Hong Kong's new giants

April 4, Wednesday.

Lin Zuhui arrived in Los Angeles and stayed in a Beverly Hills mansion owned by Hengjin Investment, along with Guan Jiahui, Wang Zuxian and Lin Zixia.

This mansion covers a total area of ​​about 15300 square feet, with nine bedrooms, a swimming pool, a tennis court, and a lawn; from the road, you have to drive into a small private road, and then you drive into a villa in the tropical rainforest. focus on privacy.

Most importantly, the villa is a new house that has just been renovated.As for the price, it is ridiculously cheap, Hengjin Investment only spent 550 million US dollars.In the past two years, real estate in Europe and the United States has been sluggish and falling. The vacancy rate of office buildings in Manhattan, New York has reached 2%, and London is no exception.

So in the past two years, Lin Zuhui planned to buy low-priced office buildings in New York and London for long-term rent collection in the future.Investment should not only focus on high returns, but also invest in industries with low risks and stable returns.

In fact, villas in the United States are far less valuable than villas in Hong Kong. The villas in Hong Kong in the previous life can easily cost 10 billion Hong Kong dollars, while the villas in the United States are worth 2000 million U.S. dollars.

The three girls instantly relieved the embarrassment and fatigue on the road, and happily visited the villa.

Stepping on the wide lawn, there is a swimming pool on one side and a tennis court on the other. There is a big tree at one end of the lawn, and the whole villa is surrounded by tropical trees.Different from the design of the villas in Xiangjiang, the villas here pay more attention to the outdoor area, and the villa itself has only two floors, and the occupied area is not as large as the 'non-villa building' itself.

The luxury houses in Hong Kong like to build a super large podium base to protect the privacy and safety of the owner; and then build swimming pools, lawns, villa buildings, etc. on the podium base.

"How is it?" Lin Zuhui asked the three women.

Guan Jiahui immediately ran to Lin Zuhui's side, arm in arm, and said kindly: "Who is this villa going to give to?" The implication is that she is the second wife, so she should think about herself first!
Lin Zixia also looked forward with interest, because Lin Zuhui personally promised to give her a set.

Lin Zuhui laughed, then pointed outside, and said: "There are not 100 luxury houses like this here, but at least 80! Anyone who immigrates to the United States will get one! Of course, you can also choose villas by the sea , later I will ask my subordinates here to show you the house, buy it if you see it, it’s not bad for money!”

Guan Jiahui and Lin Zixia were happy, Wang Zuxian didn't feel it, her villa in Vancouver didn't belong here; moreover, Wang Zuxian liked Vancouver very much, there were many Chinese people there, so there wasn't much strange feeling.

Back at the villa, there are four servants here, two Chinese and two white aunts. As for the maintenance of the villa, there are of course part-time workers; Hengjin Investment has an office in Los Angeles, and some people worry about it for Lin Zuhui.

The interior of the villa is very new. It has only been renovated for two or three years. The previous owner sold the property because of poor investment.

After the visit, several people sat down in the living room.

Guan Jiahui took the initiative to sit next to him again, and leaned on Lin Zuhui, coquettishly said: "Do you come to the United States to work a lot this time, will you accompany us on vacation?"

Lin Zuhui hugged her delicate body, but couldn't control the other hand, he pulled Lin Zixia who was nearby, and hugged her.

Wonderful, indescribable!

"I really don't have time to accompany you. I have a rest today and I have to start working tomorrow. My purpose of this overseas trip is to invest. You don't want me to have no money to raise children, do you?"

Guan Jiahui pointed to Lin Zixia, and said cautiously: "Does the eighth child have children?"

Lin Zixia said angrily: "What old man, I don't get involved in the affairs between you!" The aura was so strong that Guan Jiahui stopped talking back.

Lin Zuhui smiled and said: "That's what it means, there's nothing wrong with not participating! But tonight's event, you all have to participate!"

The girls immediately turned their heads, with distressed expressions on their faces.

Lin Zuhui is not worried, he has plenty of money, money can communicate with ghosts and gods, so naturally he can also buy fairies.

The next day, Lin Zuhui looked at the bed reluctantly, and then dragged his sore body to Los Angeles Hengjin Investment Branch. George, the person in charge of the Americas, had arrived ahead of schedule.

"Boss, it's a pleasure to meet you!" George said enthusiastically.

