Chapter 350 Make up for shortcomings

  Founded one year, the office of Envision Capital has changed a lot.

  Moved from the original one-two-hundred-square-meter office to a new office building, leased an entire floor, and the office area exceeds 1,500 square meters.

  Get out of the elevator, and what you see is the huge and conspicuous company logo and signboard at the front desk.

  The four big Chinese characters "Vision Capital" were carved with small seals by a domestic master Jinshi. Not to mention the Americans. Many Chinese people saw it and couldn't recognize it. They looked like ghost paintings.

  If you don’t recognize it, it’s the right thing to do. What you want is this effect, so it’s full.

There is also a row of English "Prospectcapital" under the signboard of   Xiaozhuan, which is the American name of Prospect Capital.

  There was a security consultant in front of the glass door. He saw the boss taking someone out of the elevator, so he quickly swiped his card to open the door.

After entering the company, Xia Jingxing took Jiang Ping around.

  While shopping, I also introduced to Jiang Ping that the quantitative trading research department, investment portfolio management department, trading department, research department, risk control and compliance department...

  The sparrow is small, but it has all the internal organs.

   Although there are only more than 30 people in Lixia Fund, the various functional departments are clearly divided and everything is in order.

  After taking Jiang Ping to read the Lixia Fund, Xia Jingxing took the other party to Lichun and Liqiu Fund to take a look.

  "Lichun Fund is a VC fund that currently manages nearly 30 million U.S. dollars in assets. It has invested in startups such as Tesla, LinkedIn, China Frame Media, Ganji, Tudou..."

  Lichun Fund is mediocre, small in scale, not many employees, only more than ten people.

  This is Jiang Ping’s first impression.

  "Liqiu Fund is a PE fund with an asset management scale of 800 million U.S. dollars. At present, in an investment case, 50 million U.S. dollars acquired a mobile phone operating system company called Android..."

When wandering around to Liqiu Fund, Jiang Ping heard Xia Jingxing's introduction.

  Jiang Ping looked at the vastly empty office with only one person working, and asked: "800 million US dollars? Just one employee?"

  Xia Jingxing said lightly, "There are four people, and three others have gone to participate in the due diligence of Android."

  Jiang Ping nodded, indicating that he understood.

  "The main PE fund has only been established, and many positions have not been filled."

   Jiang Ping asked: “Does Vision want to become an investment group like Blackstone and KKR that covers the entire investment chain?”

  Xia Jingxing nodded, and said frankly: "Yes, covering the primary and secondary markets, from fish head to fish tail."

  Jiangping has been in the financial industry for ten years. He has rich experience and no more questions. He has thoroughly understood the ambition of the young boss in front of him.

  Take Jiang Ping to the meeting room, Xia Jingxing greeted an employee of Lixia Fund to bring in a laptop computer and began to show Jiang Ping's investment records.

  The most typical case is Shanda and Sina. The stocks of these two companies are all sold out and they are no longer held.

  Jiang Ping raised his eyes, leaned close to the computer screen, and observed carefully.

  Xia Jingxing sat aside and waited quietly for the other party.

  After a while, Jiang Ping took off his glasses, rubbed his sore eyes, then put on his glasses again, and said, "Sina and Shanda are event-driven strategies, right?"

When there are major political and economic events in the market, or when major events such as mergers and acquisitions, bankruptcies, reorganizations, and major capital structure changes occur in the market, due to the complexity of the events and the uncertainty of the outcome, the market’s digestion and feedback of information will exist. "Invalidity" makes the prices of stocks, bonds and other related securities may be overvalued or undervalued.

  The event-driven strategy is to capture this opportunity to obtain benefits through the control and analysis of event-related information.

  Xia Jingxing is forced to play this kind of trading strategy.

  Xia Jingxing nodded, "Yes!"

  Jiang Ping smiled and said: "The timing of the sale is very good, do you think the merger will fail?"

   After a few months, Shanda’s acquisition of Sina has long been sentenced to death.

  Jiang Ping is also Chinese. He has been following the two companies for a period of time, and I am a little curious about the story of Xia Jingxing and these two companies.

   "Sina did not have much contact, but during the Lunar New Year, I had a chat with Chen Tianqiao in Magic City."

