Rebirth of the Capital Legend

Accompanied by the liquidation and exit of "Huayi Capital".

At 10:52 am Yanjing time, the main fund product 'Aberdeen Asset Management Evolution No. 1', one of the main long positions in the market, also began a comprehensive liquidation and profit-taking operation.

At the same time, as the results of this referendum are expected to be set, the vast majority of long positions in the market have already cut their positions and closed their positions to stop losses.

There is a lot of short capital on Wall Street.

Major short-selling institutions such as Bank of New York Mellon, Blackstone Group, Goldman Sachs Group, Citigroup, etc. have also begun to liquidate their positions and take profits.

"Hey, old friend, you must have made a lot of money from speculating on the pound exchange rate, right?"

When the major short-selling institutions had already entered the stage of profit-taking and liquidation, Humphrey, the foreign exchange hedge fund manager of Blackstone Group, could not help but call Frederick, the main hedge fund manager of Aberdeen Asset Evolution 1: "Speaking of which... I really have to thank you for reminding me about this round of speculation. Otherwise... maybe our institution would end up like Amanda Hedge Fund of Vanguard Capital."

"Amanda's hedge fund, which Cedric runs?" Frederick asked. "What happened to this fund product?"

"Haven't you heard yet?" Humphrey laughed and said, "Amanda, the main hedge fund product managed by Cedric, chose to go long on a large scale in this round of speculation on the pound exchange rate. It held a huge long position. I heard that when the positions were finally liquidated to stop losses, the entire fund had lost more than 30 billion US dollars. Haha... After this battle, Cedric will probably be depressed and decadent for a long time."

After hearing what Humphrey said, Frederick responded, "With such a huge loss, Cedric may not be able to just be depressed for a while. I guess the Vanguard Capital Group will have to choose a new hedge fund manager named Amanda."

"Probably not." Humphrey said, "Amanda's hedge fund product has grown from a scale of tens of billions of dollars to 200 billion dollars, and most of the credit goes to Cedric. Now it has only lost the profits from several previous large-scale speculative operations. For Amanda's hedge fund product and the entire Vanguard Capital Group, it is not a serious blow. But I heard that... the two major foreign exchange players, Huifeng Investment Bank and BNP Paribas Investment Bank, have suffered heavy losses in this round of speculation on the pound exchange rate. Among them, several major hedge fund products under Huifeng Investment Bank have suffered huge losses. It is estimated that the total loss is close to tens of billions of dollars."

"Your information channel... is very well-informed." Frederick responded, "I only know that Godfrey, who is in charge of the main fund product of 'Huifeng Huanyu No. 1', suffered heavy losses this time. I heard that the loss of this fund product he is in charge of this round has reached more than 30 billion US dollars."

"Basically, the entire European capital has been harvested," said Humphrey.

"The country that suffered the most is probably the UK itself, which proposed the Brexit referendum," said Frederick. "The result of this referendum will have a significant impact on the UK's future economic development."

"That's for sure," Humphrey said. "Once the UK leaves the EU, the pound will never return to its pre-Brexit referendum highs. It is estimated that in the future, facing the continued downturn in the pound exchange rate, many trade institutions in the global offline trade market will further sell off the pound."

"I guess the Bank of England will take some action next." Frederick said, "The Bank of England previously abandoned the pound exchange rate and kept the last trump card of selling large amounts of US dollar foreign exchange reserves. Now the shorts in the market have almost vented their anger, and at the same time, the shorts have a strong demand to cover their profits. In this situation, the Bank of England is expected to play this last trump card to stabilize the pound exchange rate."

"Yeah, I think so too," Humphrey said, "That's why I chose to take profit now."

"How much did your institution earn from this round of speculative operations?" Frederick asked.

Humphrey smiled and said, "It's a little bit of profit, just so-so, about $20 billion. This profit... is definitely not comparable to your 'Evolution No. 1' fund."

"Two billion dollars? That's not bad." Frederick nodded slightly.

