How great is the hope, how great is the disappointment.

After meeting, Chen Ran collapsed.

That's it?

NetEase, Alibaba, Netflix, Salesforce, amd, Nvidia, ASML, Adobe, Amazon, visa, top ten gold stocks? Why is it so ridiculous?

She thought Boss Zhou could come up with some shocking investment strategies that would blind the eyes.

I didn't expect... Well, it's really shocking.

A large fund of 10 billion US dollars is invested in these? Not to mention that this is a top-level private equity fund with extremely high fees. Even the most ordinary public equity fund... cannot pick out such a messy stock portfolio.

The Internet, software, semiconductors... the more I look at them, the more they look like stock picking for novice retail investors.

Just like this, you still promise a guaranteed annual return of 20%? If you lose money, you have to pay for the loss out of your own pocket? Boss Zhou, is it a bit too big?

Because the big boss said that he would mainly look for value investment targets in the technology field, so during this period, Chen Ran has been studying technology stocks, and he really can't see the inherent relationship between his stock selections.

The cost of private equity is extremely high, and the requirements for capital preservation are very high, so there are often deep logical stock selection strategies and built-in strategic "hedging".

For example, if the price of coal rises, the coal company's revenue will increase and its stock price will rise. This will lead to an increase in electricity costs, resulting in a decrease in the power company's profits and a fall in stock price.

There is a simple hedging relationship here. The stock prices of coal companies and power companies will rely on each other, with one going down and the other going up.

If we all buy coal stocks, it will be a disaster if coal prices plummet, and the risk is too great; if we all buy electricity stocks, it will be a disaster if coal prices rise, and the risk is too high. If both companies buy them together, they can form a hedge.

Reduce risks. Through some operations, you can achieve the effect that private equity funds can make money regardless of whether coal prices rise or fall.

Right now, the big boss’s stock selection really doesn’t show any brilliance. There is no hedging and no ability to withstand pressure.

"Is this...is this really okay?"

Chen Ran didn't want to question it, but he really couldn't help it.

Zhou Buqi stood in front of the floor-to-ceiling windows of his office, overlooking Manhattan. He couldn't help but sigh, "It is indeed the Rockefeller Building. The view is really good. Huh? What did you say? Is that okay?"

Chen Ran took a deep breath and said, "Mr. Zhou, your stock selection strategy..."

Zhou Buqi was full of confidence and waved his hand without looking back, "No need to question, just execute it."

Chen Ran was silent for a long time. Although he didn't understand, he could only accept, "It seems that the market of these 10 stocks is not big enough. Amazon and Visa have a market value of more than 20 billion. Do they need to exceed 5%?"

Zhou Buqi said: "Don't overdo it. Don't deal with the outside world. My investment strategy is the vision of a genius. It must be kept secret, kept secret, and kept secret again! It must not be leaked!"

Private equity is a black-box operation, but once you hold more than 5% of a company's shares, you have to deal with the public and exchanges, and there is outside intervention.

This kind of thing should be avoided as much as possible.

It’s not like there’s a lack of investment targets, there are so many stocks to buy.

The Black Rock Group in later generations has assets under management of US$10 trillion. From its public accounts, it can be found that its stock funds have bought all the stocks in the S&P 500, and the shareholding amount of each stock is

is 4.99% of the company.

Even public offerings don’t want to cross the line, and private placements have to be avoided even more.

Chen Ran was a little numb and said bravely: "What should we do? These 10 stocks cannot afford 10 billion US dollars."

Zhou Buqi said: "These 10 stocks were bought for US$5 billion. The remaining US$5 billion was bought into Apple's stock."

"Ah?" Chen Ran was stunned, "5 billion US dollars, all eaten by apples?"

"right."

"Buy just one stock?"

"right."

"this……"

Chen Ran wanted to refute again. Although she is not an investment expert, she has been engaged in financial management for many years. One of her jobs is to help her employer buy or sell stocks. What she does is operational work, not decision-making.

work.

But even so, I still have a deep understanding of stock investment.

That’s not how it was done!

The most important thing about a fund is to diversify your investments and not put your eggs in one basket. The first priority is not to lose money, and the second is to maintain profits.

Pluto Capital, which has 10 billion U.S. dollars, directly spent half of its capital to buy Apple. Isn't this putting its life in Apple's hands? If Apple's stock price fell, wouldn't Pluto Capital be at risk of losing money?

