My Age of Investment

  Chapter 1029 Tiger Asia

  The next day.

  Abel flew to Hong Kong suddenly, and when he got off the plane, he went straight to the office on Hong Kong Island in the second phase of the IFC. He was accompanied by a middle-aged Asian man.

  As soon as he walked into Xia Jingxing’s office, Abel smiled and introduced the man next to him, “Dalun, I will introduce you to a new investment star who invested in Asia’s largest hedge fund, Bill, the founder of Tiger Asia.”

Xia Jingxing scanned the eyes of the forty-year-old man with a big pie face and small eyes, and the more he looked at it, the more familiar he became. If the other party cuts off a long flowing hair and takes off his glasses, he will be a living Xiaoyue. Yue ah.

  Xia Jingxing handed it out: "Bill, it's nice to meet you. I know you are a big man by your name."

Bill shook hands with Xia Jingxing with a smile on his face, and then introduced himself in English, speaking very slowly: "Dalun, I am a Korean American with a surname of Huang. If translated into Chinese, it is called Huang Shengguo. You can call me Huang or Bill. ."

  Xia Jingxing chanted "Bill Huang" several times in his heart, and then warmly greeted Bill Huang and Abel to sit on the reception sofa, and asked Liu Xiaoduo to make three cups of coffee, and chatted with them slowly.

   "Abel just said that you are the founder of Tiger Asia. Are you..."Tiger"?"

  Bill Huang smiled and said: "Yes, I used to be an employee of the Tiger Fund. After the fund was closed in 2000, Mr. Robertson invested US$20 million in me..."

  Through Bill Huang’s introduction, Xia Jingxing learned the story between the other party and the Tiger Fund.

  Bill Huang was born in a Korean pastor's family. After graduating from high school in Seoul, he came to UCLA to study economics. After graduation, he went to Carnegie Mellon University to study for an MBA.

   later became a stock salesperson in the New York office of Hyundai Securities. He was appreciated by Tiger Fund founder Julian Robertson when he promoted the stocks of Korean companies. He was dug into Tiger Fund and taught carefully.

Robertson and his Tiger Fund are well-known legends in the hedge fund industry. The old man founded the Tiger Fund in 1980 with a principal of 8 million U.S. dollars. In 1998, the asset management scale rose to 21 billion U.S. dollars, becoming a global scale in the 1990s. One of the largest hedge funds.

How powerful is   ? The Tiger Fund has an annualized return of 32% after deducting all fees, while Soros's Quantum Fund has an annualized return of 30%, and Buffett's Berkshire Hathaway has an annualized return of only 20%.

However, because the Tiger Fund was a year ahead of schedule, it began shorting technology stocks in 1999, resulting in a lot of losses. Before the dot-com bubble was burst in 2000, he died before breaking out. Robertson reluctantly shut down Tiger. fund.

  But this old man did not choose to withdraw from the arena. On the one hand, he used his family funds to continue investing; on the other hand, he invested in new funds established by the original employees of the Tiger Fund, such as Tiger Global, Tiger Asia...

According to statistics, employees who have worked for Tiger Fund have set up 73 hedge fund companies, which can be called the Whampoa Military Academy in the hedge fund industry. 38 companies have also received investment from Robertson. These new funds incubated by Tiger Fund. People in the arena are called "tiger".

  As soon as I heard that I was born in the Tigers, my colleagues in the financial industry would immediately take a look, because it is too starry and the success rate is too high.

   After listening to Bill Huang’s introduction, Xia Jingxing nodded secretly. The Korean didn’t discredit his teacher.

  He founded his own hedge fund in 2001 with the US$20 million seed investment Robertson gave him. The fund is headquartered in New York, but mainly invests in the Asian market.

  Now this fund called Tiger Asia has achieved an asset management scale of 5 billion US dollars, which can be regarded as a medium-to-large fund.

  And last year, the annualized rate of return of the entire fund reached 55%, which stretched to a seven-year duration, and the average annualized rate of return reached 40.4%. The results are very impressive.

  "Bill, did you come to Hong Kong to investigate the market?"

  Bill Huang Chao Xia Jingxing nodded, "Yes, I am very optimistic about the Hong Kong stock market and plan to set up an office here to invest in Hong Kong stocks nearby."

