My Age of Investment

  Chapter 930 Ten Billion Hedge Funds of Funds (Bunny Bear Leader 110)

  The next day, morning.

  Xia Jingxing stood by the car and waved goodbye to her mother, Caitlin, and Christina.

   "Mom, I will be away for a while. You have worked so hard to take care of Christina and Xia Zerui at home."

   "Let's go, let's go busy with your career, my mother will definitely take care of your daughter-in-law and children."

  Xia Jingxing looked at Christina again, who was looking at him with a smile, his face glowing, and his skin seemed to be glowing, a glamorous thing. Compared to before, Christina, who gave birth, seemed to have a special charm.

"come back earlier!"

  Kristina rushed to Xia Jingxing's side and kissed him on the cheek, leaving a red lip mark.

  Caitlin looked at this scene with a smile, satisfied with the good relationship between her daughter and Xia Jingxing.

  Xia Jingxing waved his hand, got into the car, and the car set off against the rising sun.

  After arriving at the airport, Xia Jingxing joined Liu Xiaoduo and other entourage, then boarded the plane together and flew towards New York.

  ……

  ……

  When Xia Jingxing arrived on Wall Street by car, she glanced out of the car window, the sky was gloomy, the clouds were overcast, the pedestrians were hurrying, and the rhythm was like wind and rain.

  As soon as the car arrived at Building 40 on Wall Street, raindrops fell.

  A group of people holding umbrellas, surrounded by Xia Jingxing, walked into the building, and took the exclusive elevator to the 70th floor of the top floor.

  As soon as the elevator opened, Liu Hai, who was waiting here, greeted him with a smile.

  "Jingxing~"

  Xia Jingxing smiled and patted her bangs on the shoulder. He didn't say anything, everything was silent.

   Liu Xiaoduo followed Xia Jingxing and Liu Hai into the chairman's office, made two cups of tea in the room and brought it to the coffee table by the window, and then retired.

  Xia Jingxing picked up the teacup and took a sip, then put it down, lowered her head and looked down at the next window. There was a lot of water vapor outside, and the ground scene nearly 280 meters away was so small that it could not be seen clearly. Tianqing might be able to see something.

   "How is the scenery here?" Xia Jingxing asked.

   Liu Hai smiled and said, “It’s very good. When I was just renovated, I took a look at it. It feels like I’m stepping on Wall Street under my feet!”

  Xia Jingxing laughed, and Liu Hai’s flattery slapped him very well.

Although Envision Capital chose to keep a low profile during the subprime mortgage crisis, there is no sense of pride and pride in his heart. Financial institutions large and small on Wall Street have been deflated in this subprime mortgage crisis, and they have truly risen against the trend. How many institutions can there be? And Envision Capital is undoubtedly the highest one among them.

  From a man trading stocks on a computer in a school dormitory, working hard to calculate NetEase’s stock price and positions, to standing in the tallest building on Wall Street, commanding a thousand troops to fight, he walked for five years.

  From the capital of 50,000 U.S. dollars to tens of billions of dollars now, countless days and nights of exhaustion have finally ushered in huge gains.

  The road of financial giants has already been laid under one's own feet. As long as you work harder, you will be shoulder to shoulder with the giants.

  Even though he has become accustomed to the flowers and applause on the road to entrepreneurship, his temperament has become more indifferent, but when faced with the glorious achievements within reach, Xia Jingxing could not help but sway in his heart, with a lot of emotion.

Taking back his thoughts, Xia Jingxing said: "It seems that I did not buy this building wrongly. I just bought this scenery and this lot, it's worth 700 million US dollars."

   Liu Hai smiled, he knew that Xia Jingxing actually had something to say.

  There should be another most important reason—borrowing chickens to lay eggs, this building was mortgaged for 400 million U.S. dollars, all invested in Paulson Fund.

  He is in charge of the contact with the Paulson Fund. At present, the US$400 million is in the hands of Paulson. The investment has increased several times, not to mention making a building in vain, but also slightly profitable.

  Of course, people who don’t know the inside story thought that Xia Jingxing had been taken advantage of by the eloquent Frederick.

  Xia Jingxing didn’t dare to let Frederick know the specifics, otherwise the latter’s urination would absolutely sue him and ask for money.

  The top floor of the 40 Wall Street building was originally one of Frederick’s office space. After the building was sold, he moved to another place.

  Xia Jingxing didn’t like Frederick’s aesthetic level, so he arranged for the bangs to be removed and thrown away, and the top-level office was redecorated, and it became completely new and pleasing to the eye.

  It is the first time for Xia Jingxing to work here today. It was originally on the 49th floor.

  Now he doesn’t bother to care about the feudal superstitions of 50 Dadao and Tianyan 49. After all, the scenery on the 70th floor is really good, and he is very satisfied.

  Xia Jingxing and Liu Hai sat by the window and chatted for a while, before Jiang Ping and Abel arrived in a hurry.

  After a few simple greetings, Xia Jingxing greeted the two of them to sit down.

   "Abel, you have gained weight, are you lazy? How can you complete the fundraising task given to you?"

  Abel spread his hands and said, "Boss, this is totally wronged! I have gained weight just because I worked too hard and accompanied my clients to various parties."

  Liu Hai and Jiang Ping both smiled and looked at Abel. They worked very happily with Abel.

  With Abel, the two of them only need to be responsible for the performance of the fund, the fundraising of the new fund, and the maintenance of the old fund’s customer situation. Abel is all well organized and can be regarded as a small social expert.

