Recast youth

Chapter 1247 Fund Management Fees

"Are you finally willing to come out of it?"

Chen Huang looked at Ye Feng who came out of the bathroom, and said with a click of his tongue: "Tell me, it seems that I don't have a girlfriend, but the women I meet are all good women, beautiful, temperamental, and have a good background. Now, I asked you, brother, are you playing with them and trying to make progress by retreating? Brother, I found that you are a master of emotions."

"Master, your sister."

Ye Feng was too lazy to talk to Chen Huang about this, and said angrily, and then said: "Our private equity fund with Sister Qi is making money now. If you don't want to continue to make money, I can tell Sister Qi to exclude you."

"No, you're just trying to burn bridges. I'm wrong."

Chen Huang became anxious, and then asked expectantly: "How much did Sister Qi make?"

Ye Feng said: "1.5 million U.S. dollars."

"Net profit?"

"Net profit."

Ye Feng added: "I earned 5 million dollars in principal."

"Three times the rate of return? Damn, that's awesome."

Chen Huang suddenly became excited. With 1.5 million U.S. dollars, the current exchange rate between RMB and U.S. dollars is 1:8, which is equivalent to making 12 billion in half a year. This is faster than robbing money.

Chen Huang was still a little skeptical before, but now he is really convinced. Ye Feng is really a business genius, and his sense of smell is so sensitive. He went to the United States to invest in fcaebook company, and then traveled around New York. In just half a year, he made a fortune. Earned $1.5 million.

Obsidian Fund has a total capital of about 4 million U.S. dollars, and 5 million U.S. dollars has earned 1.5 million U.S. dollars. How much money can the total profit of 4 million U.S. dollars be made?And the money here can make money.

For example, now it is equivalent to US$4 million becoming US$5.5 million.

Ye Feng is very sober. He takes at most 30% of the credit for this, and 70% of the credit goes to Wen Yueqi. First of all, he chose subprime credit products that were not so good about real estate.

This requires a lot of time work.

Then we have to negotiate contracts with major investment banks and insurance companies. This also requires a lot of time and work. It is impossible to say that you will definitely make money if you know that the subprime mortgage crisis will happen.

You also have to know how to enter and how to make money. For example, everyone in country A is optimistic about real estate projects, and no one believes that real estate will fail. As long as real estate does not fail, the subprime mortgage crisis will not really happen. If the situation arises, even if the house is sold again, the bank loan can still be paid off, and there may even be some leftover.

Therefore, because of this, what should you do as a short-selling tool in the real estate market of country A in the United States?Not that everyone can think of a way to replace short-selling tools in the real estate market through credit default swaps.

Thinking of this, Ye Feng considered his words, looked at Chen Huang and said, "Obsidian Fund is a private equity fund owned by a few of us. Although Sister Qi is also a partner, she is also the fund manager, right?"

"Well, what's wrong?" Chen Huang glanced at him in surprise, wondering why Ye Feng suddenly mentioned this.

"I think Sister Qi should be given a certain amount of management fees. After all, she is doing all the specific work, especially short-term operations. The workload is too heavy."

Ye Feng expressed his inner thoughts to Chen Huang.When he was in the United States, he learned about how fund management fees are charged. The management fee rate is related to the size of the fund. The larger the fund size, the lower the fund management fee rate. However, at the same time, the fund management fee rate is related to the fund type. and different countries or regions.

Generally speaking, the higher the risk level of the fund, the higher the fund management fee rate. The fund with the highest fee rate is the securities derivatives fund. For example, the annual fee rate of the warrant fund is 1% to 5%. %, the lowest is money market fund, its annual rate is only 2% to 5%.

Obsidian Fund is a private equity hedge fund. Generally speaking, the risk is not very high, but extremely high. It is just that the emergence of a BUG like Ye Feng that has witnessed history has changed what Obsidian Fund is currently doing. The stakes are not that high.

Chen Huang was now completely immersed in the surprise of earning 1.5 million U.S. dollars, and he didn't care about the management fees anymore, so he said to Ye Feng: "It's no problem. Sister Qi has worked hard, and it's right to give her more hard work. Li Liang's I’ll just call him later and talk to him.”

Ye Feng glanced at the excited Chen Huang and said, "What I want to give is 5%."

In fact, what Ye Feng wanted to say was 10%, but because Chen Huang and the others were afraid that they would not be happy, they changed it to 5%. This is an extremely high number. For example, if the Obsidian Fund passes through the selected real estate sub-sectors one by one, If the credit product has earned US$10 billion, then Wen Yueqi’s management commission performance must be more than US$5 million.

Converted into RMB 4 million.

This number can be said to be a lot, which is why the salaries of some top foreign fund managers are so high.

Chen Huang was stunned for a moment when he heard this and glanced at Ye Feng: "Brother, you are really good at doing favors."

Ye Feng was a little embarrassed and had to admit that he had selfish motives in making this suggestion, so he continued: "If you think it is too much, you and Li Liang can each contribute 1%, and I can contribute 3%, or this It’s okay to make up 5% from my share.”

"What are you talking about? I didn't say I disagreed."

Chen Huang scolded Ye Feng angrily, then took a cigarette and handed it to Ye Feng: "And do you know how to settle accounts? Was mathematics taught by the physical education teacher? How can a fund of four people be with Li Liang alone? Pay 4%? Li Liang and I have different shareholding ratios. Isn’t Li Liang unjust? Besides, Sister Qi is also a partner, and she has to pay her own management fees. In this way, we can treat you and I, Sister Qi will also contribute 1 each, and Li Liang will contribute 1.5 to Sister Qi. In fact, these are not big problems. The fund belongs to the four of us. If anything is put on the table for discussion, you should keep everything else in mind. "

"Well, that's fine."

Seeing that Chen Huang agreed, Ye Feng felt relieved. This is what cooperation is like in business. You must consider the feelings of other partners, otherwise you will have to part ways.

Fortunately, Chen Huang was on the same side as him.

In fact, Chen Huang also had his own accounts to settle in his mind. First of all, without Ye Feng and Wen Yueqi, could he and Li Liang keep up with this express train and make money?Can you earn this $1.5 million in half a year?
unable.

Chen Huang can still tell the difference between drinking water and remembering the source. In his opinion, as long as the fund can make money, management fees are indeed trivial matters.

Then Chen Huang, who was in a good mood, turned to look at Ye Feng who was lighting a cigarette, and said with a bad smile: "Speaking of the fact that you are so good to Sister Qi, do you really like Sister Qi?"

"Nonsense, I just saw us wandering around here and not caring about anything. Sister Qi was in charge, so I thought of paying her separate fund management fees." Ye Feng denied it without hesitation.

Chen Huang nodded: "Then you might as well stick to your favor and let me make the call for you."

"I'll fight later."

Ye Feng smoked a cigarette and said to himself, Sister Qi is taking a shower, and she doesn't have time to answer the phone now.

(End of this chapter)