My 1999

London Xu's Manor.

This super luxurious manor, which is 45 minutes' drive from downtown London, covers an area of ​​76 acres and has a construction area of ​​12,600 square meters. Since he bought it in 2003, he has rarely lived here.

Only when Mo Manniang was studying in the UK, he would occasionally fly here to have a tryst with the beauty.

But this time he must stay for a while.

"Mr. Xu, Earl Grosvenor and Duke Cadogan invite you to a banquet in the evening. In addition, the royal family has sent someone to invite you to Buckingham Palace."

Lv Hui handed over the invitation.

Xu Liang took it and took a brief look, then put it aside.

When he came to the UK in 2003, he had basically met these people, and they had cooperated with each other later. They were the connections he actively developed in the UK.

"You can arrange it."

"Okay."

"By the way, where is the radio I brought?"

"It's in your study."

"Bring it to me."

Lv Hui hurried away and quickly brought back a small Sony radio, opened it to look at the tape inside, and nodded with satisfaction.

It's not that he can't afford better equipment, but when he gets older, he likes to reminisce and is particularly nostalgic.

This portable radio was the only electronic device he had in high school, in an era without mobile phones, MP3s, and CDs.

A radio and a few tapes were his only entertainment.

Click.

Press the play button.

"Back then, my team had just opened, with only a dozen people and seven or eight guns.

I was dizzy when I was chased by the imperial army, thanks to A Qing Sao..."

Xu Liang listened to Peking Opera, tapping the chair with his right index finger rhythmically, crossing his legs and humming, obviously enjoying it.

Lv Hui next to him saw it and was no longer surprised.

Other big bosses listened to Beethoven and Mozart to show their style and taste.

This boss's favorite is Peking Opera.

She has never seen a young man in his twenties who likes to listen to this stuff.

"Brother-in-law..."

Amid the sweet shouts, Mo Hongzhuang, wearing a white long-sleeved shirt and pink shorts, ran in.

The shirt had a wide collar, revealing half of her fair and tender shoulders.

With a height of 175cm, Mo Hongzhuang's legs looked particularly slender.

She sat down next to Xu Liang and leaned over.

"Brother-in-law, look."

"What?"

"Movie tickets. My goddess Bellucci's movie, let's watch it together tonight."

Xu Liang took it and took a look.

The name of the movie was written in English.

Translated into Chinese, it means "Love Me \u0026 Deep".

Xu Liang seemed to remember it vaguely.

"Do you like Monica Bellucci?"

Mo Hongzhuang nodded quickly, looking like a little fan seeing a star, with admiration in her words.

"She is beautiful, has a great figure, and is a great actress.

My favorite is the movie she starred in, "The Beautiful Legend of Sicily". The role of Malena she played is simply the embodiment of beauty, and her every move is so charming.

I want to be like her in the future."

Xu Liang glanced at the beauty next to him and smiled.

"Apart from anything else, you are definitely not worse than her in figure and appearance."

"Really?"

"One hundred percent true."

Mo Hongzhuang smiled with satisfaction and hugged Xu Liang's arm tightly, with no gaps under her soft jade and warm fragrance.

Xu Liang also enjoyed this wonderful feeling.

"Brother-in-law, what are you listening to? So bad?" Mo Hongzhuang noticed the sound coming from the recorder.

"This is Peking Opera, the quintessence of the country."

Mo Hongzhuang suddenly realized, "I used to listen to it often when my grandfather was still alive."

Looking at Xu Liang strangely.

"This kind of thing is only liked by the elderly..."

Xu Liang smiled and said, "I didn't like it before, but I liked it after listening to it a few times."

Opera is something that you definitely don't like when you are young.

But the strange thing is that once you are over 40, you inexplicably feel that it is very tasteful, more fun than pop music.

"The hobbies of super-rich people are indeed different from those of ordinary people." Mo Hongzhuang said.

Xu Liang smiled, "Didn't you go home? Why are you back again?"

"My father is busy with work every day, and my mother is looking after my younger brothers and sisters. There is nothing interesting at home, so I came back."

Xu Liang nodded and looked at the time.

"Let's go, let's go eat."

"I want to eat tomahawk steak."

"Why do you, a girl, like to eat meat so much? Aren't you afraid of getting fat?"

"Just exercise more, I like tennis the most..."

Chatting to the restaurant, after lunch, Xu Liang hugged the beauty and took a simple nap.

Came to the study.

"Mr. Xu, Mr. Huo is here."

Lu Hui came in and said.

"Let him come in."

Soon, Huo Yan walked in under the guidance of Lu Hui.

"Mr. Xu."

"Come and sit down."

Xu Liang pointed to the sofa opposite, and after the other party sat down, he picked up the teapot and poured a cup for the other party.

"Thank you."

"Is the Suzaku London Fund due?" Xu Liang asked.

"Yes. It will be unblocked on June 30."

"Three days left."

"Yes."

Huo Yan handed over a thick document.

Xu Liang took it.

