Chapter 882: Savim Doesn't Want to Retire (Two in One)

"Chairman, please rest assured that I will be cautious about fund investment."

Vivien Kelly promised that of course she hopes that the rate of return this year will be as high as possible, so that her reputation will grow bigger and bigger, but the fund's income in the first half of the year is not good, at least it did not reach the target, but even so, She doesn't mess around either.

Vivien Kelly knows very well that even if the fund's investment does not make much progress in the second half of the year, if it is more stable, a 10% return this year will still be no problem.

But if she takes risks, it's hard to say what the fund's rate of return will be. Maybe she succeeds in taking the risk, and the fund's return rate increases significantly, and she can maintain a return rate of no less than 20%; but it is also possible that her risk-taking leads to investment failure, loss of income in the first half of the year, or even a loss this year.

And if something bad happens, the impact on Vivien Kelly will be too bad.

The first is reputation. She gradually gained some reputation on Wall Street because of the high return rate of her fund last year. If this happened the next year, everyone would definitely think that she was lucky to have a high return rate last year. , does not think she has the ability, which will definitely be detrimental to her personal development in the future.

Then there is the company. If the fund is not making money or losing money, several other managers will definitely want to take over the management of the fund from her, and her operations will become their excuse. Also, the big boss Lin Baicheng might question her ability, which would be detrimental to her future promotion.

The risk is so high that for Vivien Kelly, who is now in a high position, there is no need to take the risk.

The main thing is that although the fund's income of about 10% is not high, it is not low. At least it will not become an excuse for others to attack her lack of ability. As long as she can perform better next year.

"I feel relieved to hear you say that."

Lin Baicheng nodded: "The company currently only has the fund you manage. To a certain extent, the fund you manage represents the company's reputation. Once there is negative news about the fund you manage, it will definitely affect the company's reputation on Wall Street and investors. reputation, it will not be so easy for the company to recruit talents and absorb funds in the future.”

If the companies under the name of Lin Baicheng of Golden Fleece Company can make money for investors, then to a certain extent, these investors will become his company's and his own connections.

Therefore, the best funds under the company's name can make money, and make a lot of money.

If it weren't for Lin Baicheng not having very good opportunities now, and his main focus now being on the Changsheng Medical and Biological Company, he would have wanted to set up a fund led by himself, and then raise funds from some people worthy of his win. , make money for them, and then let these people become his connections, maybe he can use them one day.

"Don't worry, Chairman, I won't let this happen."

Vivien Kelly said immediately, she knew that if this happened, she would definitely not get any good results, and being reprimanded would be considered a light thing.

Looking at Vivien Kelly, Lin Baicheng said: "Don't put too much pressure on you now. It is normal to perform occasionally for one or two years. As long as you look at it over a long period of time, it will be considered great if you can guarantee a certain amount of income every year." ”

There are positive returns every year. If you extend the time, it is indeed a very powerful thing. Such fund managers are definitely senior talents.

After all, not everyone is Buffett. There is only one stock god. It is normal for the average annual return to be slightly lower than that of the stock god. Anyone who can compare with the stock god will be no worse.

Lin Baicheng did not help operate the fund managed by Vivien Kelly and did not give any guidance. Vivien Kelly made her own judgment on how to operate it.

The reason for this is because Lin Baicheng wants to train Vivien Kelly. He wants to know what achievements Vivien Kelly can achieve without his intervention. Only in this way can he see Vivien Kelly's performance. Real ability. If he interferes, the fund will make a lot of money. Is the performance attributed to him or to Vivien Kelly?

Only after determining Vivien Kelly's true level can Lin Baicheng make arrangements for Vivien Kelly.

Not only Vivien Kelly, but also several other professional managers, they decide how to invest part of the funds they manage, so that their true level can be seen.

If they all buy stocks of Coca-Cola, Wal-Mart, Boeing and other companies as Lin Baicheng said, then they will not be much different from traders. At most, they can see a little bit of their level when making short-term trades, but it is impossible to judge the overall situation.

Only they can decide the direction of their investment. Whether they are buying a company's stock or shorting a company's stock, whether they are making a profit or losing money, their true ability can be seen.

Only in this way can Lin Baicheng judge the abilities of each of them. After the current president of Golden Fleece Company steps down, he can decide who will take over as president of the company.

Of course, as a reborn person, Lin Baicheng certainly knows that buying stocks of companies such as Coca-Cola will definitely make money in the long run, and the profit will not be small. Therefore, it is impossible for him to spend too much money on a few managers to squander it. Without their ability to make money, his losses would be too great.

Therefore, Lin Baicheng gave each person a small amount of funds to operate on their own, totaling only $150 million in principal, which accounted for a small part of the Golden Fleece Company's operational funds. In this way, even if the $150 million funds did not make much money, or suffered a small loss, Lin Baicheng could accept it, and it would not affect his continued earning of big money.

After chatting with Vivien Kelly for a while, Lin Baicheng ended his communication with her and asked his secretary to call Hank Savim over.

"Savim, I read the document you sent last month. Tell me, why do you suddenly want to set up a fund?"

Just last month, Hank Savim faxed a document to Lin Baicheng through the secretariat. The content of the document was that Hank Savim wanted to set up a fund, and there were detailed descriptions of the fund's scale and investment direction, etc.

"Chairman, as you know, I was facing retirement before I came to work at the Golden Fleece Company."

Hank Savim replied, "But I don't think I'm old enough to continue working. What's more, I'm not doing physical work, but using my brain. I think with my experience and ability, I can still work hard for a few more years."

Hank Savim wanted to retire before because his company didn't give him a chance. Now that he is the president of the Golden Fleece Company, he certainly doesn't want to retire easily. If possible, he wants to work for a few more years.

