My 1999

When Xu Liang was holding the beauty in his arms.

Larry Ellison, who was far away in New York, also mobilized his own network and attracted many allies.

Private club on the Upper West Side.

There were five people sitting next to Larry Ellison.

AIG CEO Jeffrey Greenberg.

John Thornton, President and Chief Operating Officer of Goldman Sachs.

Oracle President and Chief Operating Officer Howard Eisen.

Carey Killinger, CEO of Washington Mutual, the fourth largest bank in the United States.

and Paul Singer, founder of Elliott Management.

Among the five people, except for John Thornton, whom he met later, and Howard Eisen, who was a company partner, among the other three, AIG took over all of Oracle's insurance business.

Washington Mutual is Oracle's partner bank, and all Oracle's capital flows are placed with it.

Finally, Larry Ellison is a hedge fund giant and one of the largest private EPs of Elliott Management Company, known as the ‘King of Vulture Funds’ in the United States.

To be friends and partners with the arrogant Larry Ellison is to share the same qualities.

After all, only madmen can attract madmen.

"Larry, that lucky boy from China scolded you quite badly in Time Magazine."

Paul Singer, who was wearing a black suit and slightly fat, was smoking a thick cigar and spoke frivolously.

Larry Ellison's eyes flashed with anger, but he quickly suppressed it.

Although he is arrogant, he also knows that some anger is not caused casually.

Especially the opponent is Paul Singer.

Elliott Management, founded by this fat man in 1977, is almost one of the oldest hedge funds in the world.

His most famous fight was a 15-year legal battle with the Argentine government over overdue debt payments, which included the seizure of an Argentine ship and ultimately forced the Argentine government to pay Elliott 24 billion, while other bondholders settled for pennies on the dollar.

Bloomberg describes Elliott as “Wall Street’s most feared fund house.”

Elliott currently controls nearly $20 billion in assets.

Although Oracle's market value is larger, the capital it controls is far less than that of its counterpart.

"That lucky but arrogant Chinese bastard made me very angry with his repeated provocations. What makes me even more unbearable is that he, a despicable Chinese, dares to be so arrogant on the territory of the United States. They didn't take us seriously at all.

So, everyone. "

Larry Ellison's sinister eyes swept over everyone and said slowly.

"I think we need to teach him a profound lesson."

After everyone listened, their expressions did not change much.

They all knew Larry Ellison and had seen the interview in Time Magazine. They had long expected that Larry Ellison called and invited them here for this very purpose.

"Larry, Xu Liang is not that easy to deal with." John Thornton said.

"Maybe it was before, but now he has taken the initiative to expose his weaknesses to us." Larry Ellison said.

"You mean oil futures?"

"That's right. John, I think with the power of Goldman Sachs, we can definitely find out where Hanhua Capital invests in oil futures." Larry Ellison said.

John Thornton said calmly: "We can only find out the part of their transactions through the Goldman Sachs platform. As for the rest, there are a large number of shell companies as cover, and even we can't find it in a short time.

And even if you could figure it out, it would be difficult to influence it because the volumes of Brent and West Texas Intermediate are so huge. "

Currently, global crude oil futures are mainly traded on the four major exchanges.

New York Mercantile Exchange NYMEX

In 2002, the trading volume was 72.54 million lots, with an average daily trading volume of 270,000 lots.

London International Petroleum Exchange IPE

In 2002, the trading volume was 26.41 million lots, with an average daily trading volume of 170,000 lots.

Tokyo Commodity Exchange TOCOM

In 2002, the trading volume was 25.6 million lots, with an average daily trading volume of 180,000 lots.

Singapore Exchange SGX.

The trading volume in 2002 was 12.84 million lots, with an average daily trading volume of 90,000 lots.

Each lot of oil futures is 1,000 barrels. According to the current oil price of about US$24 per barrel, the daily trading volume reaches US$18 billion.

If you want to influence global oil prices through funds, even if you use leverage, you will need a staggering amount of funds.

too difficult.

"Mr. John, as far as I know, Xu Liang's investment in oil is based on the overall improvement of the world economy and the demand for global energy from China's rapid economic development.

Therefore, from this perspective, he will most likely focus on the Singapore Exchange’s ‘High Sulfur Fuel Oil Futures Contract’ and ‘Dubai Crude Oil Contract’.

