Chapter 841 Feeding rabbits at home with peace of mind

  Xia Jingxing is ready to return to China.

Before leaving, he called Liu Hai, Jiang Ping, Abel and other three Wall Street executives together for a meeting.

  In addition to giving instructions, he also reminded the three of them to guard against arrogance and rashness, not to be confused by the results in front of them, and to keep a calm and sober brain at any time.

  Although they have shorted subprime loans recently, the total floating profit has reached nearly 700 million US dollars, but these can only be called appetizers, and the real dishes are still to come.

  The global financial crisis caused by subprime loans in the United States cannot be completely spread in a day, a month, or even a year.

A few years ago, housing prices soared and credit easing planted a time bomb. Wall Street’s financial tool innovations and various sorrow operations are equivalent to increasing the dose of the bomb. Nowadays, the fall in housing prices can be regarded as igniting the lead, but we need to wait for this. Only when the long lead is completely burnt to the end can you see that beautiful mushroom cloud rising from the sky above Wall Street, and the shock wave sweeping the world.

  The longer the brewing, the more lethal the bomb is.

   Therefore, Xia Jingxing is not in a hurry. All the arrangements have been arranged for a long time. Now he only needs to calmly wait for 321 to detonate.

There are a large number of subordinates watching the situation changes for him, and all the deployments are in place. Xia Jingxing feels that it is unnecessary to stay on Wall Street. There are still a lot of things waiting for him to deal with, so he plans to leave temporarily and wait until the mushroom cloud. Come back after rising.

  Selling subprime loans is not the same as trading stocks and foreign exchange. Except for the fluctuation of the ABX index, you need to keep an eye on it. Synthetic CDOs and CDSs are like buying a lottery ticket and waiting for the draw date to approach.

  Of course, the employees of Envision Capital are not doing nothing at present. A large number of analysts are closely watching housing price trends, subprime bond ratings and price changes, as well as the financial reports of various financial institutions.

  In other words, it is doing various preparations to look for various speculative arbitrage opportunities that may appear after the subprime mortgage breaks out, such as financial institution performance thunder, exchange rate, gold, crude oil price fluctuations, and so on.

  For example, HSBC’s goal is very good!

  "HSBC has adjusted the US subprime loan reserve to US$10.5 billion. I guess they are in big trouble, hehehe..." Liu Hai's laughter was a little bit malicious.

  “There is no funds to short it at the moment. We can observe and analyze more banks and financial institutions led by HSBC. When the synthetic CDO and CDS assets are all emptied, we have to find new hunting targets.”

  When talking about HSBC's name, Xia Jingxing had cold eyes. He remembered that when he went to Hong Kong Island with his mother a few years ago and passed by the HSBC Building, he made a promise to give HSBC a long memory.

  If there is a suitable opportunity, he will definitely fulfill his promise.

  "Many financial institutions in Europe have also participated in this subprime mortgage game to varying degrees. The counterparties to our CDS contract are financial institutions from Europe..."

  Jiang Ping pushed the glasses put on his nose and began to express his views.

  Last year, he proposed to focus on the “post-subprime mortgage crisis era”. The stage is not limited to the United States, but the global mainstream financial market.

  In his view, if the scale of the subprime mortgage crisis reaches the expected value, major global financial markets will experience turbulence, and a lot of investment opportunities will emerge.

  If you want to eat from the head of the fish to the tail, relevant preparations will be carried out from now on, striving to get ahead of other institutions and eat the fattest bite of meat.

  After listening to Jiang Ping’s speech, Xia Jingxing nodded, “No problem, just follow the plan we made last year, don’t kill him, and never accept troops!”

   Jiang Ping and Liu Hai looked at each other with a smile, and both saw the eagerness on each other's face, and they felt like participating in a major historical process.

  This is also their long-awaited opportunity to step onto a larger trading stage, become a world-renowned fund manager, and show off their ambitions.

  The only white man in the room, Abel asked: "Then Darren, what am I doing?"

  Xia Jingxing glanced at Abel. This guy mainly manages the fund of funds and PE funds, and all the funds have been emptied. It is destined to be difficult to show off in this subprime mortgage crisis.