Working in Hengjin Investment, there is not much pressure, the job is execution.The main investment is that the boss hand-picked the project, and they completed it; the boss also provided a sum of money at the beginning, allowing everyone to establish a fund and invest independently.But the boss never asked how much money the fund had, as if he had forgotten it, and it was only supervised by the head office.

"George, long time no see!" Lin Zuhui said with a smile while holding George's hand.

A loyal, responsible and capable subordinate!
When he came to the office, George reported to Lin Zuhui about his work.

Lin Zuhui nodded after listening, and said seriously: "This time I come to the United States, one of the important tasks is to prepare for the 'family office'!"

George was surprised, and then said: "If a family office is established, how should Hengjin Investment operate?"

Lin Zuhui said: "My family office wants to keep a low profile, but as a rich man like me, it is impossible not to have a private company. Therefore, Hengjin Investment continues to operate independently, giving outsiders the feeling that he is my private investment company. "

He thought that after the establishment of the family office, Hengjin Investment had to be operated independently in order to attract attention, which was equivalent to a kind of risk control.

Of course, after the establishment of the family office, Hengjin Investment will transfer some assets to the family office.And under the family office, it has to set up multiple funds, named after the animals of the Chinese zodiac, that is, 12 funds.For each fund, multiple investment funds and companies can be established in a dispersed manner.

George nodded and said, "Okay, BOSS's idea is very good, congratulations to BOSS's fortune to a higher level!"

Lin Zuhui said with a smile: "Yes, I do have stronger strength, you have to do a new challenge, and I will increase the funds of your Americas Investment Department!"

George quickly said: "Boss, don't worry, we are ready at any time!" The more money the boss invests in this department, the more everyone's benefits will be agreed, which is naturally a happy thing.

Then, George said: "You asked me to contact Korn Ferry International. I have already contacted them. Their president, Cohen, will personally receive you at 1 p.m.!"

Lin Zuhui nodded. To set up a family office, what you need is talents.Therefore, he asked George to arrange Korn Ferry International as his talent consultant in advance.

Of course, Lin Zuhui would not be so stupid that the entire family office staff would let Korn Ferry introduce him.About one-third of the talents are found through Korn Ferry International, which is already outrageous.

George thought for a while and said, "Boss, I also know some people on Wall Street. If you need, I can introduce you to one or two talents. Of course, the premise is that you can convince them!"

Lin Zuhui said with a smile: "It's hard to convince them, I can only offer a high salary. So, don't introduce me too powerful investment talents, just introduce the kind of talents who may work for me."

George responded with a smile: "I forgot, boss, you are the real king of investors!"

Lin Zuhui accepted it as a matter of course, after all, these high-level officials knew his record.

At one o'clock in the afternoon, Lin Zuhui and George came to the headquarters of Korn Ferry International in Los Angeles.

In the previous life, in the talent recruitment industry, especially in the search for high-end jobs, Korn Ferry International was the leader in the industry. Together with Heidrick & Struggles, Spencer Stuart, Egon Zehnder, and Russell Reynolds, they were also known as the top five in the industry.Korn Ferry International was established in 1969 and entered Hong Kong in 1978. It has operations in Japan and South Korea, and has become a global headhunting company.

Cohen, the president of Korn Ferry International, warmly received Lin Zuhui. He has heard of Lin Zuhui's name for a long time, and this year he is the second richest Chinese.The important thing is that Lin Zuhui is only 25 years old, and he is still self-made.

Based on this achievement, Lin Zuhui's international reputation seems to be greater than that of Li Chaoren; of course, it is only famous, not connected.

"Mr. Lin, it's an honor to meet you, you are a very legendary figure!" Cohen said sincerely.

Lin Zuhui responded: "Probably because I am too young! Mr. Cohen, are you right?"

Cohen immediately said: "Not only are you young, but you have already achieved great business success!"

After some touting, everyone finally sat down.

Lin Zuhui said directly: "The reason for seeking Korn Ferry's cooperation this time is because I want to set up a family office. I hope your company can help us!"

Cohen was surprised, and immediately said: "Mr. Lin, I must remind you that the operating costs of a family office are very high. The annual operating cost of the smallest family office is 1500 million U.S. dollars. Rich people in many European and American countries adopt The two families cooperated to set up a family office."

Lin Zuhui immediately said: "Mr. Cohen, I know all this. Moreover, the operating cost of my family office is planned to be more than 3000 million US dollars."

Cohen immediately understood that what he met was a rich man who was good at hiding his wealth, and the wealth on the wealth list was only part of his assets.It's unbelievable, the rich people in Hong Kong are so powerful.

