My 1999

"I heard that Mr. Joe from the Indian Ocean Fund received a full US$100 million in bonuses this time!"

"Wow, my God, is that exaggerated?"

"There may be more. You must know that the Indian Ocean No. 3 fund managed by Jiang Dashen has been the hedge fund with the second highest return rate in the world in recent years.

Second only to the company’s highest god, the ‘Big Boss’. "...

In the morning, in the office lobby of Xiangjiang Hanhua Financial Center, several employees were gathering together and talking quietly, without noticing Sun Zhenping getting closer and closer behind him.

Several people made a bunch of envious remarks, and a young Chinese man in his twenties suddenly said:

“Do you think this bonus package is fair?

Our entire team, including researchers, traders, risk control and other support positions, together, the total bonus pool is only more than 40 million US dollars, which is less than half of Lao Qiao’s bonus. "

An old employee glanced at the newcomer who spoke and sneered:

"Fair? To be fair, you should first be promoted from analyst to manager.

Then if you get promoted to senior manager, you can get a bonus of hundreds of thousands of dollars like me.

If you are promising enough and rise to the position of VP, you can manage a small team of four or five people, and then you can make money. I heard that our boss got millions of dollars this time. "

The new analyst who asked the question was named Cao Yang. When he heard the number of millions, he looked envious and said:

"Is that much? And it's just performance bonus? It doesn't include half-year bonus or year-end bonus."

As an old employee, the senior manager continued to show off and said with a pretentious look:

"Is this a lot? Which of the real big names on Wall Street doesn't earn tens of millions or even hundreds of millions of dollars a year?"

Cao Yang smiled and didn't answer. It was too far away and he didn't dare to think about it. He felt that VP Vice President was his next goal.

An old employee next to him couldn't stand it anymore and laughed and cursed:

"You guys are talking nonsense again. Shouldn't the real big shots be shareholders like 'Jiang Dashen' and 'Sun Yan Wang'?

In fact, Lao Qiao is just a wage earner like us, but he is a wage earner. "

The senior manager grinned, quickly changed the subject, and asked Cao Yang:

"Dude, what college did you graduate from? What degree?"

"I graduated from the Department of Mathematics at Huaqing University with an undergraduate degree. I went to study in the United States two years ago and received a master's degree in financial engineering from the University of California, Berkeley. I came to Hanhua during the school recruitment."

"Then your resume is still a bit weak. Among the newcomers who came in at the same time as you, you are the worst.

Several other PhDs were assigned the rank of Associate Manager, and one seemed to have switched jobs from Goldman Sachs and was also a Manager. "

Cao Yang could only laugh at this. Who said this was Hanhua?

After seven or eight years of hard work, Hanhua is now the world's top private equity institution.

The two major funds, Pacific and Qinglong, have always occupied the first place in the world's major fund rankings in the two categories of private equity and hedge funds.

And it has dominated the list for four consecutive years.

It can be said to be famous and famous all over the world!

One of his classmates failed to pass the Goldman Sachs interview two years ago, so he had to go back to study for a master's degree, and finally got into Goldman Sachs this year.

Hearing that he had interviewed at Hanhua and passed the internship, his classmate's eyes almost popped out of his head, and he immediately began to lament the unfairness of his fate.

This is because investment banks, except for their self-operated departments, are all sellers and have large teams, so there is a huge demand for recruitment and it is relatively easy to get hired.

The hedge fund department of Hanhua Xiangjiang Office belongs to the buyer, with dozens of people managing tens of billions of dollars in funds. The recruitment demand is small and it is difficult to enter. It basically does not recruit fresh graduates, only those with work experience.

Extending to aspects such as salary, professional resume and growth potential, hedge funds, the crown jewel of the financial industry, are also stronger than investment banks.

Is there a big boss in an investment bank with an income of hundreds of millions of dollars?

Goldman Sachs CEO Blankfein's income last year was only US$44.07 million, and the CEOs of several other major investment banks were almost at the same level.

The only way to get rich is to work in a hedge fund!

A few people laughed and laughed for a while, and were about to start today's work. When they turned around, they saw Sun Zhenping looking at them with a smile, and everyone's smiles instantly froze.

Sun Zhenping raised his watch and glanced at the time, then said with a smile:

"You're lucky. It's official working time in two minutes. If I see you continuing to do nothing like this during working time next time, everyone, get out of here."

