The scale of 50 million pounds is not high for a private equity fund, and it can even be said to be a relatively small investment fund.
However, there is no way around it. As a "newcomer" in the investment industry, everything still depends on performance. Once this fund performs well, it will be able to attract more capital investment.
In order to attract investment, Barron directly stipulated in the first investment agreement of the Mars Fund that if the annualized return of the fund is lower than 10%, all investors will be exempted from the fund management fee and they only need to pay the custody fee - the custody fee is charged by the custodian bank Barclays Bank, so DS Capital cannot be exempted.
However, as a private equity fund, DS Capital can collect profit sharing from users. They will get 20% of the profit for the client's profit below 20%; 30% of the profit for the client's profit between 20% and 50%; 40% of the profit for the client's profit between 50% and 100%; and 50% of the profit for the client's profit above 100%.
All clients have no objection to this profit-sharing clause, as it is the normal operation of private equity funds.
And from their perspective, they would like DS Capital to get a larger share of the profits, as that would mean that their investment has received a high enough return.
You know, under normal circumstances, being able to provide a stable annual return of more than 10% is enough to attract countless funds. DS Capital guarantees that it will not charge management fees when the annualized return is less than 10%. This in itself forces it to manage its clients' finances carefully so that their investment returns are higher than 10%. Otherwise, in this private equity fund, DS Capital will actually lose money, because part of the management fee originally collected is needed to pay for various expenses to maintain the operation of the fund.
Some funds, due to poor performance, make money entirely from management fees, which can be regarded as making money without doing anything...
Daisy, in accordance with Barron's instructions, invested all of the 50 million pounds of funds in the Mars Fund in bullish crude oil and gold, and did not use too high a leverage, only 5 times - compared to her own funds, the Mars Fund only needed to have a relatively outstanding performance and did not need to pursue the highest rate of return.
…
When Barron woke up in the morning, he saw the girl beside him, still sleeping.
With the light coming in through the gaps in the floor-length curtains, Barron reached out and prepared to pick up the phone on the bedside table...
What he got was not a mobile phone, but a small piece of black cloth...
Uh, put it aside and finally touched the phone.
The phone screen lit up, and I could see the clothes scattered all over the floor, and the torn stockings hanging on the lamp. From these scenes, I could tell how fierce the battle was last night.
It seemed that because of Barron's movement, the woman beside him woke up and turned her head...
The woman had long flaxen hair, and under the light in the house, her face could be seen...it was Prince William's girlfriend Sasha.
Sasha had just regained consciousness and was a little dazed. When she subconsciously lifted the quilt and sat up, her beautiful figure was fully revealed.
"Mr. Barron..."
She just called out Barron's name, but Barron blocked her lips...
Well, the beds in the hotel are of good quality.
…
In fact, Sasha is no longer Prince William's girlfriend. She can be called his ex-girlfriend because the two have just broken up.
Barron really didn't expect that when he accidentally met Sasha again in London, he would learn the news that the two had just broken up.
The reason is that Prince William played around a bit, or he himself did not take the beauty of St. Andrews University too seriously - according to Sasha, William actually proposed to her... well, a new learning method, "When three people walk together, there must be one person who can teach me"...
Sasha was shocked by this and naturally could not accept it, so she broke up with the other party immediately.
Sasha, who had become single again, was originally planning to go back to school. After all, it was almost September and school was about to start.
At this time, she met Barron. She had a great liking for this young and handsome duke, so after the two of them had dinner together, Barron took her to experience the Royal Suite of the Devonshire Hotel...
Yes, they were now in the highest-level royal suite of the newly renovated Devonshire luxury hotel in Chelsea.
At this time, some of the hotel's suites have been renovated, but it will take at least a month before the hotel can actually open - it will have to wait until the entire hotel is fully renovated, including the hotel's ancillary services: SPA center, restaurant and other facilities are complete, and the training of the original Cavendish Hotel employees in Soho is completed, before it can be officially opened.
But as the boss, Barron certainly has an obligation to experience the results of the Royal Suite renovation in advance...
So far, he seems to be quite satisfied with the facilities in the room.
This royal suite is over 300 square meters and has supporting guest rooms, study, reception room, cigar room, gym and other facilities. It also has its own sky garden and open-air swimming pool on the roof of the hotel... It can be said to be extremely luxurious.
After completing this experience, Barron decided to live here temporarily and moved some personal belongings from his original London apartment.
The reason is that Barron always felt that his apartment in London was a little small - because it was called a villa, or more precisely, a townhouse.
Especially after visiting Viscount Bute's mansion in Chelsea several times, he felt more and more that his place was a bit "tight", just like the last makeup party, when he had a deeper experience.
Therefore, Barron has already bought out the neighbor of his apartment, and now the entire building belongs to Barron. He will later connect the two houses and carry out a thorough renovation according to his own preferences.
Until the house is renovated, Barron plans to temporarily live in the Royal Suite of the Devonshire Luxury Hotel when he is in London.
…
Although he has a close friendship (P) (Y) with Prince William's "ex-girlfriend", Barron is not worried at all about what the other party will think of him after finding out.
After all, His Royal Highness the Prince is very open-minded about this and doesn't care too much about it.
After all, as far as Barron knew, in the previous life, after the prince and Cather established a romantic relationship, they broke up for a period of time before they got married.
During the period of breakup, Cather often went to nightclubs and had a boyfriend.
But after the two got back together, the prince didn't mind it at all, and became good friends with her boyfriend. When they got married, they even invited each other...
Not to mention the relationship between Barron and Sasha, which was only slightly beyond friendship...