  However, after getting along for so long, Xia Jingxing also discovered one of Abel’s great advantages, and did a good job in logistics.

  "You are responsible for contacting the company LP, maintaining a good relationship with them, and a new round of fundraising will be launched in the second half of the year. This important task is left to you."

  Abel was overjoyed when he heard this, and the boss was finally willing to reuse himself.

  He had been doing chores before, but he was in charge of the largest fund of funds without much real power. The funds were all evacuated by the sub-funds below, and it was very difficult to make some achievements.

  Fundraising is the first step in fund operation and the beginning of everything. In small investment institutions, those who can raise funds are the most valued talents.

  It is relatively easier for large institutions to raise funds, but the importance of the position is not low.

  Xia Jingxing looked at Abel with a smile, and said, “It’s been almost two years since I joined the company. I see your performance in my eyes. I haven’t given you more responsibilities before, mainly because the company’s strategic focus is on the hedge fund department.

  When the subprime mortgage crisis is over and the company has money, the next step is to focus on PE funds. Without a few classic acquisition cases, how can we gain a foothold on Wall Street? "

  Abel was very excited. Although the salary income in the past two years has not been low, he wants to make some achievements in his old bank's PE fund.

  He has repeatedly beaten the boss's development plan for the PE fund, and every time he gets the answer "it's coming soon", he feels disheartened.

   But this time, he knew that the boss did not lie to himself, he was really fast, and it was not far from the day when his Abel became famous on Wall Street.

  Xia Jingxing glanced at Liu Hai and Jiang Ping, and the next words were also for them.

  "The subprime mortgage crisis is a once-in-a-lifetime opportunity to expand the scale of asset management. Although we have given up the name of "Kongshen", we still have two direct investment funds.

  In terms of scale, our direct investment funds are inferior to Paulson Funds and Claire Capital, and are not as famous as them. However, after the short-selling report card in the industry comes out, I believe that direct investment funds can also be among the best.

  For LP, we don't make as much money as the two big shorts, but the fund's return rate is not worse than them, or even higher than them, which is enough to impress LP. "

   Liu Hai nodded. He understood what Xia Jingxing meant. This was to tell them to take a good measure and not to steal the limelight of the two big shorts, but they had to show some sense of existence and take the opportunity to raise funds.

  The reason why Xia Jingxing didn't put all the short-selling subprime funds in a vest was because he wanted to show off, instead of eating all the fame dividends, it was enough to eat a small portion behind the two big shorts.

  These fame dividends are mainly reflected in the expansion of asset management scale. Once heard that you can make a lot of money here, LP will rush over.

  Vision Capital’s total short-selling funds of US$3.4 billion, US$1.5 billion are external fundraising, and these external LPs need to disclose the net value of the fund, main financial indicators, investment portfolio and other information to these external LPs on a monthly or quarterly basis.

  If you want to completely cover up the short-selling action, it is definitely unrealistic and cannot be concealed.

Therefore, Xia Jingxing only intends to hide the part of the investment of his own funds. He does not want to get the title of "the biggest profit from short-selling subprime mortgages", because this thing is more eye-catching than the "big short", and the big short is to help LP work. , Earn some commission.

There are people who hate the rich in any country. Gates and Bezos are often criticized, and financial crocodiles such as Soros are notorious.

Their eight vests hold an average of less than 90 million U.S. dollars in funds. Even if the profit is ten times, it will not be particularly eye-catching. Moreover, there is a fund of funds that filters a layer of information in the middle, plus there are a lot of more changes in the front. With the dazzling big shorts, Machikin will inevitably receive much less attention.

  Xia Jingxing looked at Abel and said, “Whether the size of the company can reach a new level this time, the burden will be on you.”

   Abel nodded, "I understand that I will go all out."

  Xia Jingxing smiled with satisfaction. This time they have taken into consideration all the possible situations of the subprime mortgage crisis, and they should be able to become one of the biggest beneficiaries.

  After this huge profit arrives, he can feed the rabbit at home with peace of mind.

  　 It’s a change today. Take a break and stay up too late. It’s a bit too hurt.

  　　

  　

  (End of this chapter)