauty and took a brief nap.
Come to the study room.
"Mr. Xu, Mr. Huo is here."
Lu Hui came in and said.
"Let him come in."
Soon, Huo Yan walked in under the leadership of Lu Hui.
"Mr. Xu." "Come and sit."
Xu Liang pointed to the sofa opposite. After the other party sat down, he picked up the teapot and poured it for him. One cup.
"Thank you."
"Is the Suzaku London Fund due?" Xu Liang said.
"Yes. The lockdown will be lifted on June 30."
"There are still three days to go."
"Yes."
Huo Yan said and handed over a thick piece of information.
Xu Liang took it over.
Suzque London Fund, established in 2003, raised 550 million pounds and invested in ARM, Imagine Technology, Vivendi, Tyco International, ARM Holdings, Rex Group, Bain & Company, and Rio Tinto 15 companies including the Group and Reckitt Benckiser Group.
Most of them are technology and software companies.
Rio Tinto and Reckitt Benckiser Group are companies led by Huo Yan in investing.
Xu Liang didn't interfere either.
In the past two years, London funds have continued to increase leverage as stocks rose, and the current leverage factor is 3.3 times.
Not high, but not low either.
“The annual floating profit rate is 28%, which is also the first in the world.” Xu Liang praised.
“Thank you for the award, but my performance is still far behind yours.”
Huo Yan said modestly.
“How much is the intended fund for the next phase?”
“3.7 billion pounds.”
When the Suzaku London Fund first started raising funds, Xu Liang came forward to hold the meeting After a fundraising reception, 550 million pounds were collected.
Now that you have excellent results in the first period of investment, you don’t need to hold any fund-raising receptions, and others will rush to give you money.
"How much are you planning to keep?"
"Two billion pounds."
"Don't you plan to keep it all?"
Huo Yan smiled and shook his head, "Now I don’t have the ability to control more funds. 2 billion pounds is the limit. Any more will only lower my investment return.”
Xu Liang nodded slightly.
Investment managers also need time to grow.
And not everyone likes the more-the-better investment approach.
Invest US$10 billion, get a return rate of 15% per year, and then get 20% dividends; it is better to invest US$1 billion, get a return rate of 100% every year, and get 50% post-investment dividends.
However, the latter is a genius-style gameplay that most people cannot grasp.
The former is now the common practice in the private equity industry.
"I won't ask about the specific investment. You have performed very well in the past two years."
"Thank you for your trust."
"You understand the reform of the company's internal management structure, right? ?”
“Mr. Jiang said during the last video conference that Hanhua will gradually transform into a platform financial company, giving major offices more investment freedom.”
Xu Liang nodded and said: "As global financial competition continues to intensify, the previous low-efficiency business model where the headquarters took control is increasingly unsuitable for development needs.
Moreover, the headquarters is far away in China, and it is not as sensitive as you to the development of enterprises around the world, as well as changes in the local investment environment and business environment.
With long-arm jurisdiction, it is easy to make mistakes or miss good investment opportunities.
That’s why we plan to implement the ‘office responsibility system’ to lead the development of Hanhua’s business in a region.
You are the person in charge of the London office of Hanhua, responsible for the investment business in twelve Western European countries including the Netherlands, France, and Spain.
Not just private equity funds, but also venture capital.
As the person in charge of the venture capital fund, you are responsible for the nomination, and the head office will formally appoint you after passing the inspection. "
"Mr. Xu, the content of the venture capital business is the same as that of the company in China and the United States? ”
“That’s right. Including incubators, angels, VC and PE. If you feel that a company is particularly valuable for investment and you don’t want to exit after it goes public, you can continue to hold it. "
Huo Yan's face changed slightly. He did not expect that the head office would be so determined to reform.
Except for personnel, financial supervision and jurisdiction, the London office is completely an independent investment company.< br>
"I will give you the greatest degree of freedom, and of course the requirements will become higher.
In the future, the head office will not dictate your investment. If you make more money, you will get more share, and if you make less money, you will eat the chaff. No matter how much you earn, the profit of each fund in the London office is supervised and managed by the head office.”
The investment and management of the London office are your own responsibility. Qian Corporation is responsible.
The meaning was very simple, and Huo Yan understood it quickly.
"Okay, that's all I want to say. The headquarters will issue a manual about the specific changes to the management model in a while.
But you can consider the person in charge of the venture capital fund in advance."< br>
Huo Yan smiled and said: "I have been cooperating with headhunters during this period. Currently, I have several suitable candidates. After the interviews, I will report the candidates to the headquarters."
" Just be prepared.”
“How is Vivendi developing?”
Vivendi is the investment focus of Suzque London Fund. One-third of the London office's funds are placed in it, and the leverage is also the highest.
Holds 8.9% of Vivendi's shares.
This stock is definitely the top priority for Huo Yan to track.
When it comes to understanding Vivendi, he is definitely the person who knows the company best outside Vivendi’s management.
“Since selling a series of assets such as Universal Group, Vivendi Games, and US Network, Vivendi has divested and repaid US$19.4 billion in debt.
Restored the company's financial balance.
Currently, Vivendi’s media assets include Canal+ Group, Havastone Group, Vivendi Telecom and Vivendi Networks.
In addition, Vivendi also spun off its environmental protection and energy businesses and established a separate subsidiary 'Veolia Environment'. "
"After Vivendi divested a large number of businesses, its revenue has dropped from its peak of 35.6 billion euros to 9.6 billion euros, with net profit of 879 million euros, total assets of 24.1 billion euros, and net asset value of 13.9 billion. EUR.
The market value has also increased from the lowest point of 9.86 billion euros to the current 18.66 billion euros, which has nearly doubled.
It is the profit support of the Suzaku London Fund. "
"18.6 billion euros, not even one-fifth of the previous one. ”
Xu Liangdao.
(End of this chapter)