Vol 6 Chapter 290: Bull

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The reason why Joseph Huley is rarely known is that it has something to do with the low-key style of the State Street Group. The low-key style of the State Street Group, especially in the recent period, is actually related to their development in the past two years.

In the past few years, the guys on Wall Street, even though they dug themselves the subprime pit that can bury their brains without realizing it, they still do some work.

For example, the asset management industry has been greatly developed this year. After acquiring Merrill Lynch’s asset management business, Heiyan, who has become the industry leader, not to mention, the original duo, Pioneer and Fidelity also have The rapid development, only State Street, when the industry is showing a spurt of growth, the performance is very unsatisfactory.

Among the four most well-known custody giants in the United States, State Street still can only respect the last place at this time, and the gap with the top three has been further widened.

On the other hand, Feng Yiping, in terms of growth rate, current achievements, and future development potential, there is currently no one that can match him in the global business community.

It is also for this reason that State Street has no idea about Feng Yiping's several projects?

However, to them, Feng Yiping's company is like a hedgehog, unable to find a place to speak.

Feng Yiping's active release of kindness this time allowed them to finally see hope.

Therefore, after receiving a call from Feng Yiping's office, State Street management was a little overjoyed.

It stands to reason that whether it is due to reciprocity or the importance of this opportunity, State Street's chairman should personally attend the appointment, but now it is his CEO. The reasons for this are somewhat difficult to explain.

The U.S. financial industry represented by Wall Street has passed fierce competition before it has the current leading position in the global financial field.

But their fierce competition is not only against the company's opponents, but within the company, the competition is also fierce to cruel.

The most well-known of these two years is the battle that took place in Morgan Stanley, a well-known investment bank on Wall Street, in 2005, and that battle is called "sweet revenge" by everyone.

Once forced the former motorcycle ceo john's mack to leave, he had to switch to credit suisse first boston's philippurcell ceo philippurcell, but was replaced by the 8th place high The executive alliance formed by the tube forced the palace.

The League of Executives made full use of the American political campaign. They advertised in newspapers and criticized on TV. Finally, they successfully expelled the proud Pei Xiliang, and the new CEO was forced to leave in 2001. Of Mak Jin Heng.

Behind the scenes of such a perfect revenge, the fierce confrontation between the two sides must be beyond everyone's imagination.

And such a thing is currently being staged at State Street.

Financial institutions in the United States have very strict requirements on the returns of the companies they invest in. Naturally, they have stricter requirements on their own companies.

And because of the losses related to subprime mortgages, State Street's earnings this year will be a record low for many years. Therefore, the current chairman has succeeded in accumulating enough grievances among major shareholders.

The State Street Board of Directors is therefore planning a similar expulsion.

Everyone knows that the kindness that Feng Yiping proactively released symbolizes what kind of opportunity they have. Therefore, they refused to give the current chairman such an opportunity, and gave them this opportunity to be optimistic, or that they successfully won them. Optimistic about Joseph Huley.

This is also the reason why Joseph Huley is so excited and eager. He came to Palm Beach on behalf of State Street this time, and it was an opportunity he won with hard work.

The reason for this is naturally not easy for Joseph Huli to mention to Feng Yiping.

Therefore, how to explain to Feng Yiping has become his main problem in this way.

As for what Feng Yiping might talk to him, he is not worried, because in any case, what Feng Yiping wants to talk to them this time must be a good thing.

So they happily accepted the invitation and immediately dispatched Joseph Huli.

What Joseph Huley, who is getting closer and closer to his destination Blakes Hotel, didn’t know was that when he set off for Palm Beach, Lawrence Fink of Black Rock had flown to Boston in a low-key manner, and the people he wanted to meet , It is the current chairman of State Street, who seems to be an abandoned son soon.

Although the development of State Street in recent years has not been satisfactory, Fidelity, which is in the same city as State Street, will not take it lightly.

A companion is an enemy, and a companion who sleeps soundly on the side of your bed is like a thorn in the eye.

Therefore, one of the initiators of this plan, Fidelity's Edward Johnson, did not bring State Street in. Why should we share such a good opportunity with him?

However, after taking the example of John Berg of Pioneer Group two days ago, he and Lawrence Fink of Black Rock almost simultaneously thought of this asset management giant that they had also left behind.

Originally, they were reluctant to take a ride with a peer like State Street, but now, this peer must be their target.

But, in any case, Edward Johnson can't take the initiative to show good to the rich, so he had to let Lawrence Fink take the lead.

When Joseph Huley was about to meet Feng Yiping, in Boston, Lawrence Fink was already shaking hands with the chairman of State Street.

…………

On the beach not far from the Blakes Hotel, Feng Yiping was a little curious and asked John, "Do I know this person?"

It's not that he is proud, but he really feels that, at least 14 years ago, as long as he wants to do it, then in terms of return on investment, even Buffett can't be compared with him, because he is open!

He also believes that John will not be eloquent in this regard, so he is really interested in the guy that John calls him who is as good as himself in terms of return on investment.

John pointed to one of the yachts in the sea and said, "You don't know that yacht,"

"That one?" Feng Yiping followed John's hand and looked at it. It was a yacht about forty to fifty feet long. For the average American, it was naturally luxurious, but for Feng Yiping and Palm Beach , It's really quite general.

"Should I know?" Feng Yiping asked.

"Everyone on the island knows this yacht, and everyone on the island wants to get on that yacht," John said.

Feng Yiping glanced at John, "The owner of the yacht is the one who can get a high return in the investment field?"

Because for these wealthy people on Palm Beach, what level of beauty will not be a problem, so, naturally, only green US dollars can make them rush.

"Yes, that is his yacht here, but not everyone can board that yacht. Only investors he accepts will have the opportunity to board it,"

"However, even the members of the Palm Beach Country Club ~www.wuxiaspot.com~ may not be his clients,"

This is when Feng Yiping heard the Palm Beach Country Club again, "This club has a very high standard?"

"Yes, the country club is the most demanding club in Palm Beach. In order to become a member, in addition to having a very high status and strength, you must also have a very good record of charity."

"It is also the club with the highest level of confidentiality. The membership directory is absolutely confidential. To determine whether a person is a member of it, it is generally only known when the club publishes an obituary."

"At present, most of its members are Jews. In other words, in the Jewish wealthy circle, joining a country club has become a status symbol."

"And if in the club, being able to strengthen that gentleman is even more a status symbol..." John said with a look of yearning.

"Sorry," Feng Yiping interrupted John. He always felt that John was doing an advertisement. "I can ask, what kind of advice can this gentleman who makes everyone rush to invest? Return?"

"Generally, you can get a return of 1% of your investment every month, and it is said that there are even higher," John said.

"There is no upper limit on the amount of investment?" Feng Yiping asked.

"I have never heard that there will be an upper limit, only a lower limit, and now the minimum cannot be less than 10 million US dollars,"

Feng Yiping was a little surprised. There is no upper limit on the investment amount, and at least a return of more than 10% a year can be obtained, which is really good.

But is it paid off every month? He felt that this seemed a bit familiar.

"You should know him," John said. "He is the former chairman of the Nasdaq board, Madoff."

John immediately saw Feng Yiping looking at him with a strange look, making him quite uncomfortable, "What's wrong?"