"terribly sorry!"

"Seriously, I think Cohen is a great guy!"

Cohen nodded, and then said: "Since I know the general strength of Mr. Lin, our company will definitely introduce you to the best talents!"

Then, the two sides communicated about the start-up team of the family office.

So far, there are two types of family offices in the world:
Single Family Office (SFO), SFO is an exclusive family office for ultra-high-net-worth families, responsible for only one family, and the cost is relatively high;

Multiple family offices (MFO), MFO is responsible for the wealth management of multiple families, mostly commercial banks, trust banks, and family offices, focusing on wealth appreciation.

The family office that Lin Zuhui wants to set up naturally belongs to the SFO, and it is an SFO with all-round management. It is expected to recruit 100 to 200 world-class senior talents, which needs to be improved step by step;
There are only a handful of family offices of this level in the world!The reason why he dared to invest in this way was because he knew that his future wealth would reach a terrifying level.

Lin Zuhui named this family office "Lin Zuhui Family Office", and the top authority of "Lin Zuhui Family Office" is the "Family Council".He himself serves as the chairman of the board, and then invites a few fairies to come in as directors. After the children grow up, they will take over their mother's directorship.

The second generation of the Lin family will definitely have more than 20 members. Then with the emergence of the third and fourth generations, the number of family members may rise to hundreds, or even hundreds.Zhu Yuanzhang's Ming Dynasty ruled for hundreds of years and claimed to have as many as one million descendants. Of course, Lin Zuhui is just making a comparison.

It is obviously impossible for these family members to all work in the family business or family office; this will cause a serious asymmetry of information among family members, and coordination will become more difficult; then it is very necessary to establish a family council. The association can represent the interests of the family, the governance body that handles family affairs, and the official communication platform for family shareholders. It is also the highest decision-making and authority body of the family.

At the same time, the 'Family Council' also exists to supervise and audit the family office. The 'Family Council' is the Board of Directors of the 'Family Office' and below the 'Family Council' is the CEO of the 'Family Office'.

The CEO of Lin Zuhui's family office will naturally be subject to some restrictions (can be removed at will) in the "Lin Zuhui era"; but once Lin Zuhui dies, the power of this CEO will be infinitely magnified.

Basically, all the members of the family council need to work together to contain the CEO. In fact, it is difficult to work together unless it involves real family interests; the purpose of doing so is naturally very simple. Lin Zuhui is worried that some of his unworthy descendants will be ruined family property.

The CEO of Lin Zuhui's family office is divided into six departments: investment management, estate planning, tax planning, trust services, family governance, and administrative services.

The responsibilities of the investment management department are: investment projects, asset allocation, manager selection, investment performance monitoring.
The responsibilities of the estate planning part are: trust management, formulation of trust plans, fund management, and physical asset management.
The duties of the tax planning department are: formulating tax plans, coordinating tax documents, and reasonable tax avoidance.
The responsibilities of the trust service department are: Acting legal person trustee, individual trustee support
The responsibilities of the family governance department are: wealth vision and goals, planning family members' educational programs, family meetings, philanthropic planning.
The duties of the administrative services department are: legal matters, travel planning, shopping planning, butler service, document management, transfer payments, cash flow and budget management, risk management.
The cooperation with Korn Ferry this time is just to recruit some of the most important positions, such as the CEO of the family office and the manager of the investment management department.

Cohen asked: "Which type of talent does Mr. Lin prefer to be the CEO of the family office? Talents with backgrounds such as investment officers, lawyers, and accountants!"

Lin Zuhui said: "Management-type talents need to be very comprehensive. Investment skills are not very important! Talents who fail to start a business are also fine."

"Ok!"

After some exchanges, Lin Zuhui left Korn Ferry satisfied!

A family office requires preparation time and cannot be established overnight.

However, he has constant gold investment, so there is no need to rush.

On the way back, Lin Zuhui said to George: "Collect the information of Cisco for me, this time we will invest in it!"

George said: "Cisco only went public this year, and its market value is only more than 2 million U.S. dollars."

Lin Zuhui nodded and said, "Then buy 3% of the odd shares!"

"Ok!"

When he came to the United States this time, Lin Zuhui did not intend to rush to invest in long-term stocks in the US stock market, such as Coca-Cola, UnitedHealth, Johnson & Johnson, Wal-Mart, Procter & Gamble and other familiar high-quality companies.

After the establishment of the family office, it will be around the end of this year that the investment will officially start.