My Age of Investment

After the party hastily ended, the three took a taxi and headed to Asia SF, a famous nightclub in San Francisco.

Entering the dimly lit nightclub, the music is deafening and the lights flicker.

Xia Jingxing shrugged to the two of them, "That's it?"

To be honest, he rarely went to nightclubs, and when he was studying in the United States in his previous life, he never went there once.

It wasn't until I got to work that I went there a few times with my friends.

After experiencing it a few times, he was actually tired of it. He was noisy and didn't like it.

"Haha, you have to go in and enjoy the rhythm of the music!"

Andrew pointed to a bald guy with tattoos all over his neck playing a disc on the stage, "See that, the top 100 DJs in the United States, I like him the most on stage. He has super stage control and excellent atmosphere mobilization."

While speaking, Andrew pushed Xia Jingxing into the dance floor.

Xia Jingxing could not let go at first, but seeing Andrew, a fat man of more than 200 pounds kept winking at him, he had no choice but to jump up Ye Di.

After jumping for more than an hour, Xia Jingxing was sweating profusely and followed the two of them away.

Breathing the fresh air outside, Xia Jingxing looked at the two of them and asked, "Have you gone back?"

"go back?"

Andrew smiled so that the fat on his face trembled, "Nightlife has just begun!"

then.

The two took Xia Jingxing to a strip/dance club.

A steel pole stood on the rectangular stage, and more than a dozen young girls in bikinis began to perform various dances in turn.

The gentleman sitting in the first row kept throwing tips into the arena, and Xia Jingxing and the three also threw some into it.

The three watched the performance with relish, and Andrew and Liu Hai took Xia Jingxing to a quieter bar.

Sitting around the card table, Andrew said to the other two, "I'll see a beautiful girl later, go up and talk to me, we'll see you tomorrow morning!"

After speaking, Andrew flashed.

Xia Jingxing and Liu Hai watched Andrew walk towards a blonde who was drinking alone there.

Then, Andrew sat down.

Then, the blonde burst out laughing.

After a while, Andrew hugged the blonde and left. Before leaving, he glanced back at the two of them and blinked.

"That dead fat man Andrew is so charming? Absolutely the ability of money?

Am I right? Brother Hai. "

Xia Jingxing looked back when he saw that no one answered him for a long time.

The bangs are gone.

He looked around and finally found it. The other party was chatting with a brown-haired girl with wheat-colored skin. The two were chatting and laughing.

After a while, Liu Hai also left, and before leaving, he waved his sleeves at Xia Jingxing.

Xia Jingxing thought to himself that these two eldest brothers were really disloyal, they left him and just left.

Just when Xia Jingxing was about to leave,

A moving female voice came: "Asian boy, can you buy me a drink?"

Xia Jingxing was overjoyed, it seemed that he was still attractive and could actually "stand by and wait for the rabbit".

He followed the voice and looked back.

Why didn't you see anyone?

"Hey, I'm here!"

Xia Jingxing finally saw this time, a black girl was laughing at him, a row of white teeth dazzling in the dim light.

Fortunately, there was this pair of White Fang, otherwise he really couldn't find anyone there.

"Oh, sorry, it's time for me to go home! Next time!"

After Xia Jingxing settled the bill, he hurried away.

…………

…………

the next day.

Xia Jingxing woke up in a high-end hotel in San Francisco. He was shirtless and walked sleepily to the floor-to-ceiling windows of the hotel.

He opened the curtains, and the dazzling sunlight shone on him all at once.

Exchange good books, pay attention to the vx public account. [Book Friends Base Camp]. Follow now and get cash red envelopes!

He hurriedly covered his eyes with his hand, and slowly let go of his hand again, letting the sun shine on him.

Bathed in the warm sunshine, he was instantly full of energy.

It was almost noon at this time, and the two brothers who said that they met in the morning hadn't called him yet.

So, he had to call the two of them.

noon.

The three met at Fortune Restaurant in Chinatown.

Andrew and Liu Hai walked into the restaurant with a cheerful look, and walked straight to Xia Jingxing's table.

"How is it? Are you satisfied with your life last night?"

Andrew smiled and asked Xia Jingxing.

"It's okay, you two left early, and I didn't see any sister paper taking the initiative to invite me to drink!"

Xia Jingxing had a happy face, with a smile that only men would understand.

"Really? And sister paper invites you to drink?"

Liu Hai's eyes widened as if he didn't quite believe it.

With a slight smile on Xia Jingxing's face, he picked up the teacup, took a sip, and said nothing.

The two believed it to be true, and took their seats one after another, wanting to ask what happened.

"Ouch!"

As soon as Andrew sat down, he held his waist.

"Andrew, what's wrong with you?"

Xia Jingxing saw Andrew's pained face, and quickly supported the latter, and asked with concern.

Andrew waved his hand, "It's an old problem, it's nothing."

"Did you flash your waist last night?"

Liu Hai grinned, "Everyone is so familiar, no need to cover up, no one will laugh at you."

Andrew bluntly denied, "Absolutely not! Don't think about it."

Qiu Zhiyi came out of the kitchen, smiled and greeted the three of them.

"Yo, Mr. Andrew, what's wrong with your waist? Have the old problem again?"

Qiu Zhiyi asked with concern when he saw Andrew holding his waist.

"See, Qiu can testify for me and tell you guys, it's a problem!"

Qiu Zhiyi asked, "Then Mr. Andrew, will I still serve you turtle soup?"

Xia Jingxing was drinking tea when he was choked by this sentence and coughed again and again.