It is relatively easy to influence Singapore’s oil futures prices with our strength. "

Howard Eisen smiled.

Because of freight costs, oil going to China is basically purchased from Southeast Asia and the Middle East.

The oil from these two regions is the main variety in Singapore's futures trading market and is closely related to the economic development of East Asia.

"John, with the energy of Goldman Sachs, it shouldn't be a problem to figure out Hanhua Capital's investment direction and approximate amount of funds?" Larry Ellison's eyes were shining.

John Thornton smiled slightly, "Of course Goldman Sachs can find this information, but what can we get?"

"We can conduct this transaction through Goldman Sachs' platform, and you can get generous commissions." Larry Ellison said.

"OK, no problem. However, the news from Goldman Sachs can only be bought with money, so Larry, this part of the funds...?"

"Damn vampire." After cursing in his mind, Larry Ellison gritted his teeth and agreed, "I can pay."

"That's no problem."

After talking to John Thornton, Larry Ellison turned his head and said, "Jeffrey, Carey, Paul, I sincerely invite you to join me in this hunting operation. I can guarantee that you will definitely make money." The pots are full."

Jeffrey Gersenberg, who had been silent until now, smiled lightly.

"Larry, are you aware of the war of words between Washington and Iraq?"

“Of course. …Jeffrey, I understand what you mean. If a war does break out between the two sides, with Iraq’s status in OPEC, oil prices will definitely rise.

However, this war of words has been going on since September last year with no results, and there is a high probability that there will be no results. Moreover, the war in Afghanistan that started last year has not completely ended yet. I believe that Washington will not start a second war so soon. "Larry Ellison said confidently.

Jeffrey Gersenberg quickly shook his head.

"Although Washington has not made a decision yet, as long as the matter does not calm down for one day, there is a possibility of an outbreak. AIG will not take risks."

Recently, AIG has been closely watched by New York State Attorney General Eliot Spitzer. In particular, he has used the "Martin Act" to repeatedly cause trouble for AIG, and even threatened criminal prosecution to interfere with AIG's operations, giving Jeffery a lot of headaches. , I really have no intention of causing trouble in the oil futures market.

"Jeffrey, this will allow AIG to gain huge benefits." Larry Ellison said quickly.

"Larry, AIG is in trouble now, and I believe you have heard about it. So I will not go out personally, but AIG can provide financing for your actions. This is my biggest concession." Jeffrey Greenberg said firmly .

Seeing him like this, even though he was dissatisfied, Larry Ellison did not insist anymore.

He looked to Washington Mutual CEO Carey Killinger and Elliott Management founder Paul Singer.

The former hesitated.

In his view, the risks in the futures market are too high.

Rather than oil, he wanted to get Washington Mutual into the increasingly popular areas of real estate lending and derivatives.

Although oil and water may not be as high as the futures market, the risk is also much lower.

However, Oracle and Larry Ellison are the company's major customers, and they cannot refuse outright.

"Larry, Washington Mutual Aid can join, but we have limited funds and won't invest too much money."

Larry Ellison frowned.

But in the end he didn't say anything.

Washington Mutual is not Citigroup or JPMorgan Chase. They have a small investment banking business and their asset management is more focused on stable assets.

Futures are too risky for them.

"Paul, what about you?"

"I'm very interested, but I need to confirm the amount of funds Hanhua has in oil futures and its specific investment strategy."

Paul Singer smiled.

Hedge funds are inherently high-risk funds.

They are frequent visitors to the futures market.

As long as they can make money, they don't care about the risk.

Larry Ellison breathed a sigh of relief.

After working hard for a few days, I finally got nothing.

"John, I'll leave it to you to collect information."

John Thornton smiled and nodded.

"no problem."

With Goldman Sachs' ability, although it is impossible to obtain Hanhua's detailed investment plan, the general situation can still be clarified.

"Larry, do you need me to contact other hedge funds for you? I believe many institutions will be interested." John Thornton smiled.

Larry Ellison thought about it and shook his head.

"It's not necessary for the time being. There are too many people who know and it's easy to leak the information. If Hanhua knows about it in advance and is prepared, it won't be easy to deal with them."

"Larry, I think we can fight for it appropriately." Howard Eisen continued, "Hanhua Capital's roots are in Asia, and they don't have deep connections in the U.S. capital market.