  Jiang Ping answered, "Then you judge that you will fail?"

  Xia Jingxing nodded.

  There is nothing new under the sun, Jiang Ping somewhat guessed the PY transaction inside.

  Especially this wave of operations by Envision Capital to sell Sina stocks is obviously a good collusion with Shanda.

  As a result, this man finally distrusted Shanda and sold Shanda.

  This wave of operations can be described as very slippery, and should be the biggest winner in this trading activity.

  Like several other institutions, Morgan Stanley and others, they sold Sina stocks to Shanda, but because they did not sell Shanda’s stock in time, Shanda’s acquisition has failed and its stock price has fallen, which has given up a lot of profits.

  In Jiang Ping’s view, this trading activity is very insightful.

  Jiang Ping did not continue to inquire, how much he knows the strength of the boss in front of him, he is not purely throwing his hands off the shopkeeper, and his financial literacy is very good.

  This made him a little curious. Didn’t this person drop out of school very early and run Facebook wholeheartedly?

  Are you self-taught in finance like yourself?

  He compared it in his mind. Before enrolling in Stanford's finance major, he was likely to be inferior to Xia Jingxing.

  After reading a few investment cases, Jiang Ping is almost tempted.

   proactively said: "I may not be good at stock investment, but foreign exchange, followed by bonds."

  Xia Jingxing smiled. The other party started as a foreign exchange, and this is precisely his shortcoming. Choosing to recruit Jiang Ping is also a fancy to the other party.

  "It’s okay. As I said, it's up to you to decide what financial products to invest in."

  Jiang Ping nodded, and asked, "What do you think of the domestic stock market?"

  "This year 2005 happened to be a bear market, and the domestic stock market was wailing..."

  Xia Jingxing said: “But it also happens to be an opportunity. Many high-quality stocks have P/E ratios of less than 10 times, and profits increase by 20 to 30% every year.

  In addition, the bank deposit interest rate is less than 2%, and huge deposits may be transferred to the stock market.

  Also, I noticed that a large amount of foreign capital has flowed into China through various channels to speculate on the appreciation of the renminbi..."

  Jiang Ping nodded from time to time while listening.

After Xia Jingxing finished speaking, he said: "I agree with many of your views.

  In fact, I have been paying attention to the domestic stock market.

  If there is a chance in the future, I hope to invest in China. "

  Xia Jingxing said: “There will be opportunities. I hope this kind of investment can be long-term and valuable.”

   "I have the same opinion as you." Jiang Ping smiled.

   and Xia Jingxing chatted more and more speculatively, and time passed unconsciously for several hours.

  The two saw foreign exchange and various financial derivatives from stocks, and talked about emerging markets in Asia from the US market.

  Jiang Ping feels that he hasn’t had such a fun chat in a long time, and the other party is also Chinese, culturally similar, and there are many similarities in investment views.

  Maybe joining Vision Capital would be an extremely correct choice.

   "Okay, I am willing to join Vision Capital!"

After    figured it out, Jiang Ping didn't hesitate anymore and took the initiative to mention it.

  Xia Jingxing smiled and said: "I haven't said the treatment yet, so you agree directly?"

  Jiang smiled flatly, "Just like investing, I believe in intuition!"

  Xia Jingxing said: "Xiaoman Fund contributes 20% of the company's profit, which can be used as your performance commission."

   "Will this be too much? In fact, 15% I am very satisfied."

  Xia Jingxing gave a 20% commission as soon as he came up. This gesture really shocked Jiang Ping, and there is a feeling of being valued.

   Wall Street can get 15% even if it is very high, 20% is almost rare.

  Xia Jingxing waved his hand, "Not too much, you are worth the price."

  Jiang Ping stopped resigning, and nodded, "Okay, I will quit my job when I go back."

  The two only talked about the performance commission, but did not talk about the basic salary and the franchise fee.

  Awesome trader is so hungry, and there is a resettlement fee for entry.

  Jiang Ping did not mention these things, because for those who have the ability, the performance commission is the big one.

  Even if he is not given a basic salary, there is a 20% commission, which is several times better than him at Lehman.

  Of course, Xia Jingxing would not exploit talents so much.

   Deliberately not mentioning it, because it is prepared to give a little excess reward.

  (End of this chapter)