After divorce, I can hear the voice of the future

Chapter 670: 137.6% Return Rate
July 13th arrived in the blink of an eye, and the long-awaited settlement day for Tianxing Phase IV private equity fund finally came.

A week ago, trade frictions between major powers escalated.

The surge of $162 per ounce in London gold prices caused domestic gold prices to break through 410 yuan. The true profits of what has been hailed by mainstream financial media worldwide, such as the Wall Street Journal and the Times, as the biggest gold robbery of the century, are about to be revealed.

Domestic media outlets flocked to the scene, eager to know whether Lu Liang, who had been focused on manufacturing cars and hadn't made any moves for over half a year, was truly wielding the same sharp scythe as foreign media outlets claimed.

In an effort to curb the spread of news about losses, JPMorgan Chase allegedly bribed various media outlets to promote Lu Liang and his Tianxing Private Equity, highlighting their substantial profits during the recent gold price surge, in an attempt to divert public attention.

This led to widespread speculation in foreign media that Tianxing Private Equity had made profits exceeding five billion US dollars.

Some say the profits exceeded 10 billion US dollars, while others claim it exceeded 100 billion US dollars.

There are many different opinions, but all the speculations will be put to rest today.

The settlement reports from the fourth phase provide a glimpse into Tianxing's total returns during this round of gold price increases.

The third private equity fund has an initial asset size of $50 billion, and its net asset value last month was 1.97, representing total assets of $98.5 billion.

The fourth private equity fund had an initial asset size of $30 billion, and its net asset value last month was 1.91, representing total assets of $57.3 billion.

Based on the $57.3 billion raised in the fourth round of private placements.

Let's assume the amount settled this time is $65 billion.

That's $7.7 million plus $10.78 billion, totaling $18.48 billion, which is roughly Tianxing's profit in this round of gold price increases.

There will definitely be some deviation, because Tianxing Fund cannot only invest in Dunlun Gold.

Rumors suggest that the offshore RMB has fallen below the 6.9 mark, and Tianxing Securities is also involved, though the actual figures are likely similar.

After all, London gold is Tianxing's main battlefield.

"This time, I'm afraid it will disappoint many people."

Lu Liang's office has a huge floor-to-ceiling window with a great view, overlooking the entire Lujiazui street, the Huangpu River in the distance, and the Bund on the opposite bank of the river.

He looked down at the ground and saw a large crowd gathered at the entrance of the building. The security department had almost turned out in full force, and media vehicles and other unauthorized personnel were blocked at the entrance.

Lu Liang held the fourth private equity settlement report, which would be distributed at the settlement meeting later.

The final net asset value of the fourth private equity fund was set at 2.376, representing total assets of US$71.28 billion at the time of settlement.

This also means that they made a total profit of US$33.552 billion during this round of gold price increases and RMB depreciation.

"Probably... probably not."

Sun Yutao was taken aback. He considered himself quite eloquent, but at this moment he suddenly lost his ability to organize his thoughts.

The annual return rate is 137.6%, even after deducting the initial 3% entry fee and the tiered fee of 35%.

Overall, the return is 89.4%.

An investment of 100 million yuan yielded a net profit of 89.4 million yuan in one year.

This isn't just fictitious unrealized asset gains; it's genuine cash income. What more could you ask for?

Even the Vanguard Fund, which is hailed as having the best returns among funds, only achieved a return of 29.4% last year.

Warren Buffett, who rose to fame in the last century, managed Berkshire Hathaway with a return of only 18.56%.

The key issue is that they can't even pay dividends once a year. They hold large positions in the financial market, and if they cash out a lot, their returns will be halved in no time.

"Go out and greet them; I'll go over later."

Lu Liang smiled and didn't make things difficult for Sun Yutao any further.

Because he also knew that a profit of several billion or nearly 10 billion US dollars a year was already the upper limit of speculation.

Going further up, like those funds that generate tens or even hundreds of billions of dollars in returns annually, the only option is to invest.

Just like Buffett's Berkshire Hathaway, which holds shares in companies such as Apple, Microsoft, Coca-Cola, and Johnson & Johnson for the long term.

Given Lu Liang's current operating methods, he is destined not to hold positions for the long term and can only engage in quick in-and-out trading in the speculative market.

After Sun Yutao left, Lu Liang opened the safe and took out the Tesla equity transfer agreement provided by JPMorgan Chase.

After much deliberation, he put it back.

$150 billion is no small sum. Even if Lu Liang could come up with it, it would probably empty his coffers.

Moreover, if the Americans discover his intention to acquire Tesla, he could very likely face coercive measures.

Therefore, this agreement can only be kept secret for the time being, and will only be made public when there is an opportunity to use it.

