Chapter 735 [Now the other party is begging you to manage the money]
"How many organizations have contacted us?" Lu Ming put away his thoughts and looked at Han Qiulin.
"As of now, there are 173 institutions, 67 of which are from the world's 100 largest sovereign wealth funds." Han Qiulin looked through the materials she brought and added: "With all 173 institutions added up, the asset management scale can reach
$862 billion.”
Even though she was used to big scenes, Han Qiulin's eyes still filled with wonder when she read out this number.
This means that on average, each institution entrusts Tiansheng Capital Management with nearly US$5 billion in funds.
Obviously, global capital has recognized the capabilities of Tiansheng Capital. In the face of such an unprecedented and dazzling performance, even if you don’t accept it, you have to accept it.
"More than 860 billion? US dollars? That's about 6 trillion yuan. Let me take a look at the materials."
Lu Ming also expressed surprise at this number, and immediately took the materials from Han Qiulin and browsed them, focusing on the 67 sovereign wealth funds. The fund management requests of these 67 institutions were, to a certain extent, owned by the country where the institution was located.
National behavior is of great significance.
"Do we really want to take over these overseas funds? There are at least 200 billion US dollars in scale or there is a Wall Street background directly or indirectly." Han Qiulin couldn't help but ask.
"The more the merrier, we will accept as much as they dare to give, regardless of the background source of the funds." Lu Ming browsed the information on the materials and replied without thinking: "The larger the scale, the greater the impact, and the larger the impact.
It cannot fail, and the more it cannot fail, the safer it is. Whether it is Wall Street capital, European capital, or other funds with clear or unknown sources, as long as they can send the money to us, we will accept it.
…”
After this disastrous defeat, a group of people on Wall Street chose to sit back and no longer think about going against Tiansheng Capital. After several years of consecutive disastrous defeats, they finally learned from the pain and began to reflect.
Technology has national boundaries, education has national boundaries, and even art has national boundaries, but capital has no national boundaries. Capital flows globally and flows wherever there is profit.
If you can't beat it, why not join?
No, there are a group of people on Wall Street who have changed their minds.
As for the previous grudges, capital is driven by interests and can laugh away any grudge no matter how big it is. In a sense, capital is the least vindictive.
"Oh, you are indeed a big investor. One family only accounts for about 20%. Normally, if you don't make a move, it is unusual to make a move." Lu Ming couldn't help but be surprised when he looked at the materials. The scale of funds that Sate wanted to entrust was the amount among 173 institutions.
The biggest.
Lu Ming didn't dare to vouch for other agencies, but he believed that the big dog owner would definitely be truthful this time. The crown prince had already flown over, so he couldn't express his sincerity.
Han Qiulin further said: "Strictly speaking, the US$172.5 billion Sat wants to entrust must be calculated separately, of which US$100 billion comes from the funds under the name of the Sat royal family, and the other 72.5 billion US dollars comes from the Sat Public Investment Fund."
Lu Ming couldn't help but look at the four major sovereign wealth funds in the Middle East. These four major institutions are also among the top ten wealth sovereign funds in the world, with a total asset size of more than 2 trillion US dollars.
KIA ranks third in the world with assets of US$692.9 billion and first in the Middle East. This time it contacted Tiansheng Capital and proposed to entrust management with US$50 billion;
The Abu Dhabi Investment Authority (ADIA) ranks fourth in the world, with total assets of US$649.1 billion. This time it proposed to entrust Tiansheng Capital Management with US$60 billion;
Sat Public Investment Fund (PIF) ranks eighth in the world, with total assets of US$430 billion. This time it plans to use US$72.5 billion for entrustment management;
Dubai Investment Company ranks tenth in the world, with total assets of US$302.3 billion. This time it plans to spend US$40 billion to entrust Tiansheng Capital Management.
Lu Ming couldn't help but sigh while browsing the materials.
The four tycoons in the Middle East are really richer than the last. These four tycoons alone account for 322.5 billion U.S. dollars, accounting for more than 37%. They are really not ordinary tycoons, especially Sate, who is simply the tycoon among the tycoons. .
