My Age of Investment

After negotiating the preparation of the fund, Xia Jingxing brought Liu Hai to the villa area in Pacific Heights.

"Come on, why are you standing there?"

Xia Jingxing found that Liu Hai was standing still, looking around in front of the gate of the villa with his head held high.

Liu Hai looked at this well-known wealthy area with shady trees and a row of luxury villas, and smiled and sighed: "To be honest, this is the first time I have walked into such an expensive house.

If you hadn't brought me here, I really don't know if I would be able to step into it in my lifetime. "

Xia Jingxing didn't think Liu Hai's words and actions were rude, but felt that people were sincere and unpretentious.

"If you make our fund the size of Bridgewater, buying this kind of house is not like playing."

Patting Liu Hai's shoulder, Xia Jingxing said with a smile, "Let's go, if you don't go in, do you want Boss Liu to come to the door to greet us in person?"

Liu Hai smiled and followed Xia Jingxing into the villa.

Under the guidance of the servant, the two entered the parlour.

Liu Jinhang got up from the Taishi chair, smiled and went forward and shook hands with Xia Jingxing: "Mr. Xia, you are not very particular, and you have poached a young talent from me."

The old man said while looking at the bangs.

Xia Jing Xing Xin said that this old man can really speak, and he compared Liu Hai to a young talent.

Before today, the chairman of the company, the old man, might not even remember the name of Liu Hai, a grassroots employee.

Although there was a lot of slander in his heart, Xia Jingxing still had the same smile on his face, "Haha, who made First Securities so talented? It's not easy for us young people to start a business, Mr. Liu, please bear with me."

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"Never mind!"

Liu Jinhang waved his hand, "Hedge funds are the crown jewels of the financial industry. If Liu Hai follows you to become a hedge fund, it will definitely be better than shrinking in the small store of First Securities."

Xia Jingxing exchanged a few words with Liu Jinhang, and then sat down on the chair in the living room.

Liu Jinhang went straight to the topic and said, "Mr. Xia, can you tell me about the investment strategy of the hedge fund you plan to set up? And the estimated management scale?"

Xia Jingxing nodded, although the old man said he would invest in the fund he set up.

But it is not unreserved trust. If you want people to buy a product, you must first introduce the product.

Looking at the old man, Xia Jingxing said slowly: "We haven't had time to produce the specific product recommendation book, and the fund company has not yet registered.

The scale of management is also temporarily unknown.

However, the management scale is not necessarily the bigger the better, and the small is also flexible.

Today I can only briefly introduce a few words, Mr. Liu, do you mind? "

"It doesn't matter!"

Liu Jinhang shook his head, "Compared to those fancy introductions, I believe in you more."

There are many kinds of hedge funds. The technical term is called "strategy". There are more than a dozen kinds of large and small. Each hedge fund has its own strategic direction.

futures, fixed income and other strategies,

Xia Jingxing couldn't open the link, and couldn't remember so many trends in crude oil, exchange rates, and bonds.

Of course, with the exception of big events!

He mainly introduced stock strategies to Liu Jinhang, which is also the financial information he is best at and remembers the most in his mind.

"Take NetEase and Aimico as an example. If I had a fund in my hand at that time and used all means, I would have earned more than the current amount."

Liu Jinhang laughed, nodded and said, "That's true! If your fund implements a stock strategy, I have 120,000 confidence in you.

Without further ado, I will make a decision today and invest 10 million US dollars in you. "

Xia Jingxing felt a little too little, opened his mouth and was about to speak, Liu Jinhang said first, "Mr. Xia, don't think too much, this is just our first cooperation.

If the rate of return is good, we will add more later.

In addition, I said that I would introduce you to some qualified high net worth clients, and that promise still stands. "

Liu Jinhang smiled and looked at Xia Jingxing. The latter provided him with the information on Amicco stock last time, and the proprietary department of First Securities also bought this stock, and since it was held, it has made a total floating profit of seven or eight million US dollars.

Therefore, he decided to take out all the profits this time, and add more than 2 million to make a total of 10 million US dollars to invest in Xia Jingxing.

If Xia Jingxing hadn't brought him to make a fortune, he would never have dared to invest in a fund manager who was only 20 years old.

Moreover, Xia Jingxing is not the fund manager, Liu Hai is, the former is just the boss behind the scenes.

"Fine!"

Seeing this, Xia Jingxing nodded in agreement.

He didn't even think about eating a big fat man in one bite. Ten million dollars is better than nothing.

"Also, I have an unkind request."

Liu Jinhang looked at Xia Jingxing with a smile, "Can your hedge fund choose First Securities as the custody broker?"

Xia Jingxing pondered for a moment, then nodded, "Yes, this way everyone can cooperate more deeply."

A custodial broker is a must. He does not look for Firstrade, but also other brokers.

Custody brokers need to do many things for hedge funds, including: custody clearing, back-office operations, research support, leveraged financing, securities lending, fund raising, etc.

Large hedge funds generally choose top investment banks such as Goldman Sachs and Morgan Stanley to cooperate.

These top investment banks manage this kind of service called "prime brokerage service".

Because big investment banks have their own departments and asset management business.

Then came the problem.

Will there be investment banks peeking at hedge fund order information?

UBS and Credit Suisse have been exposed to this kind of thing, and they also disclosed customer order information to the other party who is the counterparty with the customer.

Therefore, hedge funds have learned to be smart later, and they will conduct hidden order processing through multiple channels.

Liu Jinhang saw Xia Jingxing's hesitation, and guessed it closely, and said with a smile, "There are indeed many unethical behaviors in the financial circle.

But I assure you that the brokerage department of First Securities and the self-operated department have created a "risk separation wall". The two departments are not allowed to exchange information, and even the office space is not in the same place.

And Firstrade has also invested money in your fund. Everyone is a community of interests and will never do anything that is harmful to everyone's common interests. "

Xia Jingxing smiled and nodded.

He does stocks, and it's a long-term deal. In fact, the risks are all right. The big deal is that the brokerages follow and pick up some cheap ones.

Hedge funds that do futures, exchange rates, and other financial derivatives are really afraid of making a fool of themselves. If the information is leaked, they will be killed by their opponents.

…………

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After leaving Liu Jinhang's house, Xia Jingxing brought Liu Hai to Stanford University again.

Under the recommendation of President John, I met Robert Wallace, the chief investment officer of Stanford University.

Stanford University has about 5,000 funds, all donated by alumni and celebrities.

All this money is taken care of by the Stanford University Endowment Foundation, and money begets money.

According to Xia Jingxing's understanding, Stanford's current fund management scale is as high as 12 billion US dollars, ranking among the top few universities in the United States.

Robert Wallace, in his early forties, studied under David Swenson, chief investment officer at Yale University.

In terms of seniority, he is a senior fellow of Zhang Sanshi, a high-level capital.

Later, he also helped Zhang Sanshi get investment from the Stanford University Foundation.

Sitting in the Foundation's office, Xia Jingxing was looking at Wallace, who was also looking at him.

"Daren, your purpose, Mr. Hennessy has made it clear to me.

Investing is not a problem! But only if you have to convince me! "

Wallace crossed his chest with his arms and looked at Xia Jingxing with bright eyes.

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