Moreover, Lu Liang wouldn't use his own money; he'd drag several large organizations into it to help smooth things over. Lu Liang wouldn't keep such a "good thing" to himself.

As it approached ten o'clock, Lu Liang turned and went into the changing room to change into the suit that Tian Xi had helped him choose in Macau.

"With a little dressing up, I look quite handsome." Lu Liang smiled as he stood in front of the mirror, admiring himself.

While casual clothes are comfortable, everyone has a desire to look good, and he has recently taken a liking to suits.

Moreover, haute couture suits have excellent quality and cut, and once you get used to wearing them, any slight discomfort is negligible.

"Good taste, I really like this set." Lu Liang casually took a picture and sent it to Tian Xi.

The internet-addicted girl seemed to be online 24/7, replying to the message immediately: "It's a package deal, I've always had good taste."

However, Lu Liang seemed to have suddenly risen from the dead, and the message he sent disappeared without a trace.

"Damn it, he read it but didn't reply." Tian Xi said with a dark face. Lu Liang couldn't have missed her replying so quickly.

So, he decisively took out a large bear plush toy, treated it as Lu Liang, and beat it hard to vent his anger.

At 10:00 AM sharp, in the Tianxing Private Equity conference room.

Good morning, friends.

Lu Liang arrived quickly with a smile on his face.

He walked to the head of the long oval table and looked at the distinct east and west faces on either side.

The left side was led by Shen Peng, Zhu Hu, Guo Changguang, and others, while the right side was led by Schwarzman, Wilson, and Jeffrey.

At the end of the seats on both sides were Xiao Wang, Lei Jun, Flannery, Liang Wenhui, Li Junwei, and others.

Those who were supposed to come, and those who weren't, have all come today.

The seating arrangement has nothing to do with status; it only depends on the amount subscribed in the four private equity rounds.

Just like Xiao Wang and Lei Jun, who have already participated in the subscription of three phases of private equity funds.

The fourth round of private equity investments was split equally between Chinese and foreign institutions, who only symbolically invested tens of millions of US dollars.

And then there's General Motors' Flannery, who, taking advantage of the upcoming launch of the overseas version of Tian Shu in the North American market, specifically chose this day to come and discuss important matters with Lu Liang, probably also hoping to get a share of the quantitative fund pie.

Lu Liang smiled, casually unbuttoned a few buttons on his suit jacket, rolled up the cuffs, and bowed in thanks: "Thank you all for taking time out of your busy schedules to come. On behalf of Tianxing Private Equity Fund, I would like to express my sincere gratitude to everyone..."

Li Junwei, attending the meeting for the first time, showed surprise in his eyes.

In his imagination, Lu Liang, representing Tianxing Private Equity, should have a strong, assertive style at meetings: "After I finish speaking, who agrees and who disagrees?"

As if sensing his confusion, Xiao Wang smiled and explained with a know-it-all attitude, "One should always try to be polite before resorting to force."

Before Lu Liang arrived, he had already learned that this Hong Kong native was about to become the general manager of Tianxing Quantitative.

As a well-known best friend, he considered himself half the host and felt it was only right and proper to help answer his questions.

The next second, as if to verify Xiao Wang's words, Lu Liang pulled out a chair, plopped down, and sat on it with most of his body on it.

It's worth noting that the chair backs in the conference room are normally not used, because everyone sits upright and takes the meeting seriously.

"We've finished the pleasantries, and I'm sure you're all tired of hearing them. Let's get down to business and talk about something that interests you."

Lu Liang looked relaxed and carefree, crossed his legs, and gestured with his fingers. Xu Jiawei and Sun Yutao, who were standing on either side, understood and distributed a settlement report to each of them.

He paused for a few seconds, then smiled and said, "As is customary, there will be 20 minutes for review. If there are any issues, please raise them; if not, please sign and authorize."

As specially invited observers by Lu Liang, Liang Wenhui, Li Junwei, and Flannery also received a copy of the settlement report for the fourth phase of the fund.

Upon seeing the 137.6% annual return, the group's pupils dilated, their eyes filled with shock.

Some people are amazed that with only $30 billion in principal, they could earn $41.28 billion in a year.

Some people are surprised by the tiered management fees; with a return of 137.6%, the management fee is 35%.

Of the total proceeds of $41.28 billion, the Tianxing Foundation took $14.448 billion, leaving $26.832 billion for the investors.

Li Junwei suddenly felt relieved and understood Lu Liang's impolite manner of leaning back in his chair, crossing his legs, and being relaxed and carefree.

After all, if you can make so much money for investors in a year, no one would dare to say anything even if you put your feet on the table.

　缺二

　　
　
(End of this chapter)