Chapter 1165: The Terrorist Proceeds of the Galaxy Fund
January 16th, the weather, sunny.
The meeting room of the Galaxy Fund, which had been idle for nearly half a year, was once again opened, and the room was filled with laughter.
The chatter and laughter only stopped when Xia Yu stepped into the meeting room.
Xia Yu smiled faintly, his gaze sweeping over the faces of Liu Zhuang, Tang Yong and the others, and he said with a smile, 'It seems that everyone is in a good mood, which is good!'
'Hello, boss!'
Everyone stood up and greeted Xia Yu in unison.
Xia Yu walked towards the vacant seat at the head of the table, waving his hand to indicate that everyone should sit down: 'Sit down, all of you. It's been half a year since we last met, and you've all become so formal?'
'Heh heh...'
The crowd couldn't help but laugh out loud and sat down again.
After Xia Yu took his seat, he didn't immediately get to the point, but carefully observed the appearance of each person.
Liu Yao and the others couldn't help but sit upright, showing their best spirits.
After a long time, Xia Yu nodded with satisfaction and said, 'Not bad, we haven't seen each other for six months, and everyone hasn't lost weight. One is more energetic than the other.'
'Everyone has worked hard over the past six months!'
'Boss, we're not working hard, this is what we should do!'
'Thank you, boss, for your concern!'
'...'
Everyone spoke at once, saying that although Xia Yu's words were just a casual expression of concern, they still made everyone feel warm.
Because he had made a lot of money, Xia Yu was in a very good mood, and he also understood how everyone felt after not seeing each other for six months. So after a while, he clapped his hands to get everyone quiet down and formally get to the topic of the day.
'Okay, everyone, quiet down for a moment. The meeting is now officially starting.'
'It's almost New Year's Eve, and it's good that everyone was able to come back before the holiday.'
'Today's meeting is very simple, with just two processes.'
'The first process is for each team to report on their achievements.'
'The second process is to reward those who have done a good job!'
Everyone's spirits were lifted, and they looked at Xia Yu with sparkling eyes.
Xia Yu did not dawdle, and directly commanded Liu Jiao, on his left, 'Starting with Liu Jiao, report on the results of the battle one by one clockwise.'
'Liu Jiao, you may speak.'
Liu Jiao cleared his throat, took the organised data, and read aloud, 'My group was responsible for shorting the offshore currency exchange rates of ten countries, including Mexico, Argentina, Chile... The profit from shorting the Mexican peso was 1,232.67 million US dollars, the profit from shorting the Argentine peso was 1,147,660,000 US dollars, and the short Chilean peso was 1,013,750,000 US dollars... The total profit was 6,743,800,000 US dollars, with a rate of return of 539.5%.'
'Popppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
Of course, this rate of return is relative to the initial principal of 1.25 billion US dollars. As for how leverage is used and how much capital is mobilised, it is irrelevant, after all, this profit is net of the handling fee for leverage.
After Liu Jiao sat down, without being called upon by Xia Yu, Ma Kai, who was sitting next to Liu Jiao, immediately reported: 'My group is responsible for shorting the stock markets of ten countries, including Mexico, Argentina, Chile, and Colombia. Since the foreign exchange reserves of these ten countries in US dollars are almost zero, so the principal of 1.25 billion US dollars and the profits earned cannot be converted into US dollars and fled. At present, all the funds have been converted into shares of oil and mineral companies in various countries. The specific asset list is very large and has been handed over to the boss, so I will not report it here.'
'As for the specific amount of income, after converting it into US dollars based on the latest exchange rates in each country, the income from shorting the Mexican stock market was 1,179,490,000 US dollars, and the income from shorting the Argentine stock market was... The total profit was 6,159,700,000 US dollars. The rate of return was 492.8%.'
'Papatapa...'
Ma Kai's income was lower, but it was also very terrifying, and he received a round of applause.
Xia Yu, who had already seen the asset list of Ma Kai's group, also smiled and gave a generous round of applause, obviously very satisfied with the results of Ma Kai's group.
After all, with an additional principal of 1.25 billion US dollars, he has already acquired stakes in oil fields, mines and related companies in ten countries such as Mexico and Argentina, with a total value of over 7.4 billion US dollars.
Many of these stakes are in listed companies, and these companies have seriously shrunk in value. If we look at this a year ago, they would have risen considerably.
Of course, you can think about it, but you can't calculate it according to this logic here, otherwise it's not fair to other people.
After Ma Kai was Wang Gang, who was responsible for shorting the offshore exchange rates of the currencies of nine countries, including Brazil, Venezuela, and Peru. His group's total profit was 6,279,430,000 US dollars, and the rate of return was 502.4%, surpassing Ma Kai's group and temporarily ranking second.
Liu Wei's team shorted the stock markets of nine countries, including Brazil, Venezuela, and Peru. Like Ma Kai's team, they were unable to bring in any profits, and instead bought the bottom at the bottom and exchanged it for the equity of oil fields, mines, or companies in related fields in these nine countries. The total profit was 6.0812 billion US dollars, and the rate of return was 486.5%.
