Chapter 66 Establishment of the Fund

After clearing all positions in the crude oil futures market, Zhong Shi has been busy in Hong Kong non-stop about the new fund. After harvesting a total of $450 million in the crude oil market, according to the previous agreement, Andrew, Li Mingyang, Zhong Yi and Liao Xiaohua shared $4.5 million equally, with an average of more than $1 million in remuneration per person.

For such a windfall, the happiest is naturally Li Mingyang. He was originally forced to stay in the United States by Standard Chartered's trading department, and he was very reluctant at the time, but he is very glad now, fortunately he stayed at that time, otherwise he would have missed such a large fortune in vain, knowing that it would take him at least ten years to make so much money at Standard Chartered.

Zhong Shi is also very satisfied with his trading, and he also needs several experienced traders and traders when he is about to set up a new fund, so he was thought of when setting up a new fund company.

"Do you really want me to join the fund house?" Although it was all a buyer's market, all of Li Mingyang's previous work was pure buying and selling, based on research reports from investment banks or his own analysts, who just observed the market trend and trading volume every day, and to put it bluntly, the role of investment advisers. As for entering the fund company, he is not sure if he is competent.

What he didn't understand was that the fund that was established now was just a means of explaining to the outside world, and in essence, most of the research and strategy of this fund were done by Zhong Shi alone. Naturally, in order to diversify the risk, the funds of this fund will be divided into several parts and invested in different markets, and Hong Kong's financial market is extremely developed. In addition to Hong Kong's capital markets, global markets are free to participate.

Zhong Shi naturally did not explain all this: "Your performance in the crude oil futures market is seen by everyone, and I believe that no one here should object." But if you don't give up your job at Standard Chartered, I'm not reluctant, it's up to you now. ”

In addition to Zhong Shi, several people who work together in the crude oil futures market are there. This is a high-end office building in Central, Zhong Shi and Liao Xiaohua and others came here to see the address, since they want to set up a fund company, they naturally need an office space, they have run to several places in the past few days, but they have not determined the office space.

Li Mingyang looked at Andrew. The two of them formed a deep friendship in the battle of the crude oil futures market. After all, both of them are traders, and they have a bit of sympathy for each other. When Andrew saw Li Mingyang looking over, he nodded imperceptibly, and Li Mingyang was heartbroken. So he agreed: "In that case." Then I'll report my resignation when I go back. ”

"We are about to launch a number of hedge funds. In addition to the global macro aspect, it also focuses on the relevant derivatives market. As long as there is a profitable place, there should be our voice. Zhong Shi looked at Li Mingyang. Then he continued: "In my plan, in addition to the United States, Japan, Europe and other markets, the Hong Kong market will also be fully involved. ”

His words made several people's blood boil, they were all "old ministers" who followed Zhong Shi to fight the world, and they were very familiar with what Zhong Shi had done in the past few years, so they naturally knew that what Zhong Shi said was not a big deal.

Although Li Mingyang did not participate in a series of previous investment activities, he could personally see a billion dollars of funds in his account when he invested in the crude oil futures market, although most of this money was not used in the end, but it also made him realize the wealth of this new boss.

"In addition, we also have to recruit investment elites around the world, and at the same time recruit excellent analysts from the research department of investment banks, and this work will be carried out by Liao Xiaohua, no opinion, right?" After Zhong Shi talked for a long time, he gave Liao Xiaohua a position as director of human resources.

To be honest, the job is about recruitment, and as long as you go through a professional headhunting firm, you can find excellent analysts in many financial institutions in Hong Kong, as long as the salary is high enough. If all trading decisions were made by Bell Stone, it would feel too shocking. Therefore, Zhongshi needed to recruit a team of analysts, including professionals in stocks, bonds, interest rates, exchange rates, and even mathematics and computers.

In fact, in Zhong Shi's vision, this fund will have five or six fund managers to manage the funds invested in different markets, and the largest share will be controlled by Zhong Shi himself, and the whole team will only have four people, including Zhong Shi and Zhong Yi.

Liao Xiaohua's face showed a happy color, now he can blatantly hand over the funds to Zhong Shi to take care of, he has already made up his mind and is firmly tied to Zhong Shi's ship, now that he has such an opportunity, he will naturally not miss it.

Just as Zhong Shi was about to continue, Li Mingyang suddenly interrupted: "Don't you know that our fund accepts investment from internal employees?" ”

Li Mingyang is an investment background, and he has a strong sensitivity to every word he says. You must know that the role of investment advisers like them may be sued by the client if they say the slightest wrong thing, so they are extremely careful in what they say, and naturally they are very careful in listening to others.

