My Age of Investment

  Chapter 466 The wild goose left a voice, the other left a name (seeking a monthly pass)

When Fu Jixun asked, Chen Hong was stunned for a moment, and then the two looked at Xia Jingxing together.

   "No no no~"

  Xia Jingxing waved her hand, not even saying a few.

   Then he laughed dumbfounded, “I’m just giving an example. Investment direction and post-investment management are more concerned about industrial coordination, not consortiums or trusts.

  Furthermore, what age is it now? That set of models was okay in the last century, but now is the new century. Those are outdated and won’t work. "

  Listening to what Xia Jingxing said, Fu Jixun dispelled a lot of doubts.

   immediately followed and laughed, indeed he was thinking too much.

  Furthermore, he knows exactly what the country of rabbit is.

  "My idea is to establish a few more potential industries, hold a core company, invest in the upstream and downstream of the core company, and eat the dividends of an industry.

  My goal is not to rely on monopoly to grab profits, earning future industry dividends is one of them, and ensuring the smooth growth of core enterprises is the second.

  In short, money must be made, but besides making money, there are some other incidental pursuits. "

  "Isn't that the industrial capital?" Fu Jixun asked.

  Xia Jingxing nodded, "Yes, but the definition of industrial capital is too narrow, because this is only part of Vision Capital.

  Short and easy money-making projects like Scape and Frame Media, isn't it fragrant? The vote must also be voted! "

  Fu Jixun immediately understood, and he asked: “As for those core companies as long-term business targets, if they encounter growth bottlenecks or go downhill, will they sell them?”

  Fu Jixun is more concerned about this issue, because in the eyes of general financial capital, there is nothing that cannot be sold.

  As long as selling is better than continuing to operate, and the financial return is more favorable, then sell.

   "Then find a way to break through the bottleneck, or transform!"

  Money has reached a certain level, and it is basically a number. Xia Jingxing also has a higher spiritual pursuit, that is, to help the domestic technology industry to take off and become a real entrepreneur, not a pure businessman.

  He is not just talking about fun, but intends to lead by example, develop a few brands of his own, and play a leading and exemplary role.

  The reason why he is still making money desperately is that he has not yet achieved "financial freedom". Tesla, mobile phone companies, and Android are still waiting to be fed.

  When the various pillar industries are completely independent of external blood transfusion, he may not be so desperate to spend money as he does now.

  Fu Jixun smiled and said, "Is this also a feature of Envision Capital?"

  Xia Jingxing replied with a calm face: “Unlike ordinary financial capital, if the assets of Envision Capital really reach a certain level, when some losses are no longer concerned, they may do something that makes people lose their eyes.”

  Fu Jixun laughed, “Our Singaporean leader once said that Li Jiacheng is a businessman through and through.

  And Mr. Xia, if you reach his level, maybe you will make some different choices? "

  "Bringing money into the coffin board, or leaving too much money for future generations, is not a good thing.

  My spiritual core is a traditional Chinese. "

  Speaking of Li Jiacheng, Xia Jingxing looked disdainful.

  Now Li Jiacheng is still regarded as a guest of honor in the mainland by various people, including his remarks, which is regarded as a standard by entrepreneurs and ordinary people.

  Entrepreneur student Niu Gengsheng of Cheung Kong Graduate School of Business was received by Li Jiacheng for three hours and was so excited that he couldn't sleep all night.

  Fu Jixun laughed and said, "I have one last question. Does the majority of Envision Capital’s funds come from yourself?"

  The reason why Fu Jixun asked like this is that through chatting, it is easy to infer which investor will be so messed up by the fund manager.

  Only with your own money can you be so capricious.

  The reason why the other party did not build a family office indicates that it is entirely his own business, but instead awarded a fund of skin. Fu Jixun guessed that this person is probably low-key and does not want to attract attention.

  Fu Jixun is not yet a member of the Envision Capital team, and Xia Jingxing did not tell the truth, but rather ambiguously replied: “A large part of it, we can decide the investment field, exit time, etc., and we are very free.”

  Although it is still vague, this is the answer that Fu Jixun wants.

  He stood up, smiled and stretched out his hand towards Xia Jingxing, "Mr. Xia, I am willing to join Vision Capital and together be a distinctive and pursued investment institution."

  Xia Jingxing held the other's hand, smiled and said, "You are welcome to join."

  Although the verbal agreement has been reached, there are still details such as position and salary that need to be discussed.

  The other party didn't mention it, but Xia Jingxing had to mention it. Perhaps the other party would wait for him to speak again.

  Before the other party came to meet, Chen Hong had already inquired clearly.

  As a partner of DFJ China Fund, Fu Jixun, in addition to a not-low basic annual salary, also has project bonuses, which is the profit share of the fund.

  20% of the profit part of the fund belongs to the investment institution, and the fund manager/partner draws a few to 20 points from the profit part of the investment institution.

  Defengjie originally gave Jixun a ten-point rake. Because of the merits of investing in Baidu, it rose to fifteen points.

  Xia Jinghang directly raised the other party to 20 points, that is, after deducting the management fee, the net profit of a fund is multiplied by 20%, and then multiplied by 20%, which is four points.

  Considering the existence of management fees, it is actually lower than four points.

   does not seem to be high, but if it can operate a $200 million Jingzhe fund, it will become one billion U.S. dollars in five years, with a net profit of 800 million U.S. dollars. After deducting 2% of the annual management fee, Fu Jixun can receive a dividend of 31.2 million U.S. dollars.

  Even if the timeline is stretched to five years, the average annual income is more than six million US dollars, excluding the basic salary. The properly high-paying group is better than the SME boss, and there is no need to worry about personal bankruptcy, debt problems, etc.

  Wall Street is often exposed to fund managers with an annual income of hundreds of millions of dollars. It may be that he helped his own institution earn 1 billion US dollars and helped funders earn 4 billion US dollars.

  In addition, the 2% management fee charged by the fund every year is almost entirely used for first-class travel, five-star hotels and other expenses for investment managers.

  In terms of job benefits, top financial practitioners definitely overlook many other industries.

  The reason for being so extravagant is that on the one hand, it pays less tax and spends everything cleanly; on the other hand, it maintains the compelling standard of its own investment institution, which is conducive to business development.

  In fact, if only the management fee is collected, the fund is not profitable and cannot get the profit share, then the investment institution cannot be opened because the revenue and expenditure cannot be balanced.

  The scale of private equity funds is small, so the management fees are not much, while public equity funds/US mutual funds with a scale of hundreds of billions will never die of losses throughout the year, because the management fees alone are exaggerated.

In this mode of operation, if the investment manager/partner of a private equity fund wants to make a lot of money, they must desperately make the fund trader profitable, and the more profitable the better, so that the investment institution will also make money, and the investors behind it will also make money. Follow the count of votes.

  Everyone is happy!

  In addition to appointing Fu Jixun as a partner of Jingzhe Fund, Xia Jingxing also gave the other party the title of Managing Director of Envision Capital China.

   can be understood as one is the actual position and the other is the military rank.

  Fu Jixun is very satisfied with the position and salary offered by Xia Jinghang.

  In fact, the position is just considered flat, and the salary is increased by one-third.

  What he values ​​more is the platform, a platform that is more conducive to the use of talents.

  De Fengjie’s foreigners do not trust the yellow race, but Xia Jingxing regards him as an overseas compatriot.

  (End of this chapter)