"Turtle soup, hahaha~"

Xia Jingxing almost burst into tears.

Andrew shrugged, "That soup is not bad. I usually drink it whether my back hurts or not."

Liu Hai jokingly said, "Andrew, you should take it easy. Don't compare yourself to young people."

Andrew is no longer stubborn, and accepts criticism honestly.

after a little while.

A large table of Chinese food was all set up, and the three of them began to eat, chatting while eating.

"Brother Hai, you have already obtained your investment consulting certificate. Have you thought about your future plans?"

Xia Jingxing threw a piece of beef into his mouth and asked while chewing.

Andrew also looked at Liu Hai and said with a smile, "William, this certificate is not easy to get, how did you pass the test?"

Liu Hai replied with a smile, "How else can I pass the exam? I usually take more time to study!"

That being said, but Liu Hai thinks of the life of the past six months, it is really hard to die.

Not only have to go to work, but also have to study and take exams, let alone entertainment time, the rest time is almost not enough.

Just when he wanted to give up several times, he thought about what Xia Jingxing said to him, and about Xia Jingxing's deeds.

I want to get ahead in my life, what is this hardship now?

Gritting his teeth, he insisted abruptly.

The speed of obtaining the certificate far exceeded Xia Jingxing's estimate.

As a result, Xia Jingxing's deployment was somewhat disrupted.

Liu Hai pondered for a moment and answered Xia Jingxing's question: "I haven't thought about it yet. At that time, you said that you might set up a private equity fund, so I thought I'd get the certificate first, and then I'll be able to make a point or two."

Looking at Xia Jingxing, Liu Hai said a little humbly: "It's just that although I have obtained the certificate, I am really just a novice when it comes to investing.

In the past few years, First Securities has also contacted some small and micro customers.

If you want to set up a fund, the things involved will be complicated, from raising funds, to research, risk control, investment management... There are a lot of things that you need to be responsible for. "

Xia Jingxing waved his hand, "Brother Hai, I'm a novice too!"

Andrew laughed and said, "A novice who has earned 500 times the income in a year and a half?"

Xia Jingxing's initial capital was only US$50,000, and the net value of the Aimico shares held was almost US$25 million after deducting borrowings.

In one and a half years, it has doubled 500 times!

This is also true!

For these things, Andrew, a close lawyer and partner, is very clear.

Xia Jingxing smiled, "Individual stock trading and institutional stock trading are two different things! The latter involves a larger amount of capital, is less flexible in decision-making, and is much more complicated to manage."

Andrew stopped teasing Xia Jingxing and nodded solemnly: "That's true! It's basically impossible to recreate your previous investment myth.

Give you 100 million, a year and a half, and give me 50 billion to see? "

Xia Jingxing continued to say to Liu Hai: "In terms of institutionalized operation, you and I are both newbies, and we all need to relearn.

So, you don't have to have any psychological baggage.

I can give advice on industry research, investment decisions, etc.

But in other areas, you need to do more. "

Having said that, Liu Hai stopped being humble and asked, "Is the direction of our fund's operation a hedge fund? Or is it private equity?"

"Hedge Fund!"

Xia Jingxing said decisively, "Private equity, the cycle is too long, and the target is too large."

Andrew said with a smile: "Legacy asset management groups like Blackstone and KKR have multiple funds covering the entire investment chain and category."

"It can't be compared with them. They have been developing for decades. We can only do a good job in one fund and one investment direction first, and then we can talk about others."

Xia Jingxing had no idea of ​​building a capital empire, but he was so poor that he should be more pragmatic.

"Investment strategy, with you here, I'm not worried at all."

Liu Hai boasted with a smile, and then said: "But the first step in front of us is to raise funds.

A mature investor in a hedge fund is defined as a natural person with an annual personal income of more than $200,000, or a joint annual income of more than $300,000 with a spouse, or a net worth of $1 million.

Institutional investors are: state or government pensions, non-profit organizations, sovereign wealth funds, banks, insurance, brokerages, university endowments…”

Liu Hai looked at Xia Jingxing and said with a smile, "Without taking into account the profit distribution, we charge a management fee of 2%, and we must have a management scale of at least 100 million US dollars before we can receive a management fee of 2 million US dollars for a small team. staff salaries, office rent and other daily expenses.”

"100 million US dollars, we will not discuss it for the time being. I said that the funder can be contacted at present."

Xia Jingxing glanced at Andrew and asked, "Do you have an annual income of $200,000?"

Andrew felt underestimated and shook his head again and again, "I don't, I'm not a qualified investor, don't look for me."

Xia Jingxing ignored it and continued: "President John can introduce the administrator of the Stanford University Foundation for us, and Mr. Liu Jinhang also promised to contribute a part of the capital, and he will also introduce us to some qualified investors..."

Looking at the bangs, Xia Jingxing shrugged and said, "If this is not enough, I can still contribute a part of it."

"If these can be successfully negotiated, there may not be one hundred million, but there must be tens of millions."

Liu Hai said with a smile: "Actually, this is quite a lot. Many small hedge funds have a management scale of 10 to 20 million US dollars, and even less than 10 million US dollars."

Xia Jingxing shook his head, "They are family workshops, we cannot use them as a reference.

Since we want to do it, we have to do it in the direction of regularization and high standardization.

Once the first phase of the fund is done, there will naturally be two and three phases, and fundraising will also be relatively easy. "

After talking about fundraising, the two talked about other matters of fund preparation.

After a meal, the preliminary plan was finalized.

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