What Zhong Shi said just now is to set up a fund, not to launch a fund, and these two words can be said to be very different. The establishment of a fund means that the funds raised by the fund have been in place, while the initiation of a fund is the intention of asset management, and the corresponding funds need to be raised through different channels.

Well-known hedge fund managers are investors waving cheques asking them to help manage their funds, and some hedge funds are closed to outside investors shortly after they open because they don't want to help too many investors manage their money or control the size of the fund. In later generations, there was a fund manager who founded natural gas futures as the investment target, and his yield made the outside world salivate, and many people begged him to open the subscription through various relationships, and finally only his childhood friends could subscribe for a certain share.

Therefore, when Zhong Shi said that it was established, Li Mingyang keenly felt that Zhong Shi obviously had a strong confidence in the prospects of this fund that had not yet been established, and had strong financial support. That's how such a thing can be said.

Zhong Shi glanced at him deeply and replied, "Naturally, all employees within the fund can invest." However, there are some restrictions on the amount of investment, the minimum amount must not be less than $100,000, and the maximum amount must not exceed $10 million, what do you think? ”

"$100,000? Oh, my God! Li Mingyang glanced at the check in his hand that had not yet been hot, and shouted out another question that suddenly popped up in his heart, "Zhong Sheng, how big is the scale of our fund?" ”

"A billion dollars!" Zhong Shi held up a finger and shook it at Li Mingyang. A look of disapproval. In his vision. Most of the funds of this fund company will be taken care of by themselves, and in addition to their own funds, they will also accommodate the funds of a limited number of people such as the Liao family and Andrew.

As for the threshold of $100,000, it is not his words, and those with a little experience in the financial industry only need to have some years. You won't be out of a million Hong Kong dollars. As for whether they will vote. It depends on each person's eyes.

After waiting for a long time, seeing that Li Mingyang had nothing to say, Zhong Shi continued: "As for the brokerage house. In addition to stocks and futures, it is also necessary to find several corresponding brokerage houses in the foreign exchange market, preferably the kind with good reputation and relatively high membership level. Also, keep an eye on the OTC market, where the underlying amount of the contract is larger and easier to profit. After finishing speaking, Zhong Shi looked at Andrew: "You are responsible for this aspect, after all, you are most familiar with the brokerage bank!" ”

"Isn't HSBC's brokerage channel needed?" Andrew nodded, and asked again curiously.

Zhong Shi shook his head and explained in some vague terms: "I have other uses for these passages, so you can leave them alone for the time being. The crude oil futures incident taught him a lesson, that is, you can't concentrate all your funds in a brokerage house, otherwise it is easy to attract the attention of the market, and if someone wants to launch an attack, you may run into trouble. Although this time he inadvertently encountered a systemic risk in his favor, he also reserved enough margin in his account, otherwise he might be pulled up by the bulls and liquidated.

After listening to Zhong Shi's explanation, Andrew didn't want to ask anything more, so he nodded at the moment, signaling that he was clear.

"As for the trivial matters of office location, it's really troublesome!" Zhong Shi glanced around and couldn't help but frown. To be honest, these are small things, but after all, these are places to work in the future, but they can't be sloppy at all, after all, they also represent the image of the company to some extent. "I'll leave this matter to you, it's best to have the most haode lot and the highest floor, and then buy the entire floor, can this matter be done?" Zhong Shi thought about it for a long time, and finally decided to hand over this matter to Li Mingyang. First, he is a professional and familiar with the working environment, and secondly, it also means to examine his investment vision, after all, if you buy a floor, this is the company's assets and an intangible investment.

Li Mingyang is undoubtedly a smart person, and he quickly understood the truth, he nodded solemnly, and then seemed to remember something, and couldn't help asking: "Zhong Sheng, I don't know what our capital management company is called!" ”

"Horizon International Capital Management, registered in the Cayman Islands, first set up five funds: Horizon Japan, Horizon Europe and the United States, Horizon China Growth, Horizon Global Macro and Crypto Bonds, once established, the two funds of Global Macro and Bonds will be personally helmed by me, and the initial capital size is set at about 700 million US dollars. The other three funds each have a size of $100 million. I have entrusted the relevant headhunters to carry out the relevant recruitment work. ”

What Zhong Shi did not expect was that the asset management company, which had never planned to open to the outside world from the beginning, would eventually become famous because of certain things, and even caused an uproar. Even more than a dozen years later, the son of a certain big man deliberately took a similar name when he set up his own private equity fund. (To be continued......)

PS: Thank you for the tip! Thanks to the book friends? Smile↗ Sayyan's evaluation vote! The big fans of this book make me think about tipping every day, thank you again! Everyone's support is the author's motivation, and I hope that more book friends can pay attention to this book~