An iconic skyscraper conference center in Victoria Harbour, Central, Hong Kong.

The curved stepped multi-purpose hall was full, and investors who got the admission tickets waited with excitement for the appearance of the head of dark matter capital, because RCAPITAL had not even held a five-minute meeting, and investors were more familiar with the very DMC-style conference call and DMC's quarterly letter to customers.

In the limited information disclosed, it doesn't tell you how you spent your money, but only clearly conveys one point: make money.

As an investor, you can choose to redeem the fund, or you can continue to keep the money on the DMC book - the headache is the person who pays the money, and the person who spends the money never explains.

It sounds arrogant, but it can help investors make money, and the flaws are not hidden. As stated in financial magazines, this absurd mystery has become the most essential profit characteristic of hedge funds.

In fact, more and more hedge funds have come to the fore and entered the public eye, and many fund managers have shown their heads and been portrayed by the media as financial stars with halos, and are warmly sought after by stockholders.

But it has bucked the tide and adhered to the hedge fund's secretive and low-key way of doing things as always.

The outside world does not know its scale, even the founder is unknown, and only a few people in the fund circle can get a glimpse of the whole picture of dark material capital hidden underwater, and sigh that its foundation is solid, stable and trustworthy.

At the age of 13, he was admitted to Tsinghua University with a perfect score in mathematics, and at the age of 15, he studied in the Department of Mathematics at MIT, and after obtaining a degree in mathematics, he switched to computer science to study PhD, developed an intelligent image recognition system, introduced venture capital, and founded Black Mirror, which is like a rising supernova in the technology industry.

However, when Silicon Valley paid more attention to Gao Min, he was oblivious to the public, staged a modern version of Hurt Zhongyong, and disappeared from people's sight.

Who would have thought that a few years later, the person behind this hedge fund with tens of billions of dollars in assets would be Gao Min, who had lost Silicon Valley in the past.

The investor who knew a little about the inside story asked the person next to him to popularize what he knew, and at this time, there was a sudden commotion in the front row, the lights of the venue dimmed, and a person walked quickly onto the stage from the entrance.

His short sideways hair is combed to reveal his forehead, his facial features are delicate and deep, his complexion is pale, his figure is tall, he wears a simple white shirt with a stand-up collar and black casual pants, and he wears dark blue loafers, which looks relaxed and casual, but no one can ignore his calm and confident elite temperament.

The investors present could not help but be in an uproar, the person who manages tens of billions of dollars in assets is too young, you must know that he was only 22 years old when he established the dark material capital, and there is no shortage of passionate young people in the investment world.

Gao Min looked around the venue, pressed down with his left hand, and said in English with a Boston accent: "Gentlemen, please be quiet", he pointed to the dial on his right wrist, "The five-second countdown begins", and at the same time, a huge Arabic numeral 5 appeared on the big screen behind Gao Min, and the crisp sound of the second hand moving struck the hearts of every attendee.

At the moment of zeroing, a smile rose at the corner of Gao Min's mouth, "Just now, at 3:00 pm, Dark Matter Capital closed the trading channel and suspended the acceptance of new investors. Now, allow me to extend my heartfelt congratulations to all of you! ”

Suddenly, the venue was boiling, and the shortlisted investors were no less excited than getting the ticket to board Noah's Ark at the end of the world, although this means paying a 3% management fee, and at the same time handing over 20% of the trading profits as a performance commission, but investors are still flocking to it, and they are fortunate to take the money-making express, so why not have some blood, after all, some people with huge sums of money may not be able to find a way to get started.

Gao Min waited for the joy that infected the audience, and he walked to the center of the stage, and on the dark screen behind him, the dark matter logo with a backlit effect showed the momentum of self-esteem.

"Before the meeting starts, I need to take some time to make a brief explanation", Gao Min slowed down his voice, a little contemplative, allowing the audience to calm down and concentrate, "First, the scale of dark matter capital, I believe you have been skeptical about this question for a long time, and now I will answer it on my behalf, DMC's goal has never been to become a diversified large financial institution like Goldman Sachs or Morgan Stanley, and expanding scale is not our ultimate pursuit." ”

"There's a famous saying in the hedge fund world: size is the poison of efficiency, and the larger the hedge fund, the lower the expected risk-return. In other words, it is not wise to sacrifice yield to scale, and what DMC needs to do is to ensure the effectiveness of the operating strategy to achieve optimal AUM. Here, I would like to sincerely advise you that when investing in hedge funds, please use your experience to carefully screen, and be sure not to depend on the size, Lehman Brothers is a lesson from the past! ”

Gao Min paused for a short time, and a line of big words appeared on the slide: investment strategy and risk control management, he looked at it, looked back and smiled, "What are you worried about, I don't know - you took out a lot of money and put it in our hands, as for how we spend it, what we buy, I don't tell you at all, that's right, gentlemen, openness and transparency are the things we hate the most!" ”

The audience burst into laughter. Gao Min smiled, Zhengse said: "We buy and sell, by no means a pat on the head to decide, DMC has the most core quantitative research department and fine background management technology, by the mathematical and astrophysical experts jointly developed mathematical models for our trading technical support, in order to evaluate and grasp various opportunities, can be at any time and efficient deployment of investment strategies, it can be said that we rely on the program to do business." ”

"DMC has different investment portfolios, based on global macro strategies, using a wide range of investment tools to capture trading opportunities for a few seconds or a few days, taking the initiative to be active in various market sectors around the world, and obtaining absolute alpha from volatility. Of course, we also adopt zero leverage and pursue medium and long-term investment opportunities! ”

"But, gentlemen, this is not something to boast about, almost all hedge funds claim to be engaged in technology investments, and DMC is most proud of the ultimate risk management, market volatility is normal and unpredictable, in order to ensure the preservation and appreciation of client assets, we emphasize diversified portfolios to cope with strategic adjustments in different crisis environments."

