Chen Ran is ambiguous here, but Goldman Sachs has a lot of information.

It can almost reveal the background of the wealthy people in the Middle East.

There are three major tycoon countries in the Middle East, Saudi Arabia, the United Arab Emirates and Qatar.

In terms of national wealth ranking, of course, Saudi Arabia has the most, followed by the United Arab Emirates, and Qatar has the least. However, in terms of per capita income, Qatar has the highest level, similar to Norway and Denmark, which is the highest level in the world; followed by the United Arab Emirates, with a per capita income of more than 60,000 US dollars, which is higher than that of the United States.

It’s still high; the worst is Saudi Arabia, where per capita is less than US$20,000.

The so-called sovereign funds refer to funds established under the leadership of the state to help manage the wealth belonging to all citizens. Many countries have their own sovereign funds, but Saudi Arabia is different.

Saudi Arabia has the largest wealth, with trillions of dollars, but there are many nominal sovereign funds in Saudi Arabia, as many as a dozen. There are only two officially disclosed, one is the Saudi Central Bank, with about 480 billion U.S. dollars, followed by the Saudi Sovereignty Fund.

Wealth funds, about $350 billion.

There are also various nominal sovereign funds, which have very serious problems and have been criticized a lot.

There are more than 5,000 princes in Saudi Arabia. Each prince is extremely rich, flies a private jet, and lives a very nourishing and colorful life. Behind them are huge sources of wealth, that is, various kinds of wealth that are nominally owned by all.

The nation’s sovereign fund.

In comparison, the UAE's Abu Dhabi Sovereign Fund and Qatar Investment Authority are much more formal.

The Abu Dhabi Sovereign Fund was established in 1976. Its investment style has always been conservative. The main investment choice is to hand over a large amount of assets to foreign private equity funds for management. The annual rate of return is between 6% and 9%. Over the years, the fund has

The total scale has reached 600 billion-700 billion US dollars.

Rick Efron of Goldman Sachs told Zhou Buqi, "Among the Abu Dhabi sovereign funds, the internal strategic investment group only has a scale of US$30 billion. More than 80% of the assets are handed over to foreign fund managers to manage.

, 65% of the assets are mainly invested in stocks.”

"What now?"

"The scale of assets is too large, and it is difficult to make big changes in the short term. The funds withdrawn in the past six months were only US$70 billion to US$80 billion at most."

"so much!"

Zhou Buqi secretly exclaimed.

No wonder the United States is so nervous, so much money has been withdrawn! If it is a bull market, this amount of money is nothing to the trillions of dollars in the US stock market. If you want to withdraw, you can withdraw, and no one will care.

But the bear market is different.

The more bearish the market is, the more panic there is. Withdrawing US$70 billion to US$80 billion may lead to a panic withdrawal of US$700 billion to US$800 billion.

Withdrawing money from the U.S. stock market and investing it in the stock markets of other countries is obviously something the United States does not want to see.

Rick Efron was relatively stable and said with a smile: "Some people are already thinking of ways. Our congressman Ivan... and Treasury official Korey have already interviewed the Abu Dhabi Fund and are questioning their sovereign fund.

Transparency. Ask them to establish investment guidelines for sovereign funds. That’s good for you.”

Sovereign funds are not the same as private equity.

Private equity is a black-box operation with no transparency. Sovereign funds help all citizens with asset management and cannot have any privacy. It must be open and transparent in the interests of the people.

By using this excuse to attack Abu Dhabi's sovereign fund, the United States has directly seized the opponent's lifeline.

How can a Middle Eastern tycoon keep his hands clean?

Even if the UAE is close enough to modern civilization and is not as over-the-top as Saudi Arabia, the intrigues and the interests of the sheikh family must be protected.

Abu Dhabi's sovereign fund has withdrawn so much money and has been beaten by the US, so it will naturally have to make some compromises. The withdrawn funds may return to the US market.

Who will you vote for after you come back?

The wealthy people in the Middle East have lost confidence in local asset management companies on Wall Street.

Fortunately, Wall Street has already made arrangements, and Zhou Buqi is one of them, just waiting for the rich to invest with their money.

Even the Abu Dhabi sovereign fund, which operates in a very standardized manner, can be easily caught, and it is even easier for Saudi Arabia's various sovereign funds.

Zhou Buqi nodded, already understanding.

The money of the local tycoons in the Middle East was brought back by the operations of the US government. After the money comes back, it must be invested in the US market. Instead of being brought in by Zhou Buqi himself like Pluto Capital, he can invest in overseas markets and buy some

Alibaba stock.

“What about Qatar?”

"The Qatar Investment Authority has been established for a relatively short period of time and operates in a relatively standardized manner. The total scale is approximately US$60 billion, and more than 85% of the funds are used in investment funds."

Later, Rick Efron briefly explained, saying that investing large amounts of money is very difficult, complex and high-risk. For the tycoons in the Middle East, they do not have the ability to operate such large-scale capital investments on their own.

You can leave your money to professionals.

