Chapter 600 Bill Ackman

Huang He did not hide his identity when he appeared, and the reason was simple. It wasn't that Huang He didn't want to show off, but that he couldn't anymore.

With the exposure of the technology behind the Jiangnan server and Jiangnan Optoelectronics, Jiangnan Technology had become the focus of countless technology and financial companies worldwide.

They had to get to know Boss Huang.

Technology companies, coveting the storage chip technology and the mysterious natural chip technology in Boss Huang's hands, had to be aware of the name Jiangnan Group and remember Huang He's face.

As for financial companies, countless firms were vying for the underwriting rights for Jiangnan Group's IPO. According to many financial companies' estimations, if Jiangnan Group were to go public, especially on the US stock market, it would have a market value of at least 30 billion US dollars. As the underwriter for this company's IPO, the profits would be in the hundreds of millions of dollars, a piece of cake that no one could ignore.

More importantly, if Jiangnan Group could go public, and especially on the US stock market, then various US companies would have a way to infiltrate Jiangnan Group. As long as their shareholding reached a level that could control the board of directors, they would be able to openly obtain all the technological data of Jiangnan Group and unravel the mystery that had puzzled countless tech companies.

Therefore, financial companies also had to get to know Boss Huang.

So, when Huang He suddenly appeared at Buffett's charity gala, all the representatives from financial companies present were shocked. They crowded around Boss Huang, eager to get acquainted with him and inquire about the possibility of Jiangnan Group going public.

As for young Swift, he was now an irrelevant figure. No one paid attention to him, but that was exactly what young Swift wanted. He was happy to be ignored, allowing him to quietly drink his ice cola by Boss Huang's side.

However, young Swift's good days didn't last long. He heard a voice he found incredibly annoying. A man suddenly pulled out a business card and handed it to Huang He, saying, "Huang, I'm Bill Ackman. I assume you've heard of my name. I will be your best partner and solve the crisis your investment fund is currently facing!"

"Bill Ackman!" Hearing the name, young Swift became incredibly alert, as Bill Ackman was quite famous on Wall Street.

Bill Ackman was a renowned fund manager and trader on Wall Street. He officially started operating a fund in '94, constantly achieving various brilliant feats during that period, though there were also various failures. However, overall, he had more wins than losses, rising from an unknown in the industry to become one of the famous fund managers.

What truly made him a famous fund manager was his short-selling action against MBIA Inc. in 2001.

Starting in 2001, he realized that the company had serious credit asset quality issues, contrary to what the outside world believed.

During this period, Ackman continuously increased his short positions. He engaged in various complex battles, and the stock of this company fluctuated constantly. There were too many legendary stories throughout the process, which are still often talked about by investors today.

However, Ackman eventually got lucky, as the subprime mortgage crisis arrived.

Although the subprime mortgage crisis generally began to erupt in '06, American municipal bond insurance companies unfortunately collapsed in '03, becoming the first major casualty of the subprime mortgage crisis.

During this short-selling process, the fund managed by Bill Ackman profited a total of 1.4 billion US dollars, achieving an astonishing return of over 10 times, becoming one of the legends in the industry.

Not to mention that he was still so young at the time, only in his early thirties.

It could be said that before young Swift, Bill Ackman was the most dazzling young figure on all of Wall Street.

Unfortunately, Bill Ackman's actions also offended some powerful entities, leading him to be investigated frequently. This not only exhausted Bill Ackman physically and mentally but also caused panic among the fund's investors.

These investors successively withdrew their capital, and eventually, the entire fund had to be closed down. Bill Ackman had helped these investors earn 1.4 billion US dollars, yet in the end, he was unceremoniously abandoned by them.

Currently, Bill Ackman still manages a small fund with a capital scale of tens of millions of US dollars, but such a fund clearly cannot satisfy Bill Ackman's increasingly voracious appetite and the immense greed in his heart.

Any excellent fund manager must be an extremely greedy person, otherwise, they cannot become an excellent fund manager, and Bill Ackman is no exception.

