The Son of Finance of the Great Age

  Chapter 478 Final word (1)

  The reason for extending the redemption period for investors is to stabilize the investment portfolio at a critical juncture. After all, many investment portfolios of Tiger Fund are still profitable. There is no need to miss these good opportunities because investors suddenly apply for redemption.

Generally speaking, when a fund manages funds, it signs relevant agreements with entrusted clients, such as how long the newly invested funds will be closed, and no redemption is allowed during this period of time. This is to ensure that the investment portfolio can Go on smoothly. After this closed period, investors can choose to continue investing or redeeming based on the performance of the fund. Generally, the time between when the redemption request is made and the funds arrive in the account depends on the regulations of each fund.

  For Tiger Fund, the original rule was one month, but now it has been changed to three months because of problems in the management of the fund. In order to avoid excessive fluctuations, Julian Robertson can only use this method to exchange time.

  Naturally, doing so may lose some investors, but the main body of the fund is preserved, and with the personal prestige of Julian Robertson, it is just a matter of time to return to the current level at some point in the future.

   Tiger is not worried.

  Zhong Shi is not worried either. He doesn’t take Tiger Fund’s recent tragic investment at heart, because this is not his concern. In fact, Tiger Fund’s more tragic moment has not yet happened. At this time, he was in the office, discussing the next policy strategy with several cronies including Maxim.

   "If BOJ doesn't support the market tomorrow, what should we do then?" Ma Jiarui looked worried. As the main assistant who shorted the yen this time, when he saw the profit on the book, he almost passed out with joy. But soon, this kind of joy turned into full of worry, because he knew exactly what was going on, and what he was worried about was that if BOJ didn't take action, these floating profits might disappear in a short time.

"No, they will definitely make a move!" Zhong Shi categorically denied this possibility, "Such a god-given opportunity is placed in front of them, they will never miss it, believe me. Now, we need to take the next step plan!"

   "Next step plan?"

"what is that?"

   "What the **** are you talking about? Why can't I understand anything?"

  Suddenly, Ma Jiarui, Ren Ruowei, and Maxim were all surprised, but their reactions were different. Among them, Ma Jiarui and Ren Ruowei are very familiar with the ins and outs of the whole matter, but Maxim is not very clear, so when Zhong Shi said "the next step plan", his eyes were confused and he was at a loss.

"Please explain to him!" Zhong Shi took out a cigarette, lit it and took a leisurely puff, then ordered Ren Ruowei, "Let's rest for a while, and after he fully understands, let's continue the topic just now .”

Ren Ruowei nodded, then pulled Maxim aside, and began to explain something to him in a low voice, and as he explained, Maxim's expression changed a lot, horror, fear, anger, Anxiety and other expressions appeared on his face one after another, and the changes were so fast that it was dizzying, Ma Jiarui was dumbfounded.

  The explanation plus the time allowed for digestion took half an hour. When Maxim finally let out a long breath, Ren Ruowei finally showed a smile on his face, patted him on the shoulder, and brought him in front of Zhong Shi.

  At this time, Maxim no longer had the composure he had just now, and looked at Zhong Shi evasively, which seemed very unnatural. After knowing so many inside stories, Maxim clearly realized that his boss had actually done so many things in secret, and the essence of many things was no different from challenging a country. In front of such a person, he would be somewhat intimidated.

Although he has personally experienced the short-selling of the Nikkei Index, the scope involved this time is too large, and there are many conspiracies behind it. Some trembling feeling.

"Relax, buddy!" Zhong Shi smiled and patted Maxim's shoulder disapprovingly, "This is just an economic war between countries, and we just got into it at the right time. After all, for us For me, this is just a once-in-a-lifetime opportunity to make money and has nothing to do with politics."

After saying a few more words and finally comforting Maxim, Zhong Shi turned his head and said to Ma Jiarui and Ren Ruowei who were beside him: "You two, do you think that at this time, the international speculators Has given up coveting Hong Kong?"

"what?"

"how can that be?"

  Zhong Shi's implication was immediately caught by the two, Ma Jiarui and Ren Ruowei suddenly changed their expressions, and blurted out at the same time. And Maxim on the side also opened his mouth wide, obviously he understood Zhong Shi's implication.

Ren Ruowei was the most impatient. Without waiting for Zhong Shi to explain, he snapped his fingers and calculated: "The loss in the Hong Kong market is 500 million U.S. dollars, the loss in the Russian government bond market is 1 billion U.S. dollars, and there should be a lot of losses in the short yen. There should be 100 million U.S. dollars. When these three items are added together, the total is probably close to 2 billion U.S. dollars. Under such circumstances, they still dare to covet Hong Kong?"

  Because the specific positions and positions of Tiger Fund are unclear, it can only be estimated through their operating style and capital size. What Ren Ruowei didn't expect was that Tiger Fund's recent losses were far greater than he estimated.

"Yes! How is this possible?" Ma Jiarui also nodded in a timely manner, "I am afraid that Quantum Fund's losses are only a lot more than that of Tiger Fund. With these two leading horses losing money to such an extent, what they are now What needs to be done urgently is to appease the confidence of investors, instead of rashly launching another attack against the Hong Kong dollar!"

