My Age of Investment

  Chapter 221 Suspected goods are the buyers (Deepwater Dead Cat Leader 410)

  "Mr. Xia, I don’t care what strategy you use, or how many fund units you subscribe to. I only care, can I make money if I subscribe to your fund?"

  A middle-aged Chinese man in his fifties with a Mediterranean hairstyle looked at Xia Jingxing with a smile on his face, and glanced left and right: "I believe everyone has the same idea as me, right?"

  Others immediately echoed: "Right right~"

  Xia Jingxing frowned, and soon stretched out again, with a faint smile: "I can't guarantee the rate of return!

  In fact, no hedge fund dared to guarantee customers how much they would earn.

  Investment is a risky thing, there is no reason to make a steady profit without losing money. "

  The group of Chinese in front of him, he has also learned that whether they open a Chinese restaurant or do a trade business, they all have one thing in common-the culture is not very high.

  In fact, if Chinese people want to study in American universities, they need to work harder than whites and blacks, because many universities have restrictions on the admission ratio of people.

  Needless to say, white people, black people often make troubles, and they have also increased their admission rate.

  Only Asian, you can knead as you want.

  Because these people are not highly educated, they may have only traded in US stocks and never bought private equity funds or hedge funds, so Xia Jingxing also patiently explained to these people.

  Other white fund managers, hearing these people in front of them say such things, may turn around and leave.

  He can't, because more investment can make more money by himself.

  It’s okay to explain a few more words, after all, starting a business is not easy, and giving others a chance is also giving yourself a chance.

  Mediterranean hairstyle man smiled and said, “I’ve read reports that the cumulative return of the Renaissance Medal Fund over the past 11 years is 25 times.

  There are past achievements. Even if they do not promise to give customers a rate of return, customers are more assured to put their money in the hands of this famous fund.

  Mr. Xia, you have to show us, how do we trust you and believe that you can make money for us? "

  Liu Jinhang smiles awkwardly, Chinese and ethnic Chinese have always been conservative.

  Even if they have money, they use it to open stores, buy land and buy properties, and invest in some traditional businesses.

  First Securities has also tried to cooperate with private equity funds before, trying to help private equity funds raise funds from Chinese investors.

  But the effect is not very good!

  Many ethnic Chinese are too conservative in their attitudes and don’t worry about giving their money to private equity funds.

  In fact, private equity funds, like most industries, follow the twenty-eight rule: 20% of the top funds make money, and 80% of the funds lose money.

  Some Chinese have suffered losses in private equity funds, and even the entire Chinese circle does not trust private equity funds so much.

  Xia Jingxing smiled and said: "The return rate of the medallion fund is amazing, and it's true!

  But do you know what their starting threshold is?

  Ten one million, or one hundred one million!

  The annual fund management fee is 5%, and the profit sharing ratio used to be 36%, but now it has risen to 44%. "

  Mediterranean hairstyle men stopped talking. According to their net worth, they couldn't afford the funds issued by the Renaissance.

  People are playing with big and huge wealthy people. They are little rich people.

  Xia Jingxing was not aggressive either. He glanced at the people around him and continued: "Mr. Liu has already introduced me just now. I can use 50,000 U.S. dollars and earn 25 million U.S. dollars in a year and a half.

  This is more than just luck! "

  Xia Jingxing pointed to her eyes, "It's here, it's the eyes!"

   "There is nothing to say, 25 million US dollars, we have to see it too!"

  Mediterranean middle-aged man did not go on, but the meaning was clearly expressed enough, and he felt a bit exaggerated and unrealistic.

Liu Jinhang glanced at the middle-aged Mediterranean man unhappily, and said with a serious expression: "I can prove for Mr. Xia that all this is true. The account opened by Mr. Xia in First Securities also used our financing services. "

  Xia Jingxing said: “If someone has the intention to learn more later, I can show him my securities account, which contains very detailed investment records.

   is true or false, at a glance. "

   "Mr. Xia, the amount of funds involved in hedge funds is larger, and buying and selling are more complicated. This is not as flexible as personal investment."

  Among the crowd, a middle-aged man with a mustache looks at Xia Jingxing.

   "It's really not as flexible as a small amount of funds."

  Xia Jing’s lingo changed, “However, if there are industry research and technical departments to provide support services, properly operated, more investment opportunities can be discovered.

  Moreover, compared with personal investment, hedge funds can use more and more abundant methods, including financial leverage, margin financing and securities lending. "

  The eight-character Hu man nodded and stopped asking.

Someone in the crowd asked: "Mr. Xia, do you really want to subscribe for 20% of the fund shares? If it is true, I am willing to invest one million."

  Xia Jingxing replied: “Of course it’s true. Everyone has to sign an agreement. If I fail to fulfill my obligation to contribute capital, everyone can hold me legally accountable.

  Currently, First Securities and the Stanford University Foundation have agreed to each subscribe for USD 10 million fund shares of Lixia Fund.

  If everyone subscribes for another 10 million US dollars, I will personally make up the remaining 7.5 million US dollars.

  A total of 37.5 million U.S. dollars, I personally contributed 7.5 million U.S. dollars, 20% of the ratio. "

  Many people nodded their heads, and they all agreed with this approach.

  Mediterranean middle-aged man suddenly jumped out again: "I have a question."

  Xia Jingxingxin said, Are you annoying, come here to smash the scene?

   But he still put on a generous look on his face, smiled and said: "Please say!"

   "Mr. Xia, you have 25 million securities assets, why don't you invest all of it in Lixia Fund?

  As long as you contribute half of this fund, I can rest assured that I can invest one million. "

  After speaking, the middle-aged Mediterranean man looked at Xia Jingxing with a smile on his face.