"How about you?" Humphrey asked, "How much did your organization earn from this round of operations? I remember that you were one of the first people in the market who firmly believed in the bearish view of the pound exchange rate. The profits you reaped from this round should be much more generous than ours."

Frederick responded: "That's not bad, it's about $70 billion in profit."

"What the hell, how much is that?" Humphrey was shocked. "Seven billion dollars in profit, and you call it mediocre? You are really amazing to make so much money."

"It was just luck." Frederick said with a smile, "Before the market referendum trend completely changed, our institution almost faced extreme stop-loss and liquidation."

"That's true," Humphrey said. "Before the number of people supporting Brexit gained the upper hand this morning, I always thought that this referendum was just a public show put on by the British government and its politicians for their own political purposes. I didn't expect... that something unexpected would happen."

"This is the result of manipulating public opinion," said Frederick. "Those who think they can control public opinion will always suffer the consequences. Brexit is a foregone conclusion. I guess the current British Prime Minister will have to resign after the Brexit process starts."

"With such a big 'black swan' event, he should resign." Humphrey said, "At present, various institutions in the financial market have already anticipated this. Oh... By the way, you said before that the strategy of shorting the pound was not proposed by you, but a young man from China convinced you. How is that?"

When Frederick heard Humphrey mention this, he couldn't help but recount the circumstances of his private meeting with Su Yi, and said with a laugh, "Don't underestimate this young Chinese man. I have a feeling that Mr. Su will definitely shine in the global financial market in the future. Also... let's pray that we won't be the opponent of this young Chinese man in the future, because if we really are the opponent of Mr. Su, I really have no confidence in defeating him."

"To be able to get your evaluation, it proves that Mr. Su is indeed not simple." Humphrey said, "Okay, if there is a chance in the future, I hope to meet him."

"It will happen." Frederick said with a smile.

"When will you return to Wall Street?" Humphrey asked again.

Frederick thought for a moment and said, "Wait until this round of investment is done and the group's new appointment comes out. I don't think it will take much time."

"Haha... congratulations in advance on your return to Wall Street." Humphrey said, "I have already booked a table at the old place and am waiting for you to come back."

After that, the two chatted about some other small things before hanging up the phone.

And when the two of them just hung up the phone.

In the market, as the referendum results in a small number of voting districts continued to be announced, the Bank of England, which had previously abandoned the pound sterling exchange rate, could not help but once again release to the market a large amount of good news that it would sell off its US dollar foreign exchange reserves and buy back pounds.

Faced with this positive news, we are also faced with a huge amount of short positions being covered in the market after expectations are met.

The exchange rate of the pound sterling is now clear after the referendum result.

Surprisingly, at 11:02, it slowly rebounded from around 1.3100 points, gradually recovering from the terrifying intraday losses.

At the same time, the pound exchange rate gradually rebounded after the short positions were completely vented.

Other funds in the market that were chasing short orders, as well as profitable short capital, accelerated the pace of covering and closing positions after the expectations were met and during subsequent market trading hours.

Finally, at 11:47, the counting results of all polling districts across the UK were announced.

That is, the number of people supporting Brexit exceeds the number of people supporting remaining in the EU by about 110 million, and the total number of voters in this referendum reaches 4600 million.

The pound sterling exchange rate has rebounded by nearly 1.3079 points from the lowest point of 200.

It reached around 1.3260.

However, the pound sterling exchange rate has begun to rebound and the result of the Brexit referendum has been officially confirmed.

Stock markets and stock index futures markets around the world are still in a continuous dive.

Among them, the U.S. stock market, where the largest amount of global capital is gathered and everyone pays the most attention, has shown a trend of continuous sharp decline in the three major U.S. stock index futures, and the 'Nasdaq stock index futures' have even shown a 4% drop in the day.

As the negative impact of Brexit continues to ferment...

The domestic A-share market, after the emotions brewed in the afternoon.

At 1 p.m., when the market reopened, it also plummeted by nearly 5%, almost causing the entire market to see the "thousands of stocks hitting the limit down" again.

