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Chapter 463 [Family Fund]

Wu Guangyao spent the whole month of June in New York;

After a month of investigation, Wu Guangyao finally confirmed one thing: that is, after a year of plunge in the US stock market, he can enter the market!

At this time, basically every US stock price fell 50% compared with the stock price last year (1969);

It can be said that there are already many cheap stocks!

Of course, it doesn’t mean that once Wu Guangyao buys, U.S. stocks will rise;

As far as Wu Guangyao knows, it will take three or four years of "stagflation" period for US stocks to start a 23-year bull market!

Although there has been "stagflation" for three to four years, Wu Guangyao himself pursues a long-term investment and does not care about how many years the stock market has been trading sideways.

New York, Ritz-Carlton Hotel, Presidential Suite.

Wu Guangyao's women, consultants, staff, and confidants gathered in it. Everyone gathered together at the summons of Wu Guangyao.

Wu Guangyao invests in US stocks through a hidden investment method registered in Hong Kong Island’s family office (family fund), offshore financial company Tiger Fund, and Tiger Fund registered on Wall Street.

The legal person of the offshore financial company Tiger Fund is American Robertson. Wu Guangyao then ensures his funds' safety through lawyers, accounting and audits;

As for the Tiger Fund registered in the United States, it is just a fund belonging to an offshore financial company, a fund dedicated to investing in US stocks.

Wu Guangyao said: "During this period, I have carefully studied the US economy and stocks, so I decided to carry out a long-term investment plan, the cost of this plan is the '1 billion US dollar plan'. I hope everyone will work together to ensure that the funds will be successfully bought into the US stock market!"

Of course, everyone was not talking about it because Wu Guangyao urgently needed funds to invest in projects.

Robertson said: "How long does the so-called long-term plan for boss? I don't expect the US stock market to get out of the quagmire too quickly. After all, every stock market crash will take several years to recover. Only after the bottom is built can there be momentum for the rise."

Wu Guangyao asked curiously: "How long do you think the sluggish US stock market will last this time?"

Robertson thought for a while and said, "This time the US stock market plummeted was somewhat affected by external factors, such as the drag of the US-Vietnam War. The US economy actually does not have much problem, so I think it should have the momentum to rise in two years, and of course it is not ruled out for a longer time."

Upon hearing this, Wu Guangyao did not express his opinion, but asked other people.

Financial consultant Morse also expressed his opinion: "I think it will take three years! What is certain is that entering the market is indeed more suitable now. Since boss said it is a long-term investment, and the boss's family funds are indeed in urgent need of finding projects, it is very suitable to invest in stocks now."

Morse is quite aware of his wealth, so he said this!

Suez has been blocked for three years, and the dividends he has brought to him in these three years are US$3 billion;

Investing in gold costs US$1.2 billion (still in purchase), Everbright Bank deposits US$300 million, and the dividends have not yet been received in the first half of this year, so this time investing in US stocks is US$1 billion.

After hearing everyone's opinions, Wu Guangyao said: "Everyone is the person I trust the most. I will not hide it from everyone. The 1 billion US dollars invested this time, I plan to hold stocks of some promising companies in the United States for a long time, that is, value investment. This fund is also a family fund of the Wu family. I need everyone to speak freely and give me some advice to ensure that every descendant of the Wu family can receive a family 'salary' every month."

As soon as Wu Guangyao's words fell, everyone straightened their backs and their faces became serious.

Especially the women, they immediately felt the grand nature of the matter.

This is a very important thing. Many big families will have such family funds, and this kind of family funds are also the norm for future development.

At this time, the Wu family may be ranked among the top ten in the world in terms of family wealth, not to mention that the Wu family is just starting out.

Everyone quickly discussed whether the Wu family’s family’s family funds should be managed by an independent family office or the third-party investment-outsourcing chief investment officer model.

For family funds managed by independent family offices, the investment, operation and management costs are relatively high. In addition to providing investment, wealth management also provides families with financial services such as tax filing, real estate purchase, private jets, etc.

Third-party investment - outsourcing chief investment officer model, a model that is jointly managed by professional investors for multiple families through one investment portfolio, also known as multi-family funds.

Everyone expresses their own opinions, and to summarize the advantages of both models;

If third-party investment is adopted, Wu Guangyao will definitely only let Robertson operate this matter, so that he will not hand over the funds to third-party investment institutions in the United States. Although the fund companies composed of former chief investment officers of university funds in the United States have a good reputation.

When Wu Guangyao was in a bidding position, Lin Yueru said, "Just take both methods!"

"Yes, why didn't I expect it! Good things come in pairs, and everyone gets two salary, wouldn't it be better!" Wu Guangyao patted his thigh and said loudly.

In the end, Wu Guangyao decided to include the first $1 billion in the family office and then invest through Tiger Fund.

Although the family office does not directly participate in investment, it does invest in indirectly, so the functional institutions that should be established must be as few as personnel; most importantly, the family office will provide services to all family personnel in the future, such as filing taxes, purchasing real estate, private jets and other financial services.

"Moles, you have worked hard recently and helped me build my family office; remember, as long as you have top talents, there is no limit on nationality."

“Yes, boss!”

Wu Guangyao said to Robertson again: "Roberson, from now on, our relationship is partners, and you can have other investors. Of course, if my funds are investment projects led by me, you cannot charge me commissions, you can only charge management fees."

After hearing this, Robertson said seriously: "The boss is a financial genius. If I can get your guidance, I have made a profit. Why will I still charge you a commission?"

Robertson is telling the truth. Robertson has already gained a certain reputation on Wall Street at this time, even higher than Buffett at this time.

The source of these little fame is Wu Guangyao's guidance. Robertson broke into Wall Street with Wu Guangyao's $100 million in 1968. Wu Guangyao reminded him how many stocks he bought; when to clear and withdraw funds, Wu Guangyao directly decided.

In the eyes of the big guys on Wall Street, these keen market behaviors are all from Robertson!

Wu Guangyao nodded and said, "One code is the same as one code. If it is the investment plan you decided, I chose to invest and the commission will be settled as usual. Also, you are well-known now, and you can try to form a new fund and absorb new investors."

Robertson was overjoyed. This was what he had always dreamed of. He planned to propose it in two years, but he didn't expect the boss to propose it now.

Robertson said: "Thank you boss! But don't worry, boss, I will definitely be optimistic about your wealth!"

Wu Guangyao said: "I'll give you a fund name, it's called the 'Jacquard' Fund. I'll invest another $2 million in you, and the commission will be settled normally."
Chapter completed!
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