My Wealth is like a Deep Sea
Chapter 496
The trading department and venture capital department of Longhuang Fund Company is the self-operated department of Longhuang Fund, which uses its own funds.
The Asset Management Department of Longhuang Fund Company is specialized in managing assets for clients of Longhuang Fund and accepting client assets for investment.
The popular explanation is to help clients speculate in stocks, bonds and futures, and make various investments to make money.
Make money by earning management fees and commissions for making money for customers.
The Longhuang Fund Company is Yang Long's private fund company. For his two big money departments, Yang Long will naturally be very attentive.
As for the asset management department, it is used to train those inexperienced traders and traders.
However: In order not to let customers lose money, in order to maintain the company's good reputation in the hearts of customers, Yang Long will make some assessments and predictions in a targeted manner.
Just keep it at a loss, and let the customer make a profit. As for how much it can make a profit, it depends on the trader's own skills.
Of course, this kind of differential treatment is not the same as Yang Long.
Any financial institution in the world has a very clear distinction and treatment of its own assets and client assets, even the world's top fund companies such as Black Rock, Pilot and State Street.
People are selfish, and the best things are always for themselves.
$550 million, compared to $80 billion in assets, this profit is relatively impressive, but it is also a good result.
After all, some investments are made by customers with their own requirements, and some funds are managed not too long ago and have not achieved much profit.
Moreover, traders and traders are newcomers at the bottom of their company or people who are not too skilled in the business.
The final income is also attributed to the customers, who only charge a small amount of management fees and commissions.
Such a result, Yang Long thinks it is already pretty good.
However, seeing such a proud achievement, the senior management of the asset management department was very lost.
Because of such proud results, it has little to do with them.
Their asset management department manages 80 billion US dollars of assets, and the profit returned to the company is only 550 million US dollars, and even half of the profits of the other two departments can not be reached.
But they also know that the Asset Management Department itself is wild, and it is comparable to the other two departments of the pro-son.
If you want to get promoted and raise your salary, you have to work hard to grow, attract more customers to their company for asset management, and climb to the other two personnel departments.
After listening to Lin Qing’s report, Yang Long then listened to the reports of the chief financial officer, chief human resources officer and 11 other senior department heads.
After the meeting ended, Yang Long sat on the sofa of Lin Qing's office and continued to browse related written reports.
"You have worked hard."
After the company's development in the past six months has been brought into view
Yang Yang nodded with satisfaction, picked up the coffee on the coffee table, and took a sip easily.
"I'm used to listening to your remote control command, my CEO."
Lin Qing, who was sitting beside Yang Long, looked at Wen Ruyu's man, took a sip of coffee, and shook his head with a smile.
This coffee is not bitter.
Lin Qing put down his coffee cup and said, "By the way, I have one more thing to tell you."
"I told you before, how did you think about the company's relocation?"
"The size of our company now exceeds 2,000 people.
"According to your ideas. The future scale of our company must be aligned with Goldman Sachs and Morgan Stanley, even Black Rock, Pilot, those world-leading fund companies."
"Before you also saw that so many people in our company are living on the floor of the Goldman Sachs building, it is really a little narrow and narrow."
"I think it's time we moved out of the Goldman Sachs building and operated independently."
"Yeah, we should move out and operate independently. Do you have any good office buildings?"
Yang Long nodded thoughtfully and asked.
Lin Qing asked: "What do you think of the unreliable building?"
"Not reliable building?!"
Yang Long stunned, and the coffee that had just arrived almost spouted without holding back.
As Lin Qing said of this place, the messy-haired Mi Guochuan Jianguo/Guo/was unreliable.
The Unreliable Building is a skyscraper located in New York, MI. It is located at 40 Wall Street between Nasu Street and William Street in Manhattan.
This skyscraper was originally called the Manhattan Bank Building and is one of New York's landmarks.
However, due to the merger of Manhattan Bank and Chase Guomin Bank to become Chase Manhattan Bank, which is now the Chase Bank of the United States, the headquarters address was changed to the Chase Bank headquarters.
So it is no longer called the Manhattan Bank Building, but changed to 40 Wall Street Building.
Chuan Jianguo bought the building unreasonably in 1995 and changed his current name to the present.
The building was completed in 1930. The construction period was only 11 months. It had a total of 70 floors and a height of 282.5 meters. It was the tallest building in the world at that time.
It was later surpassed by the Chrysler Building and is currently the 20th tallest building in the country.
"The unreliable building is as high as 70 floors, which is completely enough for us to carry out the internal structure. It is not far from 40 Wall Street, which is still located in the Wall Street Financial District."
Lin Hong said: "And it was not reliable. After buying the building in 1995, it was also renovated. Of course, we can also renovate it after buying it."
"I have taken the time to investigate before, and the decoration style inside is completely modern. Except for some areas that are zoned as commercial areas that need to be renovated, other places do not need to be changed very much.
"The price given by the other party is 600 million US dollars, but the unreliable person has not sold it before."
"The actual valuation of this building should be around US$400 million. Even if housing prices in New York have picked up in recent years, I think the US$400 million should be able to be photographed.
"It's a good place to go, you can move in, then do as you want."
Yang Long nodded. "After talking about the decoration, you can directly contact our Guojia Infrastructure 1 Bureau. They are experts in this area."
It is true that the building is a good choice in terms of geographical advantages, construction area and cost performance.
Those ten-story office buildings near the Goldman Sachs building have a rent of 20-30 million US dollars a year, and the quoted price is about 780 million US dollars.
This kind of quotation is already a relatively conscience price in New York.
Lin Hong also nodded, and she was also clear about the name of the 1st infrastructure project in Guoguo.
The name of transforming a railway station in one night is not blown out, but the fact that it is iron clash, this is the real speed of Huaxia!
Yang Long continued: "In addition, we also need to own a bank of our own.
"bank?"
"Yes, bank!"
Yang Long replied affirmatively: "Did you find that the top fund companies in the world and the top family consortia basically have their own banks?"
The bank is an indispensable core link for his future establishment of a financial empire.