My Age of Investment

  Chapter 349 Top Trader

  In the end, I still want to hear if the girls in Bay Bay are as babble as they are in the legend. Early the next morning, Xia Jingxing brought Queen's lawyer Andrew to visit Liu Jinhang.

  The one who opened the door was a girl, who was twenty-four or five-year-old, with a delicate appearance.

  But it's just beautiful!

  Xia Jingxing arranged for someone to transfer 10 million U.S. dollars to the First Securities account. After paying the money, he declined Liu Jinhang’s invitation to lunch and left.

  Next, he and Liu Hai met with the heads of the California Police Retirement Foundation and several family offices under the arrangement of Wallace.

  The investment performance shined, and indeed several institutions showed interest and expressed their willingness to learn more.

  The fund-raising process generally takes two to three months or even longer.

  Handing over the docking work to Liu Hai, Xia Jingxing flew to New York with Zhang Chenguang, who had resigned from Facebook and turned into a security consultant for Envision Capital.

  …………

  …………

  In a high-end hotel near 57th Street in Manhattan.

  Xia Jingxing chatted happily with a forty-year-old middle-aged Chinese man with a thin face and gold-rimmed glasses.

   "Mr. Jiang, I have actually dated you for a long time. Today I finally found a chance to meet."

   Jiang Ping waved his hand, "Just call me Peter!"

  Xia Jingxing nodded, "Okay, Peter, I have an appointment with you today, mainly to talk about cooperation with you."

  Jiang Ping nodded. In his opinion, the other party is still very sincere.

  A few months ago, a headhunter contacted him.

   said that a Chinese hedge fund company that had just been founded intends to invite him to join.

  But when he asked, the fund management scale was only more than 30 million U.S. dollars, and he was speechless for a moment. He made more money in a year than this.

  The headhunter told him that there is a young technology tycoon behind this fund, whose name is Dalun Xia, who is very promising.

   Then he also checked and found that it was actually the boss of Facebook and YouTube.

  This made him a lot of interest.

  But Facebook and YouTube hadn't completed the Series B financing with a valuation of tens of billions of dollars at the time, so it was pretty good.

  After thinking deeply, he still rejected the olive branch thrown by Vision Capital.

  Unexpectedly, after a few months, Envision Capital once again commissioned a headhunter to find him.

  He didn't refuse this time, but chose to meet Xia Jingxing and talk about it.

   "Peter, Envision Capital is forming a second hedge fund-Xiaoman Fund."

   Xia Jingxing stared at the other party and slowly said: “This fund has reached fundraising intentions with more than six institutions, with an intention of over US$300 million.

  According to our plan, this fund must raise a minimum of 500 million US dollars, and there is no ceiling! "

   Jiang Ping's face was ordinary, without fluctuations.

  Xia Jingxing thought of the identity of the other party and said with a smile: “Of course, I know that this level of asset management is not worth mentioning in front of Lehman Brothers.

  But what I emphasize is that this is a Chinese hedge fund.

  The manager of our first hedge fund is also of Chinese descent, and his name is Liu Hai.

  I can guarantee that in Envision Capital, the yellow race has no promotion ceiling and will not encounter racial discrimination and unfair treatment. "

  Xia Jingxing's words are very simple, but every sentence hit Jiang Ping's heart.

  He joined Lehman Brothers in 1995 and has worked for a total of ten years.

  In the past ten years, the global economy has been turbulent, and it is difficult for fund managers to deliver a stable report card.

  However, his investment performance has been steadily maintained at an annualized rate of return of 30% to 100%.

   With this result, he became one of Lehman Brothers' most contributed traders.

  However, his efforts are not proportional to his gains.

  In Lehman Brothers' ten years, his average commission was between 3% and 4%.

  It was not until last year that 11% was mentioned in one step, and the cash portion only accounted for 3%.

  Know that on Wall Street, the commission is based on performance, which is generally 10% to 15%.

  He has worked at Lehman for the past ten years and has helped the company earn more than one billion US dollars.

  All this did not make the company look different. Even people who are lower than him have a better performance than him.

  The company promoted him, the so-called senior vice president, SVP, this kind of position is everywhere on Wall Street, Goldman Sachs has 12,000 VP vice presidents.

  In fact, he has long been dissatisfied with Lehman Brothers, but there are many reasons why he has been reluctant to leave.

  One of the most important points is that I did not find a good next home.

  Vision Capital’s Lixia Fund has a management scale of only more than 30 million U.S. dollars, and it was only established for half a year when he was invited.

  If there is a scale of hundreds of millions of dollars, maybe he agreed to join at that time.

  But it’s not too late. He heard Xia Jingxing say that Xiaoman’s fund is at least US$500 million, and he immediately became interested.

  It's just that he is relatively cold-tempered and doesn't like to show his mood on his face.

  Jiang Ping said: "Can I ask, what kind of products does this fund invest in?"

  Xia Jingxing replied: "It hasn't been formally finalized yet. If you act as a fund manager, you can leave it to your sole discretion."

  Jiang smiled flatly, which shows that the other party still fully trusts him, otherwise he would not give such high authority.

  Xia Jingxing smiled and said, “I have a very clear understanding of your past experience.

  The reason why we are here today is because I believe that cooperation between our two parties is a win-win situation! "

  Previous life, Xia Jingxing was a master of financial engineering from Stanford, and Jiang Ping and him were in the same major in the same school.

  He still knows this predecessor very well.

   was born in 1965 and was less than 16 years old. He entered the University of Science and Technology of China with the number one in the Yangzhou College Entrance Examination, and then studied in Princeton and received a Ph.D. in chemistry.

After studying finance, he went to Stanford to get a master's degree in finance.

  In addition to Lehman’s experience, he joined the leading hedge fund SAC in 2006 as the managing director. With an annual income of more than 100 million U.S. dollars, he ranks among the “Top 100 Traders in the World”.

  But within two years of working, he was squeezed out of the company’s infighting, and was also charged with "insider trading", "sexual harassment of male subordinates" and other unreasonable charges.

  Later, he simply started his own business, established an asset management company, and took care of his own assets.

  I definitely have the ability, but I don’t have the talent, and I haven’t encountered a platform that is most suitable for him.

  "I’m a little curious, isn’t your first fund only more than 30 million US dollars in size?

  After only one year, the second fund has become at least 500 million US dollars? "

  The matter is very important, Jiang Ping did not rashly accept the invitation, and wanted to understand more carefully.

  Xia Jingxing took the handbag next to him, took out a pile of materials, and handed it to Jiang Ping.

  Jiang Ping took it over and frowned as he looked at the fund performance report in his hand.

   "In one year, 36.25 million became 245 million? Almost 7 times?"

  Xia Jingxing nodded, "Yes, this is the return on investment of our first fund."

  Jiang Pingyuan thought that most of the funds of the Xiaoman Fund came from Xia Jinghang.

  After seeing this pile of materials, he changed his mind.

  And the most exaggerated thing is that this is a hedge fund that is partial to stocks, and it is all long.

  He is engaged in finance, and he naturally knows how awesome this is, and it is a bit unreal.

  As if seeing the doubt on the other's face, Xia Jingxing smiled and said, "You can also go to our company to see it. After all, seeing is believing, hearing is not."

   "Is this all right?"

  Jiang Ping felt that he hadn’t even agreed to join Envision Capital, so he went to see other people’s secrets, which was not very appropriate.

   “It’s okay, the most sensitive ones can’t be shown to you for the time being, you can look at our cleared investment records.”

  Jiang Ping was itchy. He wanted to observe the company up close, and said readily, "Okay, that would be presumptuous."

  (End of this chapter)