Whether it is Saudi Arabia, the United Arab Emirates, or Qatar, their sovereign funds mainly invest in some private equity funds and let investment giants help manage them.

"Good!"

Zhou Buqi showed a bit of a smile.

If he wants to cooperate, he most hopes to cooperate with an institution with clear wealth planning and standardized operation. It is not that he is worried about being cheated, but that after making money, his personal reputation will not become worse. If you help the devil make a lot of money, this is not helping the devil.

? Qatar is a great partner.

Seeing that he was quite happy, Rick Efron shook his head and said, "Mr. Zhou, regulation is not necessarily a good thing."

"Um?"

"The more standardized it is, the more complex the requirements are, and the more regulations there are for cooperation. Many private equity funds...well, for example, Madoff's private equity fund, the largest client is a Saudi sovereign fund. Because the other party's operations are not standardized, so

You are more flexible, even if you make some unreasonable demands, the other party can accept them.”

Zhou Buqi said in a deep voice: "I am not Madoff, I am doing business legally and legally. Didn't you evaluate my assets? If I really suffer a loss, I will definitely compensate."

Rick Efron quickly said: "Mr. Zhou, you misunderstood, that's not what I meant."

"Um?"

"Qatar has set up many rules and regulations to prevent corruption within the Investment Authority. The most disadvantageous point for you is that there is a clause that the investment ratio generally does not exceed 5%."

"5%?"

Zhou Buqi frowned.

Rick Efron said: "Yes, for example, your Pluto Capital has a total capital of 10 billion U.S. dollars. If you let the Qatar Investment Authority invest, they will provide up to 500 million U.S. dollars. And the Qatar Investment Authority is not very different from those two companies.

Likewise, it prefers mergers and acquisitions and entrepreneurial funds, focusing on Northern Europe, Europe, Asia, the Middle East and North Africa and emerging markets.”

"All right."

Zhou Buqi shrugged his shoulders. It seems that the Qataris are quite smart. They do not invest so much money in the US market and choose to bet heavily on some leftovers. This can not only enhance the country's international influence, but also avoid being

Wall Street cuts leeks. This model is similar to that of the domestic sovereign fund China Investment Group.

After being in contact with him for a long time, Rick Efron also noticed that this young man values ​​his personal reputation very much and seems unwilling to cooperate with the Saudi tycoons.

The money earned by helping the Saudi sovereign fund make money never falls into the hands of the Saudi people. It is squandered, divided and enjoyed by the princes.

He smiled and said: "How about the Abu Dhabi Sovereign Fund? I have received contacts from the Abu Dhabi consortium from at least 10 channels and want to cooperate with you."

Zhou Buqi nodded, "Yes, I received it here too."

"Then let's meet?"

"Let's meet."

Rick Efron asked: "When?"

Zhou Buqi asked back: "Has the money from Pluto Capital arrived?"

Rick Efron said: "US$7.3 billion has been received. I have already issued a notice that the amount raised this time is US$10 billion, but the total subscription funds are US$11.7 billion, which is US$1.7 billion over the limit. First come first served

Yes, if it’s too late, you won’t be able to get in. It is estimated that all the funds will be received within this week. The investment layout can be carried out next week.”

"Next week?" Zhou Buqi shook his head, "Next week is too late, start now! Invest the funds that have already been received first. Time waits for nothing, the sooner the better!"

Rick Efron was stunned for a moment.

To be honest, he never thought that Boss Zhou's "three red lines" could all be realized. It was not important to him at all. What Goldman Sachs earned was not profits, but commissions. Regardless of whether Pluto Capital made a profit or a loss, Goldman Sachs' commissions

It will be a lot.

But right now, he really felt that this guy's investment was too hasty.

The money hasn't been fully received yet, so you can't wait to start the operation? During this period of time, you have been very busy and focused on running relationships. Have you done market research? Have you done industry evaluation? You don't understand anything.

, just thinking about investing?

Zhou Buqi didn't expect him to understand, "Can't do it?"

"Ah? Oh, yes, it can be done!"

Rick Efron immediately called the people in the asset management department, and Zhou Buqi also informed Chen Ran that the operation was ready! The operation method is very simple, just look at the market, and then call the Goldman Sachs traders, "

Pending orders to buy 10,000 shares of Netflix, 10,000 shares of NetEase, and 10,000 shares of Adobe..."

Don't be too hasty to buy in, keep the stock price stable, don't pull it up suddenly in a short period of time, and try to attract funds at a low cost as much as possible.

After settling the matter here, Rick Efron was a little anxious and asked: "Look, when are you going to meet with the Abu Dhabi Consortium?"

"Where to meet?"

"Everything is fine."

Zhou Buqi stretched his body and said, "I'm going to Manchester to talk to the board of directors of Manchester United. Then, by the way, let's talk about investment with the Abu Dhabi Consortium."

Rick Efron laughed, "What a great idea!"

Manchester City has two Premier League teams, one is Manchester United and the other is Manchester City.

Zhou Buqi is planning to acquire Manchester United.
Chapter completed!