My Age of Investment

The next day.

Xia Jingxing invited Li Ying and other executives of Fuxing Smart Home Group to watch a Premier League game at Anfield where Liverpool played at home.

After seeing the team's victory and the Champions League qualification becoming more secure, Xia Jingxing said goodbye to Li Ying and others and boarded the plane leaving the UK with peace of mind.

Liu Hai also left the UK with him. As soon as the butler got on the plane, he kept chattering to Xia Jingxing about the "poor" performance of Vision Capital in the 2010 fiscal year.

"The average return of Envision Capital's hedge funds last year was 32%, which was significantly lower than expected and also recorded the worst performance since the company was founded."

Liu Hai shook his head as he said, "I have done a special study and there are two main reasons for the failure.

First, too many institutions participated in "Operation Overlord," which resulted in a lower return on shorting the euro;

Second, our asset management scale has increased too quickly, which has lowered the overall rate of return of hedge funds. "

Xia Jingxing nodded lightly, "Okay, no introduction is needed. I know all about these things."

After saying that, Xia Jingxing looked out the window, quietly looking at the dark sky outside, and silently thinking about the next development path of Vision Capital.

Some time ago, Vision Capital released its 2010 results to all LP investors, and then this group of investors exploded.

Although he didn't clamor for a refund, he made a lot of small moves secretly.

This incident also sounded the alarm to Xia Jingxing. Americans are unreliable after all. There is no such thing as "working together in the same boat" in their culture, but only "plundering".

When the loot plundered from outside is not rich enough, then rob allies.

Now this group of people is targeting Envision Capital, and letting Cuomo bite people is their little trick.

As long as Xia Jingxing asks them for help, they will have reason to demand a reduction in the fund's income share.

“These people are really short-sighted. Haven’t the yields dropped a little compared to previous years? Now they can no longer hold back.

Jing Xing, listen to me and don’t show weakness to them. If you make unreasonable demands the first time, there will be second and third times...

By then, Vision Capital will be completely reduced to their money-making tool without any autonomy.

Maybe this time is also their test. As long as they withstand the pressure or the fund's performance starts to improve, they will definitely take back their claws. "

Xia Jingxing smiled and said, "The decline in fund yields compared to previous years is not just a point, but the decimal point has moved forward one place.

In previous years, the rate of return was one to two hundred or several hundred percent, but last year it was only 30%.

But you are right, this should be a kind of temptation for them.

Do you think they might have received some rumors? For example, Congress wants to take action against Envision Capital. "

Xia Jingxing is very vigilant. The American dignitaries who used to be his brothers have actually begun to fall out with each other. Could there be some bigger conspiracy against him?

Liu Hai frowned. He and Xia Jingxing were both prosperous and devastated. If Xia Jingxing was punished, he, the great butler, would no longer be as powerful as he is today.

So Liu Hai racked his brains to analyze potential risks for Xia Jingxing, eliminated one option after another, and finally targeted Fuxing Industry.

"I think it may not be aimed at Envision Capital, otherwise they wouldn't instruct Cuomo to cause trouble.

Their request to lower fund fees just shows that Envision Capital is safe.

On the contrary, as a high-tech and industrial manufacturing company, Fuxing Industrial, especially its successful launch of a rocket last year, has attracted countless attention from around the world and is more likely to become the one that is suppressed. "

Xia Jingxing said "hmm" and couldn't help but nodded. Liu Hai's point of view was quite insightful. As a white glove and money-making machine for American powerful people, Envision Capital is the safest among all his industries in the short term.

The successful launch of the rocket by Fuxing Industry and its initial show of strength may indeed stimulate some politicians who are already hostile to Rabbit and some business forces who want to suppress Fuxing Industry.

However, Xia Jingxing didn't have any regrets in his heart. He didn't make money just for the sake of making money. Making money was just a means to realize his personal dream.

And according to his prediction, the bald eagle would not overturn the table so quickly, leaving him still a few years to dodge around.

"Forget it, don't think about this problem anymore, the soldiers will come to cover up the water and the earth!

In front of a state machine, our power is very weak. "

Speaking of this, Xia Jingxing's eyes showed a hint of determination, "But no matter how weak we are, we have managed to ignite a spark. After so many years of hard work, it is not without meaning."

Liu Hai nodded heavily. As the helmsman of Daxia Capital, he knew very well how much capital Xia Jingxing had accumulated over the years and what a huge business force it was.

Moreover, the seeds of these powers have already taken root in China, and the bald eagle’s hunting area is not that far away.

Xia Jingxing grabbed the document in front of Liu Hai, glanced at it and said: "The most tense and profitable moment of the European debt crisis has passed, and it no longer makes sense for our main funds to stay in Europe.

Goldman Sachs and Morgan Stanley summoned so many financial giants to take advantage of the situation, mainly to attack the euro and consolidate the hegemony of the US dollar.

Now that the political mission has been completed, they have all made a lot of money in the financial market, and are about to retreat. Only we have been working in vain. "

Liu Hai corrected: "It's not in vain, I made a total of 8 billion US dollars."

"It's all hard-earned money, and we invested a total of 20 billion U.S. dollars to establish a short position in the euro."

Xia Jingxing sneered. He actually knew that he was being used by Goldman Sachs and Morgan Stanley, but as a member of Wall Street and an asset management institution established by the Chinese, Vision Capital had to accept this investment certificate.

Liu Hai sighed and said: "Times have changed. Now the scale of our hedge funds alone has reached 107.3 billion US dollars. In the future, I am afraid that it will not be easy to even catch the opportunity to short European debt. How to maintain the high yield of the fund is a big problem." .”

Liu Hai's words touched Xia Jingxing's heart. Last year, except for the two better investment opportunities of shorting European debt and longing gold, there really weren't many opportunities to fish in troubled waters.

Now that Vision Capital has reached its current scale, it is not an easy task to maintain a top hedge fund on Wall Street with a 20%-30% return rate, which means a net profit of 20 to 30 billion U.S. dollars every year.

Without his golden finger to help, Envision Capital's employees can only be divided into countless trading groups, moving bit by bit like ants, accumulating small amounts to make more money.

This is a bit of a test of Vision Capital’s true capabilities.

Of course, he has also been consciously cultivating the independent trading abilities of Jiang Ping, Li Yaozu, Zhao Peng and others.

At present, there are still some achievements, which can at least maintain the average level of similar institutions on Wall Street and keep Envision Capital's tiger skin from being exposed.

"Stop raising new hedge funds, don't increase the scale of asset management in the short term, and don't let scale become a burden."

Liu Hai quite recognized this point, nodded and said: "Yes, Jiang Ping also mentioned this to me. He thinks that our team needs to be tempered a little more. We have fought too many smooth battles in the past.

Otherwise, we would spread the word and say that we would liquidate several hedge funds? In addition to showing confidence, it also scares those who ask for lower fees. "

Xia Jingxing smiled and said, "That's a good idea! But we can't just scare them, we must also guide these people and funds to where they should go in an orderly manner."

"Where to go?"

"for example?"

"Our PE funds and real estate funds are still very weak, and their scale is much smaller than that of hedge funds."

Xia Jingxing paused and then said: "Abel has managed these funds well, and the yields have begun to rise.

In addition, Ivanka has caused a lot of trouble recently and needs some support. "

Liu Hai understood in an instant that the powerful people regarded Vision Capital as a money-making machine, and Xia Jingxing regarded them as a group of tool people who would send them wherever there was work.

Ivanka is a troublesome woman, and the things she has caused recently are not trivial at all.

It was quite lively!

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