However, regarding the turmoil in global stock markets.

Su Yi and a group of traders from the Hong Kong City branch of Huayi Capital did not pay too much attention or concern at this time.

After completely clearing the positions and taking profits, after Su Yi's personal account received the funds transferred from the fund account, he immediately called Fang Wanqing and asked her to help him make an appointment with Ms. Li.

So, at 3 o'clock in the afternoon, the global financial market was still under the influence of the Brexit storm.

Su Yi left the company and came to the place where he had met Ms. Li before.

"This card contains 5000 million US dollars." Su Yi handed a secondary bank card to Ms. Li. "Ms. Li helped me get a guaranteed loan from Huifeng Bank before. I am always grateful. Now I will repay Ms. Li with interest. I hope Ms. Li can help me repay Huifeng Bank."

Ms. Li looked at Su Yi's high-spirited appearance and said with a smile: "I remember that I only helped you borrow 3000 million US dollars at that time."

"The rest will be considered as interest." Su Yi said with a smile.

He is never stingy when it comes to friends who are willing to lend a helping hand in times of crisis.

What's more, he still needs to show goodwill to Ms. Li because of the connections of the Hong Kong City Huo family behind her.

"It seems that you have made a lot of money from the pound exchange rate market this time." Ms. Li did not refuse. She accepted the bank card that Su Yi handed to her and said with a smile, "This morning, the whole Hong Kong city has been spreading the news that the main fund product "Huayi Chengyuan No. 1" that you are in charge of, in conjunction with the main hedge fund trading departments of "Huayin International" and "Aberdeen Asset Evolution No. 1", has harvested a lot of long capital institutions around the world and made a profit of more than 100 billion Chinese yuan."

"I did make some money." Su Yi responded with a smile, "It's only about 50 to 60 billion US dollars, which is still far from the original target of 10 billion US dollars."

"So so so five or six billion...US dollars?" Ms. Li widened her eyes in disbelief.

She knew that the main fund product 'Hua Yi Cheng Yuan No. 1' managed by Su Yi was basically the other party's own funds raised through various loans and friends, rather than investors' funds.

This means...

The $5 to $6 billion in profits that Su Yi earned through this fund product is basically his personal wealth.

What does five or six billion US dollars mean?

At this time, in the entire Chinese community, a wealth of five or six billion US dollars would rank among the top 50 richest Chinese.

It can basically be said that with this battle, in terms of wealth, Su Yi can be compared with her husband's family, that is, the entire Huo family.

Ms. Li was surprised.

Fang Wanqing was also stunned when she heard the numbers coming out of Su Yi's mouth.

She is a venture capitalist, and her wealth of five or six billion US dollars is enough to leverage many large international projects.

Moreover, let alone cash flow, the valuation of US$50 to US$60 billion alone is enough to put it among the top 100 private enterprises in China.

She couldn't imagine that Su Yi could make so much money after this battle.

Seeing the extremely surprised expressions of the two people, Su Yi smiled and said, "The foreign exchange financial market is a one-step heaven and one-step hell. I can only say... I just happened to win the bet this time."

"This... is truly a shocking gamble." Ms. Li looked at Su Yi carefully again.

I know that the young man in front of me is completely different from the past from this moment on.

"Fortunately." Su Yi said, "The goddess of luck just happened to favor me."

"I followed the voting process of this round of Brexit referendum, as well as the previous market long-short game." Fang Wanqing said, "You were able to hold on until the end and make a profit. It was indeed very dangerous. I heard that in this round of long-short battle of the pound exchange rate, our Hongcheng... 'Tianhe Capital', 'Mitsui Jiayou Hongcheng Investment Company', and 'Huifeng Huanyu No. 1' main fund products all suffered heavy losses. Among them, 'Tianhe Capital' company, now has a lot of investors who previously invested in 'Tianhe Capital' fund products gathered at the door, all of whom are asking for an explanation from Tianhe Capital's boss Gu Chijiang, and hope to forcibly redeem the fund shares."