Several employees who were chatting together just now immediately slid the chairs under their buttocks and dispersed in panic. Every one of them was frightened.

Cao Yang, in particular, is very afraid of losing his hard-won job. Working in a top hedge fund is also the dream of countless students from prestigious schools.

Even if you study in a prestigious school, not everyone can enter the financial industry.

You have to prepare and compete from your freshman and sophomore years, squeezing your brains out every year for internship opportunities released by top financial institutions.

Every summer, Morgan Stanley receives approximately 90,000 internship applications for analyst and assistant positions offered by its summer program, but the acceptance rate is less than 2%;

Goldman Sachs' acceptance rate is also pitifully low, with an acceptance rate of 2.06%.

In comparison, Harvard University’s acceptance rate of 5.9% is considered high.

And this is just an internship opportunity, and it’s only for investment banking.

It is self-evident how difficult and lucky it is for him to join a private equity giant like Hanhua as a fresh graduate, or the most dazzling hedge fund department.

In the outside world, they are the pride of heaven, but in the global financial world, they can only be regarded as a soldier.

Even now, they are not even soldiers. It is not their turn to fight in the battle. They can only do some odd jobs, collect and organize information, and pour coffee.

Sun Zhenping scolded and left.

Cao Yang looked in the direction where the boss left with lingering fear.

Looking at the colleagues around, one by one, they all entered the working state, concentrating on looking at the six-screen computer in front of them, and began to obtain today's financial information.

I have to work hard, Cao Yang clenched his fists!

After Sun Zhenping entered the office to deal with the work at hand, he took the elevator to the top floor of the building.

"Are you here? Come and play two shots."

Xu Liang was playing golf on the golf course in the office. When he saw Sun Zhenping coming, he immediately greeted him.

Sun Zhenping didn't say anything polite. He picked up the club next to him and played golf with Xu Liang for a while.

"It's not fun. I can only putt. What do you think if we convert an office floor into a golf course?"

Sun Zhenping said with a smile: "The floor height is not enough, so I can't swing the club?"

Xu Liang: "That's a pity."

Sun Zhenping didn't continue to chat with Xu Liang and talked about serious matters.

"Jiang Ping is ready to do it. He said that if it's too late, he will miss the opportunity."

Xu Liang nodded, and then asked: "What about you?"

Sun Zhenping smiled and said: "Of course I will do it too, but I need you to come forward and negotiate the margin ratio with several investment banks.

Hanhua is no longer what it used to be. It is also a credit guarantee in the global financial community. They can no longer cooperate with us with the previous set of standards."

Xu Liang nodded.

"I support reasonable requests, but I don't need to come in person to negotiate, right?"

"Mr. Xu, that's a fund of tens of billions of dollars. I, the president of the Hong Kong office, am not qualified enough."

"Don't underestimate yourself. The 'Indian Ocean No. 1 Fund' you have managed in recent years has a great reputation in the global hedge fund industry."

Xu Liang was not complimenting. The 'Indian Ocean No. 1 Fund' is basically on the list of the world's top 10 hedge funds every year, such as Bloomberg Businessweek and Fortune.

"You are too kind. I am just following the rules. Without you leading the way, the 'Indian Ocean No. 1 Fund' would not have developed so well in recent years."

"You are too modest. 'Following the rules' sounds simple, but few people can do it."

Who can enter Hanhua and achieve some success? They are all masters and doctors from domestic C9 and foreign Ivy League schools, elites who have fought out of thousands of troops?

These people have their own pride.

They can't stand other people's gossip, so why play 'following the rules'?

And copying homework also requires skills.

Stocks, bonds, positions, positions, and delivery, every step needs to be carefully considered.

Under Sun Zhenping's five years of consistent operation, the 'Indian Ocean No. 1 Fund' has maintained a return rate of nearly double every year, which is stable, efficient, and not blind. The trading funds have also expanded from the initial 1 billion US dollars to the current 10 billion US dollars.

In five years, it has created nearly 19 billion US dollars in revenue for the company.

Net return exceeds 8 billion US dollars.

Ranked seventh among all hedge fund managers in the world.

There is no wrong version in 16-9-1 book-1 bar!

This talent and character can be called a dragon and phoenix among people.

Xu Liang waved his hand, and Li Jinling immediately handed over a document.

After taking it and taking a look.