Suzaku London Fund, established in 2003, raised 550 million pounds and invested in ARM, Imagine Technology, Vivendi, Tyco International, ARM Holdings, Rex Group, Bain \u0026 Company, Rio Tinto Group, and Reckitt Benckiser Group 15 companies including.

Most of them are technology and software companies.

Rio Tinto and Reckitt Benckiser Group are companies led by Huo Yan in investing.

Xu Liang didn't interfere either.

Over the past two years, London funds have continued to increase leverage as stocks rose, and the current leverage factor is 3.3 times.

Not too high, but not too low either.

"The annual floating profit rate is 28%, which is also the first in the world." Xu Liang praised.

"Thank you for your praise. My performance is still far behind yours."

Huo Yan said modestly.

"How much funding is there for the next phase?"

"£3.7 billion."

When the Suzaku London Fund first started raising funds, it was Xu Liang who came forward to hold a fundraising reception, and only then did it raise 550 million pounds.

Now that you have a foundation of excellent investment results, there is no need to hold any fund-raising receptions, and others will rush to give you money.

"How much do you plan to keep?"

"£2 billion."

"Don't you plan to keep them all?"

Huo Yan smiled and shook his head, "I don't have the ability to control more funds now. 2 billion pounds is the limit. Any more will only lower my return on investment."

Xu Liang nodded slightly.

Investment managers also need time to grow.

And not everyone likes the more-the-better approach to investing.

It is better to invest US$10 billion, get a return rate of 15% per year, and get 20% dividends; it is better to invest US$1 billion, get a return rate of 100% every year, and get 50% post-investment dividends.

However, the latter is a genius-style gameplay that most people cannot grasp.

The former is now the common practice in the private equity industry.

"I won't ask about the specific investment. You have performed very well in the past two years."

"thank you for your trust."

"You know about the reform of the company's internal management structure, right?"

"President Jiang said during the last video conference that Hanhua will gradually transform into a platform financial company, giving major offices more investment freedom."

Xu Liang nodded and said: "As global financial competition continues to intensify, the previous low-efficiency business model where the headquarters took control is increasingly unsuitable for development needs.

Moreover, the headquarters is far away in China, and it is not as sensitive as you to the development of enterprises around the world, as well as changes in the local investment environment and business environment.

With long-arm jurisdiction, it is easy to make mistakes or miss good investment opportunities.

Therefore, we plan to implement the ‘office responsibility system’ to lead the development of Hanhua’s business in a region.

You are the person in charge of Hanhua's London office, responsible for the investment business in twelve Western European countries including the Netherlands, France, and Spain.

Not just private equity funds, but also venture capital.

As the person in charge of the venture capital fund, you are responsible for the nomination, and the head office will formally appoint you after passing the inspection. "

"Mr. Xu, the content of the venture capital business is the same as that of the company in China and the United States?"

"That's right. Including incubators, angels, VCs and PEs. If you feel that a company is particularly valuable for investment and you don't want to exit after it goes public, you can continue to hold it."

Huo Yan's expression changed slightly. He didn't expect that the head office was so determined to reform.

Apart from personnel, financial oversight and jurisdiction, the London office is a fully independent investment firm.

“Giving you the greatest degree of freedom, of course the requirements will become higher.

From now on, the head office will not dictate to you about your investment. If you make more money, you will get more share. If you make less money, you will eat more. No matter how much or how little you earn.

The profits of each fund in the London office are supervised and managed by the head office. "

The London office is responsible for the investment and management itself, and the head office is responsible for the money earned.

The meaning was very simple, and Huo Yan understood it quickly.

"Okay, that's all I want to say. The specific management model change details will be issued by the headquarters in a manual later.

But you can consider the head of a venture capital fund in advance. "

Huo Yan smiled and said: "I have been cooperating with headhunters during this period. Currently, I have several suitable candidates. After the interviews, I will report the candidates to the headquarters."

"Just be prepared."

"How is Vivendi developing?"

Vivendi is the investment focus of Suzque London Fund. One-third of the London office's funds are placed in it, and the leverage is also the highest.

Holds 8.9% stake in Vivendi.

This stock is definitely the top priority for Huo Yan to track.

When it comes to his understanding of Vivendi, he is definitely the person who knows the company best outside of Vivendi’s management.

“Since selling a series of assets including Universal Group, Vivendi Games, and US Network, Vivendi has divested and repaid $19.4 billion in debt.

Restored the company's financial balance.

Currently, Vivendi's media assets include Canal+ Group, Havastone Group, Vivendi Telecom and Vivendi Networks.

In addition, Vivendi also spun off its environmental protection and energy businesses and established a separate subsidiary 'Veolia Environment'. "

“After Vivendi divested a large number of businesses, its revenue has dropped from its peak of 35.6 billion euros to 9.6 billion euros, with net profit of 879 million euros, total assets of 24.1 billion euros, and net asset value of 13.9 billion euros.

The market value has also increased from the lowest point of 9.86 billion euros to the current 18.66 billion euros, a nearly two-fold increase.

It is the profit support of Suzaku London Fund. ”

“18.6 billion euros, not even one-fifth of the previous amount.”

Xu Liang said.