Well……

A new idea suddenly appeared in Chen Ran's mind.

yes!

Boss Zhou is a big boss in the technology industry. There are only a handful of people in the world who understand the technology situation better than him. His large investment in Apple shows that he is extremely optimistic about the development momentum of iPhone in the next few years. It’s just that

Will it rise or fall?

The iPhone has a good future, but Android has a bad future?

"Can't Google?" Chen Ran couldn't help but ask, "If you buy so many Apples, Pluto Capital's barometer will follow Apple, and the risk is a bit high."

Zhou Buqi pondered for a moment, "Well, Google is not bad. Then buy Google with US$2 billion and spread it out."

In the short term, Google is much stronger than Microsoft. In response to the economic crisis, Microsoft has adopted a tough strategy; Google has taken the road of innovation, from Google Chrome, Android systems, to cross-continental databases, YouTube has become better and better...

…Google stock will be very strong over the next year or two.

Chen Ran blinked, "Where's Microsoft?"

"Microsoft can't."

"Why?"

"Ballmer's style is too rude. He needs to be strong internally and be positive externally. If he does it the other way around, problems will arise. Especially in this wave of smartphone trends, Microsoft is obviously late. The trend is bearish, and the stock price will continue to fall.

One or two years. Either wait for one or two years before buying the bottom, or wait for Ballmer to step down and then buy to chase the rise. In short, not now."

Chen Ran breathed a sigh of relief, feeling a little relieved after hearing what he said clearly.

It seems that Boss Zhou didn't make the decision just by slapping his forehead and patting his thigh. He also made the decision after careful consideration.

"One more question."

"Um?"

"That friend of mine...the one who helped find connections for the Middle East sovereign funds found me. He said that the prince wanted to meet you and talk about cooperation."

Zhou Buqi smiled and said: "What a coincidence, a wealthy man from the Middle East has found Goldman Sachs and wants to cooperate with me. What kind of fund is that of yours?"

Chen Randao: "Abu Dhabi Sovereign Fund."

Zhou Buqi turned around and sat down on the sofa, stroking his chin and saying, "It's not the same thing. The one who approached Goldman Sachs was Saudi Arabia's national sovereign fund."

They are all similar, they are all super wealthy people from the Middle East.

Saudi Arabia’s sovereign fund is the world’s largest, with assets under management of US$1.3 trillion. The Abu Dhabi Fund is part of the UAE’s sovereign fund, with approximately US$600 billion.

All in all, they are all super rich, extremely rich.

This wave of financial tsunami has really devastated the local tycoons in the Middle East. The oil tycoons are all looking for investors who are not from Wall Street... Sun Zhengyi took a big advantage and got 60 billion US dollars. With Madoff's accident, Zhou Bu

The device seems to have the meaning of replacing it.

Madoff used to follow the path of politicians, celebrities, and social elites, and the careless Pluto Capital followed the same path. Unless he is a life-threatening fraudster, he is very trustworthy. He is the top and smartest group of people in the United States.

Since all the money was given to Zhou Buqi, what else do others have to worry about?

Chen Ran asked: "Will you continue to raise funds?"

Zhou Buqi said: "Of course, if someone gives you money, don't give it for free! I also want to buy Manchester United. I don't have enough cash on hand, and Manchester United's debt crisis is also very serious. I'm just waiting for the wealthy people in the Middle East to give me some funding. Hurry up and buy it.

Pluto Capital’s second fund is established.”

"no."

"Um?"

"I'm saying that this structural design is inappropriate. You have chosen too few investment targets and the plate is too small."

"What do you mean?" Zhou Buqi raised his eyebrows.

Chen Randao: "For example, in Amazon, the first-phase fund holds 3% of the shares, and the second-phase fund holds 3%. But these are all funds under Pluto Capital, and the total is 6%. That's over the line."

"What should we do? Separate?"

"That's it, unless you can give more stock options."

"Then separate!"

Zhou Buqi waved his hand.

More choices?

Where is it?

These 10 golden stocks were finally selected, plus Apple, Google, and Microsoft, three giants that can swallow up a lot of money. There are more choices, but the future yields will not be that much.

Zhou Buqi said: "Then just register a new private equity fund. Well, it's called Neptune Capital. It specializes in serving Middle Eastern friends... Middle Eastern friends."
To be continued...