Chapter 511: Making Friends



Only when Yang Jing got closer to the building could he feel the ancient atmosphere from it.

This is the taste of time, which is rare nowadays. Even in some ancient cities in China, it is rare to see buildings that are nearly a hundred years old.

This building is a typical Georgian-style building, which was derived from the Italian Renaissance style that was introduced to Britain in 1700. It adheres to the style of classical symmetry and harmony and has been popular in various British colonial countries for a long time.

This architectural style is the most influential one in the United States. Many old manors or villas in the United States are deeply influenced by this style. After all, most of the earliest Americans came from Great Britain across the Atlantic Ocean.

Obviously, when Andrew Mellon built this building, he was also deeply influenced by this architectural style.

The Georgian style pays the most attention to the "facade". Whether it is the main entrance or the porch, it has a low-key luxury.

A white couple was standing at the gate. The man was tall and a little fat, and the woman was a little thin, but had an excellent temperament.

"This is Mr. and Mrs. Skei." After Bloomberg whispered the introduction in Yang Jing's ear, he walked up to them enthusiastically.

"Hey, Michael, thank you very much for joining us for today's cocktail party." When Skaif saw Bloomberg, he came up to him happily.

After the two exchanged a few pleasantries, Bloomberg smiled and introduced, "Richard, let me introduce you to a friend. This is Mr. Cole Smith, the owner of KY Investment Fund. Cole, this is Mr. Richard Mellon Scaife, and this is his wife, the forever young and beautiful Ms. Elizabeth Scaife."

After hearing Bloomberg's introduction, Skaif's eyes suddenly lit up. He reached out and held Yang Jing's hand, shook it vigorously a few times, and said, "Cole, you don't mind me calling you that, do you?"

Yang Jing smiled and shook his head, "How could that be? My friends all call me that."

"Well, you can call me Richard like Michael, and my friends call me that too. It's nice to meet you, Cole. I've heard Michael mention you before, and it's my honor to finally meet you today."

Yang Jing smiled modestly, "Richard, you are too modest."

As for Yang Jing, Skaif was not being polite. In the stock market crash that broke out suddenly more than ten years ago, the Mellon family also suffered a lot of losses. If it were not for the KY investment fund that suddenly emerged and spent huge sums of money to repurchase stocks and led the market to stabilize and rebound, the Mellon family's losses might have been even greater.

Moreover, KY Investment Fund is now the largest investment institution of Alcoa and Pittsburgh Steel. KY Investment Fund's investment in these two companies controlled by the Mellon family has played a crucial role in stabilizing the companies' stock prices.

In particular, this KY investment fund knows how to advance and retreat, and it has a very good sense of proportion. Just like the shares of Alcoa, this investment fund could have bought back more shares of Alcoa during the stock market crash, but they stopped after buying about 65% of the shares. These shares have little impact on the Mellon family's control of Alcoa, but they have a great impact on ordinary shareholders and other investors.

The high-profile entry of such an investment fund with strong capital into Alcoa will play a leading role in helping ordinary shareholders and other investors regain confidence in Alcoa.

Although KY Investment Fund started acquiring shares when Alcoa's valuation fell by more than 41%, which made their acquisition costs very low, Scaife did not mind them doing so.

After all, KY Investment Fund is a private investment profit-making institution. Why would they buy your stocks if they are not making a profit?

Compared to the pull of KY Investment Fund on Alcoa's valuation, their purchase of Alcoa shares at a low price is nothing. If it weren't for them, Alcoa, with a market value of nearly 20 billion US dollars, would have plummeted 41%, which would have caused huge losses to the Mellon family.

It is no exaggeration to say that because of the emergence of KY Investment Fund, those large financial groups like the Mellon Group have to owe a favor to this fund, especially the old men from the Morgan family and the Rockefeller family.

If it weren't for this KY investment fund, not only the Mellon family, but also the Morgan and Rockefeller families would have suffered even greater losses!

It’s just that this KY investment fund that suddenly appeared is really mysterious. Whether it is the huge amount of rescue funds or the origin of this investment fund, they are all very mysterious.

The most important thing is that this investment fund rarely uses the accounts of those big banks in the United States. Most of their funds come from banks in Switzerland, so whether it is the Mellon family, the Morgan family, or the Rockefeller family, they can't figure out the specific information of this fund. They only know that this suddenly appeared investment fund currently has a huge amount of liquidity in several big banks in the United States.

Apart from anything else, the current market value of the stocks of the 27 companies controlled by this fund alone is already an extremely terrifying number.

Therefore, both the Mellon family and several other major financial groups are extremely interested in this investment fund that is now powerful enough to influence the form of Wall Street.

Unexpectedly, the owner of this mysterious fund showed up here.

It was also Bloomberg's fault that when he asked for the invitation, he didn't tell Skaif who the invitation was for. This guy just wanted to give Skaif a surprise, and sure enough, the surprise was very disappointing!

Scaife also really wanted to make friends with this mysterious man with amazing wealth.

This chapter is not finished yet, please click on the next page to continue reading the exciting content!

Continue read on readnovelmtl.com


Recommendation



Comments

Please login to comment

Support Us

Donate to disable ads.

Buy Me a Coffee at ko-fi.com
Chapter List