Chapter 1060 Pacific
"Mr. Xu, Director Qiu is here." Li Jinling reminded.
“Let him in.”
Qiu Heng, in a neat suit, opened the door and walked in.
He is the head of Pacific Fund.
Xu Liang is responsible for investment and he is responsible for management.
"Mr. Xu."
"Sit down."
Xu Liang poured him a cup of tea.
“Thank you.”
"Pacific Phase 3 will expire in October this year."
Hanhua Pacific Phase 3 Hedge Fund is the first hedge fund with a one-year lock-in period after the rise of Hanhua.
The total amount is US$30 billion.
It is divided into three sub-funds, each worth US$10 billion.
Invest in U.S. Treasury bonds, exchange rate markets and call options on U.S. stocks respectively.
"Mr. Xu, this is the detailed revenue statement of Pacific Phase III Fund."
Qiu Heng, who had prepared it in advance, handed over the document in his hand.
Xu Liang actually often checks the revenue of Pacific Fund and Qinglong Fund from the company's backend.
So it doesn’t matter whether you read this information or not.
But since Qiu Heng brought it, he had to double it.
Compared with Phase 1 and Phase 2, the return rate of Pacific Phase III is much worse.
Although U.S. stocks have continued to rise in recent years, the Federal Reserve’s federal funds rate has also increased from 3% in October last year to nearly 6% now.
Almost double.
But the overall profit of Pacific Phase III is about 74.5%.
When the fund matures, it may be mentioned again.
But doubling that is almost impossible.
This time Hanhua cannot get half of the net income like Phase 1 and Phase 2.
Nonetheless.
Pacific Phase III is already a world-class return.
Put down the information.
"How much CDS bonds are held by Fund No. 3?"
Since Xu Liang made nearly 100 billion U.S. dollars by exploiting loopholes in the U.S. evaluation system, this money has not matured yet and has been kept there. on the company's account.
Because there are no good investment opportunities.
In the early stage, I basically invested in some corporate bonds.
With the rapid expansion of the CDS bond market, Xu Liang decisively controlled funds to enter.
He is responsible for the investment direction, and Qiu Heng is responsible for the specific operations.
So Qiu Heng knows the specific figures better than him.
“27.2 billion U.S. dollars. Currently we have 27.2 billion U.S. dollars of CDS bonds, all of which are real estate mortgage bonds. It is expected that by the end of this year, we can increase it to 50 billion U.S. dollars.
If everything goes well, by the end of next year, we will have 27.2 billion U.S. dollars of CDS bonds. It can increase to 70 billion per month, or even more."
Xu Liang nodded slightly.
It gets easier the further you go.
Because the market is big.
"A little less. ... In this way, it would be more efficient if you go directly to Wall Street investment banks and let them come forward to negotiate with those insurance giants."
Hanhua is different from Hongyan.
Hongyan's money is his own. If he wants to get the money safely, he must do everything possible to disguise it and spread it into various fields such as real estate, student loans, and car loans.
Hanhua can definitely attack in a big way.
Whoever dares to default on money after making money.
Without Xu Liang's intervention, those powerful people who invested in Hanhua would not agree.
"Okay. Mr. Xu, are you still following the old rules?"
"Yes, the same old rules."
The old rule means no limit, the more the better.
“How much is the floating profit of the bonds we invested in?”
“27.5%.”
Although Xu Liang used leverage, as the Federal Reserve entered the interest rate hike cycle, Liquidity is falling around the world and funding costs are rising.
Hanhua is making long-term investments, so the leverage ratio is only moderate.
Return on investment also declines.
But Xu Liang is already very satisfied.
After all, after subprime debt CDOs made money, Fund 3 held hundreds of billions of dollars in capital.
After Xu Liang inquired in detail about the values of each fund, he felt relieved.
The next two years will be the most critical two years for Hanhua.
His attention needs to turn more to the top.
Go home in the evening.
"Woo-woo, daddy, my brother took my dog away."
My daughter rushed over.
The crying look is lovable.
Xu Liang quickly picked her up and wiped her tears.
"Dog? What kind of dog?" "It's the dog my uncle gave me."
The girl pointed towards Huo Gang with her little hand.
