Chapter 797 (1/2)
After the Oscars, Simon did not immediately go to Australia as scheduled to follow up the shooting of ”Batman vs Superman: Dawn of justice”.
Cersei capital's Heiyan asset management company has been promoting the acquisition of State Street bank's asset management department since last year. After more than half a year's ups and downs, the project was finally finalized. The biggest obstacle to this was in Washington. After last year's mid-term elections, many problems are no longer problems.
After Simon quietly withdrew all his previous political positions in Florida, in return, some opposition voices from the Republican party finally died down.
As for the media and the public, at the present stage, there are few media in the United States that dare to directly confront the westero system. The delay of time is so long that it is not news for a long time. Therefore, the whole incident has caused little waves in the media. Such a highly professional financial M & A is too far away from the public's life, and lacks the support of the media, so fewer people pay attention to it.
Simon and his wife flew to Boston on March 29 to formally sign a merger and acquisition agreement with State Street bank.
With the development of more than half a year and this merger and acquisition, the total assets controlled by Heiyan asset management company has reached an unprecedented US $370 billion. At this stage, no fund enterprise can compete with Heiyan.
Generally speaking, because it is mainly engaged in the asset management business with low risk and stable income, the scale of Heiyan's controlled assets seems huge. After the merger of the asset management department of State Street bank, it is estimated that the annual revenue from management fees and consulting fees is only about $1.5 billion. Due to the nature of the enterprise, the net profit margin of Heiyan's shareholders is relatively high, reaching 30%, so the annual profit is about US $450 million.
Even cersei, a hedge fund manager, made less than a tenth of last year's earnings.
Relying on the crazy hedging with many technology stocks in the first half of last year and the harvest brought about by the Latin American financial turmoil caused by the Mexican Peso Crisis in the second half of last year, cersei fund management company finally reaped a huge profit of up to US $6.9 billion in 1994 after deducting all the handling charges.
However, compared with the total size of cersei fund management company of US $5 billion at the beginning of 1994, Simon has kept the fund at about US $3 billion through continuous settlement and return, and there is still a trend of further contraction in the future.
Because as more and more capital flows into the capital hedging industry, according to Soros' famous reflexivity theory of the interaction between market participants and the market itself, the uncertainty in this field will increase significantly.
Moreover, capital hedging is a zero sum game after all. Cersei fund management company made 6.9 billion US dollars last year, which means that many people have lost so much money, which may unknowingly create many enemies for the westero system. The assassination in the first half of last year and the subsequent Woodfield manor bombing, in the final analysis, was that some people lost their eyes in the capital hedging market and wanted to take the lead.
Simon doesn't want something to happen again.
Therefore, Simon even plans to let cersei capital completely withdraw from the hedging field in the near future, at least not personally participate in this part of the business, and then turn more resources to Apollo management company and black rock asset management company.
Compared with the shrinking hedging business, the scale of the other two subsidiaries is expanding, which is the ”main force” in the financial field.
During the initial accumulation period, because there were too few chips, it didn't matter to use ”surprise soldiers” several times, even if they lost all, they would not lose too much.
It is very irrational to continue to do so when the capital has developed to a certain extent.
Moreover, for black rock asset management company, although the return is far less than that of hedge funds, what Simon is interested in is not this point at all, but the financial giant's control over the capital of North America and even the whole world. For many years in the future, a large part of the world's power will be rooted in capital.
If you control capital, you have power. The more capital you control, the more power you have.
In the original time and space, Lawrence Fink, who controls BlackRock asset management company with an asset size of US $7 trillion, often ranks at the top of the global power list with many heads of state.
Now, the hidden power will belong to the Westeros.
After the acquisition, cersei capital, controlled by the Simons, reduced its stake in black rock asset management to 32%. However, out of trust in the Westeros family, State Street bank granted the Simons 22% of the voting rights of black rock asset management in the acquisition process for a period of five years.
A total of 54% of the voting rights, making the Westeros family black rock asset management company to achieve absolute control.
