As soon as the interview was over, Mo Zhexuan did not perfunctorily ask the other two male interviewees to go back and wait for notification, but explained the situation directly.
Only then did he return to the conference room to congratulate the admitted students, Li Tianli and Wang Huizhi, but also explained that there would be a one-month probation period.
"Mr. Mo! It's an honor to join your company. I will definitely put all my abilities into my work."
When Li Tianli learned that he was admitted, a hint of joy appeared on his calm face and he quickly stood up to express his opinion.
"Mr. Mo! Ruitai Securities is a new starting point in my life. I won't let you down."
Wang Huizhi's worried face also showed a hint of joy. She tried every possible means to become a fund manager for the high salary and commission. Otherwise, who would choose to change jobs?
"Please don't be polite. For the next month, I need to see what you are capable of. Whether you can stay here depends on your ability."
After Mo Zhexuan asked the two to sit down, he signaled with his eyes to Wang Pengfei who was holding a pile of documents beside him.
"Manager Li! Manager Wang! This is your probationary period contract. Once you sign it, you'll be employed by Ruitai Securities."
Wang Pengfei handed over the probationary period contract that he had prepared long ago. After the two of them carefully read and signed it, he took out two thick confidentiality agreements and said:
"This is the company's confidentiality agreement. As senior executives, you will be exposed to a lot of confidential information, so you must sign it."
Li Tianli and Wang Huizhi are both elites who have been in the workplace for many years. They naturally know that this is a necessary procedure, but they will not sign blindly. Instead, they read it word by word.
If there were any unreasonable parts in the agreement, he would point them out immediately. Only after confirming that they were correct would he sign his name smoothly.
"Manager Li! Manager Wang! Congratulations on becoming a member of Ruitai Securities."
Mo Zhexuan shook hands with both of them with a smile on his face, and then picked up the last two documents on Wang Pengfei's desk.
Among them, the Ruitai No. 1 Fund Plan was handed to Li Tianli, and the Ruitai No. 2 Fund Plan was handed to Wang Huizhi.
After Li Tianli and Wang Huizhi received their respective plans, they read through them quickly and were deeply shocked after finishing them.
"Mr. Mo! Private equity funds have always been unpopular with Hong Kong's wealthy due to their lack of transparency. Furthermore, you're taking a cut of the profits through gambling. This is too risky."
Li Tianli immediately raised his questions, especially after seeing the profit-sharing plan of the gambling method.
I was even more frightened, and deep down I could only sigh that this was either formulated by a madman, or it was the self-confidence of a genius.
"Manager Wang! Do you have any questions? I'll answer them for you." Mo Zhexuan asked quickly, looking at Wang Huizhi who seemed to be hesitant to speak.
"Mr. Mo! Isn't the preferred rate of return you stated here too high? Conventionally, the annual compound rate of return promised to investors is 8%, but the preferred rate of return stated here is 12%. That's way too high!"
After hearing this, Wang Huizhi didn't care about anything and quickly expressed her doubts.
Here we have to introduce the difference between private equity funds and public equity funds.
Simply put, the requirements for public funds to raise funds are very strict, and there are strict procedures. At the same time, the investment funds must be announced to the public within the specified time, and there are strict restrictions on the types and proportions of investments.
Private equity funds do not have so many approval processes when raising funds, and can raise funds from specific institutions and individuals. This is an essential difference. At the same time, the types of investments will not be restricted based on the agreement signed in advance.
There are two ways to share profits from private equity funds: one is the principal priority return model, and the other is the project allocation model.
The difference between the two models is that one is to distribute according to the total income of the fund's investment in various projects, and the other is to distribute according to a certain project invested by the fund.
Mo Zhexuan adopted the first model of returning the principal first, but added a profit-sharing model of gambling on top of this model.
Generally, after the closed period of a private equity fund expires, the first step is to repay the investor's principal and other investment expenses, as well as the fund company's management fees, etc.
Next, it will be calculated whether the money in the fund account has reached the priority rate of return, which is 8%. If it is lower than this ratio, the fund company will advance the money itself to compensate the investors for their losses.
On the contrary, when the priority return rate is higher than 8%, the fund company will extract 20% of the profit based on the priority return rate of 8%.
This is the operating procedure of the first principal priority return model of private equity funds. However, in order to pursue greater profits, Mo Zhexuan raised the priority return rate to 12%.
Of course, as the priority return rate increases, we will no longer use a fixed 20% commission rate, but will instead add a gambling commission model.
If the investment return rate is below 25%, Ruitai Fund will receive a 20% commission after deducting the investor's principal and the priority return rate.
The investment return rate is between 25% and 35%. After deducting the investor's principal and the priority return rate, Ruitai Fund will receive a 30% commission.
The investment return rate is between 36% and 45%. After deducting the investor's principal and the priority return rate, Ruitai Fund will receive a 40% commission.
The investment return rate is between 46% and 55%. After deducting the investor's principal and the priority return rate, Ruitai Fund will receive a 50% commission.
Thereafter, if the investment return rate is above 55%, Ruitai Fund's 50% commission will remain unchanged after deducting the investor's principal and the priority return rate.
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