He desperately needed to find a new large fund to realize his ambitions. However, Wall Street was currently a place where every position was filled, and every large fund had its own manager. Unless there were major changes with these managers, no fund would be willing to take on the huge risk of replacing their fund manager.

Not to mention someone like Bill Ackman, an investment manager known for his radical and bold approach.

Even from a distance, Bill Ackman and young Swift were very similar individuals. Both of them made very large investments and liked to short-sell, achieving fame through short-selling.

Moreover, he preferred to focus on a single stock rather than diversify to dilute risk.

Naturally, Bill Ackman set his sights on young Swift, who was as famous as him, and even slightly surpassed him.

Young Bill Ackman had heard a legend that the controller of the currently red-hot Western Mustang Fund was actually an Easterner from China. He was the controller of Western Mustang Company, and young Swift was just one of his subordinates.

At first, Bill Ackman scoffed at this claim. Only after his failure did he start to investigate the subsequent equity, and he truly discovered Huang He's name.

Now that Huang He and young Swift were appearing together at this investment feast, Bill Ackman was certain that Huang He was indeed the boss of the Western Mustang Fund.

This gave Bill Ackman a bold idea: to replace young Swift and become the manager of the Western Mustang Fund himself, controlling this behemoth with a total capital of 20 billion US dollars.

Bill Ackman felt that his chances of success were quite high. After all, young Swift was currently facing a huge failure, and his nickname "Lucky Kid" was widely known. Huang He must have seen through young Swift's facade and realized that he was just a lucky person without real ability.

On the contrary, Bill Ackman's ability was visible to all, and it was the strength he had accumulated over more than a decade of working on Wall Street. Everyone could question Bill Ackman's character, but they absolutely could not question Bill Ackman's investment ability. Therefore, he believed that as soon as he extended an olive branch to Huang He, Huang He would definitely accept him.

It was precisely for this reason that upon hearing Bill Ackman's offer to defect, young Swift looked at Huang He with some trepidation, fearing that Boss Huang might impulsively replace him.

He knew himself best. While many people now called young Swift the "Lucky Kid," it wasn't definitively proven, and many still believed that young Swift possessed real ability.

But young Swift himself knew that he was just a nobody, a mouthpiece. All his investments were made under Huang He's remote control. Similarly, Huang He knew this even better than he did.

So, when a genuine investment genius like Bill Ackman came to surrender willingly, and the Western Mustang Company was facing losses, it seemed natural for Huang He to accept Bill Ackman's allegiance.

At that time, his own fate seemed sealed!

"Thank you very much for your recognition!" Huang He said with a gentle smile after hearing Bill Ackman's words. "However, I believe Mr. Swift is a very outstanding investor. Although he is currently facing difficulties, he can still lead Western Mustang Company through them and earn more profits for the fund's investors. I have always believed that he is one of the best investors in the world!"

"Boss!" Young Swift looked at Huang He with gratitude, while Bill Ackman shrugged with a wry smile. However, he did not press the matter further, shook hands with Huang He, and left.

"Huang, Ackman's character may be questionable, but his ability is undeniable!" some investors nearby said. "You shouldn't have rejected him!"

"I think young Swift is more outstanding!" Huang He said without hesitation, causing the surrounding investors to gape. Bill Ackman, who hadn't gone far, visibly trembled.

Hearing Huang He's words, those surrounding him felt speechless, only able to inwardly lament that this Chinese person was indeed a financial ignoramus for trusting a black man.

Well, for a yellow person to trust a black person, for people of color to stick together, that also seemed like a very normal market phenomenon. They were all idiots!

While they thought this in their hearts, they naturally didn't say it out loud. Instead, they each found an excuse and left.

It was at this moment that the host of the gala, Buffett, finally appeared in the steakhouse. Everyone immediately crowded around him, and Huang He was left completely alone.

However, he was happy with that. He took young Swift and together they retreated to a corner to eat spaghetti.

Well, the steaks at this steakhouse weren't very good, but the spaghetti was quite excellent.