Abel next to    answered, “I met Bill at a financial party in New York before, and this time I ran into him on the plane and we chatted together.

  He heard that you are in Hong Kong, so he came to visit you specially. "

Bill Huang nodded his head, then looked at Xia Jingxing sincerely, "Yes, Darren, you are the best yellow guy in finance. I really want to know you. If I can talk to you about investment, that's me. It's an honor."

  Xia Jingxing laughed, he still has a little brother?

  However, he didn't believe that Bill Huang simply wanted to know himself.

   "Bill, you are also a very good fund manager. If you are based in Hong Kong in the future, we can have a party together."

  Bill Huang was full of joy, "Really? This is great! Thank you, Darren."

  Xia Jingxing didn’t inquire about Bill Huang’s plan to come to Hong Kong. He chatted with each other happily until noon, exchanged each other’s investment philosophy, and finally had another lunch together and said goodbye to each other.

  At the time of parting, Bill Huang also invited Xia Jingxing to attend the opening party of the Tiger Asia Hong Kong office, and Xia Jingxing agreed.

  After returning to the office, Xia Jingxing asked Abel for more inside information.

  "Do you want Daxue No. 2 hedge fund of funds to invest in Bill Huang's Tiger Asia Fund?"

  Abel grinned, an expression that can't hide anything from you.

  Xia Jingxing was silent, Huzai series of funds. He is most familiar with Tiger Global. This company not only has hedge funds, but also equity investment funds, and has invested in many domestic unicorn companies, such as ByteDance.

  But Tiger Asia, he is not very clear, and his impression of Bill Huang is also limited to the other person who looks like Xiao Yueyue.

  He can feel that this person is very low-key, because the fund has reached a scale of 5 billion US dollars, and there is even a bit of unknown appearance. At first glance, he is an investor of the ascetic group.

  This is actually normal. People who do finance like to keep a low profile, because trading is more advantageous! People like Soros and Paulson can't enter the village in a low-key manner.

   Judging from Bill Huang's record in the past seven years, this is an investment master with not weak ability and vision.

  Xia Jingxing thought about it, but decided not to interfere too much with Abel’s management of the fund of funds, and asked, “How much do you plan to invest in him?”

   "Not much, invest 100 million US dollars."

   Abel shook his fingers and counted, “The fund of funds is only 500 million U.S. dollars. Although Bill Huang's past performance is good, he can't invest all his money in him. The 20% position is almost the same.

  In addition, our fund of funds has also invested in a series of sub-funds such as Greenlight Capital and Global Investment.

  Oh, by the way, for the Snow Lake Capital you introduced to Dai Lun, we still have to invest 20 million US dollars in them.

  I came to Hong Kong just to meet the young man you mentioned-Ma.

  If he is really good, he can invest several times more funds. "

  Xia Jingxing smiled. "Ma" is Ma's own name. Zhang Sanshi introduced a young man who wanted to start a business in the hedge fund field.

  Xia Jingxing knows that this young man has potential, but he has no idea what the performance of Snow Lake Capital can achieve in the first few years of its establishment.

  If you don’t use your own funds to train the other party, you can only let the fund of funds managed by Abel be a guinea pig.

  Fortunately, US$20 million is not much. If it is messed up, it will not have much impact on the overall performance of the fund of funds.

  The fund of funds business was originally an experimental business of Envision Capital, and even Xia Jingxing himself was ready to lose money and fame and make his debut.

   Thinking of this, Xia Jingxing didn’t think much anymore, and replied: “As I said before, it’s up to you to decide, and you will bear the consequences if you lose or earn.

  Ma’s self-named 20 million dollars was requested by me, so I don’t have to count it in your assessment. "

  Hearing the word "assessment", Abel's face suddenly drenched, and then his whole body quickly relaxed again.

  Bill Huang's level is absolutely not bad, and the boss himself said that none of the people named Bill is simple.

  Thinking of this, Abel felt that he would have to get closer to Bill Huang in the future. Maybe the hope of his own rise in the future fell on this man.

  　 is still one chapter short, I will fill it up tomorrow.

  (End of this chapter)