Therefore, if we limit the scope to a few large institutions, we can still ensure the absolute confidentiality of the information. "

Larry Ellison thought about it and nodded.

"John, it must be one of the top twenty hedge funds in the world in the United States, otherwise the funds held are too small and will not be of much help to our plan."

"no problem."

After talking about the business, a few people simply drank some wine and left after eating.

When only Larry Ellison and Howard Eisen were left in the room, the former's face instantly darkened.

"Cowards, cowards. Fortunately, I believed in them so much and invited them to participate in today's opportunity. I didn't expect that when things came to pass, they all backed down."

He originally thought that after he said hello, the other four people would gather. Unexpectedly, except for Paul Singer, who verbally agreed, Carey Killinger, who might vote for him due to face, and John, who he had great hopes for. ·Both Sangsun and Gersenberg refused.

When your hopes are dashed, you will naturally be angry.

Wait until he vents and calms down a little.

Howard Eisen said seriously: "Larry, we must find more informants in Washington."

"Are you also afraid that war will break out in Iraq?"

Howard Eisen nodded and said: "If we join this fight, the Iraq War is the only off-field factor that can affect the success or failure of both of us, and we must pay enough attention to it."

Larry Ellison frowned for a moment and then nodded.

"I will find more public relations companies."

Seeing that he agreed, Howard Eisen felt relieved.

His greatest fear was that Larry Ellison was too proud to listen to advice.

——

After three days of rest, everyone at Hanhua Capital has regained their strong energy.

Because the manor did not have a dedicated conference room, Xu Liang chose the audio-visual room on the basement floor for the meeting.

The space here is large enough, with five steps to place chairs, and a screen in the middle that can be used with a computer to make presentations.

It is a more suitable place for meetings.

Xu Liang stood in front of the screen, looking at the more than 30 senior executives of Hanhua Capital sitting or standing in front of him, and he felt a sense of pride in his heart.

Three years ago, Hanhua Capital was still a company with three big cats and two small cats.

It was all because of his coaxing and deception that he lured Jiang Xiaoyang from CITIC to serve as the CEO of Hanhua.

With her relationship and the background of the Jiang family.

When Hanhua Talent was unknown, it was able to recruit some outstanding talents, raise a certain amount of funds, and then slowly develop.

Now, three years later, Hanhua has become one of the top hedge funds in the world, with capital under management approaching US$10 billion.

Xu Liang took a breath and calmed down and smiled.

"Everyone is in good spirits. It seems that they have recovered over the past few days."

Everyone at the bottom of the steps laughed.

"Not only have I gained weight, I feel like I have gained two pounds in the past three days." Huo Yan said with a smile.

"Lao Huo, forget it, look at our Director Jiang, he is really fat."

Jiang Jizeng smiled and didn't care about being teased by everyone. He looked at Xu Liang in front of him happily and listened to him continue to speak.

"Okay, okay, the joke is over. Let's get down to business."

After hearing what he said, the laughter on everyone's faces disappeared and their expressions became serious.

Xu Liang cleared his throat.

“It has been three years since Hanhua Capital was established in February 2000.

As of now, Hanhua Capital owns the 'Planet Series', which focuses on investment, and the 'Beast Series', which focuses on private equity and hedge funds, with a total of 12 major parent funds and 25 sub-funds under management. A private equity giant with assets of tens of billions of dollars.

Our Qinglong No. 1 Fund, with an average annual profit of 378%, was ranked first in the 2002 global hedge fund rankings by Bloomberg News, surpassing all peers including Medallion Fund and Bridgewater.

This is the result of everyone's joint efforts. "

Wow….

Loud applause rang out in the video room.

Everyone's expressions were filled with excitement and pride.

The better the company develops, as a member of it, they will not only get a lot of salary, but also have a lot of highlights on their resume.

Even if you leave Hanhua in the future, it will be much easier to find a job or start a business.

After the applause subsided, Xu Liang said with a smile: "Next, we welcome each fund manager to make an introduction. Who comes first?"

"I……."

A dozen arms were raised in unison.

"Haha, it seems that everyone is very active. But you are so active and I have a hard time choosing. How about this. Investment funds should be in the order of metal, wood, water, fire and earth, and hedge funds should be in the order of establishment."

Only one update tonight.