At the end, Lu Ming looked at Han Qiulin and said: "I will call these 173 institutions to reply tomorrow working day. Tiansheng Capital is very much looking forward to cooperating with them."
Gu Zhen
Han Qiulin nodded, and Lu Ming added: "However, Tiansheng Capital is not BlackRock. The annual management fee of 2.5 percentage points cannot be less. The lock-in period is fifteen years. In short, the contract is the same as the current LPs of Tiansheng Capital. , forget it if you don’t accept it.”
Those who have strength and strong records show that they have this confidence.
Now the other party is begging you to take care of the money.
Lu Ming believes that the news of this 3.12 trillion cake division cannot be concealed and he has no intention of concealing it. Most of the well-informed international capital institutions have also heard about it.
Happiness comes from comparison, and so does envy.
Among the world's top asset management giants, Tiansheng Capital can be said to be one of the institutions that currently charges the most management fees. For asset management giants like BlackRock, the larger the client's entrusted funds, the lower the management fees. , some even do not require management fees.
However, no matter how big the client funds are, Tiansheng Capital only pays 2.5% per year. Currently, all its LPs do not feel that the cost of fund management is high, because the growth rate of asset prices far exceeds the annual management cost, so naturally no one cares.
If these 173 foreign capital institutions can really hand over US$862 billion to Tiansheng Capital Management this time, it means that the company can collect US$21.55 billion in annual management fees, which is approximately 149.3 billion yuan. This is a guaranteed income despite droughts and floods every year. of.
The lock-up period for this US$862 billion is 15 years, which means that the total management cost of funds after 15 years is US$323.25 billion, which means that the asset price growth of US$862 billion in the next 15 years must be above US$323.25 billion to avoid losing money. , this is based on the premise that the currency depreciation over the past 15 years is not taken into account.
However, if these institutions really hand over money to Tiansheng Capital Management, Lu Ming is almost 100% sure that within the next year, he will not only help them earn the management costs for the next 15 years in advance, but also achieve asset prices. Double.
Because in less than a year, the new G is coming. This unprecedented global public health crisis will cause global capital markets to fluctuate violently in the short term, and U.S. stocks will continue to experience major meltdowns.
The Federal Reserve started unlimited quantitative easing, and its crazy money printing pushed up asset price bubbles. At this time, the money earned by the Federal Reserve is the money printed.
By planning before the crisis breaks out, you can easily earn incredible profits.
The Nasdaq can double within one year after the circuit breaker. Next year, the value-added of Tiansheng Capital's total assets should outperform the Nasdaq. It is abnormal if it does not.
…
Time came to June 3, and the U.S. stock market opened sharply again tonight, with all three major indexes falling by more than 2 percentage points.
The "money shortage" in the market has become increasingly obvious. Judging from past experience, the end of the quarter and the end of the year are the peak periods of "money shortage" in North America.
During this period, the concentrated pressure to pay taxes, pay for the purchase of government bonds, and North American banks' relatively weak willingness to lend at the end of the year may lead to a shortage of funds in the market.
But the depth of the "money shortage" this time has shocked many people in the industry.
Tiansheng Capital’s harvest has definitely further aggravated the deterioration of the market to a great extent, but it has only accelerated it. The root cause of the “money shortage” is that the large banks in North America are using more funds to purchase magnesium treasury bonds.
The demand for funds continues to increase, and there are still a large number of hedge funds that engage in basis arbitrage with dozens of times leverage. After all, whoever does not do risk-free arbitrage is a fool.
However, during this period of time, the international capital's hunt for Tiansheng QDIE failed miserably. A large number of hedge funds faced a wave of bankruptcy, which was likely to spread. A considerable part of the international capital is still tightening their pockets to raise money and prepare to hand it over to Tiansheng Capital Management.
The beautiful country tried to use the political level to demand the return of the profits harvested by Tiansheng Capital, but to no avail, but it did not dare to actually take action on the foreign exchange reserves of the Greater China Bank, and the current market confidence is gradually collapsing.
