My 1999

"Mr. Xu, Mr. Chu Gang is here." Lu Hui came over and said.

"Have him come to my office."

"OK."

Xu Liang's office is located on the top floor of the main building of the entire manor.

It is a comprehensive building with an area of ​​150 square meters, with a small study room, a reception area, and a lounge.

After a short time, Lu Hui opened the door.

A thin young man with black-rimmed glasses and a bookish air about him opened the door and walked in.

While Xu Liang was sizing up the other person, Chu Gang was also sizing up the young and exaggerated person opposite him.

He is no stranger to Xu Liang.

Although the other party is not on Wall Street, Qinglong Fund's astonishing revenue returns have made him famous in the private equity and hedge fund fields on Wall Street.

Being both Chinese, Chu Gang also knew this compatriot.

But what struck him was his age.

21 years old.

When he was 21 years old, he was still a junior at the University of Science and Technology of China. He was still enjoying a comfortable and relaxed campus life, and had no concept of making money in his mind.

In comparison, the other party is already a top elite in the fields of finance and technology.

Looking at his extremely young face, he who calls himself a young elite couldn't help but put away his previous arrogance.

"Hello, Mr. Chu."

"Mr. Xu, I've heard of him for a long time."

Xu Liang smiled slightly, stepped forward and shook hands, and then the two of them sat down.

After Lu Hui served tea.

"Mr. Chu, I think Mr. Jiang and Hanhua's HR department have already told you about the specific conditions. I wonder if you have any objections?"

The conditions given to Chu Gang were the same as those of Huo Yan, which was the treatment of a general partner.

Annual salary of US$500,000, 20% commission from the fund he is responsible for, an investment quota of US$30 million, and the position of general manager of the New York branch.

"Hanhua's conditions are very favorable, and I have no objection to this. However, I hope that the initial amount of the fund I am responsible for can be higher."

Xu Liang said with great interest: "Why? If there is no special reason, I'm afraid it will be difficult for me to agree to you."

After Chu Gang hesitated for a moment, "I found a very good investment opportunity. I hope I can make more money for the company and myself."

"Oh? Can you tell me in detail?"

Chu Gang smiled but did not speak.

Xu Liang saw it and waved, and Lu Hui brought over a document.

Xu Liang took it and took a look at it before passing it to the other side.

"This is our employment contract. I believe Hanhua's conditions are definitely the most generous on Wall Street."

Chu Gang took it and read the contract carefully, frowning slightly.

“Is a three-year non-compete agreement too long?”

"All non-competition agreements of our Hanhua partners are for three years, and no one is exempt." Xu Liangdao.

Chu Gang thought for a while and signed his name on it.

Non-compete agreements are the same in any investment institution, the only difference is the length of time.

As Xu Liang said, Hanhua's contract is the most generous contract he can get currently.

So after weighing the pros and cons, he could accept a longer non-competition agreement.

"Mr. Chu, welcome to join Hanhua."

"It's my pleasure."

After saying that, Chu Gang, who was all worried, opened the briefcase in his hand, took out a document from it and handed it over.

"This is the information I collected about UHAL, which is translated into Chinese as 'Aimeike' company."

Xu Liang took it and looked at it.

"Aimi is an American company that specializes in trailer rental. It has branches all over the United States and even Canada, and it occupies a considerable market share.

Around 2000, in order to further expand the company's scale, the company borrowed money to diversify at any cost, established an insurance subsidiary, and made high-risk investments.

As a result, the insurance subsidiary brought losses of more than US$100 million to Aimico every year.

In addition, it has experienced a sharp increase in debt due to excessive expansion and has fallen into a financial crisis. Its stock price has dropped from its peak of US$56 to US$13 now, and it continues to fall.

However, when I was at Citigroup, I happened to be in charge of UHAL's debt investigation, and found that its net assets per share were more than $50. Even with a 50% discount, there was still $25.

Moreover, Amico's core business, the trailer business, is operating well, with its competitive advantages still intact, stable sales revenue, and abundant cash flow.

As long as Amico divests its insurance subsidiary and sells some real estate under its name, and overcomes this hurdle and resolves the current crisis, its financial situation will immediately improve. This can be easily and quickly achieved, and normal operations can be achieved.

We can definitely take advantage of the opportunity to buy the bottom and make a lot of money. "

Chu Gang looked excited.

Xu Liang has been working in the investment field for three years. Although he does not have a real financial background, after a long period of study, he is now considered an entry-level person.

Look at the case of Aimeike mentioned by Chu Gang.

Indeed, as he said, this is a good investment target.

"Aimi is indeed good. However, if you want to divest toxic assets, you may have to reorganize your assets or file for bankruptcy before you have the chance."

Chu Gang nodded, "Yes. So we have to wait for a while for this investment."

"How long do you expect to have to wait?"

"Based on Amico's cash flow, they can last up to half a year."

"Half a year?"

Xu Liang pondered for a moment.

Half a year later, his speculation in oil has ended. If this Amico company is really what Chu Gang said, he doesn't mind investing more money.

