Chapter 218 Fundraising

  After discussing the preparations for the fund, Xia Jingxing took Liu Hai to the villa area of ​​Pacific Heights.

   "Go, why are you standing there?"

  Xia Jingxing found that Liu Hai was standing still, looking around in front of the villa with his head held high.

   Liu Hai looked at the famous wealthy area with trees lined with luxurious villas, and smiled with emotion: "To be honest, this is the first time I walked into such an expensive house.

  If it weren’t for you to bring me here, I really don’t know if I can step in in the rest of my life. "

  Xia Jingxing did not feel that Liu Hai’s words and behavior were very earthy, but instead felt that people were sincere and unpretentious.

  "If you make our fund to the size of Qiaoshui and buy this kind of house, it will not be like playing."

   patted bangs on the shoulder, Xia Jingxing smiled, "Let’s go, don’t go in again, do you want Boss Liu to come to meet us at the door in person?"

   Liu Hai smiled, and followed Xia Jingxing into the villa.

  Led by the servant, the two walked into the living room.

  Liu Jinhang got up from the Taishi chair, smiled and shook hands with Xia Jingxing: "Mr. Xia, you are not particular about it, and you have poached a young talent from me."

  As the old man said, he looked at his bangs.

  Xia Jingxingxin said, this old man can really talk, and he compares bangs to a young talent.

  Before today, the old man, the chairman of the company, may not even remember the name of Liu Hai, a grassroots employee.

  Although he was slanderous in his heart, Xia Jingxing still smiled as usual, "Haha, who makes First Securities' talents abound? It is not easy for us young people to start a business, Mr. Liu, you can bear it."

   "Never mind!"

  Liu Jinhang waved his hand, “Hedge funds are the jewel in the crown of the financial industry. Liu Hai will follow you to become a hedge fund. It is definitely better than shrinking in the small shop of First Securities.”

  Xia Jingxing exchanged a few words with Liu Jinhang, and then sat down on the chair in the living room.

  Liu Jinhang went straight to the subject and said: "Mr. Xia, can you tell me about the investment strategy of the hedge fund you plan to set up? And the estimated scale of management?"

  Xia Jingxing nodded, although the old man said that he would invest in the fund he set up.

  But it is not unreserved trust. If you want to buy a product, you must first introduce the product.

  Looking at the old man, Xia Jingxing slowly said, “We haven’t had time to produce the specific product introduction book, and the fund company has not yet registered.

  The scale of management is also temporarily unknown.

  However, the management scale may not necessarily be as large as possible, and small and flexible.

  I can only briefly introduce a few words for the time being, Mr. Liu doesn’t mind? "

   "It doesn't matter!"

  Liu Jinhang shook his head, "Compared with those fancy introductions, I believe you are more."

  There are many tricks of hedge funds. The terminology is “strategy”. There are more than a dozen of them, large and small, and each hedge fund has its own strategic direction.

   Futures, fixed income and other strategies, Xia Jinghang can't open the link, and can't remember so many changes in the trend of crude oil, exchange rates, and bonds.

  Of course, except for big events!

  He mainly introduces stock strategy to Liu Jinhang, which is what he is best at and the financial information he remembers most in his mind.

   "Take NetEase and Amicco as an example. If I had a fund in my hand and used all kinds of methods, I would make more than the current one."

  Liu Jinhang laughed and nodded in agreement: "This is true! If your fund implements the stock strategy, I have 120,000 confidence in you.

  Not much to say, I will make a decision today and invest you 10 million US dollars. "

  Xia Jingxing felt a little bit scarce, opened her mouth, just about to speak, Liu Jinhang preemptively said: "Mr. Xia, don't feel less, this is just our first cooperation.

  If the rate of return is good, we will add more later.

  In addition, I said that I will introduce you to some qualified customers with high net worth, and this promise is still valid. "

  Liu Jinhang smiled and looked at Xia Jingxing. The latter provided him with the information on the Amicco stock last time. First Securities' self-operated department also bought the stock, holding it up to now, a total of seven or eight million US dollars.

  So he decided to take out all the profits this time, and add more than two million yuan, a total of 10 million US dollars to invest in Xia Jingxing.

  If it hadn’t been for Xia Jingxing to make him a sum of money, he would not dare to invest in a 20-year-old fund manager anyway.

  Furthermore, Xia Jingxing is not yet a fund manager, Liu Hai is, the former is just the boss behind the scenes.

"alright!"

  Xia Jingxing nodded and agreed upon seeing this.

  He didn’t even want to eat a big fat man in one bite. Ten million dollars is better than nothing.

   "In addition, I have a ruthless please."

  Liu Jinhang looked at Xia Jingxing with a smile, "Can your hedge fund choose First Securities as the custodian broker?"

  Xia Jingxing pondered for a moment, then nodded, "Yes, so we can cooperate more deeply."

  Custody brokers must be looked for. He does not look for First Securities, but also other brokers.

  Custody brokers need to help hedge funds with many things, including: custodial clearing, back-office operations, research support, leveraged financing, securities lending, fund raising, etc.

  Large hedge funds generally choose top investment banks such as Goldman Sachs and Morrison to cooperate.

  These top investment banks manage this kind of service called “institutional brokerage service”.

  Because large investment banks have self-operated departments and asset management businesses.

  The problem then came.

   Will there be investment banks peeking at hedge fund order information?

  UBS and Credit Suisse have been exposed to this kind of incident, and they also disclosed customer order information to the other party that is competing with the customer.

  So, hedge funds later learned to be smart, and they would handle hidden order processing through multiple channels.

  Liu Jinhang saw Xia Jingxing’s hesitation, and guessed it all. He smiled and said, “In the financial circle, there are indeed many unethical behaviors.

  But I assure you that the first securities brokerage department and the self-employed department have built a "risk separation wall". The two departments are not allowed to exchange information, and even the office space is not in the same place.

  Furthermore, First Securities has also invested money in your fund. Everyone is a community of interests and will never do anything harmful to everyone’s common interests. "

  Xia Jingxing nodded with a smile.

  He is in stocks, and it is still long-term. In fact, the risks are okay. The big deal is that the brokerage will follow suit to pick up some cheaper.

  Hedge funds that are engaged in futures, exchange rates, and other financial derivatives are really afraid of a moth. If information is leaked, they will be driven to death by their opponents.

  …………

  …………

After leaving Liu Jinhang's house, Xia Jingxing brought Liu Hai to Stanford University.

  At the recommendation of President John, I met Robert Wallace, Chief Investment Officer of Stanford University.

  Stanford University has about 5,000 funds, all donated by alumni and celebrities.

  The money is taken to the endowment foundation of Stanford University to take care of it, and money makes money.

  According to Xia Jingxing, Stanford’s current fund management scale is as high as US$12 billion, ranking among the top of all universities in the United States.

  Robert Wallace was in his early forties, under the tutelage of David Swenson, the chief investment officer of Yale University.

  In terms of seniority, he is a fellow senior of Zhang Sanshi, a high-collar capitalist.

  Later, this man also helped Zhang Sanshi get an investment from the Stanford University Foundation.

  Sitting in the office of the foundation, Xia Jingxing was looking at Wallace, who was also looking at him.

  "Dalun, your intention, Mr. Hennessy has already made it clear to me.

  Investment is not a problem! But the premise is that you have to convince me! "

  Wallace put his arms around his chest and looked at Xia Jingxing with piercing eyes.

  　Thank you Mu Yutang and Doubao Box for their rewards!

  　　

  　

  (End of this chapter)