Chapter 491 Agency Fund Asset Management Business!
"Really?" Su Yu stared at Blanche Laurent with sharp eyes.
Blanche Laurent was slightly embarrassed by Su Yu's stare. She coughed slightly and finally had to say: "The most important aspect of looking for cooperation with Mr. Su and your 'Yuhang Investment' is that we really value your market." With your investment research and investment capabilities, I would like to use your capabilities to quickly generate a certain amount of profit for the funds of our STG institution staying in China and achieve excess performance. "
"Other aspects..."
Blanche Laurent paused for a moment, then continued: "There are also some reasons for this."
"What's the last resort?" Su Yu asked, "I'm sorry, Mr. Laurent, this is not something I'm trying to do. I want to pry into the secrets of you or your STG investment organization. It's really... we at 'Yuhang Investment' are accepting When entrusting investment funds, there are strict rules. You cannot accept entrusted investment funds with unknown sources or unclear motives. Mr. Qian should also know this. "
"Yeah!" Mr. Qian quickly responded at this time, "Mr. Su's 'Yuhang Investment' does have this rule. According to Mr. Su, it is to prevent dirty funds from flowing into the investment fund pool, thereby providing greater support for collective investment." "
Blanche Laurent nodded slightly, but was not angry because of it. Instead, she looked at Su Yu and asked, "How much does Mr. Su know about our STG organization?"
Su Yu thought for a while and said: "To be honest, I only know that you are an international investment institution, and your business scope involves the primary market, secondary market, and derivative financial trading market. As for the specific business plan, internal equity structure, holding , shareholding in related companies, or strategic development plans and the like... I don’t understand it at all.”
There are so many investment institutions around the world.
Before, he had no contact with the STG organization where Blanche Laurent worked. Naturally, he had not investigated it carefully. His understanding of it could only be judged based on a rough impression, so he knew very little.
"Our STG institution is affiliated to the 'Aberdeen Global Asset Management Group'." Blanche Laurent said with a smile, "The main business is investment in Asia. As for me, I am mainly responsible for China. Domestic and port city investment business.”
"Actually, what Mr. Qian said before indicated that our STG institution is very optimistic about China's domestic investment and plans to increase the proportion of China's investment in the entire Asian investment field. This is correct, but it is not entirely correct."
"To be precise, I am indeed optimistic about the future development in China."
"We also believe that in the future, there will be many investment opportunities in China's financial transaction market and the primary equity investment market, with the possibility of reaping huge profits."
“But within the organization, and even within the group company, they don’t think so.”
"At the same time, due to the bleak financial trading market in China and the downturn in the primary equity investment market in recent years, there are no outstanding performance results in the business direction I am responsible for, so as to be able to compete with the group's internal High-level negotiations led to the group's global investment strategy to gradually reduce the intensity and scale of investment in China. Instead of increasing the amount of investment in China, it instead diverted investment in China. We have increased our investment in Southeast Asia and Singapore.”
"Forced by the adjustment of the group's global investment strategic direction..."
"I also had to shrink my investment projects in China and at the same time withdraw the asset management business established in China as required."
"But I think the group is quite wrong in doing this, so I will argue with the group to at least retain the current scale of investment in China."
"After several consultations, the leader was finally willing to give me time."
“But I know that my understanding of China’s financial trading market is still too shallow. At the same time, the asset management business department of my institution has been forced to streamline many people due to the group’s strategic decision to reduce the scale of investment in China. Both investment research and investment capabilities have declined, and it will take a long time to re-train these investment research teams and trading teams. And now I urgently need performance as a bargaining chip to work with the group in the next assessment cycle. Lead the negotiations to retain STG’s Hong Kong and Shanghai investment branches, and try to promote the group’s continued investment strategy in China.”
