Chapter 80: Citi

Collecting the keys carefully, Huang Xuan ordered Lorraine to call Aubrey and Dutuy. It took so much energy to prepare the drug formula that Guy handed over. According to Lorraine's analysis, the current state of technology is not difficult in terms of raw materials, but only simple elements and organic matter. Similar to current pharmaceuticals, the finished product needs to be composed of various complex compounds, and has unique requirements in spatial conformation, such as rotation and chirality. These have mature or semi-mature methods. The real difficulty lies in the configuration purity. In comparison, the requirements seem to be higher.
According to Lorraine, there are only a handful of companies that can produce medicines with this purity. Unfortunately, none of them belong to China. When China was breaking through the old age, the United States had accumulated the most materials in the world, and Europe had completed its renaissance, also for 20 years. The so-called completion of the expected goals in advance can only show that your expectations are too inaccurate-a bad plan is wrong.
Of course, as far as Huang Xuan is concerned, as long as there is a company that can manufacture it, he is not satisfied with which country, but it involves the pharmaceutical companies, not only him, the entire Huang family has not set foot, really looking for it, It's a bit troublesome.
If you can't do it yourself, ask a professional for help.
Huang Xuan, who had won his mother's true biography of 0.5, immediately remembered Citi.
"Lorraine, help me find Aubrey and Dutoy."
"Ok."
... Bank consortium is the leader of the entire capital market. Whether in the United States or Europe, bankers are always the center of merchants. Even merchants like Ford and Rockefeller would not easily offend these financial giants-of course, in most cases, such merchants have already extended their feet into the banking world.
In the United States, if you want to have a good relationship with the industry, the first step is to have a good relationship with the bank-the method is very simple, let the bank believe that you have money. Whether it is an unnecessary loan or an unnecessary deposit, it is a good tool for dealing with. Repaying the loan on time will increase the bank's credit rating for you. Borrowing and repaying loans is a great way to increase friendship, which is the same as interacting with little girls at school. Borrowing this novel is a very old-fashioned way to get the wrong textbook. But victory is easy to use.
Citigroup is unusually tough compared to the world's first province saved by Wal-Mart. On Wall Street, standing giants always have their own unique methods, and such giants can count out with one hand: Merrill Lynch, Citi, JP Morgan, Goldman Sachs, Bear Stearns, Chase Manhattan, Morgan Stan Profit. It is no exaggeration to say that these bank consortiums occupy the highest peaks in the capital market and dominate all living beings. In the words of Mr. Marx, the bankers are asking for average social profits. And the simplest comment of this sentence is: the bankers. It is an attempt to use other people's money with minimal risk to make a profit that most people can make.
Aubrey and Dutoy are typical representatives of such a consortium.
After watching a movie, Dituva arrived first and brought another tall white man. But Huang Xuan was more looking forward to Citi, so he had to ask them to wait for a while.
Dutuy sat down understandingly. He introduced colleagues through the translation and said: "Mr. Huang, this is Dr. Kelly. The full-time asset manager of the UBS Private Wealth Management Company. In the list of teams we have prepared for you, Dr. Kelly is the second manager. With that said, he handed Huang Xuan a list.
"OK." Huang Xuan greeted Kelly's list of results again, chatting a few words at random. This is a British character with a slightly dull look in his eyes, which is only sharper when he talks about his economic problems.
There are a total of 8 people on the list, and 5 are added in front, which at first glance looks very powerful. However, Huang Xuan does not have high expectations for the appreciation of personal assets, and also does not care much about this list. He folded it and put it in his chest pocket, sitting opposite Dituwa, and picked up a few pieces of information at random, saying: "How about the latest futures delivery?"
"It's going well, it's more than half done."
"Very good." Huang Xuan nodded and said, "What about Furnas? I read your plan, but honestly, it's a bit complicated. If it's not troublesome, I hope you can explain it to me."
Of course it wouldn't be troublesome, Dutuy looked sideways and said: "Dr. Kelly is very familiar with this. The reorganization of Furnas was done by him."
"Well Well?"
Kelly pushed the eyes on the lower bridge of the nose and took out a stack of information from the bag a little impetuously, and said quickly: "Well, I conducted a field survey of Furnas. I think it has several problems that are needed. What needs to be solved urgently, among them ... "
"Dr. Kelly." Huang Xuan had to interrupt him. "We have not much time. I just want to know if this company has been reorganized according to my requirements?"