Xu Liang suddenly realized that when he came to Xiangjiang this time, Huo Gang gave his daughter a white stuffed dog. It was said that it was specially selected by his unmarried daughter-in-law.
My daughter also likes it very much.
I have to hold it while sleeping at night.
At this time, the son, holding an Ultraman sword in his hand, ran out of it huffing and puffing.
Little Douding, who is just over two years old, is already one meter tall.
The tiger-headed and tiger-brained appearance is endearing.
But Xu Liang knew very well how naughty this little guy was. He ran rampant around the house, kowtowed and bumped hands. Not only was it commonplace, but it was also a lot of times.
And those who were not allowed to move had to move. If he didn't pay attention, he would step on the chair and climb onto the table, bookshelf, and any place he was curious about.
Xu Liang was so angry that he slapped her twice without crying. He turned around and did whatever he wanted.
He is simply a leather god.
"Dad."
The little guy ran over happily.
Xu Liang picked him up.
“Did you lose your sister’s puppy?”
“I didn’t, she told me to give it to me to play with.”
“It was obviously you who snatched it away .”
With her father by her side, Xiao Yuyu stopped crying.
“I didn’t steal it, you gave it to me. You said you would let me play with it.”
“It was you who snatched it, so I didn’t give it to you to play with.”
Xu Liang had a headache from their noise.
"Okay, shut up." Turning his head, "Son, does the dog belong to my sister?"
The little guy hesitated and nodded.
"My sister wants to go back now, do you want to give it to her?"
"Dad, she promised to play with me."
"I didn't... ..."
Seeing that they were about to start a fight again, Xu Liang had no choice but to stop it again.
Just for a doll, I followed the two little guys for nearly ten minutes before finally getting the two ancestors to stop.
Qiao Yuhui opens the door and comes in.
"What's the matter, you look like a bitter melon?"
"I have been fighting around a dog for more than ten minutes, and I have just finished coaxing it. Why did you come back early today?"< br>
Qiao Yu will change out of her high heels and hand her coat to the Filipino maid on the side.
"The negotiations with the Shanghai State-owned Assets Supervision and Administration Commission are over."
"Has the contract between Guanshengyuan and Guangming been signed?"
"Yes."
"How much is it? "
"Guanshengyuan is worth 3.7 billion Chinese dollars, and additional debt is 6.2 billion Chinese dollars.
Bright Dairy has 6.3 billion Chinese dollars, and additional debt is 10.4 billion Chinese dollars.
After divesting Guanshengyuan’s condiments, noodles, sauces and other businesses to Fengshou Agriculture, this time Kanghua Group will have to pay a total of 8 billion Chinese dollars. "
Xu Liang nodded, it was pretty much what he expected.
"How are you going to pay? ”
“Half cash, half stock. ”
With the current market value of Kanghua Group exceeding HK$230 billion, if the good news brought by Bright Dairy and Guanshengyuan is added to the stock price appreciation, it will increase in value.
Only 1.5% equity is needed to complete the deal.
Xu Liang nodded slightly.
“How are the negotiations going with Hua Run?”
“We are still doing due diligence, and it will take half a month at the earliest before we can officially sign the contract. Hua Run is very worried. Cooperation is basically no big problem, but Hutchison Port Group’s investment has encountered some obstacles.”
"Li Jiacheng won't sell?"
"He wants to talk to you in person."
Xu Liang raised his eyebrows, "This old guy seems to have a bigger plot."
After thinking for a moment, he continued.
“Did he say anything else?”
Qiao Yuhui shook his head.
“Sister Li?”
Li Jinling responded quickly.
"You will call Li Jiacheng soon and tell him that I will make an appointment with him at the Hanhua headquarters tomorrow morning."
"Mr. Xu, you have made an appointment at 9 o'clock tomorrow morning. Mr. Li Zhaoji and Mr. Zheng Yutong met”
"Yes, I almost forgot about it."
"What about the afternoon?"
"I made an appointment to meet Penguin CEO Bonima at 2pm, and then I have to go to Hongmeng, Shatin. The new park.”
“The day after tomorrow.”
"I want to see what kind of medicine this old man sells in his gourd."
(End of this chapter)