"So, these 5 billion funds should be the entire existing asset management scale of your STG institution in mainland China?" After listening to Blanche Laurent's story, Su Yu finally dissipated most of the doubts in his eyes. , smiled and said, "And... leaving this part of the asset management funds to our 'Yuhang Investment' for management on our behalf is essentially just your personal idea, Mr. Laurent?"
"As long as the STG Harbor City Branch and the Magic City Branch are still there, the formulation of investment strategies for asset management funds will be within my responsibilities." Blanche Laurent said, "These concerns are still expected to Don’t worry, Mr. Su.”
"To be honest, Mr. Laurent, you are taking a big gamble." Su Yu paused for a while and said.
Blanche Laurent smiled and said: "I only do what I think is right. I think the financial trading market in mainland China will be the easiest financial trading market to make profits in the next few years, so I will If I do this, and if it can be regarded as a big gamble, then Mr. Su, and Mr. Qian sitting here, your core assets are all in the financial trading market in mainland China, so it should also be regarded as a big gamble. Already?"
"What I mean is...Mr. Laurent, you are actually betting on your future." Su Yu emphasized, "Once the performance results are not as good as expected within a limited time, you should start from STG, oh , No...resigned from Aberdeen Global Asset Management Group?"
To be honest, he didn't expect STG, a rather mysterious investment institution.
It turns out to be a subsidiary of the famous ‘Aberdeen Global Asset Management Group’ in the global asset management industry.
Of course, I never expected that Blanche Laurent would have such courage. Even though Aberdeen Global Asset Management Group had already planned to reduce its investment plans in China, she would continue to do so despite the macro strategy that was opposite to the group's. .
However, when I think about it, all of this... doesn't seem to have much to do with him.
Regardless of the internal disputes at Aberdeen Global Asset Management Group, according to Blanche Laurent, he only needs to accept the corresponding conditions, manage the fund products requested by the other party on his behalf, and receive corresponding remuneration and excess profits. , and this is his only interest relationship with the other party after agreeing to undertake this escrow fund project.
"This is my own business." Blanche Laurent laughed and said, "No matter whether I go or stay, I should not harm the interests of Mr. Su and your 'Yuhang Investment'. "
"That's true!" Su Yu nodded slightly, "Even if there is any dispute, a global financial group as big as yours, 'Aberdeen Global Asset Management Group', should not rely on us."
"Haha..." Blanche Laurent continued to laugh and asked, "So... Su always agreed to my previous request? Are you willing to cooperate with us?"
Su Yu responded with a smile: "We at 'Yuhang Investment' are also open for business. Since it is indeed profitable according to what Mr. Laurent said, then I really have no reason to turn away the business that comes to me." Outside, right? It’s just that... our institution’s trading team currently has a limited amount of funds, and I’m afraid it will take some time until the time is more mature for the specific fund agency agreement to be signed.”
"There is no problem." Blanche Laurent said, "I asked the group for one year. As long as Mr. Su is willing to take over, I will not rush for a month or two."
"Oh, there is one more question..." Su Yu thought for a moment and said, "As for agency fund management fees and excess income profit distribution, Mr. Laurent said before that relative profits can be made. What is the profit sharing method?"
Now, I have made up my mind to take on the agency fund project mentioned by the other party.
So, in the final negotiation of interests, Su Yu naturally wanted to get the maximum benefit from the other party.
Blanche Laurent said with a smile: "Mr. Su's first appeal is the company's interests, the ultimate profit that this agency fund management project can bring to the company, and my first appeal is the asset management products. Performance, the higher the performance, the more negotiating power I have in the group, so...as long as Mr. Su can achieve excess performance, our STG organization can indeed make a substantial profit in the final profit distribution. "
"In the specific operation stage of the fund, how about following the management fee standards and profit distribution standards of your company's other self-operated main fund products?"
"In addition, if the fund is in your agency operation stage, the annual net value standard exceeds 200%."
"Then, you, 'Yuhang Investment', can take 60% of the excess profits that exceed the 200% performance standard. How about this distribution?"
