Chapter 217 Hedge Fund (Deepwater Dead Cat Leader 310)

  The party ended hastily, the three of them hailed a rental car and went to the famous nightclub in San Francisco-AsiaSF.

  Enter the dimly lit nightclub, the music is deafening, and the lights flicker.

  Xia Jingxing shrugged to the two of them, "That’s it?"

  To be honest, he rarely went to nightclubs. When he was studying in the United States in his previous life, he never went to it once.

  I didn’t go there a few times with my friends until I got back to work.

  Experienced a few times, he was actually tired, noisy, and didn't like it.

   "Haha, you have to get in and enjoy the rhythm of the music!"

  Andrew pointed to a bald guy with tattoos all over his neck who was playing DJ on stage. “I see no, the 100 DJs in the United States. I like him on stage the most. He has superb control of the stage and first-rate atmosphere mobilization skills.”

While talking, Andrew pushed Xia Jingxing onto the dance floor.

  Xia Jingxing was still a little unwilling to let go, but seeing Andrew, a fat man of more than two hundred pounds, kept winking at him, she had no choice but to follow Ye Di.

  Bounced for more than an hour before Xia Jingxing followed them away sweating profusely.

   Breathing the fresh air outside, Xia Jingxing looked at the two of them and asked, "Have you gone back?"

"go back?"

  Andrew smiled and the fat on his face trembled, "Nightlife has just begun!"

  Continue.

  The two took Xia Jingxing to a strip/dance club.

  A steel pipe stood on the rectangular stage, and a dozen young girls in bikinis began to perform various dances in turn.

  The gentleman sitting in the first row kept throwing tips into the field, and the three of Xia Jingxing also threw some in it.

  The three people watched the performance with gusto, and Andrew and Liu Hai took Xia Jingxing to a quieter bar.

   Sitting around the card table, Andrew said to the other two people: "I see a beautiful girl later, go up and have a conversation by myself, see you tomorrow morning!"

  After speaking, Andrew was impressed.

  Xia Jingxing and Liu Hai watched Andrew walk towards a blond woman drinking alone there.

   Then, Andrew sat down.

  Next, the blonde laughed.

  After a while, Andrew left with the blonde girl in his arms. Before leaving, he looked back at them and blinked.

   "Andrew that fat man has such a charm? Absolutely because of his money?

Am I right? Brother Hai. "

  Xia Jingxing saw that no one answered him for a long time, so he looked back.

  The bangs are gone.

  He looked around and finally found it. The other party was chatting with a brown-haired girl with wheat-skinned skin. The two were talking and laughing.

  After a while, Liu Hai also left. Before leaving, he waved his sleeves at Xia Jingxing.

  Xia Jingxing thought that these two eldest brothers really didn't talk about loyalty, so they left themselves and left.

   Just as Xia Jingxing was about to leave, there was a moving female voice: "Asian boy, can you buy me a drink?"

  Xia Jingxing was overjoyed. It seemed that he was still attractive, and he was able to "stand by and wait for the rabbit".

  He followed the voice and looked back.

  Why didn’t you see people?

   "Hi, I am here!"

  Xia Jingxing finally saw it this time, a black girl was laughing at herself, a row of white teeth dazzling in the dim light.

   is also fortunate to have these white teeth, otherwise he really can’t find anyone there.

   "Oh, sorry, I should go home! Next time!"

  Xia Jingxing finished the bill and drove off quickly.

  …………

  …………

  The next day.

  Xia Jingxing woke up in a high-end hotel in San Francisco. He was **** and walked to the hotel’s floor-to-ceiling windows with sleepy eyes.

   Pulled the curtains aside, the dazzling sunlight shone on him all at once.

  He hurriedly covered his eyes with his hand, slowly released his hand again, letting the sun shine on his body.

  Bathed in the warm sunshine, he was instantly full of vitality.

  It was almost noon at this time, saying that the two brothers who met in the morning hadn't called him yet.

  So, he had to call the two of them.

noon.

  The three met at the Fortune Restaurant in Chinatown.

   Andrew and Liu Hai walked into the restaurant with spring breeze, and walked straight to the table of Xia Jingxing.

   "How is it? Last night, was it satisfied?"

   Andrew smiled and asked Xia Jingxing.

  "It’s okay, you two left early, and I didn’t see a sister who offered me a drink!"

  Xia Jingxing's face was cheerful, with a smile that a man would understand.

   "Really? And sister paper invited you to drink?"

   Liu Hai's eyes widened, and he looked unbelievable.

   With a slight smile on Xia Jingxing’s face, she raised her teacup, took a sip, and said nothing.

  The two believed that it was true, and they took their seats one after another, wanting to ask what happened.

   "Ouch!"

  As soon as Andrew sat down, he pressed his waist.

   "Andrew, what's the matter with you?"

  Xia Jingxing looked at Andrew with pain on his face, and quickly held the latter on, and asked with concern.

  Andrew waved his hand, "I'm sick, it's okay."

   "Did you flash your waist last night?"

   Liu Hai grinned, "Everyone is so familiar, no need to hide, no one will laugh at you."

   Andrew flopped in denial, "Absolutely not! Don't think too much."

  Qiu Zhiyi walked out of the kitchen, smiled and greeted the three of them.

   "Oh, Mr. Andrew, what's wrong with your waist? Is it getting old again?"

  Qiu Zhiyi saw Andrew leaning on his waist and asked with concern.

   "See, Qiu can testify to me and tell you that I am sick!"

  Qiu Zhiyi asked: "Then Mr. Andrew, or give you turtle soup?"

  Xia Jingxing was drinking tea, was choked by this sentence, and coughed again and again.

  "Turtle soup, hahaha~"

  Xia Jingxing burst into tears with laughter.

