America's Road to Fame

Chapter 113 Fund No. 3

At present, the securities department of Meta Investment Company has three investment parts. The 1 million US dollars of the No. 8 fund is used for the investment of subprime loan bonds. Together with the newly added 2 million US dollars later, the investment scale has reached 10 billion US dollars.

Fund No. 2 is used to short-sell the stocks of companies related to subprime loans with US$5 million; the last part is to invest in gold futures.

After William Chen consulted John Paulson, he planned to add a private equity fund—Fund No. 3.

The investment threshold of this fund is 100 million US dollars, the annual management fee is 2% of the investment amount, the commission rate is within 50% of the rate of return, and 20% of the income part is charged; the rate of return is within the range of 50%-100% , charge 25% of the proceeds; if the yield is above 100%, charge 30% of the proceeds.

As the manager of the fund, John Paulson can get 20% of the commission as a performance commission.That is to say, if the rate of return of this fund is 50%, then he can get 50%*20%*20% of the total investment of the fund, which is 2% performance commission.If the income can exceed 100%, then his performance will be very impressive.

After Fund No. 3 completes fundraising, there will be a one-year closed period before the redemption window of the fund will be opened.

This also means that William Chen accepted the cooperation of Rick Walton, and the current investment in Fund 3 includes Rick Walton's 1 million US dollars and Alicia's 200 million US dollars-this is William Chen, who Alicia had previously accepted, got a 30% stake in her law firm.

In addition, Chen William gave his assistant Erica a salary of 100 million US dollars in advance, which was invested in this private equity fund.Add in the $1000 million that Uncle Tom contributed, and now Fund 3 has raised $1.13 million.

At the same time, as another proposal to cooperate with Chen William, Rick Walton contacted MGM and offered 3000 million US dollars to invest in MGM, so that they can support until February next year, so that he won the MGM GM's 2% stake.

According to the tacit agreement reached between Chen William and Rick Walton, if Chen William decides to acquire MGM in the future, he will transfer this part of the shares to Chen William at the original price of 3000 million US dollars.

There is no unreasonable contribution in the world. According to Rick Walton's current conditions, it is beneficial to William Chen, unless he is really so sure that William Chen's foundation will bring him very rich returns.

But if he's so sure, why doesn't he invest in it himself?Because there is no experienced manpower?
William Chen does not believe this, because through John Paulson, he learned that in the information John Paulson currently has, there are at least five funds that are shorting subprime mortgage-related bonds. It's just that these funds are all small funds, and the largest fund size is only 5 million US dollars.

This is not surprising. To put it bluntly, those who are currently investing in shorting subprime mortgage bonds, including John Paulson, are all marginalized people on Wall Street in the eyes of top Wall Street predators such as Goldman Sachs and Merrill Lynch.

When Lloyd, the CEO of Goldman Sachs, heard the name of John Paulson from Meta Investment Company and asked Karsten, the head of the investment department, what Karsten answered him was: John Paulson?He was just a Tier [-] fund manager.

That's it. In their eyes, John Paulson, who used to have a fund of about [-] million US dollars, was only in the third level in Wall Street, and he couldn't get into the eyes of people like them at all.

As for other small funds with a capital scale of less than US$5000 million, in the eyes of these people, they are just fringe people who follow them to pick up a little leftovers.

However, the development of the matter is so dramatic. These fringe people finally overthrew the proud thrones of the top investment banks. , and even the size of the fund exceeded $10 billion.

So back to Rick Walton, how likely is it that he can see that William Chen's No. 3 fund may bring him 10 times or even dozens of times in return?
Therefore, his current actions are more like a gesture of favor to Chen William.What Chen William needs to figure out now is, what is the reason?

When William Chen saw his own shadow reflected from the glass door, he was indeed handsome and handsome, with a tall and straight figure.

At this time, he suddenly came up with an idea: F**K, isn’t he fancying himself? After all, even William Chen himself is often obsessed with his own appearance when looking in the mirror, lamenting God’s eccentricity, so This kind of possibility is not impossible-I am your brother, but you want to fuck me?
It's no wonder that he has such a guess. After all, there are too many such same-sex loves in the United States.

Uh... You can't say that, no matter where you are, there will be a certain chance of this kind of situation, but in other places, the acceptance of this kind of thing will be very low, so those people will deliberately hide their sexuality , so in the eyes of ordinary people, it seems that there is no such person around.

When a phenomenon has a common chance, but you have never experienced it, then the only possibility is that it is not absent at all, but is hidden.

In the United States, it is different. After all, LGBT has even risen to the level of political correctness. The so-called LGBT is the abbreviation of Lesbian, Gay, Bisexual and Transgender, so these people dare to express themselves. Identity, especially in Hollywood, where the white left gathers, we must pay more attention to this aspect. Do you dare to disagree or disagree?Hmph, you discriminate, we will drown you with saliva.

Therefore, the way of thinking on both sides is different. In the United States, when considering this aspect, it will naturally include the situation of LGBT, so it is no wonder that William Chen has this concern.

Because of Rick Walton, although I saw him chatting happily with Lindsay and Britney that day, didn't anyone take it away in the end?Then who knows whether he has the same attitude as them because of his sexual interest or because of his girlfriends?
Thinking of this, Chen Weilian also became a little annoyed. With his appearance, not only did he have to guard against women having unreasonable thoughts about him, but even men had to guard against him, and his heart was tired.

"Rick, there's one thing I'm curious about."

So, after Rick Walton came to Meta Investment Company to sign the contract to invest in Fund No. 3 and became their investor, William Chen asked this question that he was more concerned about when chatting with him .

"I saw your investment, including movies and mine, and promised to invest in Roger's show, but it seems that you don't have much interest in your family's retail business?"

"It's not surprising, William, if you understand how our family manages Wal-Mart, then you can understand."

Rick Walton walked to the window, took out the cigarette case, lit a cigarette, turned around and said to William Chen:
"In the Wal-Mart Group, I can go in and do things, but I can't change their decision-making. When my ideas cannot be integrated with them, then the result is that I can only stay away."

"Your philosophy?"

"Yes, I actually envy you, William, you see the future of the Internet, which can be seen from your investments, those Silicon Valley companies, Twitter, Siri, HOLA, and Netflix, I I also agree with this point that the Internet will change the way people live.”

When Rick said this, he sighed: "But Wal-Mart can't see this, or in other words, although they have made certain attempts to address this, in my opinion, these are far from enough."

"Amazon is constantly developing, but in contrast to Wal-Mart, the current thinking is still fettered. The management, including my uncle Robertson, are all cautious, following the philosophy of my grandfather Sam Walton, and dare not make any changes. No innovation at all."

"What makes people feel suffocated is that no matter what they do, they always first move out the Sam principle and the Sam spirit, and do things within this framework. Two years ago, they even dismissed Amazon. Now? Amazon is already encroaching on Wal-Mart's territory, and will continue to compress Wal-Mart's development space in the future. Oh, there may be no room for development, and it can only continue to decline."

"Yes, I believe that sooner or later they will have to change, but I think by then, it will be too late."

(End of this chapter)