My Age of Investment

"Boss, don't worry!"

There was a "bang bang" from Abel's chest, "Give me a PE fund, and I will definitely return you the most beautiful investment answer sheet.

Love can be paid wrong, but the trust of the boss must never be let down. "

Xia Jingxing laughed when he heard "hehe". He knew that Abel was a self-motivated person, but he didn't expect to be so thick-skinned.

Before he even said who he would appoint to manage the second PE fund, Abel pounced on him.

Also, love can be paid by mistake, you must be a scumbag!

"All right, all right, I've already felt your professionalism and dedication to the company."

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

However, he is not a foolish king, how could he give such an important position after listening to a few flattering words.

The money he wants to set up the second PE fund is hard money and cannot be wasted at will.

"The asset management scale of this second fund will definitely be higher than that of the Liqiu Fund, and it is not impossible to reach two billion US dollars or three billion US dollars."

Hearing this, Abel put on a flattering smile on his face, and kept nodding, "That's right, boss, you are the man who wants to step on Su Shimin and punch Henry Kravis."

"Okay, okay...stop... If you blow it again, it will be out of the Milky Way. We are now less than one-fiftieth of others, so we should keep a low profile."

Xia Jingxing is still a little self-aware. KKR officially entered China last year, and the scale of its first Asian fund raised was as high as US$4 billion.

How to compare with others, a fund is bigger than their company!

"The time for the establishment of the second PE fund may be next year or the year after."

Abel froze for a moment and asked, "Why?"

"Why?"

Xia Jingxing said in his heart, it's not because your boss and I are too cash-strapped, so I can only make cakes for you to satisfy your hunger.

But he didn't intend to say these words to Abel, and changed another set of rhetoric.

"The company is currently raising a $3 billion hedge fund and is going to conduct a major financial operation. When this operation is over, it will transfer part or all of the funds to PE funds..."

Xia Jingxing has already made a plan. When the subprime mortgage crisis breaks out and the prices of high-quality assets plummet, he will go to buy a batch of cheap and undervalued assets. After a wave of transformation, he will go public again or exit through mergers and acquisitions. This will completely launch the vision capital PE fund. Gold lettering.

At that time, he will accept all the funds that come upon hearing the news.

Take money from capitalist countries to build third world countries, love is boundless, and the brilliance of humanity shines everywhere.

When Abel heard that the company was going to set up a $3 billion hedge fund, his body, which was a little tired just after getting off the plane, suddenly became less sleepy.

"Such a large scale? Boss, you are trying to kill Wall Street!"

Abel is very witty. The boss didn't say what kind of financial action it was, so he didn't ask nonsense.

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

After she put down her coffee, closed the door and left.

Xia Jingxing said to Abel who was sipping coffee to refresh himself: "The 3 billion US dollars will form a fund of funds called Daxue, and you will be the fund manager. The work of the Chushu and Liqiu funds will be put aside first."

Abel was a little uncertain, is he a fund manager in name only?

The reason why he thinks this way is because he is in charge of the two largest funds of Vision Capital, with a combined value of more than 2 billion US dollars. However, the money has been spent and cannot be controlled by him. He is a poor commander!

In fact, the FOF is not idle.

The sub-fund inspects the project and the founder, while the parent fund inspects the fund manager of the sub-fund.

A normal operating fund of funds may invest in ten or even dozens of funds to achieve the purpose of risk diversification.

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

Statistics show that,

Take venture capital as an example:

The probability of facing a loss when investing in a single project is about 42%;

The probability of losing money when investing in a single fund is 30%;

However, if you invest in FOF private equity funds of funds, the probability of facing a loss is only 1%.

However, these are other people's funds of funds.

The fund of funds of Vision Capital is nominal, and the Chushu Fund only invested in an external sub-fund of Gao Ling Capital.

This is because Xia Jingxing doesn't think that other fund managers understand investment better than him.

The decision to establish a new Daxue Fund will also not look for an external fund manager, and will digest it all internally.

The reason for walking around like this is also to hide people's eyes and ears, with vests on vests.

Xia Jingxing looked at Abel who was listless like a frost-beaten eggplant, and said with a smile, "If you finish this task well, I will consider handing over the management of the second PE fund to you."

Abel immediately regained his blood on the spot, and put on an overjoyed expression, "Boss, I was actually thinking about how to do a good job just now, 3 billion US dollars, this figure is too big, and my heart is heavy, this is all right My trust."

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

Abel smiled "hehe", accepting the boss's praise.

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

"The company has arranged to search for and acquire micro and small hedge funds that are in trouble all over the United States, and the main body of the acquisition will be various offshore companies established in the Cayman Islands.

After the acquisition is completed, Daxue Fund will inject capital into these hedge funds.

At present, if the asset management scale of a single fund exceeds 25 million US dollars, it needs to register with the SEC. If the number of LPs is controlled within 15, registration can be exempted..."

The more Abel listened, the more confused he became. Isn't this taking off his pants and farting? And the acquisition of those small funds also requires money. So he directly raised his doubts.

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

Now he wants to learn from Li Yunlong, break up the troops into pieces and release them into county brigades and district squads, and gather the troops together when they hit Ping'an County.

By then, my good fellow, there will be ten independent regiments.

After chatting with Abel for a while, Xia Jingxing told him to go back to the hotel to rest.

Not long after Abel left, Xia Jingxing received a call from a stranger.

"Hi Darren! Good morning!"

Xia Jingxing didn't recognize who it was, and continued to operate as usual.

Chat like with a familiar friend, "Haha! Good morning, what have you been up to recently?"

"Me, I'd better continue investing!"

When Xia Jingxing heard that he was an investor, he thought for a while, but still couldn't remember who it was, so he continued to talk.

"How's the performance? Have you raised new funds?"

"The performance is not bad. Last year, it was three times the average return rate of hedge funds in the market. Speaking of new funds, I am planning to raise funds recently. I want to communicate with you. Are you busy right now?"

The more Xia Jingxing listened, the more confused he became, who is it? He felt a little regretful that he had acted forcefully just now, and it would be embarrassing to ask who he was now.

There is no way, I pretended to be forceful, even with tears in my eyes.

"Not busy, just talk about it!"

"good!"

The other end of the phone pondered for a moment before asking: "What do you think of CDS? I want to raise new funds to invest in this product."

Oops!

Xia Jingxing was startled, his first reaction was to leak the news.