"At the same time, we will use 40% of our capital under management as free cash flow to ensure that we have sufficient capital to seize strategic opportunities when the market is volatile, and to enable our clients to reap stable returns regardless of bull and bear markets!"

The words on the slide change again: the field of investment.

"DMC's two major hedge funds invest in securities, equities, foreign exchange, futures, and energy, and have been very successful so far. There is no way out for conservative funds, so we are committed to expanding new investment areas, such as TMT and medical and health care, good projects we will hold shares for a long time to help them create Zào social value, and PE business can be a zero-sum game, or a cake to make a big game, whether it is a pre-IPO or long-term investment, depending on the size of the market bubble! ”

"Finally, let's count jù illustrate a qiē!" Gao Min gave up his position in the middle and stood at the bottom left of the big screen, and three sets of numbers appeared on the slide: 14 years, 21 billion US dollars; 15% average annual return; 3 times the S&P 500.

"Since its inception, Dark Matter Capital has netted investors by $21 billion from 2001 to 2015, and this number will double in the future.

Gao Min stretched out his arms and faced the audience, "I wish you all a wonderful cruise night tonight, drinking good wine and enjoying the night view of Victoria Harbour, then, the rest of the time will be handed over to DMC's portfolio managers."

The audience burst into long-lasting applause, and Gao Min bowed his head and took the VIP elevator directly to the top hotel.

The turquoise leaves are half rolled and half soothing in the clear cup, and the fragrance of tea hits people.

Gao Min kept his eyes on it, and in less than a moment, there was a knock on the door.

"Come in"

Assistant Qiao Hang walked in, saw the slight tiredness between the boss's eyebrows, and hesitated: "Did you disturb your rest?" ”

Gao Min pressed his temples and said, "It's okay, what's the matter?" ”

"Mr. Chu of Zeitgeist reflected that the B2C online trading platform we bought could be integrated with their website, which just filled the blind spot in their website service, but the new issue was ......."

Qiao Hang's appearance was a little embarrassed, and Gao Min looked at him without saying a word.

He gritted his teeth and said: "What Mr. Chu means is that the new magazine does not match the style of their offline magazine, and it cannot be co-published, and besides, they are busy preparing for the listing, and they have no energy or extra manpower to make a new magazine,"

Gao Min interrupted Qiao Hang, "If I'm not mistaken, the name of their magazine is Maniac, it is a pioneer magazine full of experimental nature, when I first contacted Mr. Chu, I reminded him that the positioning is too marginal, too far away from the public, and the publicity effect is limited, because of this, I bought a new issue called Aibilin and a supporting trading platform, adding a bit of down-to-earth elements to Mr. Chu's Zeitgeist website."

"Didn't Mr. Chu say that he didn't have the energy to make a new magazine, okay, you can find a helper for him to do it...... Who is the original planner of Love Neighbors? Dig it up at any cost, that person is very talented, even the structure of the online trading platform has been covered, and I have also read the business plan and market research analysis report written, their business model is very mature, if he comes to the door, I will invest 100% of the money! ”

After Gao Min finished speaking, Qiao Hang showed a strange look on his face, and he quickly said a name.

"Who?"

"Shu, Shu!"

Wouldn't it be - Gao Min's expression appropriately interpreted these three words, so he asked again, "The Shu neem who hit my car?" ”

Qiao Hang nodded, "I just knew, I contacted a few magazines, I was not very satisfied, just a well-informed middleman came to talk to me about business on behalf of the seller, said that the new issue and the supporting online trading platform were packaged and sold to me, and asked me if I was interested, and then you personally made a decision and bought it at a price accepted by the other party, as for the seller behind it, I didn't explore until I called the phone number of Chengtou Group when I contacted Miss Shu."

"I found that the phone number left by the seller was very similar to the unit phone number on Miss Shu's business card, obviously, one was the host and the other was an extension, so I speculated that they should be in the same unit, and then I started to check."

Inexplicably feeling a little dry in his throat, Gao Min took a sip of tea and asked, "Your conclusion?" ”

"The seller's name is Yan Baohang, he is Shu Neem's top boss, the two work in the corporate culture * department of the urban investment group, Ai Bilin magazine and online trading platform are prepared by Shu Neem alone, Yan Baohang is only a celebrity, he took advantage of Shu Neem's contact with investors and had no time to take care of the time, and packaged the magazine and the platform and quickly sold it for profit"

"I think with Miss Shu's position, it is difficult to agree to make a magazine for us", Qiao Hang was worried.

was originally a boss, but he turned into a wage earner, and he was not happy to change anyone.

The slender fingers tapped on the table, Gao Min lowered his head and considered, active or passive, the final result was that they and that Yan Baohang teamed up to cause Shu Neem's out.

What happened to Shu Melia was almost the same as he was many years ago, and this situation was not something he was happy to see.

Gao Min raised his head, "In this way, you go to book a plane ticket, and return to the mainland as soon as tonight's cocktail party is over, before I talk to Shu Neem, I hope you put her resume on my desk, preferably detailed to every detail!" ”

In other words, an investigation? Qiao Hang took the order and left.

Shu Neem walked on the way to the appointment unconsciously, and her former colleague Meng Yuan was getting married, and invited her to be a bridesmaid, which was really happy and sad.

On the way, Shu Neem sneezed -! Who is saying bad things about the old lady behind her back!?