My Age of Investment

   Chapter 727

  "Boss, don't worry!"

  Abel patted his chest with a "bang-bang", "You give me a PE fund, and I will definitely give you the most beautiful investment answer sheet.

  Love can be wrongly paid, but the trust of the boss must not be disappointed. "

  Xia Jingxing smiled at "Haha". He knew that Abel was a self-motivated person, but he didn't expect that his face would be so thick.

  He didn't even say who was appointed to manage this second PE fund, and Abel came up.

  Also love can be wrongly paid, absolutely a scumbag!

   "Okay, I have already felt your professionalism and your feelings of repaying you."

  Xia Jingxing hurriedly raised his hand to stop, otherwise he believed that this guy could say more nasty things.

  However, he is not a foolish monarch. How could he have given such an important position after hearing a few flattering words.

  The money he wants to set up a second PE fund, but it’s all hard money and can’t be spoiled at will.

  "The scale of asset management for this second fund will definitely be higher than that of the Liqiu Fund. It is not impossible to reach 2 billion US dollars and 3 billion US dollars."

   Hearing the words, Abel had a pleasing smile on his face, and kept nodding, "That's it, boss, but you are the man who wants to step on Schwarzman and punch Henry Kravis."

  "Well...stop...the galaxy will be out of the galaxy again. We are now less than one-fifth of the size of others, so we still have to keep a low profile."

  Xia Jingxing is a little self-aware, KKR officially entered China last year, and the Asian Phase I fund raised by it is as high as 4 billion US dollars.

  What can you compare with others, a fund is bigger than their company!

  "The time when the second PE fund was established may be placed next year or the year after."

  Abel was taken aback for a moment, and asked, "Why?"

"Why?"

  Xia Jingxingxin said, it’s not because your boss is shy in my pocket that I can only fill up your hunger by drawing pie.

  But he didn't intend to say these words to Abel, so he changed his rhetoric.

  "The company has recently raised a US$3 billion hedge fund and is going to conduct a major financial action. When this action is over, part or all of the funds will be transferred to PE funds..."

Xia Jingxing has already made plans. When the subprime mortgage crisis breaks out and the price of high-quality assets plummets, he will go to the bottom to buy a batch of cheap and undervalued assets. After a wave of reforms, he will relist or exit through mergers and acquisitions, which will completely start the PE fund of Vision Capital. Signboard with gold letters.

  When the time comes, he will receive all the funds that are heard by the wind.

  Take the money of capitalist countries to build a third world country. Great love is boundless, and the brilliance of human nature shines everywhere.

  As soon as Abel heard that the company was about to form a $3 billion hedge fund, he was a little tired just after getting off the plane, and he instantly became drowsy.

   "Such a large scale? Boss, you are going to kill the rhythm of Wall Street!"

  Abel is very witty. The boss didn't say what financial action was, so he didn't inquire about it.

  Xia Jingxing was about to speak, when Liu Xiaoduo opened the door and walked in with coffee.

  Wait for her to put down her coffee, take the door and leave.

  Xia Jingxing said to Abel, who was sipping coffee and refreshing: “This 3 billion US dollars will form a fund of funds called Daxue. You will be the fund manager. You will let go of the work of the summer and Liqiu fund.”

  Abel is a little uncertain, is he a nominal fund manager?

  The reason why he thinks this way is because he is in charge of the two largest funds of Vision Capital, which together amount to more than two billion US dollars. However, the money has been spent, and he cannot be controlled by him. He is a polished commander!

  In fact, the fund of funds is not for nothing.

  Sub-funds inspect the projects and founders, while the fund-of-funds inspect the fund managers of the sub-funds.

  A normally operating fund of funds may invest in ten or even dozens of funds to achieve the purpose of diversifying risks.

  For example, a sub-fund invests in 10 projects, a fund of funds invests in 10 sub-funds, and indirectly holds 100 project equity.

  Statistical results show that, taking venture capital as an example:

  The probability of investing in a single project to face a loss is about 42%;

  The probability of a single fund facing a loss is 30%;

  But investing in FOF private equity funds of funds, the probability of facing a loss is only 1%.

  However, these are all other people’s funds of funds.

  Vision Capital’s fund of funds is nominal, and Chushu Fund only invested in an external sub-fund of Gaoling Capital.

  This is because Xia Jingxing does not think that other fund managers understand investment better than him.

  The newly established Daxue Fund will also not look for an external fund manager, and will digest it all internally.

The reason why    walked like this is also to cover people's eyes and ears, vests and vests.

  Xia Jingxing looked at Abel who was as listless as a frosted eggplant, and said with a smile: "If you do this task well, I will consider giving you the second PE fund for management."

Abel immediately returned to his blood and put on an expression of joy, "Boss, I was actually thinking about how to do a good job. The figure is 3 billion US dollars. This number is too big, and my heart is heavy. It's all right. My trust."

  Xia Jingxing smiled, "Okay, our company needs employees who are brave enough to bear pressure like you."

  Abel smiled "hehe", which is regarded as accepting the praise of the boss.

   After joking for a while, Xia Jingxing went on to talk about his deployment.

  "The company has arranged to search for acquisitions of micro and small hedge funds in troubled operations across the United States. The main body of initiating acquisitions will be various offshore companies established in the Cayman Islands.

After the completion of the acquisition, Daxue Fund will inject capital into these hedge funds.

  Currently, a single fund with a management scale of more than US$25 million needs to be registered with the SEC. If the number of LPs is controlled to less than 15, it can be exempted from registration..."

  Abel became more confused as he listened. Isn’t this taking off his pants and farting? And it costs money to buy those small funds. So he directly raised his doubts.

  Xia Jingxing did not explain, some money cannot be saved, anyway, someone will pay for him in the future.

  He is now learning from Li Yunlong, breaking up the troops into pieces and letting them go, turning them into county brigades and district squads, and when they hit Ping’an county, they will gather the troops.

  At that time, good guys, there are ten independent groups.

   Talked to Abel for a while, and Xia Jingxing asked him to go back to the hotel to rest first.

  Shortly after Abel left, Xia Jingxing received an unfamiliar call.

   "Hi, Darren! Good morning!"

  Xia Jingxing did not know who it was, and continued the old operation.

   Chat like a familiar friend, "Haha! Good morning, what are you up to lately?"

   "Me, continue to invest!"

  Xia Jingxing heard that he was doing investment, and after thinking about it, he still couldn't remember who it was, so he continued to talk about it.

  "How is the performance? Have you raised new funds?"

  "The performance is not bad. Last year it was three times the average return of market hedge funds. Speaking of new funds, I have plans to raise recently. I want to talk to you. Are you busy now?"

  The more Xia Jingxing listened, the more he wondered, who is it? He regretted that he had just pretended to be forced, and it would be embarrassing to ask who it was now.

  There is no way, you can pretend to be forced, and you have to pretend to be in tears.

   "Not busy, you can talk about it!"

"it is good!"

  On the phone, he pondered for a while and asked, "What do you think of CDS? I want to raise new funds to invest in this product."

Oops!

  Xia Jingxing was shocked, and the first reaction was to leak the wind.

  (End of this chapter)