My Age of Investment

   Chapter 1162 The Heir

   After spending a day in Santa Monica, and after initially understanding the tail risk trading strategy of Global Investment, Xia Jingxing left the small town and returned to his villa in Palo Alto, Silicon Valley.

  Abel and Jiang Ping also came to the house as guests.

   The two of them sat on the sofa and looked at Xia Jingxing who was playing with the child opposite, their eyes and expressions had different reactions.

  Abel never imagined that the boss had a son! And it's over a year old!

   He secretly turned his eyes to the kitchen, where the hostess of the house and the mother of the child was preparing dinner.

  If the news of Kristina, a Silicon Valley beauty and billionaire and a top technology entrepreneur, spreads out that she has a child out of wedlock, it may cause a lot of trouble, Abel thought to himself.

   But this is the boss's personal business. As a subordinate, he can only pretend that he doesn't know anything.

  Compared to Abel, Jiang Ping and Xia Jingxing had a much closer personal relationship, and he knew about the existence of this child a long time ago, so he didn't have so many concerns when he spoke.

   "Daren, this little guy is really happy. He was born with a golden key. His father is rich and his mother is a top entrepreneur.

   No matter whose career he chooses to inherit in the future, it is equivalent to standing on the shoulders of giants and watching the world. "

   Xia Jingxing was about to speak when Christina suddenly came out of the kitchen.

   She hugged her son with a smile and said to Jiang Ping: "I don't have too many high hopes for Enoch, I just hope that he will grow up safely and healthily, and have a career that he likes and loves."

  Xia Jingxing nodded with a smile, "Yes, interest is very important, you can't force children to do things they don't like to do."

  Jiang Ping smiled and didn't talk any more. He also realized that it was too early to talk about this topic now.

   Kristina took the child away, leaving room for the three of them to talk.

   So the three of them started chatting about the topic.

   "Daren, the trading strategy invented and created by Spitznagel, if we use it directly, there may be a big problem."

  Jiang Ping talked about his hidden worries: "Because the scale of our fund is too large, it is far from being comparable to a global investment with an asset management scale of only a few hundred million US dollars.

   Even if the design of the tail risk strategy is amazing and has been proven in practice, it cannot be guaranteed that it will be effective when the size of the fund expands a hundred times. "

  Xia Jingxing nodded lightly, "I know this, the reason why Spitznagel showed us so generously is not because he is a generous person, but because he is sure that we will not learn it if we know it."

   Jiang Ping smiled bitterly, "Yes, from the past experience of Spitznagel, he is quite patient and has a strong sense of crisis.

  Global Investments, under his management, has a very strong personal style that belongs to him.

   This is the case with every well-known fund and every well-known fund manager in the market, each with its own operating style and housekeeping skills.

   Even if we imitate it well, it is impossible to replicate the operating style of Global Investment 100%.

   As long as there is a slight deviation, there may be two completely different investment results: Global Investment makes a big profit, and Vision Capital loses a lot. "

  Xia Jingxing smiled and said, "I didn't ask you to imitate them 100%. The return on investment of Envision Capital in the past two years is far better than that of Global Investment. What do we need to imitate them?

   However, it is good for you and the company to systematically study and understand this special black swan fund. "

   Jiang Ping nodded, expressing his approval of this point of view.

   Yesterday he spent a whole day with Spitznagel, and he really benefited a lot.

Don't look at the fact that Global Investment did not gain much in the financial crisis, and it has not earned a fraction of the profit of Envision Capital, but if the financial crisis is delayed for a year or two, Envision Capital may explode its positions and lose all chips, while Global Investment still remains. At the poker table, you can wait until the moment you turn defeat into victory.

   It can be said that none of the institutions that can make huge profits in the subprime mortgage crisis and financial crisis are simple.

   After further understanding and the importance of Xia Jingxing and Jiang Ping on the global investment trading strategy, Abel also changed a lot of his original views on this fund.

   He muttered to himself: "Although Global Investment's investment and trading style is out of tune with the mainstream, perhaps this is the secret of their success. I used to underestimate them."

  Xia Jingxing said with a smile: "So, never underestimate the heroes of the world, there are too many geniuses in the hedge fund industry, and innovations are emerging one after another.

  Maybe Bridgewater Fund, Paulson Fund, and us have all been abandoned by the times, and people are still shining like a newborn sunrise. "

Abel nodded slightly, and then he asked again: "Then Daren, do we need to deploy a black swan fund? It is not to imitate Global Investment to build one, but to tailor a fund according to our scale and our actual needs. only."

  Xia Jingxing pondered, the black swan fund is betting on a black swan event in the market.

   In some respects, he still has more than ten years of foresight, and he does not need to spend a lot of money to get a black swan fund to obtain high returns.

   However, some things require planning ahead, rather than sharpening the gun.

   "Okay, let's also raise a black swan fund and test the waters with money from external LPs."

   Hearing this, Abel's mouth twitched. The boss's heart is so dark that he will always treat customers as guinea pigs.

   Now that Vision Capital is famous, it is still easy to raise a new fund.

   If it only loses money for several consecutive years, it is really inconsistent with the style of Envision Capital in the past to make money like hemp.

  Abel voiced his concerns.

  Xia Jingxing smiled slightly after hearing this, "Isn't it normal for a large hedge fund company to have dozens of funds under its umbrella?

   Also, when raising funds, you have to explain the risks to the LPs so that they don’t think about it afterwards. "

  Abel nodded, he probably knew what to do.

   At night.

  Abel and Jiang Ping stayed for dinner together, left after dinner, and took the evening flight back to New York.

  Xia Jingxing and Kristina after the friendly match, lay side by side on the bed and started talking.

   "Daren, what if Enoch really doesn't like business things in the future?"

  Xia Jingxing gave Kristina a look, the latter's face was full of worry, and he entertained him, woman, always so insincere.

   "Didn't you say let him choose his own life?"

  Christina was at a loss for words, and after a while she said quietly: "After all, it is a business that we created with our own hands, and I actually hope that our children have extraordinary business talents and can inherit and continue their parents' business.

  Like my father, in fact, he very much hopes that Brady can inherit the family's ranch in the future and continue the Walsh family's ranching business to the fifth and sixth generations. "

  Xia Jingxing shook his head again and again, "You are so wrong, do you know Wang An Computer? The founder Wang An was too obsessed and insisted on letting his son take over. As a result, the company completely declined..."

   After listening, Christina sighed, "Well, everything is up to him to choose, we as parents don't force it."

   "Actually, your concern is also easy to resolve."

"How to deal with it?"

   "Practice a few more numbers!"

  …

   Soon, the sound of the fierce fighting sounded in the room. The battle situation was very stalemate, and the killing was inextricable.

   (end of this chapter)