  Xia Jingxing knew that Abel had this speciality, so he transferred him from Hong Kong to New York and was responsible for making money for the company.

  When Abel was in Hong Kong, he was in trouble with a group of high-level investment banks and brought a case like Huiyuan Juice to Envision Capital.

After returning to New York, Abel was even more comfortable. As the number one social flower of Envision Capital, he has established good relationships with various institutions, university funds, and sovereign funds. He has helped Envision Capital complete the raising of two new funds and three new funds. The fund is being raised.

  "Lixia No.2 Fund, a stock trading strategy hedge fund, asset management scale of 3 billion US dollars, fund manager Liu Hai."

   "Xiaoman No. 2 Fund, a hedge fund with macro trading strategies, asset management scale of 1 billion US dollars, fund manager Jiang Ping."

   Abel introduced, “These are the two funds that have already been raised, which can be regarded as a continuation of Lixia No.1 and Xiaoman No.1.”

  Xia Jingxing nodded, he knew the information. Although he is not in New York, he keeps abreast of the development of Vision Capital through work emails and phone calls. He even knows the reason for the difference in the scale of asset management of the two new funds.

  Lixia No.1 has made sixty times in three years and has stepped into the altar. Fundraising should not be too simple. The original plan was to raise 1 billion US dollars, but the LP subscription was too active and increased to 3 billion US dollars.

  Jiang Ping has been managing Xiaoman No. 1 Fund, investing in foreign exchange, index, and bonds of various countries, and the yield is also very good. In just over a year, the initial asset management scale of US$600 million has expanded to US$1.6 billion.

  Although the rate of return is far from that of the Lixia Fund, the absolute value of the profit is not small. Moreover, Jiang Ping did not have Xia Jingxing to open up for him. It was all the results of his hard work and his team.

  With this result, Jiang Ping has also been successfully selected into the list of the top 100 traders in the world in 2007 by "Alpha" magazine.

  Because of these achievements and honors, the fundraising work of Xiaoman No. 2 is relatively easy, but the scale is still not as large as that of Lixia No. 2, which has reached 3 billion US dollars.

Because the fund is too large, as high as 3 billion US dollars, and most of the funds have to be invested in the stock market, Xia Jingxing does not know how to choose stocks. He can only invest in some large companies and white horse stocks in the long-term, but wants to create 60 It’s more difficult to double the rate of return.

  Fortunately, the terms and duration of the two funds have become more favorable to Vision Capital than the No. 1 Fund. This is also the confidence to have performance. Vision Capital is now very hard.

   Abel continued to introduce: “Xiaoxue No. 2 and Xiaohan No. 2 Funds, event-driven strategy hedge funds, each with asset management scale of 1 billion U.S. dollars, fund managers Liu Hai and Jiang Ping.

  These two funds are the continuation of the two short-selling subprime funds, Xiaoxue No.1 and Xiaohan No.1. "

Xia Jingxing nodded slightly. Of the US$3.4 billion that Vision Capital shorted for subprime loans, US$400 million was invested in Paulson Funds, US$1.5 billion was invested in Clarion Capital, and the eight acquired MMA funds controlled a total of US$700 million. Xiaoxue-1 and Xiaohan-1 each manage US$400 million.

The funds equivalent to the short-selling subprime loan under the name of Envision Capital is only 800 million US dollars, the amount is not large, the purpose is to create some performance without being overly eye-catching, attract more LPs to pay, and help Envision Capital in the secondary Make another profit after the loan crisis breaks out.

  Xia Jingxing asked: "How is the fundraising work of these two funds going on?"

   Abel smiled and said: "Very good! I have contacted some powerful LPs, university funds, pension funds, and their mouths are relatively strict. They will not make a joke of Paulson Fund."

  Xia Jingxing smiled, “It doesn’t matter if you make a joke. It is impossible for Envision Capital to short subprime loans without leaving any traces. I deliberately showed this 800 million US dollars to the outside world.”

Liu Hai and Jiang Ping on the side nodded slightly. As Chinese, they all know the truth that there is no silver three hundred taels here. Fiction and reality are the kingly way. Anyway, Paulson and Clarion are in the front. Maybe you need to add Goldman Sachs. , Can share the main firepower.

   Abel "hehehe" smiled and said: "If you can hide it for a while or hide it for a while, spreading on a small scale is better than spreading on a large scale. As long as the purpose of showing to the LP is achieved, try not to attract too much public attention."

  Xia Jingxing glanced at Abel, the young man's road widened!

   Abel grinned. It seems that the guesswork is right. The boss likes employees to overfulfill tasks, or to check for missing vacancies.

  "The last one has not yet started to raise funds. The fund under planning is the Daxue No. 2 Fund, a hedge fund of funds, with a target of 10 billion U.S. dollars.

  Daxue No.1 Fund of Funds raised US$3 billion and diversified investments in 11 hedge funds other than Paulson Funds.

From the current point of view, this fund of funds will definitely create good results. I think we can take the opportunity to raise a hedge fund of funds of tens of billions of dollars, which will maximize our return on performance and greatly improve our performance. Asset management scale and... management fee. "

  After finishing speaking, Abel looked at Xia Jingxing, waiting for the latter’s opinion.

  　 It seems that a piece of data has been written incorrectly. Of the 3.4 billion US dollars invested in subprime loans, only 1.9 billion are self-owned funds, and 1.5 billion are raised from outside. Come and change it during the day. It's too sleepy. If you see it, you can change it automatically.

  (End of this chapter)