"Yes." Kelly should be in his thirties, but it seems that his social experience is still in communication with his mentor. He stuttered: "But I think such a reorganization is wrong. A company divided into three separate departments will cause a lot of problems, Professor Derney has a tutorial to say so ... "
Huang Xuanchang breathed a sigh of relief and could only raise one hand again, with a stiff smile: "Dr. Kelly! Dr. Kelly?"
"Yes!"
"Tell me, have you reorganized the company according to my requirements?"
"Yes. But ..."
"OK." Huang Xuan motioned to pause. "That's enough." In front of the doctor, Huang Xuan felt that the two men's ages were reversed.
Seeing that the atmosphere was a bit cold, Dutuy quickly interrupted and said, "Mr. Huang, actually there is one more thing this time."
"Oh?" Huang Xuan continued a cup of coffee for him.
Dutuy took out a USB flash drive and placed it on the table and said, "Do you know John Merriweather?"
Huang Xuan opened his arms slightly, "No."
"This is some information about his new company. Well, this is a genius investor."
Just when Dutuy racked his brains on how to describe McWeather. Aubrey came in behind the housekeeper and interjected: "It's also a genius loser."
Compared to the small villa of Huang Xuan and his son in São Paulo, this house in Nanjing is worthy of the word "luxury". It not only has a large lawn that Europeans and Americans like, but also has its own back garden and Chinese-style gazebo. Mr. Aubrey loves this arrangement.
He passed the Ivy Corridor, followed behind Zhou Lian and looked around, but just entered the living room and heard the name "McWeather".
Huang Xuan got up and greeted him. Tao: "Coffee or tea?"
"Coffee, thank you." Aubrey walked in and sat down. Instead, he asked Di Tuwa: "You wouldn't want to introduce Mr. Huang into JWM's fund."
"Do you think there is a problem?"
"Of course." Aubrey blushed and said with a thick neck: "McWeather almost lost the entire Wall Street two years ago. Today a Swiss told my client that you should buy JWM, I heard it Right. "
"The investment in McWeather is no problem in itself, it was just an accident."
"An accident worth $ 10 billion?" Aubrey said, shaking his head.
Kelly also joined the discussion, and three of them grunted in English, Huang Xuan had given up to understand what they said, but leaned on the sofa. Asked Lorraine: "What are they talking about."
"It should be the founder of the long-term capital management company (McWeather). About four years ago, his company could make 25 profits a year. It was the most profitable of the entire Wall Street hedge fund. Among his team . There are former deputy chairmen of the Federal Reserve, and a group of economists including Nobel laureates, who raised $ 1.25 billion in funding. They tripled it in the next two years. "
"Later losses?" Huang Xuan guessed after listening to the discussion of the three people.
"Yes, there are many reasons, but the biggest reason is that due to high financial leverage, they most often controlled $ 100 billion in assets through various financial derivatives-all of which were borrowed from banks, and these contracts were on Wall Street. Almost every bank in the world has endlessly spreading endless contracts, and the amount involved has reached an astronomical figure, about 1 trillion US dollars. "
"All lost?" Huang Xuan was surprised. 1 trillion is almost the top 10 GDP in the world.
"Of course not all of them lost money, only 1 trillion was involved, and the final loss was about 10 billion US dollars, but he terrified Wall Street because the company involved the interests of almost everyone on Wall Street, worth 1 trillion. If It was n’t that the major banks at the time-which is rare on Wall Street-the biggest loss is likely to approach the number of 100 billion. "
Huang Xuan was still surprised, and Aubrey also began to explain to him.
In fact, this is just a very American story. Of course, it really happened, even more bizarre than the story.
John McWeather's hedge fund prospects are very good, and would have become part of the Wall Street legend. In the last period, people almost thought he was a legend. However, under the impact of the Russian debt crisis, the long-term capital fund lost money. At most one day, it lost 540 million US dollars, which shocked the entire Wall Street. In the last few days of the crisis, the long-term capital fund's net worth was only $ 1 billion, but it managed $ 100 billion of assets through financial leverage. As long as the loss was 1, the bank would force it to liquidate its position. , The crisis may sweep Wall Street. Eventually, major Wall Street banks, including the Fed, had to intervene in this company.
At the same time, when most Chinese people's eyes were still on Clinton's zipper, paying attention to Lewinsky's every words, a panic happened quietly and ended quietly.
Today, McWeather hopes to verify his theory again, or the other two partners, so he once again raises funds from major banks and other wealthy investors. When he found the UBS, Dutuy thought Huang Xuan is a person willing to take risks and pursue profits.
Regarding the dispute between the two sides, Huang Xuan refused, but asked Kelly: "Dr. Can you explain to me what a hedge fund is?"