The next four teams were Tang Yong, Xue He, Song Yang, and Li De.
Tang Yong's team was responsible for shorting banks in the United States and Canada, with a total profit of 6.3812 billion US dollars and a return of 507.9%.
Xue He's team was responsible for shorting European banks, with a total profit of 6,032.4 million US dollars and a return of 482.6%.
Song Yang's team was responsible for shorting banks outside North America and Europe. Perhaps because banks outside Europe and the United States were not heavily involved in the sovereign debt of Latin American countries, his team had the lowest return, only 5,384.2 million US dollars, with a return of 430.7%.
Finally, there was Li De's team, which was responsible for going long on the US dollar exchange rate, with a total return of 6.2745 billion US dollars and a return of 501.96%.
The combined return of the eight teams was 49.3363 billion US dollars!
Add to this the 10 billion US dollars in principal that the Milky Way Fund had mobilised.
Today, the Milky Way Fund has a total of 59.3363 billion US dollars in assets in its various accounts!
The reason why I didn't say capital is because both the Ma Kai team and the Liu Wei team had exchanged their profits and principal for assets in the 19 Latin American countries.
The total profit of the two teams is 12.2409 billion US dollars.
Add the initial capital of 1.25 billion US dollars for each team.
So now Xia Yu owns stakes in oil fields, mines and companies in related fields in 19 Latin American countries worth 14.7409 billion US dollars.
In addition, there is 44.56273 billion US dollars in liquid funds!
He laid the groundwork for this plan for more than a year, and although it took a long time, the benefits are extremely staggering.
Not to mention that he had previously taken advantage of the Latin American sovereign debt crisis to successfully pit the Rothschild family against a wall, and he had also successfully taken over the equity of several banks, reaping considerable profits.
He had made a fortune, and naturally he would not mistreat the people who worked for him.
In a good mood, Xia Yu said to the crowd with a kind smile, 'We will now proceed to the second process, rewarding those who have done a good job.'
'First, each of your teams will receive a bonus of one percent of the profits made by your team.'
'Thank you, boss!'
the crowd shouted happily.
One percent was already a lot; they had thought they would be lucky to get five thousandths of a percent, but they had not expected the boss to be so generous this time.
According to the one percent commission, even the team with the lowest income, Song Yang's team, would receive 53.48 million US dollars!
And the boss would have to give out more than 493 million US dollars as bonuses to the eight teams combined, which was the biggest bonus they had received since they had worked with Xia Yu.
But the surprises were not over yet.
'And there's more!'
Xia Yu continued with a smile, 'This time, according to the rate of return, the top three teams will also receive prizes.'
'The first-place Liu Zao team had a rate of return of 539.5%, and will receive a prize of 30 million US dollars.'
'The second-place Tang Yong team had a rate of return of 507.9%, and will receive a prize of 20 million US dollars.'
'The third-place Wang Gang team had a rate of return of 502.4%, and will receive a prize of 10 million US dollars.'
'Clap, clap, clap...'
'Thank you, boss!'
The crowd applauded in admiration, and Liu Yao and the other two men rose to their feet to express their thanks.
After the applause died down, Xia Yu looked at Li De and said encouragingly, 'Li De, unfortunately, your team's profit was less than Wang Gang's by just under 5 million, and your rate of return was 0.44 percentage points lower. But don't be disheartened, and keep up the good work next time there's a big operation.'
Li De took a deep breath and said solemnly, 'Boss, I won't let you down, I'll do my best to win an award next time.'
'No, we must strive to be number one!' Xia Yu reminded with a smile.
'Yes, we will do our best to be number one!'
'This time, let Liu Yao wear the honour of being number one for now.'
Li De answered loudly, looking at Liu Yao with a gaze full of fighting spirit.
Liu Yao also looked at Li De with a serious expression, and said in a deep voice, 'Then we'll compete again next time!'
'Anyway, next time, I'll definitely be number one again!'
As he watched the two men talk, Song Yang, who had received the lowest share, clenched his fists. The excitement he had felt when his team had received a commission of over 50 million US dollars had already disappeared.
Next time, he would have to win back some face. He, too, would be number one, just not at the top.
He was too ashamed to be at the bottom!
Not just Song Yang, but also the others at the bottom of the rankings, Xue He and Liu Wei, were also secretly seething with anger. They planned to immediately conduct a summary of this operation, and then strengthen their own training, striving to improve their abilities so that they could shine in the next operation.
All of this was seen by Xia Yu, and a smile crept onto the corner of his mouth.
'Okay, the profits from your respective teams need to be distributed as soon as possible. As team leaders, you will each receive three fixed bonus tiers, and the remaining 70% will need to be reasonably distributed among the team members. It must be reasonable and must be accepted by the team.'
'When the time comes, each team will show me the distribution list, and I will try to transfer the money to your accounts within two days.'
'The sooner you finish, the sooner you can go on holiday. You haven't been in contact with your families for more than half a year, and the New Year is just around the corner, so you should also relax.'
'Yes!'