  He didn’t deliberately make trouble, but just wanted to insure his investment.

  If Xia Jingxing subscribed for half of the fund shares, he would really dare to invest, not just talking about it.

  The eyes of many people present brightened. This is a good idea. They all looked at Xia Jingxing, wanting to hear what he said.

  "This gentleman, is one million all your assets?"

  The Mediterranean man shook his head and laughed, "Of course not."

  Xia Jingxing continued: "I have the same idea as everyone. I also have other industries and other funding needs. Naturally, it is impossible to put all my cash assets into the fund.

  It is not that there is no confidence in the operation of this fund, but that there are other arrangements.

  The 20% subscription ratio is not a small amount, and to me, it is not a small amount of money.

  I will not make fun of my own money!

  Similarly, this is the first phase of Envision Capital's fund, and it will not make fun of the company's future and reputation. "

  In the crowd, everyone has different expressions, some people understand, some people question.

  From the perspective of doubters, I naturally hope that Xia Jingxing invests more in this fund, the better. In this way, Xia Jingxing can operate this fund harder for the sake of his own assets, and they can also make money behind.

  Xia Jingxing had already said what should be said, and he directly asked the bangs standing next to him to start collecting customer intent.

  If you are willing to learn more, leave a business card and discuss it in detail later.

  If you don’t want to know, just skip it.

  Unexpectedly, a middle-aged Mediterranean man actually handed a business card to bangs.

  Then, the middle-aged Mediterranean man walked towards Xia Jingxing and Liu Jinhang, who were watching the seascape in the distance.

  As soon as he walked over, the Mediterranean began to apologize: "Sorry! Mr. Xia, I may have a lot of questions, mainly because I have never invested in such private equity funds before.

  It was a friend of mine who had invested, and heard from him that he didn’t even get back one-tenth of the principal.

  Please don't mind!

   There is an old saying that goes well: the buyer is the buyer.

  You can ask Manager Liu to bring a securities account to me, as long as you confirm that "50,000 US dollars has become 25 million US dollars in a year and a half" is true, I will definitely buy your fund.

  And not only buy 1 million, I buy 2 million. "

  After speaking, the Mediterranean man walked away.

"interesting!"

  Liu Jinhang smiled and said to Xia Jingxing: “This man runs a Chinese restaurant, and I usually ask him to buy some First Securities’ bonds or mutual funds.

  Unexpectedly, I was convinced by you, and the price was 2 million US dollars. "

  Xia Jingxing thought about it seriously, and shook his head and burst into laughter.

  In his eyes, the opponent's originally ugly Mediterranean hairstyle has become cute now.

  People, that's so real!

  …………

  …………

Half of the dozens of high-net-worth customers introduced by Liu Jinhang to Xia Jingxing, that is, seven people expressed their intent to subscribe.

  The next work, Xia Jingxing was given full authority to Liu Hai.

  Liu Hai brought the "Partner Agreement" and related ancillary agreements to visit these intended customers one by one.

  Under the witness of the lawyers hired by the clients, Liu Hai signed relevant agreements with these clients on behalf of the company.

  The content of the agreement mainly includes: the investment objectives, strategies and risk factors of the fund; the status and rights of general partners and limited partners; whether financial leverage and proportional restrictions are allowed...

The   Agreement has relatively broad restrictions on the general partners’ fund investment objectives, so that the fund manager has sufficient flexibility to conduct investment operations and ensure the smooth progress of investment activities.

  The status of general partners and limited partners and whether the use of financial leverage is allowed must be clear.

  Because Lixia Fund is a hedge fund with a preference for stock investment, financial leverage is restricted and cannot exceed 20 times leverage.

  Like hedge funds that mainly play futures and foreign exchange, the leverage limit can be loosened to one hundred times or several hundred times.

  …………

  …………

  Envision Capital leased an office of about 200 square meters in Silicon Valley close to Facebook.

  Looking at the big characters "ProspectCapital" hanging on the front desk of the office, Liu Hai was very excited.

  Although the office area is not large and there are no employees, in his eyes, this is a new starting point for his life and career, and he can't help but give birth to a sense of heroism.

  He turned his head and asked Xia Jingxing, who was standing next to him, “Jingxing, now the company has been established and the office has been rented out. When will we start to show off?”

  Xia Jingxing waved his hand, "No hurry, what we have to do now is to set up the team frame first.

  What's more, the fund is still in the external fundraising period. After three months, when the hesitation period has passed, we will start investing again. "

  The reason for setting such a long hesitation period is mainly because Xia Jinghang's funds have not yet been in place.

  Because of the one-year lock-up period for block trades, he will not be able to invest money into the fund until early July.

  Now, I can only wait.

   Liu Hai calmed down, “Yes, let’s take advantage of this time to recruit people in place. Three months later, we will officially start work.”

  "The scale of the Lixia Fund is only 35 million US dollars, do you think it will be less?"

  Stanford and First Securities each invested 10 million US dollars, seven retail investors invested a total of 8 million US dollars, Xia Jingxing personal investment 7 million US dollars, the total size of the fund is 35 million.

   Liu Hai smiled and said, “A lot! I have learned that in the United States, a quarter of private equity funds have total assets of no more than 10 million U.S. dollars.

  They operate like a small workshop, usually working in an office with only one or two people.

   also does not set up its own research institution, relying more on external research information resources. "

  Xia Jingxing laughed, “We definitely can’t do that. Do you know why I want to locate Envision Capital’s office in Silicon Valley instead of San Francisco’s financial district?”

  　 is the fourth one. Weak and weak, do you still have votes?

  (End of this chapter)