It is undeniable that Lawrence Fink is a very outstanding senior manager in the financial industry. However, whether it is the asset management department of State Street bank or the investors of its assets who are willing to transition to cersei capital, they still value the surname ”westero”.
At the beginning, the main reason for Janet to promote the merger was to find that Lawrence Fink was trying to erode cersei's control over BlackRock asset management company by continuously diluting its equity. With the completion of this transaction, Fink would not try to do so again as long as it was not stupid. Otherwise, Simon would not mind kicking the other party out.Many small funds with assets of hundreds of millions and billions of dollars often can not survive after losing their core figures. Now, Heiyan asset management company is a huge capital machine that can run smoothly without anyone.
Simon accompanied Janet in Boston for one day. After the signing of the merger and acquisition agreement, Janet stayed in Boston to deal with some follow-up matters. Simon rushed to New York the next day, where he accumulated a lot of work to deal with.
The couple's planned trip to Australia was postponed to April 3.
For two consecutive days on March 30 and March 31, Simon held professional and lengthy meetings with teams from Goldman Sachs, Morgan Stanley and First Boston to discuss the three issues of igrit IPO, Nokia's listing in North America and melisandro IPO.
Nokia's listing in North America will start as early as may.
Simon chose to let Nokia list in the U.S. stock market, mainly to pave the way for the development of this communication industry giant in North America. Only by linking Nokia's interests with North American investors, can it not encounter all kinds of disruptions in the future. Therefore, this time, it will probably increase its shares by about 10%.
As a support for Grace's husband Bill spatter, Nokia's listing and SEO will be mainly in the charge of First Boston.
Just in 1994, the global mobile phone shipment continued to explode, reaching 31 million units. Nokia, which has already achieved the goal of anti surpassing Motorola, occupied 41% of the market share, with the annual shipment of 12.7 million units. Including Nokia's base station equipment and other businesses, the company's annual revenue reached US $4.31 billion and net profit was US $460 million.
Affected by the rapid growth of Nokia's performance, coupled with the popularity of new technology concept and the company's own westero concept stock, Nokia's current market value, which was listed on the London stock market two years ago, has reached 21.7 billion pounds, equivalent to 32.6 billion US dollars.
Therefore, the additional issuance of 10% shares will raise more than US $3 billion.
It's completely in the hands of First Boston, and Simon spared no effort to support bill spotter.
The qualifications accumulated from this deal are enough for bill spatter to be the head of the First Boston securities and exchange department in the next few years, and it is not impossible for him to further control the investment banking subsidiary of UBS in the future. If you go up, Simon doesn't expect that as long as you don't go crazy, otherwise the Swiss will certainly not allow an American to gain access to the core power of UBS.
In addition to the IPO of igritte and melisandro, the main underwriter is still Goldman Sachs and Morgan, which have a strong relationship with westrow system.
After Nokia's IPO in May, igrit's IPO rhythm is basically the same as that of Denise entertainment last year. After completing the employee stock ownership plan, igrit will formally submit the prospectus to the SEC next month, and is expected to be officially listed in July. Finally, melisandro, the IPO plan has just begun, and the official listing will probably wait until early next year.
Three companies, Nokia and igritte, Simon will choose to be listed on the Nasdaq market, while melisandro will be listed on the New York Stock Exchange.
April 1st, April Fool's day.
It's Saturday.
Simon is still in New York. Janet went straight back to Los Angeles after she was busy in Boston yesterday, and she will take her and three kids to board the plane to Australia this morning.
The original plan was that only the couple would go to Australia.
It's time for two.
Janet called the old man and told him that she was very angry and said that if she didn't take her baby grandson with her, she would not go back. Janet is not afraid of anything but her father. She can only promise.
Because of the tacit understanding formed by the family, the two women rushed to the airport with their three children first, and they were still in the first class of the commercial flight.
Simon will leave next Monday as planned.
After two consecutive days of meetings, Simon came to the manor in the northern suburb of Greenwich last night and made an appointment with Celia Miller in the morning.