章 207: Chapter 207 Wall
"Your Highness, I think you care too little about Argent Real Estate Group..."
After receiving the invitation from Viscount Bute, Barron once again came to his mansion in Chelsea, but he did not expect that the other party's first words would be this.
"After all, I am just a shareholder of Argent Real Estate Group, and you run the group very well, so there is no need for me to interfere."
Barron glanced at the Viscountess who was sitting beside him and reading a fashion magazine, and said:
"And the last time I invested, it seemed that Mr. Viscount didn't want me to interfere too much in the affairs of the real estate group..."
"How could that be? There must be some misunderstanding. Your Highness, I hope we can be close partners..."
Logically speaking, Viscount Butt was not unaware of the relationship between him and the Viscountess, and now the Viscountess's belly... although it is not particularly obvious, it would be ridiculous to say that Viscount Butt could not see it.
So what does his attitude today mean?
When Barron asked Chris about this issue earlier, she didn't say much, but just said some mysterious things. To sum up, she meant that there was no need to worry about these things.
When Viscount Bute said at the end that he hoped to maintain a "close partnership", his eyes were on the Viscountess, or more precisely, on the Viscountess's belly...
He was a little excited at this moment, and his face was slightly flushed, which made Barron feel a little strange.
"Since we are partners, we need to trust each other. I don't want to hide anything. I don't want it to happen again, just like what happened before. I don't have any idea about Argent Group. It's just a financial investment."
"I believe we will become the closest of partners, Your Highness. There is one more thing I hope to get your help with..."
Seeing Barron's inquiring look, Viscount Bute said:
"It's the employee pension fund of our Stuart Mining Group. Some of the funds need to be reinvested. I heard that DS Capital has launched a new fixed-income fund product with guaranteed principal. I wonder if we can provide it to this fund?"
Huh? This is not a request, it's clearly a gift of money to me!
"How much is the amount?"
"100 million pounds..."
After a brief introduction by Viscount Bute, Barron learned that the employee pension fund of Stuart Mining Group had suffered losses last year due to previous investment mistakes, which reduced the average annualized investment return rate for nearly five years to less than 3%...
It is no wonder that he took a fancy to the fixed-income fund products of Athena Fund, which guarantee principal and have a yield of 10%-15%, much better than the investment performance of their employee pension fund.
Here I would like to introduce the pension system in the UK. Currently, it is a three-pillar pension system consisting of national pensions, occupational pensions and personal pensions.
The national pension is a public pension that provides basic retirement income security; private pensions, consisting of occupational pensions and personal pensions, shoulder the important task of increasing the pension replacement rate and further improving the quality of retirement life.
The so-called occupational pensions are provided by employers to employees, who jointly pay contributions and enjoy tax benefits and implement an "automatic enrollment" mechanism.
Personal pensions are structured as trusts and are voluntary, usually signed directly between individuals and pension institutions.
Simply put, for employees with legitimate jobs, a portion of their income will be deducted and go into the national pension; then the company will deduct another portion, and the sum added to the portion paid by the company will go into the occupational pension.
These two are what employees with legitimate jobs must join.
If you want more pension after retirement, you can also choose to join the personal pension products of some retirement institutions.
The employee pension fund of the Stuart Mining Group mentioned by Viscount Bute is one of the occupational pensions.
As mentioned earlier, the Bute family initially became rich because they discovered a large number of coal mines in Wales, making them one of the richest families in the world at that time.
The company that mined Welsh coal at the time was the predecessor of the Stuart Mining Group.
Later, after the coal mines in Wales were exhausted, the Stuart Mining Group began to seek development elsewhere. Currently, the mining resources they are involved in include coal, copper, iron ore and many other types. They have mines in Britain, Australia, Africa and other places.
Although the scale of Stuart Mining Group is far smaller than that of the top giants in the UK such as Glencore Mining Group and Anglo American, its scale is still considerable and it is one of the pillar industries of the Butt family.
The original surname of the Bute family was Stuart. After being granted the title of Marquis of Bute, they began to use Bute as their surname.
That's why the mining group they own is named Stuart...
It is also worth mentioning that Viscountess Chris's last name is also Stuart.
In fact, the Viscountess was related to the Bute family, but that was many generations ago.
Of course, this kind of thing is nothing among the nobility, not to mention between distant relatives who are separated by many generations, even between close relatives, it was very common among the nobility in the past.
The total size of Stuart Mining Group's employee pension fund exceeds 500 million pounds, but a company with a long history like this is not like the "young" Argent Property Group - they need to keep enough cash at all times to provide withdrawals for retired employees.
In addition, there are other investment allocations in progress, so the scale of funds that the Stuart Mining Group Employees Pension Fund is prepared to invest this time is around 100 million pounds.
"Your Excellency, I need to explain to you that our fixed-income fund products are not always able to guarantee principal. This is just a way to reassure investors in the early stages of the fund..."
The same is true for itself. The so-called "capital preservation" promise itself requires DS Capital to have assets sufficient to endorse it.
When the Athena Fund is below a certain size, DS Capital is fully capable of supporting such a guarantee. However, if the size of the Athena Fund reaches tens of billions or even hundreds of billions of pounds, which far exceeds the assets owned by DS Capital, even if they claim to "protect the principal", there will not be enough assets to endorse it.
"I understand. At least now I can protect my capital, right?"
After Barron introduced Athena Fund's fixed income products to Viscount Bute, Viscount Bute chose an investment method with a closed period of five years and an average annual return of 12.5% for the Stuart Mining Group's employee pension fund.
In this way, the size of the Athena Fund will increase from US$250 million to approximately US$400 million.
Just after Barron and Viscount Butt confirmed the matter, a young man with a handsome appearance walked up to Viscount Butt and whispered something in his ear.
Barron had very keen hearing and he vaguely heard the general content.
"Your Highness, I have to go take care of something..."
"Then I'll go back first. When the Athena Fund comes, I'll have the fund manager contact you."
Barron was about to leave when he heard Viscount Bute say:
"I have specially prepared a dinner to entertain His Royal Highness the Duke..."
He glanced at his watch:
"I will be back in about an hour. Chris, please chat with His Royal Highness the Duke first..."
After hearing what Viscount Bute said, Barron looked at Chris and felt that the emotions revealed in her eyes were very intriguing.
"What's going on?"
After Viscount Bute took the young man out of the reception room and closed the door, Barron looked at the Viscountess who was not far away and asked softly.
"Can't you guess it?"
The Viscountess put down the magazine in her hand, with a ripple in her beautiful eyes:
"Do I need to remind you?"
Thinking of what the Viscountess had told him before about Viscount Bute, and his performance today, Barron had some guesses, but he was still not sure...
After all, I have heard of perverted things, but I never thought I would actually encounter one...
At least I didn't expect this scenario...
While Barron was thinking about this, the Viscountess had already taken action...
She whispered in Barron's ear:
"I'm carrying your child. You want him to help you raise the child. Don't you want to give him a little sweetness?"
"Is this his purpose today?"
The Viscountess smiled slightly, then lowered her head and began to use her eloquence to persuade Barron...
At the same time, Barron vaguely heard heavy breathing behind the wall somewhere in the room.
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