"Old Sun, in view of your outstanding achievements over the years and creating rich returns for the company, the company's management committee has decided to promote you to 'senior partner'."

Xu Liang handed over the document.

Today, as Hanhua's development continues to move towards new heights, the scale of personnel is also rapidly expanding, and the company's job levels are constantly adjusting.

It is divided into nine levels: analyst, manager, senior manager, general manager, vice president, senior vice president, partner, senior partner and executive director.

It can be understood as P1 to P9 of Internet giants, and the basic salary is determined according to the level.

A powerful trader can earn more bonus than a vice president of a small boss if he achieves good results;

A vice president of a small boss can earn more bonus than a senior executive above the partner level if he leads a small team to do well.

A partner is equivalent to the boss of a first-level business department of Hanhua, such as the head of the Shanghai office, the head of the Hong Kong office, etc.

VC, PE, secondary market and other departments only have one senior vice president.

Relatively speaking, Hanhua is stingy in setting job levels and does not issue them indiscriminately.

At present, it is only a company that has been established for more than seven years. If it issues job levels indiscriminately at the beginning, it will be difficult to get promoted in the future. It is impossible to create several job levels, right?

As far as Xu Liang knows, UBS really did this and created a job level above MD, Group MD, while Goldman Sachs created a PMD, also known as: Partner Managing Director.

There is no way around it. Goldman Sachs has more than 2,000 MDs, and the job levels are completely messed up.

In Xu Liang's job level planning for Hanhua, analysts and managers are grassroots employees;

Senior managers and general managers are small bosses in a fund and belong to the middle level.

Each is responsible for an investment group/track, such as consumption, medical care, technology, etc.;

Vice presidents and senior vice presidents are the heads of one or more funds;

A partner is the head of a department, such as the Hong Kong office of Hanhua Capital, or the South China branch of Hanhua Securities, etc.

As for the senior partners above, they can get virtual shares of the subsidiaries, also known as dry shares.

They will receive dividends from the profits created by the subsidiaries every year, which is better than the current conditions of only receiving dividends from "profits created by this fund and this department".

As for the shares of the head office of Hanhua Group, they will not be handed over to anyone except Xu Liang and Jiang Xiaoyang.

Even those that were distributed many years ago have been bought back long ago.

And they have exchanged for the equity of the subsidiaries.

Hanhua's strategy is very clear, the subsidiaries can be listed, but the head office will not be listed.

The last level of Hanhua is "executive director".

At this level, you can join the Hanhua decision-making committee and truly enter the core circle.

Have the right to express opinions on all major decisions of Hanhua.

From the establishment of Hanhua to the present, the number of people who are truly qualified as "executive directors" is less than two palms.

Sun Zhenping is currently the head of the Hong Kong office. As a senior Hanhua employee, his rank is "partner", and his rights are similar to those of Goldman Sachs' "partner".

Goldman Sachs has quite a lot of partners, about 400 to 500 people.

In addition to the higher fixed salary, there are also stock and option rewards and the most important right to participate in internal investment funds.

Hanhua is similar.

But there are fewer "senior partners".

"Thank you Mr. Xu and the head office for your trust in me."

Sun Zhenhua said with a little excitement.

After being promoted to "senior partner", he can participate in the annual dividend of Hanhua Capital.

Hanhua Capital has eleven offices around the world.

Venture capital, private equity, and hedge funds have annual revenues of more than 13 billion US dollars (excluding the three funds of Pacific, Qinglong and Phoenix that Xu Liang is responsible for).

Senior partners can share 0.2% of the net profit, which means they can get more than 10 million US dollars a year, and sometimes even millions of dollars.

In addition to money and benefits, the more important thing is the improvement of status.

Hanhua's "senior partners" do not exceed 20 in the entire group.

Outside, they are top financial elites, whether at home or abroad, and will be treated with courtesy.

"Work hard, I'm waiting for the day when you'll be promoted to 'executive director'."

"Yes."

After patting his shoulder with a smile, Xu Liang said, "What time is it?"

"It's 15 minutes to 9 o'clock, we should leave."

Xu Liang nodded and smiled, "Jack Ma has called me more than a dozen times to get me to come, once every three days on average. I'm fed up with him, so I'll go early to avoid him calling and nagging me."

The main thing he did in Hong Kong this time was to participate in Alibaba's IPO.

Sun Zhenping nodded in agreement.

The group packed up briefly and left the office quickly.