I Become A Noble in England

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

Ashley Weber told Barron's:

"He currently owns 5 million shares of Hermès, which is more than any other family member. Nicholas has his own business and has not been too involved in Hermès affairs for a long time. There is still hope that we can buy his shares, but we will try to be cautious when making contact."

Nicolas Piech?

Barron felt that the name sounded familiar, but after seeing the other person's photo, he finally remembered...

Speaking of which, not long before he was reborn in his previous life, he saw a news report that a member of the Hermès family, whose assets amounted to 9 billion euros, was going to leave his fortune to his gardener...

This person is Nicolas Piesch.

According to the reports at the time that Barron remembered, Nicolas Piech was indeed one of the few independent shareholders in the Hermès family. It seemed that his relationship with other family members was not very good. He did not join the holding entity H51 established by the Hermès family members, nor did he join the holding entity H2 established by another small number of family members.

He has always held his Hermès shares himself. There are even reports that when LVMH Group acquired Hermès, he had negotiated with the other party about selling his shares...

It seems that Nicolas Pies is indeed a member who can be attempted to be acquired.

Baron knew that LVMH Group's "big move" to acquire shares of Hermès only started after 2008, so they still had enough time to slowly "pack the box".

But before that, his more important task was to make plans for the upcoming subprime mortgage crisis.

…

"The last time we made a profit from crude oil futures, we invested mainly in the bullish exchange rates of the British pound and the euro. We expect that this time, crude oil futures and foreign exchange will both be able to complete phased liquidation within a few months."

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

Prior to this, DS Capital's proprietary funds, that is, Barron's own funds, had already completed the establishment of a position in crude oil futures.

DS Capital's proprietary funds were slightly higher than Caesars Fund's investment, reaching $1.5 billion. In terms of leverage, compared with Caesars Fund's "conservative" leverage of 10 times, DS Capital's proprietary funds were leveraged at more than 15 times! At that time,

Caesars Fund's position was around $42, while DS Capital's position was established earlier, so its average holding price was lower, at around $40.5.

In September last year, the international oil price broke through $70 for the first time. At that time, the positions held by DS Capital and Caesar Fund in crude oil futures began to be closed for the first time.

In that operation, Caesars Fund made a profit of more than $6.5 billion!

$2.5 billion of it was attributed to DS Capital as a share of the profit of this operation, and the remaining $4 billion was invested in long futures against the British pound and the euro - during this period, the US dollar will still depreciate against the British pound and the euro.

DS Capital's own funds made a profit of up to 16 billion U.S. dollars. Combined with the profit share from Caesars Capital, DS Capital now has 18.5 billion U.S. dollars in funds!

It is also worth mentioning that Caesars Fund's $1 billion principal and DS Capital's own $1.5 billion funds were used to build long futures positions again after the international oil price fell below $50.

Since the beginning of this year, international oil prices have once again reached above $60. 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 remaining in the crude oil futures market.

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

Therefore, whether it is Caesar Fund or DS Capital's own funds, the funds invested in the crude oil futures market are all below US$2 billion.

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

Daisy now has received more than 100 million pounds in bonuses just from the capital operations she has been responsible for over the years. After investing her own wealth, she is now probably an invisible rich man...

Not only her, DS Capital's wealth-making myth has influenced many people.

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

Hearing Barron's words, Daisy said in confusion:

"Although the current debt of our entire DS Group seems high, we have sufficient repayment capacity and are not afraid of others attacking us..."

"I'm not afraid of this, but we have done too much leverage before, which has caused many companies' shares to be mortgaged. Now that these companies have developed, their market value is completely different from the beginning. It is too wasteful to continue to mortgage them..."

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

When Barron said this, Daisy already understood a little:

"So the $18.5 billion in revenue we received previously was not invested in other investments, but was only used for short-term low-leverage long positions on the British pound. Is that the reason?"

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

Brandon McCann is the chief financial officer of DS Group, and DS Group has indeed accumulated a lot of debt, from the initial leveraged buyout of O2 Telecom to the more recent acquisitions.

Barron even once used this as bait to jointly strangle the Hall family and the Rothschild family, but there was one thing that Barron was not convenient to tell Daisy directly.

That is, the subprime mortgage crisis is about to come, and DS Group certainly has enough funds to cope with it, but in this global economic recession, Baron does not want the debt obtained by mortgaging his previous equity to cause him any trouble.

And O2 Telecom is about to go public, so he plans to settle these debts first to "patch up" for himself.