"Oh, of course." Kelly still panicked, "You see, in fact, from the perspective of securities law, there is no form or institution of hedge funds. But from a practical perspective, hedge funds are actually Institutional investors formed in the form of limited partners are very risky. In law, there are no more than 99 fund investors. Each person ’s investment cannot be less than 1 million US dollars. If expanded, investors can increase To 500 people. But each person needs at least 5 million US dollars. "
"But what does it do? I mean, what is hedging?"
Kelly held up the spectacle frame. Settling, he said: "Here, the phrase hedge fund is derived from 'betting on the same person from both sides of winning and losing. This sentence is derived mainly from betting on opponents to risk speculation that may occur. Reduce to a minimum. Simply put, it means selling overvalued stocks or futures or anything, and then buying undervalued financial products at the same time. "
"So how do you make money?"
"For example, I sold 1 billion US dollars of light crude oil delivered in August. At the same time, I bought 1 billion US dollars of light crude oil delivered in December, then if the price of oil rises, as long as December rises more than August I will make money, or the decline in August is greater than in December, and I will make money. In our local words, I only care about the narrowing of the spread, not the actual rise and fall. Risk. At the same time, using financial leverage to operate at more than 10 times the capital, the return is also very high. "
Huang Xuan shrugged and asked casually: "Can I make money?"
"I can also lose money," Aubrey said. "Mr. Huang, if you are interested in investing in hedge funds, I can introduce you to many famous hedge fund managers, such as Mr. Soros, McWeather is not a good one. s Choice."
"Professor Merton and Professor Scholes' models are not wrong in themselves, and that failure was an accident." Kelly couldn't help but argue.
Huang Xuan asked: "Who are they?"
Kelly thought for a long time without knowing how to explain it, and Dutuy interjected: "It is the Nobel Prize winner, the Economic Award."
It sounds very powerful, but looking at the red ears in Aub, Huang Xuan smiled and said: "We will discuss this issue later. Looking for you today, I actually need your help."
"Of course." A large number of customers look for a bank, and help outside the business is one of the bank's services. Although this service is not written in its terms, it is clear that it can help customers get more money and know more Banks of business people are more popular. In other words, the more powerful the company, the more favored the rich are.
Huang Xuan smiled and said, "I want to invest in a medical research institution or a biotechnology company. Well, I hope they have the ability of more advanced biological agents. What can I introduce?"
"Do you want to buy shares or make medicine yourself?"
"I hope to be able to research and produce some medicines in small batches. Well, the quantity is very small, and the investment does not matter."
Aubrey shook his head apologetically and said, "You know, the US government does not support China's ... well, the high-tech industry." He obviously thought that Huang Xuan wanted to intervene in the medical industry, just like he was in What the power industry does.
Of course not. Huang Xuanwaner, but still understand the meaning, nothing more than bad things like embargo.
Dituva also shook his head and said: "Mr. Huang, it is a very sensitive matter to invest in a high-tech company ..."
He was thinking about wording, Huang Xuanlian waved his hands and said, "I have no intention to let this company have anything to do with China." He weighed the words and said: "I am not interested in joining a company, I just hope to pass some Invest and get some medical help. "
"Your grandfather?" Dutuy reacted quickly.
"Yes."
"Sorry about this. However, the government is always embarrassing."
Huang Xuan's mouth said it didn't matter, and then said: "I have no intention to challenge Washington, but, gentlemen, I just want to invest in a pharmaceutical company, and then get priority access to a small amount of pharmaceutical products, is there any problem?
Dituwa had to frown: "I'm sorry, but Mr. Huang, in fact, new drugs always invest in the market as quickly as possible. In this regard, contacting a company will not be of much help."
"I think you didn't understand what I mean ~ EbookFREE.me ~ Although Huang Xuan said this, he was busy turning around and lying:" I have some formulas, I hope I can use a better For laboratory production, it is best to obtain clinical trials. "
"In fact, we don't need to invest." Kelly said suddenly.
"Let's hear it." Huang Xuan was still in awe of the title of doctor. The dad worked hard for so long, but in the end it was always because he couldn't go abroad.
"In fact, simple sponsorship is easier to accept. If you only need one person's medicine, as long as there is enough sponsorship, I think there should be no problem."
Dutuwa clapped his hands and said, "It's a good idea. We were all a little dazed just now."
Would n’t it make you stunned like that? Huang Xuan said indifferently, "Which company?"
"Maybe we can help you ask a professional, how much do you plan to sponsor?"
"It's enough to make them dazed." Huang Xuan said as he stood up, both of them knew his habits, and today's conversation is over.