Chapter 454 Wall Street is crazyer than I imagined

Goldman Sachs is not based on Wall Street, but on Dilaney Street in Lower East Manhattan.

This world's top investment bank, which has a history of 138 years, has a headquarters building with a full glass curtain wall and a main building with a height of more than 50 stories, stabbing into the sky like a giant sword.

January is also the middle of winter in New York, and the weather is still relatively cold. The temperature at night is around minus 4 degrees Celsius, and the maximum temperature during the day is only two or three degrees Celsius.

Gao Yang changed into a formal outfit today and put on a coat outside.

Today, Professor Qin will take Gao Yang, Wu Ruohan, Chen Lan and Wu Fei to visit a managing director of Goldman Sachs Securities Department, named William Butler, which can be translated as: William Butler.

Qin Xianglin said that the Securities Department is Goldman Sachs' most profitable department and has great internal power.

William Butler, 46 years old, is about 184 cm tall, has a big fat guy with a head of brown and red curly hair.

Last night, Qin Xianglin told Gao Yang that Butler is a descendant of Ireland and his ancestors have immigrated to the United States for more than 200 years.

Butler's office is 70 to 80 square meters and is decorated in a luxurious manner.

"Hi, David!"

After meeting, Butler was quite intimate with Qin Xianglin and gave a gift directly.

David is Qin Xianglin's English name.

When Qin Xianglin introduced the four Gao Yang people to Butler, Butler changed to a handshake gift.

After Butler's secretary presented coffee to Gao Yang and others, Butler asked: "David, do you want to sign ISDA with Goldman Sachs, what products do you plan to invest in?"

Qin Xianglin replied with a smile: "We want to invest in real estate bonds, CDOs or CDS."

Butler said: "Great idea, the real estate market is hot now."

Butler made a phone call and asked the secretary to take Chen Lan, Wu Fei and Wu Ruohan to sign the ISDA agreement document of the Titan Fund.

Gao Yang stayed in Butler's office. Butler took the initiative to talk to Qin Xianglin about the market related to the US real estate bonds. It involved very professional things, so Gao Yang could not understand them at all.

Gao Yang can basically understand daily life-oriented communication, and even speak a few simple words in English.

Gao Yang just saw that when Qin Xianglin was talking, Butler listened very seriously and nodded in agreement.

Chen Lan and others signed the contract smoothly and came back in less than 10 minutes. Qin Xianglin also thanked Butler and prepared to say goodbye.

Butler asked Qin Xianglin how many days he would stay in Manhattan and invited Qin Xianglin to take time to have dinner together.

Qin Xianglin said: "William, before Saturday, I was in Manhattan. We will get together again after I finish my work."

Gao Yang also understood these conversations. It seemed that Qin Xianglin and Butler had a good personal relationship.

Gao Yang and his party quickly left the Goldman Sachs headquarters building, and rushed to the Titan Fund's office on Wall Street.

The registered address of Titan Fund is not in New York, and its office is located in New York.

At the beginning, because of Chen Lan's work in Android, Wu Fei and Chen Lan's family bought a house in California and lived in California most of the time.

Gao Yang asked Chen Lan to recruit a supervisor to manage and arrange the investigation team to closely track the overall situation of the US subprime mortgage market.

The three accounts investing in the US stock market are all trading by Chen Lan himself, and Titan Fund does not recruit traders.

Wu Fei is still working at Columbia University. During the start of school, he travels between New York and California almost every week.

The newly rented office building of the Titan Fund is located in the famous Rockefeller Center, International Building on Fifth Avenue.

The Rockefeller Center is a complex of 19 commercial buildings. The ground floors of each building are connected and are located in the middle of Manhattan.

After the 9/11 incident, almost all banks, funds and other institutions no longer set their headquarters on Wall Street and moved to central Manhattan in the Rockefeller Center area.

Some institutions simply evacuated New York and moved to New Jersey.

The 1,100-foot office building rented by Titan Fund on the 36th floor of Rockefeller Center International Building was still in late September last year when Wu Ruohan arrived in the United States and conveyed Gao Yang's arrangement.

Gao Yang means that the office of Titan Fund is necessary to rent it in the core area where financial institutions gather in Manhattan, which represents the image of the fund.

A month later, Chen Lan and Wu Fei found the office building in the International Building and rented it.

The group rushed to the Rockefeller Center and entered the Titan Fund's office. Chen Lan smiled and said, "The rent level of office buildings in Gaoyang and Rockefeller Center is second only to Hong Kong Island in the world, and it is super expensive.

The rent for this office building we rented is US$176 per square foot per year, and the property and other services costs are close to US$200.

This office building is equivalent to 102 square meters of area, and the annual rent plus service fee is 220,000 US dollars.

The office we rented before was less than $100,000 a year."

Gao Yang smiled and said, "Sister-in-law, you spend 120,000 US dollars a year. The company's image is very different. Besides, we are not short of this little money, so don't worry."

Just kidding, in the past two or three years, Titan Fund and Android account have made a net profit of US$200 million in US dollars in US stocks, spending more than 120,000 US dollars in office rent in more than a year. Can this amount of money be called money?

Chen Lan naturally understood what Gao Yang meant.

This time, if the subprime loan is successful, Titan Fund will have the capital to buy office buildings directly.

There are only 8 employees of Titan Fund, 5 of which are Chinese. The head of the company is named Huang Yi, and the English name is Benjamin, or the nickname is Ben.

Huang Yi is 27 years old and has a master's degree from the School of Finance of Colombia University. His hometown is in Zhejiang Province. He is a fellow villager with Chen Lan.

When Gao Yang heard Huang Yi’s English name, he was very happy. The master behind the movie “Big Short” was also named Ben.

Huang Yi led Gao Yang and his party into an independent office of about 20 square meters, and reported: "Mr. Gao, this is the temporary office prepared for Professor Qin."

The office is equipped with a sofa, tea tray and tea set, three computers on the desk, a lot of information in the bookcase, and a set of mini speakers, all arranged according to Qin Xianglin's requirements.

Gao Yang looked at it and asked, "Professor Qin, do you think there is anything else you need to buy?"

Qin Xianglin said: "No, it's great."

Qin Xianglin sat down and checked the various securities market data on the computer, as well as Chen Lan arranged and Huang Yi and others to track the situation of the markets such as CDO, CDS and MBS collected.

In the next three days, Qin Xianglin will work in this office, analyze these data in his own way, query relevant market information, and provide trading strategy advice for Titan Fund.

During this trip to the United States, Qin Xianglin's remuneration was $500,000, which was paid by Titan Fund.

At noon, Chen Lan and Wu Fei arranged for a meal together, and in the afternoon, Qin Xianglin started working. If necessary, Huang Yi and a Chinese girl were on call.

In the past few days, we have to wait for Professor Qin to complete the data analysis. Gao Yang and others have nothing to do, so Chen Lan will accompany him to visit New York.

I found a travel agency and arranged a 12-seat van to visit famous New York attractions.

After arriving in the United States, Gao Yang gave up the outdoor running all morning and night and switched to the hotel gym.

Every day, Chen Lan will accompany him to taste some delicious food, and Wu Fei will accompany him when he has time.

Gao Yang did not disturb Qin Xianglin, and Huang Yi was responsible for picking up and dropping off the professor every day.

In the evening, Qin Xianglin came back late and worked overtime until around 9 o'clock every night.

After 5 pm on January 25, Qin Xianglin got off work early and returned to the hotel. He had dinner with Gao Yang and others in the evening.

When he saw Gao Yang, Qin Xianglin spoke and said, "Gaoyang, Wall Street is even more crazy than I thought..."
Chapter completed!