   I have to say that the analysis of the two is very reasonable, but since Soros and Julian Robertson can achieve such a large scale of fund management, it has to be said that they are indeed outstanding in terms of courage and strategy.

   "Wrong!" Zhong Shi nodded first, indicating that what they said was right, then waved his hand and spit out the word "wrong", which immediately made the three of them stagnate.

"At a time like this, one should not use common sense to speculate what they should do." Then Zhong Shi explained with a smile, "If I were Soros, I would definitely settle down at this time and join hands with the other party again. To short the Hong Kong market. Of course, this is something he can only consider when his personal prestige reaches its peak. You must know that a lot of funds will flow into this market after he raises his arms, so even if he is suffering serious losses now, as long as the yen Once stabilized, it is guaranteed that he will definitely do everything possible to find major investment opportunities to smooth out previous losses."

"So, they will continue to stare at Hong Kong and wait until a certain time to strike again, and at that time, the situation will definitely be a hundred times more dangerous than the previous one!" At the end, Zhong Shi's face also became serious, "Although the Hong Kong government The funds of the Hong Kong government have not been used too much, and the mainland can provide some support when necessary, but it is still far from enough for the entire market. As long as they attack the Hong Kong dollar futures and forwards, the Hong Kong market will definitely be Opportunity arises."

"Hearing what you said, can we really just sit and wait, helpless?" Ma Jiarui's face was pale and sweat was pouring down like rain. He never imagined that even after the Hong Kong government declared victory against international speculators, the situation would still be the same "But this time, what should we do? Now we don't have so much money to squander, so why don't we just sit and wait for death?"

"Yeah, what should we do?" Not only Ma Jiarui and the others, but even Maxim was anxious, and hurriedly asked, "Zhong Sheng, we must have a solution, right? You Huaxia People often say that when the car reaches the end of the mountain, there will be a road, isn't that what it means?"

"There must be a way before the car reaches the mountain!" Zhong Shi laughed and teased Maxim, "I never expected that you would learn to use Chinese idioms. Yes, I do have a way to prevent them from making a comeback. "

   "You have a solution?" Ma Jiarui's eyes lit up immediately.

  Ren Ruowei was even more anxious, and asked directly: "What is the solution? Zhong Sheng hasten to tell us, as long as we can keep our property, we will not hesitate to do anything now."

  At this time, how could a few people still not understand that they have been tightly tied together, and the huge stock that is close to 5% of the value of the Hong Kong stock market is their common interest.

   "My solution is..." Zhong Shi teased a trick, and after scanning everyone's expressions one by one, he said with a smile, "It is to weaken Soros' personal prestige!"

  …

  Soros has been annoying recently, very annoying.

Although he used a small trick in the Russian government bond market, causing Tiger Fund to lose an additional 500 million U.S. dollars, his huge position has not escaped, and he lost a full 1.5 billion U.S. dollars in the Russian government bond market. , comparable to Tiger Fund.

  Combined with the previous losses in the Hong Kong market, his losses during this period have expanded to as much as 2.3 billion US dollars. Compared with these, what upsets him even more is that the unexpected appreciation of the yen caught him off guard. Although the position has been tightened, the Quantum Fund still lost more than 6 yuan in the yen and foreign exchange in the past two days. One hundred million U.S. dollars.

"Is the news about the yen reliable? Are they really going to enter the market to help the market and stabilize the yen at a certain level?" Sitting in the spacious and comfortable executive chair, Soros's mind was full of lingering depression, This kind of depression not only comes from the huge financial loss, but also a sentence that Zhongshi asked Druckenmiller to bring.

   "You will be counterattacked soon, believe me!" These are the exact words that Zhongshi asked Druckenmiller to bring, without adding or subtracting a word.

   Originally, Soros didn't understand what it meant, and he didn't take it to heart at all, but the skyrocketing yen made him suddenly wake up, and only then did he realize the true meaning of this sentence.

   "Could it be that this guy has the ability to predict the future?" Soros thought secretly in his heart.

At this time, Druckenmiller began to speak, "Boss, according to the news from Tokyo and Hong Kong, I am afraid that BOJ is indeed playing tricks this time. According to their predictions, the yen may rise to 100% this time." Between 115 and 110, the BOJ is willing to stop. This is the pressure put on them by politicians, and we did not expect that they would do this."

"What do you think we should do next to restore the current situation?" Although he heard a higher exchange rate than the market expected, Soros still did not change his face. He knew that the loss of his position was a foregone conclusion. Now it counts as much as you can escape, the most important thing right now is to get new profits as soon as possible.

   "I think there is only one place that can provide such a large-scale profit!" Druckenmiller said with a mysterious smile on his face, "I think you should know where it is, boss?"

   "Not bad!" Soros nodded, and shouted in a deep voice, "Hong Kong!"

   Thanks to book friends Lan Yan_ and jett1968 for voting monthly!

  (end of this chapter)