Chapter 461 Patch

"We are observing a member of the Hermès family named Nicolas Pieche..."

Ashley Weber told Barron:

"He currently owns 5 million shares of Hermès. He is the one who holds more shares among the family members. Moreover, Nicholas has his own business. He did not ask much about the affairs of Hermès very early on. He is still very promising. We can buy his shares, but we will try to be careful when making contact."

Nicolas Pieche?

Barron felt that the name sounded familiar, but after seeing the other party's photo, he finally recalled it...

Speaking of which, not long before he was reborn in his previous life, he saw news that a member of the Hermès family with assets of up to 9 billion euros was planning to leave his property to his gardener to inherit...

This person is Nicholas Pieche.

According to the reports that Barron remembered at the time, Nicolas Pieche was indeed one of the few independent shareholders in the Hermès family. It seemed that his relationship with other members of the family was not very good, and he was not a member of the Hermès family at the time. The established holding entity H51 has not been added to another holding entity H2 with a small number of family members.

His Hermès shares have always been held by himself, and there are even reports that when the LVMH Group acquired Hermès, he had negotiations with the other party to sell the shares in his hands...

It seems that Nicolas Pieche is indeed a member who can be attempted to acquire.

Barron knew that the LVMH Group's "big move" to acquire shares of Hermès only started in 2008, and they still had enough time to slowly "package the box."

But before that, his more important thing is to prepare for the upcoming subprime mortgage crisis.

…

"The profits from our crude oil futures last time were mainly invested in the renewed bullish exchange rates of the pound and the euro. It is expected that this time, both crude oil futures and foreign exchange will be able to complete the phased position closing within a few months."

In February last year, Caesars Fund invested US$1 billion, and Daisy was responsible for managing this part of the funds. She opened a position at an oil price below US$42 (see Chapter 360).

Prior to this, DS Capital's self-operated funds, that is, Barron's own funds, had also completed opening a position in crude oil futures.

The scale of DS Capital’s self-operated funds is slightly higher than that of Caesar Fund’s investment, reaching US$1.5 billion, and in terms of the use of leverage multiples, compared with the “conservative” scale of Caesar Fund’s ten times leverage, DS Capital’s own capital Funds and leverage are over 15 times!

At that time, Caesars Fund's position was around US$42, while DS Capital's position was established earlier, so the average position price was lower, around US$40.5.

In September last year, the international oil price exceeded 70 US dollars for the first time. At that time, the positions of DS Capital and Caesar Fund in crude oil futures began to be liquidated for the first time.

In that operation, Caesar Fund’s profit exceeded US$6.5 billion!

Among them, US$2.5 billion belongs to DS Capital as the profit share of this operation, and the remaining US$4 billion is invested in bullish futures on the pound and the euro. During this period, the US dollar is still relative to the pound and the euro. Somewhat depreciated.

As for DS Capital's own funds, its profits have reached US$16 billion. Adding in the profit share from Caesars Fund, DS Capital has US$18.5 billion in funds!

It is also worth mentioning that Caesars Fund’s US$1 billion principal and DS Capital’s own US$1.5 billion capital once again opened long futures positions after the international oil price fell below US$50.

Since the beginning of this year, international oil prices have once again reached a position above 60 US dollars. In a few months, they will "harvest" again.

It’s not that they didn’t want to go short immediately after closing their long futures positions in September last year.

But what needs to be known is that in the previous stage, their profits needed to be invested in other markets instead of staying in the crude oil futures market.

This shows that in international crude oil futures, if they want a higher capital utilization rate, they need to use leverage, but when using leverage, the amount of funds invested must not be too high, otherwise for The impact on the market will be huge.

therefore. Regardless of whether it is Caesars Fund or DS Capital's own funds, the funds invested in the crude oil futures market are less than US$2 billion.

This is to ensure that their investment behavior will not become a "whale in the pool" and cause too much turmoil to the market.

Now Daisy, just relying on the capital operations she has been responsible for over the years, the bonus share she has received has exceeded 100 million pounds. After investing her own wealth, she is now estimated to be an invisible rich man...

Not just her, DS Capital’s wealth-making myth has influenced many people.

"Next, I am going to make some adjustments to the financial situation of DS Capital..."

Hearing what Barron said, Daisy said in confusion:

"Although our entire DS Group's current balance sheet seems to be very high, we also have sufficient repayment capabilities and are not afraid of others attacking us..."

“I’m not afraid of this, but we did too much leverage before, which resulted in the shares of many companies being mortgaged. Now after these companies have developed, their market value is completely different from what it was at the beginning, and they continue to be mortgaged. The state is too wasteful..."

When Barron said this, Daisy already understood something:

"So the US$18.5 billion in revenue we received before was not invested in other investments, but was just a short-term, low-leverage long-term operation on the pound. Is that just for this?"

"Yes, I will ask Brendan McCain to produce a detailed balance sheet of DS Group and then optimize some of the debt."

Brendan McCain is the chief financial officer of DS Group. From the initial leveraged acquisition of O2 Telecom to the recent acquisitions, DS Group's debt has indeed accumulated a lot.

Barron even used this as bait to target the joint strangulation of the Hall family and the Rothschild family, but there was one thing that was not convenient for Barron to tell Daisy directly.

That is, the subprime mortgage crisis is coming soon. Although DS Group has enough funds to deal with it, Barron does not want the debt obtained by his previous equity mortgage to cause him any trouble in this global economic recession.

Moreover, O2 Telecom is about to go public, and he plans to resolve these debts first and "patch up" himself.