Chapter 1253 Walking on multiple legs

   A week later.

  Xia Jingxing received news from Abel and learned that the 40 Wall Street building had returned to its former calm, and no one was clamoring to see him again, so he appeared in the company with a big swagger.

   As soon as he arrived at the company, Xia Jingxing quickly convened several executives for a meeting.

  “How is the fundraising work going?”

  Xia Jingxing looked at Abel with a smile, because he was more afraid of trouble, so he left all the docking work to Abel.

  Abel had two big dark circles under his eyes and looked sleepy, and could fall asleep at any time.

   Xia Jingxing called him, but he didn't respond for a long time.

   It wasn't until Liu Hai kicked him under the table that he woke up like a dream, and then looked left and right.

   Seeing this, Xia Jingxing had to repeat the question with a smile.

   "Daren, it was absolutely the right decision that you gave me this task, you don't know how annoying those LPs are.

   In order to get a little more fund subscription shares, I will call you all day long…”

  Abel rubbed his dark circles under his eyes. If the fund-raising work ended a few days later, his old life might have been involved.

  Xia Jingxing smiled, just because he knew it was not easy to refuse some favors, so he sent Abel as a shield.

   As for him, he went outside and had a good week with Ivanka.

  People are not as sleepy as Abel, but they can't stand upright.

After complaining a few words, Abel got back to the point: "Waterfall invested 5 billion US dollars, the Blueblood family invested 10 billion US dollars, CIC Group invested 4 billion US dollars, and the dog family office invested 1 billion US dollars, and invested in our Stanford University at the same time as Waterfall Investment. Institutional investors such as the fund, the California Police Retirement Fund, and others have invested a combined $5 billion.

   This is the subscription status of our new fund, a total of 25 billion US dollars.

   If there is no limit, $30 billion or $40 billion can be raised. "

  Xia Jingxing nodded lightly, even if he hadn't witnessed it, he could basically imagine the hot scene of the new fund subscription.

   Vision Capital has created a total net return of US$42 billion for these LPs, and now they reinvest US$25 billion to subscribe for the new fund, which only accounts for a little more than half of the profits.

   In this new fund subscription, Xia Jingxing took care of the Dog Office and China Investment Group.

   The two institutions barely retained much profit, and reinvested the previously shared income together with the principal back into Vision Capital.

   also pays special attention to the blue blood aristocrats. The profit of the previous fund was only 9.3 billion US dollars, and this new fund allowed them to subscribe for 10 billion US dollars of shares.

   To make money in the United States, it is inseparable from the help of this group of local snakes.

  Especially the blue blood family who contributed more in the previous incidents, Vision Capital basically opened their subscriptions to them.

   To this end, Xia Jingxing also reduced the subscription share of Waterfall Investment.

  Compared to befriending Gates alone, he wants to befriend a group of people, thus forming a huge network of interests.

Xia Jingxing said: "With the new fund of $25 billion, plus the $1 billion of the Daxue No. 2 Hedge Fund of Funds, the $4 billion of the Xiaoman No. 1 Foreign Exchange Fund, and the $2.5 billion of the Xiaoman No. 2 Foreign Exchange Fund, our hedge fund capital It's back at $32.5 billion again."

  Abel shook his head and said, "Not only that, Darren, have you forgotten the $10 billion from Clary Capital?

   I took the time to meet and chat with Peter Thiel these days, and he said he could arrange for us to meet and talk with their LP anytime. "

  Xia Jingxing waved his hand lightly, "The 10 billion US dollars will not be discussed first. Whether or not to accept them will be a big question mark."

  Abel was speechless, the boss is floating, he doesn't even earn money.

  Xia Jingxing glanced at Jiang Ping and Liu Hai and asked: "Whether or not to absorb the 10 billion US dollars of funds depends on how much money you two can control perfectly."

  Jiang Ping was silent for a while, then replied: "I have researched these days. Our team can try to control up to 10 billion US dollars. If there is more, there will be no suitable investment opportunities, but it will drag down the investment performance."

  Liu Hai followed suit and said: "Our team can also try to manipulate $10 billion, and we plan to go long in the stock market as before.

   The market is wailing at the moment, which is suitable for a wave of bargain hunting. "

  Xia Jingxing silently calculated in his heart that this would be 20 billion US dollars.

   Mainland offices do not need to consider increasing management funds for the time being.

  The remaining Hong Kong Island Ye Shuhui team, London and European Li Yaozu team, share the remaining 5 billion US dollars equally?

   is a bit too small.

   "Well, Abel, you will contact Peter Thiel next. We have also absorbed the $10 billion in funds and expanded the asset management scale to $42.5 billion."

  Xia Jingxing thought about it and decided to take a big step and try.

   And the asset management scale has returned to more than 40 billion US dollars, which can perfectly correspond to some of the financial actions of Vision Capital last year.

  For example, Envision Capital’s asset management scale last year reached over 20 billion US dollars. Since then, it has publicly shorted the Li Huangtai family and made a profit of 5 billion US dollars, and shorted Volkswagen to gain 15.8 billion US dollars, which adds up to just over 40 billion US dollars.

   Of course, doing this must be something that can’t be hidden from some conscientious people.

   But Xia Jingxing didn't plan to hide it for a long time, he just created a relatively normal and not so outrageous growth trajectory of Vision Capital's asset management scale for the outside world.

   And now that the "Dodd-Frank" Act has not been formally introduced, hedge funds do not need to disclose position information to the SEC and the public, and their investment operations are relatively secretive.

   Everyone re-determined the scale of asset management in a few words.

   From the peak of more than 140 billion US dollars directly reduced to only a fraction, 42.5 billion US dollars.

  This scale is actually not small, and it has to step on the Paulson Fund, ranking third in the world as a hedge fund, second only to Bridgewater and Renaissance.

   As for the missing nearly 100 billion US dollars, most of it was Xia Jingxing's personal income.

   In other words, Xia Jingxing has already withdrawn all his own funds from Vision Capital.

  The remaining $42.5 billion is now 99% funded by external LPs.

   If there are no good investment opportunities in the future, he will basically not invest money in Vision Capital.

   Vision Capital will rely on other people's money to make money in the future.

   And he will use most of the funds for industrial investment, and will no longer chase the rate of return as much as before.

  Industrial investment has now reached a very important stage, and it needs his financial support to take it to a higher level.

  If he pursues the rate of return excessively and is overly obsessed with the way of making money in the capital market, thus delaying the opportunity of overtaking in the industrial curve, in the long run, it will not be worth the gain.

   He lived like an ascetic a few years ago, reluctant to eat, reluctant to wear, can't wait to shave three feet of the ground, and tried his best to get hundreds of millions of dollars from Frederick...

   What is all this for?

make money!

   After making money?

   Keep making more money? Hit a fork.

   Let the money play a greater social role? Tick.

   That is to say, at this stage, he has achieved absolute financial freedom.

   Even if Facebook goes public, it will not bring him a particularly big increase in wealth.

   So on the premise of satisfying the arrogant and extravagant life, it is indeed time to develop some products that lead the trend of technology and improve the level of high-end manufacturing industries.

   This is not only contributing to the society, but also making his asset portfolio more balanced, and walking with multiple legs is more stable.

   Nothing but money, such as Li Huangtai.

  I have the heart of industry to serve the country, but the current strength does not allow it, such as the chrysanthemum factory.

   Neither is the way he will go in the future.

  Industry + Finance, industry enhances social influence, and finance feeds industry back. This is the way he wants to go.

   (end of this chapter)