Of course, Hank Savim also knows that he is a temporary transition person. If he wants to continue to sit in this position, he must show his ability, so he thought of setting up a fund. If the fund can achieve results, then he will have the hope of continuing to serve as the president of the company.

"To be honest, you surprised me. I thought you were ready to really step down."

Lin Baicheng was really surprised. When he invited Hank Savim to come to work, the scale of Golden Fleece Company was not large. He relied on high salary to dig Hank Savim here. Hank Savim did not say that he would work for a few more years. Now I don't know if he saw the development prospects of the company, so he wanted to continue to play his remaining heat in the position of president.

"Chairman, please give me a chance."

Hank Savim knew that whether he could set up a fund to show his ability depended on whether the boss Lin Baicheng would give him this opportunity. If he was given a chance, he would have hope. The better his achievements, the greater his hope would be. If he was not given a chance, he would have no hope at all. He could only muddle through and hope for no mistakes.

"Give you a chance?"

Looking at Hank Savim, Lin Baicheng couldn't help but ponder, thinking seriously about whether to give Hank Savim a chance.

After a moment, Lin Baicheng said: "Savim, I can give you a chance, but if you want to continue to serve as the president of Golden Fleece Company after the contract expires, then you must make better achievements. Ordinary achievements cannot satisfy me, so I will make an exception for you."

If Hank Savim can really make brilliant achievements, then letting Hank Savim continue to serve as the president of Golden Fleece Company will not be any disadvantage to Lin Baicheng. On the contrary, it is a good thing for the company to have such an elite talent.

On the contrary, if Hank Savim's achievements cannot satisfy Lin Baicheng, then Lin Baicheng will not lose anything, and he will let Hank Savim leave normally.

"Thank you, Chairman, for giving me a chance."

Hank Savim was delighted when he heard this. In any case, having an opportunity is a good start.

"I've given you the opportunity, but whether you can grasp it depends on you."

After reminding Hank Savim, Lin Baicheng said, "Your document says that the establishment of a fund requires support from the company. What kind of support do you want me to give you?"

Hank Savim replied, "Chairman, the consumer stock fund I established is preparing to raise $50 million. I also have some connections on Wall Street, but I still hope that the company can give me some support and subscribe to part of the funds, so that I can better raise funds from other investors."

"Is that so? How much money do you need the company to subscribe?"

Lin Baicheng nodded and did not refuse. It was not difficult for him to subscribe to part of the funds. It was a little support for Hank Savim.

"I hope to have $15 million. If that doesn't work, $10 million is also fine."

Hank Savim certainly hopes that the more funds he subscribes, the less funds he needs to raise, which can relieve a lot of his pressure.

"Then let's go for $10 million, and you can raise the rest of the funds yourself."

Lin Baicheng didn't need the $5 million, but he needed to put some pressure on Hank Savim. If he couldn't even raise $40 million, it would be Hank Savim's own ability that was problematic.

After all, Hank Savim would raise funds in the name of the Golden Fleece Company, and the Golden Fleece Company was also a medium-sized company on Wall Street, with a certain reputation. Hank Savim could use the company's reputation to raise funds, which was a disguised support.

"Thank you for the support, Chairman. I will build the fund team as soon as possible, and then raise funds."

Although Hank Savim was a little disappointed, the good thing was that at least $10 million of funds was solved, and it was not without gain.

Lin Baicheng looked at him and said, "Savim, I have something to remind you here."

"Chairman, you say."

Hank Savim pretended to listen.

Lin Baicheng said: "You are now the president of the Golden Fleece Company. I hope that after your fund is established, you will not focus all your attention on the fund. You should also handle other matters of the company and don't forget your duties."

If Hank Savim forgets his duties as the president because of the fund, then even if Hank Savim's fund has achieved very good results, Lin Baicheng will not let Hank Savim continue to serve as the president of the company. At most, he will let Hank Savim become a fund manager.

"Chairman, don't worry, I won't forget my job!"

Hank Savim immediately made a promise. He is not stupid and of course knows that he cannot slack off in his job.

Hank Savim knows very well that when the news of his establishment of a fund spreads, the other managers of the company will definitely guess that he does not want to resign and retire. In this way, he will definitely become a thorn in the eyes of other managers. After all, if he retires, his position will be taken by one of the managers, and if he does not retire, others will have no chance.

Therefore, after this, the managers below will definitely keep a close eye on him. Once he makes a mistake, he will definitely be reported to the chairman, Lin Baicheng.

Therefore, even if Lin Baicheng does not remind him, Hank Savim will not dare to neglect it. He will definitely handle his job well.

"It's good that you know."

Nodding, Lin Baicheng said no more. This kind of reminder is enough.

After that, no longer talking about the fund, Lin Baicheng asked Hank Savim about the daily performance of managers such as Vivien Kelly and Hank Savim's evaluation of them.

It is hard to say whether Hank Savim will retire in the future. Lin Baicheng will continue to test the ability of Vivien Kelly and others. Whether Hank Savim retires or not, this matter must be done.

Otherwise, if Hank Savim still retires in the future, Lin Baicheng does not test the ability of Vivien Kelly and others, and decides who will be the president of the company temporarily, it would be too late.

Furthermore, even if Hank Savim did not retire later, Lin Baicheng still had to examine the abilities of Vivien Kelly and others. Knowing the abilities of Vivien Kelly and others would help promote them according to their abilities when needed.

If there were unqualified managers, they would be fired directly and someone else would be hired to manage the company's funds.

Facing Lin Baicheng's inquiry, Hank Savim answered truthfully. He did not belittle others because he did not want to retire, because he knew that the secretariat was also familiar with the abilities of each manager, and he could not deceive Lin Baicheng, the big boss.