"How much do you plan to ask for?"

Chu Gang hesitated for a while, "One hundred million dollars."

Xu Liang nodded, "I want to see more detailed financial and operational data of Aimeike. If everything goes as you said, I will hand over 100 million US dollars to you."

"Thank you, Mr. Xu, for your trust." Chu Gang said excitedly.

“As long as it’s a good project, I never hesitate to trust you.”

After a pause, Xu Liang continued.

"However, since there is no rush for the Amico project for the time being, you should first familiarize yourself with the people in the New York branch during this period. We will have a big project soon. New York is one of the main battlefields and there cannot be any mistakes."

Chu Gang was shocked.

The investment of 100 million was done without blinking an eye just now. Now it is called a big project. How much will it cost?

Chu Gang felt inexplicably looking forward to it.

——

"Aiming at the United States, Hongmeng announced an investment of US$1 billion to enter the US Internet market" - Sina News.

"The Enemy from the East" - Wall Street Journal.

"Shock! South Korean company Hongmeng spends huge sums of money to develop the US market” - Chosun Ilbo.

"Ichibanmu, War of the Giants, American Chapter" - Asahi Shimbun...

After looking at the reports from major online media, Xu Liang closed the webpage with satisfaction.

Although the lie will inevitably be exposed in the end, it can still bluff Google in a short period of time.

"Taking advantage of this trend, it's time for me to go to Silicon Valley."

Xu Liang said.

Jingle Bell…….

The phone suddenly rang.

He glanced at the incoming call and quickly pressed the answer button.

"Mr. Xu, I am Xia Changsheng."

A calm and serious voice came.

"Lao Xia, are the negotiations with Standard Chartered over?"

"Yes. It's over."

"Great, how much was the loan?" Xu Liang asked expectantly.

"Based on the market value of Yahoo Japan No. 27, 10% of the shares, 80% of the loan limit, a total loan of US$2.25 billion. After repaying the US$250 million loan from Mitsubishi Bank, there is still US$2 billion left."

In 2001, Xu Liang used Yahoo! Japan's shares to borrow US$250 million from Mitsubishi Bank. It was time to repay the money.

This loan was just enough to repay the money.

"Two billion US dollars is much better than I originally expected. ... When can I get the money?"

"The funds will be available within three days at the latest."

"very good."

For this operation, Xu Liang stayed in New York for three days.

Three days later.

Xu Liang held a conference call in the office of Hanhua's New York branch headquarters in the small town of Greenwich.

Apart from him, there were mainly four people attending the meeting.

Jiang Xiaoyang, COO of Hanhua Capital.

Qiu Heng, head of Kunpeng Fund of Hanhua Capital.

Chu Gang, General Manager of Hanhua Capital New York Branch.

Huo Yan, general manager of Hanhua Capital London Branch.

"Qiu Heng, how much money has Kunpeng Fund raised now?"

"$1.374 billion has been raised."

Qiu Heng is different from Chu Gang and Huo Yan. He is only responsible for managing funds and is not responsible for specific investments.

“Have all our customers been contacted?”

"I have contacted them all, and basically all those who can invest have already invested. We may also raise some funds from Tomita Fortune, Samsung Securities and Standard Chartered in the future, but it will not be too much." Qiu Hengdao.

Xu Liang nodded.

Tomita Fortune, Samsung and Standard Chartered are all individual investors, relying on accumulation bit by bit, and it is indeed impossible to grow too much in a short period of time.

“Let’s get down to business.

You all read the confidentiality contract and signed it.

You must not reveal every word you hear next. Otherwise, legal liability will be pursued according to the content of the contract. "

After warning in a serious tone, Xu Liang said solemnly.

"Next, Hanhua Capital will make its largest investment since its establishment - crude oil futures.

Kunpeng Fund will invest US$1.3 billion to leverage US$13 billion with ten times leverage to go long in crude oil.

The three major branches in Hong Kong, London and New York started working at the same time and invested all their funds in the market within one month.

This operation will be named "Project Dawn".

Okay, that’s all I’m saying. The specific action plan has been sent to you. Who has any questions? "

"Mr. Xu, is it too risky to bet $1.3 billion all at once?" Huo Yan asked.

"Don't worry, if there is a need for a margin call, I will put money in."

Xu Liangdao.

Although Kunpeng Fund invested all in crude oil futures with 10 times leverage this time, his own Hongyan Fund only invested one billion U.S. dollars this time, leaving one billion U.S. dollars left to hit the bottom.

Plus the money raised from selling new dreams.

There will be more funds in his hands.

So, he's not afraid of margin calls.

In fact, unless a major black swan event occurs, crude oil rarely rises or falls by more than 10% in a short period of time.

After Xu Liang said that he could invest more, everyone was fine.

Although they didn't quite understand Xu Liang's investment in crude oil, in view of the big boss's glorious record in the past, no one questioned it.

After the final explanation, Xu Liangcai chose to hang up the phone.