My Age of Investment

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A week later.

Xia Jingxing received the news from Abel and learned that Building 40 on Wall Street had returned to its former peace, and no one was clamoring to see him anymore, so he showed up to the company swaggeringly.

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

"How's the fundraising going?"

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

Abel had two big dark circles under his eyes and looked sleepy. He might 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 from a dream, and then started looking around.

Seeing this, Xia Jingxing could only smile and repeat the question.

"Daerun, you made the right decision by entrusting me with this task. You don't know how annoying those LPs are."

In order to get more fund subscription shares, I will call you all day long..."

Abel rubbed the dark circles under his eyes. If the fundraising work ends a few days later, his life may be in danger.

Xia Jingxing smiled. He knew it was hard to refuse favors, so he sent Abel as a shield.

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

He wasn't as sleepy as Abel, he just couldn't stand up straight.

After complaining for a while, Abel got back to the topic: "Waterfall Investment is US$5 billion, Blue Blood Family is US$10 billion, China Investment Group is US$4 billion, Puppy Family Office is US$1 billion, and Stanford University invested in us at the same time as Waterfall Investment. Fund, California Police Pension Fund and other institutional investors invested a total of US$5 billion.

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

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

Xia Jingxing nodded slightly. Even if he didn't witness it with his own eyes, he could basically imagine the hot scene of new fund subscription.

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

In this new fund subscription, Xia Jingxing paid a little attention to Puppy Office and China Investment Group.

The two institutions retained little profit, and reinvested the previously shared profits, together with the principal, back into Vision Capital.

Special care is also given to the blue-blood aristocrats. The last fund's profit was only US$9.3 billion, but this new fund allowed them to subscribe for US$10 billion in shares.

To make money in the United States, you cannot do without the help of this group of local snakes.

Especially the blue-blood families who have contributed more in previous incidents, Vision Capital is basically open to them for subscription.

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

Rather than making good friends with Gates alone, he wanted to make good friends with a group of people, thereby forming a huge network of interests.

Xia Jingxing said: "The new fund of 25 billion US dollars, plus the US$1 billion of Daxue No. 2 hedge fund of funds, the US$4 billion of Xiaoman No. 1 Exchange Fund, and the US$2.5 billion of Xiaoman No. 2 Exchange Fund, our hedge fund funds The scale of management has reached US$32.5 billion again.”

Abel shook his head and said: "More than that, Darren, have you forgotten the US$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 at any time. "

Xia Jingxing waved his hand gently, "Let's not discuss the 10 billion US dollars for now. Whether we accept them or not is a big question mark."

Abel was speechless. The boss was so distracted that he didn’t even make any money.

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

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

Liu Hai also followed up and said: "Our team can also try to control US$10 billion, and we plan to be long in the stock market as before.

The market is wailing right now, and it’s a good time to buy the bottom. "

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

The mainland office does not need to consider increasing management funds for the time being.

Then the remaining Hong Kong Island Yip Shu Hui team, London and European Li Yaozu team will equally share the remaining US$5 billion?

A bit on the low side.

"Okay, Abel, you can contact Peter Thiel next. We will also absorb the US$10 billion in funds and expand the asset management scale to US$42.5 billion."

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

Moreover, the asset management scale has returned to more than 40 billion US dollars, which perfectly corresponds 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 U.S. dollars. Since then, it has publicly shorted the Li Huangtai family and made a profit of 5 billion U.S. dollars, and shorted the public and made a profit of 15.8 billion U.S. dollars, which adds up to just over 40 billion U.S. dollars.

Of course, this will certainly not hide the truth from some thoughtful people.

However, Xia Jingxing didn't intend to keep it secret for long. He just wanted to create a relatively normal and less outrageous growth trajectory for Vision Capital's asset management scale for the outside world.

Moreover, the Dodd-Frank Act has not yet been officially introduced. Hedge funds do not need to disclose position information to the SEC and the public, and investment operations are relatively secretive.

In a few words, everyone re-determined the scale of asset management.

From the peak of more than 140 billion U.S. dollars, it was directly reduced to only a fraction, 42.5 billion U.S. dollars.

In fact, this scale is not small. It has to step on the Paulson Fund and firmly rank as the third hedge fund in the world, second only to Bridgewater and Renaissance.

As for the nearly US$100 billion missing, most of it is Xia Jingxing’s personal income.

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

Now, 99% of the remaining US$42.5 billion is contributed by external LPs.

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

Envision Capital will rely on other people’s money to make money in the future.

And he will use most of his funds for industrial investment and will no longer chase returns as excessively as before.

Industrial investment has now reached a very important stage and requires his financial support to move to the next level.

If he excessively pursues the rate of return and is overly obsessed with the way of making money in the capital market, thus delaying the opportunity to overtake the industry at a curve, in the long run, the gains will outweigh the losses.

A few years ago, he lived like an ascetic, reluctant to eat or wear clothes, wishing to scrape off the land, and tried his best to get hundreds of millions of dollars from Friedrich...

What is all this for?

make money!

What happens after you make money?

Continue to make more money? Make a cross.

Let this money play a greater social role? Put a check mark.

In other words, at this stage, he has achieved absolute financial freedom.

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

So on the premise of satisfying the arrogant and luxurious life, it is indeed time to develop some products that lead the technological trend and improve the level of high-end manufacturing industry and other serious things.

This is not only a contribution to society, but also makes his asset portfolio more balanced, and walking on multiple legs will be more stable.

There is nothing but money, such as Le Hoang Tai.

Kong has the desire to serve the country through industry, but his current strength does not allow it, such as the chrysanthemum factory.

Neither is the path he will take in the future.

Industry + finance, industry enhances social influence, and finance supports industry. This is the path he wants to take.

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