My Age of Investment

  Chapter 725 Vest

  "Dalun, let's go, we have stayed by the window for a while, and we will go back and play chess and cards with everyone."

  After the matter was settled, Peter Thiel offered to return to the living room.

  He attaches great importance to Xia Jingxing, but pays more attention to the large group of brothers around him, because he knows where his influence and even wealth opportunities come from.

   "Wait, I'll talk to you again."

  Xia Jingxing stopped Peter Thiel. He suddenly thought of something. Since he has reached cooperation with the Founders Fund, why not try to cooperate with Clarion Capital.

   "Okay, you say."

  Peter Tell stopped and looked at Xia Jingxing.

  "Vision Capital recently planned to establish a US$3 billion hedge fund. The goal is too large to facilitate market operations.

  We want to serve as a fund of funds platform to jointly form a sub-fund with Clarion Capital. Both you and Clarion Capital can invest a portion of the money. "

  This is a good way to put smoke bombs that Xia Jingxing thought of temporarily. Claire Capital has a good historical return and has a small reputation. It is very suitable for acting as this man, and it can withstand all kinds of media peeling and observation with a magnifying glass.

  With Claire Capital blocking the front, it is enough to block most of the spotlights for Vision Capital.

  Subprime mortgage crisis, people will only remember the most profitable fund managers and fund companies, but will not remember the LP behind it, or even the LP is not known.

  The simple understanding is that, as the investor, Envision Capital will hand over part of the US$3 billion to Clarion Capital for management.

  Peter Thiel was shocked, "You raised $3 billion?"

  This is a big number, which is equivalent to the result of ten years of hard work by Claire Capital.

  Xia Jingxing smiled and said: "Yes, if you are interested, you can also invest US$3.5 billion in it. We can invest up to US$1.5 billion in the sub-fund."

  He doesn’t plan to invest all the $3 billion in Peter Thiel. That would be a bit of an overwhelming taste.

  In fact, as long as Claire Capital establishes the largest short-selling subprime fund, it is equivalent to sucking out all the firepower.

  For the remaining 1.5 billion US dollars, Vision Capital is split into several small funds and put on a vest at the same time, which is not so eye-catching.

  Even if a reporter or a cooperating investment bank found a clue, after maliciously stabbing it out, Envision Capital still did not earn as much as Claire’s capital.

  At this time, the SEC's supervision of hedge funds is very loose. It does not require large hedge funds to disclose their asset portfolio, leverage, risk issues, etc. every quarter, which provides a good cover for their actions.

  Even registration has only been required in recent years. In the past, hedge funds were driving without a license and running rampant.

  In recent years, the size of hedge funds in the United States has reached more than one trillion U.S. dollars, close to two trillion U.S. dollars, and this has officially entered the SEC's regulatory attention.

   In the final analysis, the US financial industry is too developed. Hedge funds are only a small branch, which is not enough compared to banks, insurance, securities, etc.

  In addition, Americans are very advocating financial freedom and financial innovation, otherwise there will not be so many financial bubbles.

  Peter Tell thought for a while, and he didn’t understand Xia Jingxing’s intentions. Is this borrowing their company’s vest?

  It seems unnecessary to borrow a vest. At this time, the supervision of hedge funds is very slack, and the supervision is the same as if there is no supervision.

  Do you want to fool yourself into investing hundreds of millions of dollars?

  This wave of operations by Xia Jingxing directly stunned Peter Thiel, and the more he thought about it, the more he felt awkward.

  At the same time, he always feels that there is a conspiracy. Envision Capital is not specialized in fund of funds. Will it kindly send the raised funds out?

  Xia Jingxing saw Peter Thiel's face full of suspicion, knowing that the Sub-Fund’s explanation was not convincing enough.

   then said again: “In fact, we want to compete with the major investment banks on Wall Street, but we are worried that their partnerships will drive up product prices or suddenly stop playing.

  In addition to you, I also plan to find a few partners to decentralize and reduce costs.

  Of course, the sub-fund will send our people to manage it, just borrow your name.

  You don’t need to worry too much, just cooperate with us to complete the necessary links.

  At the same time, we pay you 2% of the management fee every year, but the achievements are gone.

  In fact, you don’t need to pay anything. No matter the fund’s performance is good or bad, you will be able to secure income from droughts and floods.

  If the fund’s performance is poor and the loss reaches a certain level, if we liquidate the fund in advance, it will not have any bad impact on the overall reputation of Clarion Capital.

  Subtracting our sub-fund, the asset management scale of Clarion Capital is still US$3 billion. "

  Peter Thiel nodded. In this case, the explanation made sense.

  But a new question is coming again, what kind of opponents, dare to place a big bet of 3 billion US dollars.

  Xia Jingxing considered it for a while. Although he would definitely not be able to hide it at the time, he still had to be reserved at this time. In case Peter Thiel suddenly had an epiphany, it might disrupt his own deployment.

  So he replied: “Currently the product is being conceived, and several investment banks have to be further contacted, and the fundraising work has just begun.”

  Peter Thiel knew this was an excuse when he heard it, and made it clear that he didn’t want to reveal too much.

  He is a little unhappy. Is this the attitude of trusting others?

   Then he thought that after all, it involved a huge amount of US$3 billion, and that he had another hedge fund. It was normal for Darren to be cautious.

  In their line, the water is very deep, and no one will be so stupid to take out their true heart.

  In fact, it is not rare for him to understand Darren’s investment trends. Claire Capital has achieved tens of percent or even doubled its performance in recent years, and he has a lot of arrogance.

  Thinking of this, Peter Thiel's thoughts that he had wanted to know about it were also weakened.

   "Well, Dai Lun, you design the product and raise funds first. I will discuss it with my partner."

  Xia Jingxing also heard that this is an excuse. Clarion Capital is basically Peter Thiel alone in charge, but the Founders Fund has several partners.

   "Well, let's talk about it later!"

  Xia Jingxing behaved very calmly, as if he didn't care.

  He is not afraid that Peter Thiel learns that he is shorting the property market and following suit, but he is afraid that this guy ran ahead of him to go short, causing his deployment to be disrupted.

  In fact, the institutions that fished in troubled waters in the subprime mortgage crisis were not one family or two, but countless ones.

  And he has the advantage that no one else has, that is, he dares to increase leverage and do his best to make a vacant market. This is the key factor in deciding whether to make big money or small money.

  In addition, timing is also a key factor.

  Xia Jingxing estimates that if he jumps in at this moment, the net value of the fund may plummet into a dog.

  It is the warrior who dares to persevere.

  If Peter Thiel is willing to let them borrow the vest, then he does not shy away from showing his true intentions to Peter Thiel.

  As for whether you dare to follow, how much you dare to follow, and how long you dare to follow, it depends on Peter Thiel’s personal wishes.

  In fact, if Peter Thiel followed and made money at the same time, Claire would become more eye-catching and better cover the vision capital hiding behind.

  If Peter Thiel didn’t let them borrow the vest, then he would have to throw out all the 3 billion dollars and try every means to put on the vest.

  But it is impossible to leave no clues, including bank fund flow records, employees, and the most unethical investment banks, all of which may reveal flaws.

  His thoughts are true and false, and the best way is to send Claire Capital to the altar so that everyone can stare at the big fish, thereby ignoring them.

  (End of this chapter)