  Andrew shrugged, "That soup is good, no matter whether my back hurts or not, I usually drink it."

   Liu Hai joked, "Andrew, you still have to relax, you are getting older, don’t compare yourself to young people."

  Andrew is not hard-talking now, accepting criticism honestly.

after a little while.

  A large table with Chinese food was all available, and the three of them started to eat and chat while eating.

   "Brother Hai, you have already obtained the certificate of investment consulting. Have you thought about your future plans?"

  Xia Jingxing pinched a piece of beef and threw it in his mouth, chewing, and asked.

  Andrew also looked at Liu Hai, and said with a smile: "William, this certificate is not easy to get, how did you pass the exam?"

   Liu Hai smiled and replied, “How can I pass the exam? I usually squeeze out more time to study!”

  That's how it is said, but Liu Hai thinks of his life for more than half a year, it is really hard to life.

  It is necessary to go to work, study and take exams, not to mention entertainment time, the rest time is almost running out.

   Just when he wanted to give up a few times, thinking about what Xia Jingxing had said to him, thinking about Xia Jingxing's deeds.

  Want to get ahead in this life, what is this bit of suffering right now?

   Gritting his teeth, he insisted abruptly.

  The speed of obtaining the certificate far exceeded Xia Jingxing’s estimate.

   made Xia Jingxing’s deployment a bit disrupted.

   Liu Hai pondered for a moment, and answered Xia Jingxing’s question: “I haven’t thought about it yet. At that time, you said that you might form a private equity fund. I just wanted to get the certificate first, and then I would be able to exert a bit of effort.”

  Looking at Xia Jingxing, Liu Hai said somewhat self-effacing: “It’s just that although I have obtained the certificate, I’m really just a novice when it comes to investing.

  In the past few years, First Securities has also contacted some small and micro customers.

  If you want to set up a fund, the things involved are complicated. From fundraising, to research, risk control, investment management...There are a lot of things that need to be responsible. "

  Xia Jingxing waved his hand, "Brother Hai, I am a novice too!"

  Andrew laughed and said: "A newbie who has earned 500 times the income in a year and a half?"

  Xia Jinghang’s initial capital is only 50,000 US dollars, and the net worth of the stocks of Amyco, after deducting borrowings, is almost 25 million US dollars.

  One and a half years, 500 times!

  This is also true!

  For these things, Andrew, a close lawyer and partner, is very clear.

  Xia Jingxing smiled, "Personal stock trading and institutional stock trading are two different things! The latter involves a larger amount of funds, decision-making is not so flexible, and management is much more complicated."

  Andrew stopped teasing Xia Jingxing, and nodded solemnly: "This is true! It is basically impossible to recreate your previous investment myth.

  Give you 100 million, one and a half years, give me 50 billion to see? "

  Xia Jingxing continued to say to Liu Hai: “At the level of institutional operation, you and I are both newbies, and we both need to learn again.

  So, you don’t have to have any psychological baggage.

  In terms of industry research, investment decision-making, etc., I can make suggestions.

   But in other areas, you need to work harder. "

  Speaking of this, Liu Hai no longer humbled himself, and asked: "Is this fund operating in the direction of a hedge fund? Or is it a direction of private equity?"

"Hedge Fund!"

  Xia Jingxing said categorically, “Private equity, the cycle is too long, and the target is too large.”

  Andrew said with a smile: “Veteran asset management groups like Blackstone and KKR will have multiple funds under them, covering the entire investment chain and all categories.”

  "It can’t be compared with them. They have been developing for decades. We can only do a good job in one fund and one investment direction before we can talk about the other."

  Xia Jingxing may not have an idea to build a capital empire, but he is very poor at the moment, so let's be pragmatic.

  "Investment strategy, I am not worried at all if you are there."

   Liu Hai smiled and praised, and then said: "But the first step before us is to raise funds.

  Mature investors in hedge funds are defined as natural persons whose personal annual income exceeds US$200,000, or whose annual income is more than US$300,000 with their spouse, or whose net assets reach US$1 million.

  Institutional investors are: state or government pensions, non-profit organizations, sovereign wealth funds, banks, insurance, brokerage firms, university endowments..."

Liu Hai looked at Xia Jingxing and said with a smile: "Without considering the profit distribution, we charge a management fee of 2%, and at least a management scale of 100 million US dollars can receive a management fee of 2 million US dollars for a small team. Staff salaries, office rent and other daily expenses."

   "100 million US dollars, we will not discuss it for the time being, I will talk about the investor who can be contacted at the moment."

  Xia Jingxing glanced at Andrew and asked, "Do you have an annual income of 200,000 US dollars?"

   Andrew felt underestimated, and shook his head again and again, “I don’t, I’m not a qualified investor, don’t look for me.”

  Xia Jingxing ignored it, and continued: "President John can introduce us to the administrator of the Stanford University Foundation, and Mr. Liu Jinhang also promised to contribute part of the capital, and will introduce us some qualified investors..."

  Looking at the bangs, Xia Jingxing shrugged and said, "If this is not enough, I will be able to contribute some of it then."

   "If all these can be negotiated smoothly, one hundred million may not be there, but tens of millions must be there."

   Liu Hai said with a smile: “In fact, this is quite a lot. Many small hedge funds manage 10 or 20 million U.S. dollars, or even less than 10 million U.S. dollars.”

  Xia Jingxing shook his head, "They are family workshops, and we can't use them as a reference.

  Since we have to do it, we must go in the direction of normalization and high standardization.

  If you make a fund for the first phase, naturally there will be a second and third phase, and it will be relatively easier to raise funds. "

  After talking about fundraising, the two talked about other matters related to fund preparation.

  The time for a meal, the preliminary plan was finalized.

  (End of this chapter)