"Okay!" Su Yu saw that Blanche Laurent had indeed given enough profit to the agency fund project, so he stopped bargaining. He responded quickly with a smile, then stood up and asked Blanche Laurent stretched out his hand and said, "Then I wish you all a happy cooperation in the future."
Blanche Laurent looked slightly stunned when she saw that Su Yu was so cheerful, completely different from the previous prevarication and pushback. Then she quickly stretched out her hand and said with a smile: "I sincerely look forward to cooperating with Mr. Su. I still think that Mr. Su is currently the most outstanding operator and trader in China’s domestic financial trading market. I also believe that Mr. Su can create more and greater performance miracles in future market transactions.”
"Okay, okay, okay..." Seeing the two of them shaking hands sincerely, Mr. Qian also looked happy. As he clapped his hands, he called out the word "ok" several times. Then he picked up the wine glass and continued, "From now on, we are all on the same boat. "
"Old Qian, you are so happy today!" When the three of them were all happy, another middle-aged man suddenly pushed the door in and walked in. He first said hello to Mr. Qian, and then spoke a little. He looked at Su Yu and Blanche Laurent apologetically and said, "I'm sorry, two friends, you came to my territory. I was supposed to be the landlord today, but I didn't expect that I was delayed by something and I came late. Some..."
"Mr. Su, Mr. Laurent, this is Mr. Chen, Old Chen, the owner of this Shanshui Manor." Mr. Qian saw his old friend coming and hurriedly introduced him to Su Yu and Blanche Laurent with a smile, "In our Zhejiang Province, Mr. Chen's social skills, connections, and business are better than mine. I... have been hanging out with Mr. Chen since I was a child."
Hearing Mr. Qian's teasing, Mr. Chen hurriedly coughed and said, "No, no... I'm just a small boss, I can't compare to Mr. Qian's wealth."
As he said that, he asked everyone to sit down again, and immediately told the waiter to add a lot of precious dishes.
"Old Chen, this is our Yuhang's famous legend in the financial world, Mr. Su from Yuhang Investment." When Mr. Qian greeted the two, he continued to introduce, "This is Mr. Blanche Laurent, the president of Gangcheng STG Investment Institution. I'm not bragging to you, both of you are veritable gods of wealth. For your tourism development business and other financing needs, it's always right to find them."
"So you are Mr. Su!" Mr. Chen looked at Su Yu carefully, and there was obviously some surprise in his eyes.
He is also an old man in the business community of Zhejiang Province. Although he doesn't know much about the financial circle, he has heard a lot about the name of the God of Wealth, 'Su Yu'.
"Mr. Chen, this place is really good!" Su Yu also smiled and praised while the other party greeted him.
"Then Mr. Su, come often in the future, definitely come often." Mr. Chen laughed, then reached out to the assistant who was waiting in the private room at any time, and asked for an internal membership card, and forcefully stuffed it into Su Yu's hand, "Old Qian's friends are my friends, Mr. Su, don't be so polite, we are all... in fact, we are all family."
After Mr. Chen arrived, the atmosphere in the private room began to become more noisy and relaxed.
Afterwards, everyone drank a lot of wine, until around 2:30 in the afternoon, Su Yu thought of another party in the evening, so he declined everyone's continuous toasts, suggested to meet again next time, and then walked out of the private room and dispersed.
Leaving Shanshui Manor and returning to the residence.
Su Yu rested for a while, and at around 5 o'clock in the afternoon, he came to Yuhang Hotel and met with several leaders in charge of the provincial branch and branch of Huashang Bank again.
During the meal, Su Yu tentatively asked about the approval of the 1 billion loan.
As a result, just as Li Meng had worried before, the approval authority for this loan was stuck in a certain link of the head office's review and examination when the provincial branch issued an opinion and submitted it to the Yanjing head office for approval. According to the opinions of several leaders in charge of the provincial branch and branches of Huashang Bank, this loan will definitely be approved in the end, but the time for decentralization may be longer than before.