God-level Trader of Rebirth

Chapter 40 The Customer Wants Redemption

Just when the whole Xiangjiang was worried about the stock market.

Far across the ocean in New York, Wall Street.

There were also emotions.

"Oh my god! I lost more than 2 million dollars today!"

"Check it out for me! Which institution is so stupid!" In the Quantum Fund office, Jones, the chief trader, was cursing angrily.

Originally, according to the planned plan, they took advantage of the bad news of the depreciation of the Indonesian rupiah in the past few days to smash the Hang Seng Index to 7000 points.

As a result, a mysterious fund suddenly came across in the early trading, and it swallowed up all the selling orders like a tornado, no matter how many chips they threw, they were all wiped out.

The share prices of several important blue-chip stocks that were used to smash the market soared by more than 20%.

This sudden situation caused Quantum Fund's traders to be a little hesitant.

The panic in the market has been heightened to such an extent that people are even buying bottoms against the market!

What a shame!
The Hang Seng Index was blown up by 8%, and the short-selling index futures almost broke their positions. Fortunately, they added a lot of margins, so they did not cause further losses.

At first, Wall Street thought it was the Hong Kong government intervening in the market, and hurriedly asked the Fed to exert pressure.

It was only after the news came that I knew there was someone else.

"Jones, we have already found out that it is a private equity fund called "Infinity"!" A trader named Paul turned around and said to Jones.

"What's the approximate size of their assets?" Jones asked.

"About US$10 billion, today they used almost all of their funds to buy." Paul explained with a strange expression, he had never seen such a crazy person.

"Shit! How could Xiangjiang let such a person who doesn't understand finance manage a fund company worth nearly one billion dollars?!"

"This is so magical!" Jones complained, scratching his head frantically.

"No, no, Jones, if you think so, you're dead wrong."

"On the contrary, the performance of this private equity fund has been very good. It has been the best private equity fund in Xiangjiang for two consecutive years, and their annualized rate of return has reached an astonishing 267%! Even the best traders on Wall Street dare not It must be stronger than them."

Paul obviously did his homework, and got an infinite amount of detailed information from nowhere.

"If you follow what you said, you'll be in serious trouble." Jones suddenly felt his scalp tingling, and a bad premonition welled up in his heart.

At first, he thought it was a novice operating blindly, but now that he is an extremely powerful trader, and he still makes such abnormal operations, it cannot be viewed with common sense at all.

It's like someone who doesn't understand stocks buys a junk stock and loses money. Everyone will say that he has poor vision, but what if Soros buys a junk stock?
Then, everyone will think that there must be something deeper in it, that Soros must know something that we don't.

Even if someone loses money for a short time, it must be to make better money.

Anyway, someone will jump out and explain it for them with various reasons.

True or false, it is elusive.

Paul saw Jones' doubts, and he went on to say: "Actually, it's not that we have no intersection with this private equity company."

"Oh?"

"As early as November last year, when we attacked the Korean won, they had disclosed to us information about South Korea's foreign exchange reserves, so we were able to defeat the Korean won so smoothly."

"It's interesting, I can't wait to meet their heads." Jones said with interest.

Paul was suddenly surprised: "Do you want to go to Xiangjiang?"

"Yes, because I found that Xiangjiang, as an Asian financial center, is not as simple as it seems on the surface."

"Moreover, this is critical to our next actions."

Xiangjiang, Antlers Building.

At 10:27 p.m., most financial institutions in Central have already closed get off work.

Chen Weidong is still in a meeting with several senior executives in the company.

"Mr. Chen, this time we have invested a total of 72 billion Hong Kong dollars, which has pulled up the market severely." Feng Yiwen, the trading director, said a little excitedly.

Is there anything more exciting than driving the Hang Seng Index soaring with one's own strength?

It's too childish to be a stock marketer or something, so let's directly pull the market!

"Oh, it's a pity that the opening of the market next week may not be good. Two hours ago, the HKMA "dispelled the rumors", saying that today's market fluctuations have nothing to do with them. Xiangjiang has always been committed to maintaining market freedom, etc." Risk Control Director Huang Wuyuan shook his head and said.

In fact, he has always disapproved of the company's entry into the market at this time. The market has obviously not bottomed out, and now he rushes in to take the market in order to make a quick start.

The face is gained, but the money is likely to be lost.

He glanced at Chen Weidong and suddenly felt that the boss was still too young.

Young, youthful.

Ugh.

"It's really not optimistic"

Several senior executives of the company expressed their opinions, but most of them were pessimistic.

Chen Weidong leaned back in his chair and remained silent.

After they had had enough discussion, they said: "We have been going so smoothly all this time. In just over a year, we have earned wealth that others cannot earn in a few lifetimes. It’s just for the market, there’s nothing unacceptable.”

"Having said that, Mr. Chen, many customers said they wanted to redeem their own funds, and some even scolded the company, saying that we used their money to take over the business and do charity." The Fixed Investment Department is responsible for stabilizing income Lin Hai said with some grief and indignation.

When these people are making money, they are all talking and laughing, and they even call you brothers and sisters. Seeing that they may lose money, they immediately turn their backs and say all kinds of ugly things.

"Let them withdraw at will, handle it for them in a hurry, and don't get stuck with their procedures. It's just that after the withdrawal, if you want to invest in us in the future, first downgrade their credit internally." Chen Weidong knocked on the table and said .

Their Infinity Fund got to where it is today, relying on its absolute strength.

In just over a year, the asset scale of "Infinity One" has reached more than 60 billion Hong Kong dollars.

Every time when raising funds, the supply is in short supply. Countless people are crying and shouting to vote for them, even giving gifts and looking for connections.

This stems from Chen Weidong's design structure of Infinity Fund: Investors can get 90% of the net income as return on investment, and do not charge any management fees.

At that time, when this rule was formulated, all the senior management of the company strongly opposed it, thinking that it was too much.

You should know that in Central, more than 99% of private equity funds charge at least 1% of management fees regardless of whether they are profitable or not.

They are all pursuing short-term rapid expansion in order to charge more management fees, rather than long-term performance as the pursuit of the goal.

Moreover, even if there is a profit, after repaying the investor's principal, the manager will arrange a 2:8 or 3:7 ratio for the remaining part of the fund income with the investor.

It can be said that the commission is relatively high.

I have never smoked only 10% like Chen Weidong.

It is simply breaking the rules of the industry!

(End of this chapter)