The Son of Finance of the Great Age

  Chapter 231 Talent

  Hong Kong, inside Tianyu Fund, Zhong Shi smiled and said to the dejected traders: "How about it, what's the profit?"

Although the flagship fund is controlled by Zhong Shi, because the amount of funds is too large now, Zhong Shi refers to the management model of American hedge funds and asks the researchers to build investment portfolios separately, and then after double checks by the internal risk control department and himself, Part of the funding is set aside for the researchers to operate on their own.

  This model not only greatly reduces the burden on Zhongshi, but also allows researchers to participate in the first-line market. After more than a year of practice, several researchers have stood out among the crowd and achieved impressive yields. Even the managers of several other funds cannot match their returns.

  Zhong Shi already has a preliminary plan. After this year, if the performance of European and American funds does not improve, the manager in charge of this fund will leave and be replaced by a researcher from the flagship fund.

  In the internal meeting a few days ago, Andrew explained the news from Wall Street that hedge funds are aggressively attacking the Thai baht. After hearing this news, researchers who are eligible to apply for funding are gearing up to make a big splash on the Thai baht.

   Zhong Shi did not stop this upsurge. He knew that if he poured cold water on the already greedy researchers at this time, it would definitely cause great dissatisfaction internally. However, he kept a hand in the funding application, only giving these researchers half of the amount of funding they applied for, and asked them to strictly control risks.

   Sure enough, most of the researchers who were in high spirits the day before had become depressed after a day of trading. They just plunged into this market with enthusiasm without considering too many factors. In their view, there are American heavyweight hedge funds in front of them resisting the artillery fire, and they are hiding in a relatively safe place. Even if the Thai government counterattacks, it will not affect their investment portfolio. It's just that they didn't expect that the BOT and the Thai government would fight back indiscriminately. They would not let go of hedge funds as large as billions of dollars or as small as speculators with only a few million dollars.

"The losses are quite heavy, so how can we talk about gains?" A trader slammed the keyboard, making a loud bang, but when he saw the slightly reproachful looks from others, he shrank his head suddenly , quietly put the keyboard back to its original position, and then replied weakly to Zhong Shi.

  Zhong Shi recognized him. His name is Ren Ruowei, and his English name is Jimmy. He is one of the few researchers with outstanding returns. The investment style is relatively aggressive, and often dare to increase positions boldly under unfavorable circumstances.

   "Jimmy, take it easy, maybe you're not the worst." Zhong Shi smiled slightly, and didn't pay too much attention to Ren Ruowei's actions, even though it was a keyboard customized by Bloomberg. He cleared his throat and asked the others, "Is there any profit?"

   Instead of asking about losses, he asked about profits. This already shows that Zhong Shi is not optimistic about someone making profits. You must know that the researchers who applied for funding this time accounted for almost the vast majority of the employees of the flagship fund. Even though some of them had not done investment portfolios independently before, who didn't know that their boss had successfully smashed the Mexican peso? They naturally want to follow suit.

Although Zhong Shi has never publicized the attack on the Mexican peso, the researchers under him are not easy to be fooled. After seeing the substantial increase in the net value of the fund at the end of 1994 and the beginning of 1995, they thought of what happened in the world financial market recently. After those important events, they all came to understand one after another.

   It is precisely because of this relationship that these researchers are so keen on attacking a country's currency system. You should know that this kind of attack is by far the most cost-effective investment method, and the risk is almost negligible. But after this day's change, Zhong Shi believes that they will never have similar thoughts again.

   "Me!" Just as everyone was looking at each other, a weak voice came from the corner. If everyone hadn't been immersed in the frustration of failed speculation, I'm afraid no one would have heard this voice.

  Zhong Shi's eyes lit up, and he waved his hand in that direction, motioning the speaker to stand up, and at the same time asked unhurriedly, "What's the rate of return?"

   This situation was expected by Zhong Shi. If there is no researcher to do the reverse, it is probably what Zhong Shi is most worried about. Now, he just wants to know how the researcher's performance is.

  As soon as they heard that someone actually made money against the market, everyone's eyes turned to this dull researcher. Some of the researchers who entered the company relatively late might not know this shy guy yet, so they all looked sideways at the people around them, and quietly inquired about the identity of the researcher.

   Seeing so many pairs of eyes staring at him, the researcher was a little embarrassed, and after a long time of obedience, he reported a number that almost stunned everyone: "30%, not floating surplus."

  He just said it, and almost everyone was blown up, unable to believe the numbers they just heard. Several anxious researchers shouted in unison: "This is impossible! How could you make so much profit?"

"He is Chris, his Chinese name is Ma Jiarui, and he is a researcher with extremely solid basic knowledge. The stocks recommended in his research reports are all rising in the long run, with almost no fluctuations. They are typical blue chip stocks. .The investment style is extremely stable, and he is a very good researcher." Andrew leaned into Zhong Shi's ear, and whispered Ma Jiarui's resume, operating style, etc. one by one.

While Zhong Shi was talking with Andrew, Ma Jiarui's face was flushed red because of other people's doubts. Although this usually shy young man didn't like to talk a lot, when it came to his professional research, he immediately became kind. After talking, he countered loudly: "If you don't believe me, you can look at my operation records. Here are the transaction details, and you can check to see if I am lying!"

  Ren Ruowei quickly jumped in front of Ma Jiarui, and began to look at his transaction records step by step. As the mouse scrolled, his face became cloudy and uncertain. At this time, several traders came over, muttered for a while in front of the computer screen, and then looked at Ma Jiarui with strange expressions.

   "You are lucky. You just met the Thai government's countermeasures, which made you a lot of profit." Ren Ruowei said with disdain before the others opened their mouths. He was the first to see Ma Jiarui's operation records, so he was naturally clearer than others.

In fact, Ma Jiarui didn't do much operations. He just entered the market at a low point when he entered the market in the morning, and then sold all his positions when the Thai baht rose by about 3%. He didn't continue to hold it. It's not floating.

Ma Jiarui's face turned livid, and when he was about to refute, he heard Zhong Shi say with a smile: "The so-called luck is also a factor of success in the capital market. Besides, how can you be sure that others rely on luck?" , maybe Chris captured this band through his own judgment!"

Seeing the big BOSS speak for him, Ma Jiarui's face obviously became better, and seeing Zhong Shi's encouraging gaze, he suddenly felt warm in his chest, and he couldn't help but said in a loud voice: "Yes, it's my own judgment. Don’t you know that the Thai government declared to defend the baht some time ago?”

"Of course we know this. But do you know that international hedge funds have been preparing to sell Thai baht for a long time? You know, any large hedge fund can use more funds than all of Thailand's foreign exchange reserves!" Ma Jiarui's words are not convincing at all The others, including a sharp-tongued researcher, immediately retorted.

"Not bad! Although the scale of funds under management of large hedge funds is not something that the Thai government can resist. But don't forget, they are not always ready to attack the Thai baht, and there have been news of attacks on the Thai baht since January However, until now the Thai baht has not been crushed, we know that the hedge funds are not prepared at all. The important thing is that the news that the Thai baht will expand its fluctuation range is very likely to be released by a hedge fund shorting the Thai baht. What came out, maybe they were just playing tricks. The most important point is that according to the open position of the Thai baht contract announced by SIMEX, I found that the total amount of selling Thai baht was only 6 billion U.S. dollars, even if they had so many in the spot exchange market The total sales are less than 12 billion US dollars. Moreover, Thailand is not a unilateral war, and I believe that other countries in Southeast Asia will also provide assistance, even Hong Kong!"

  After Ma Jiarui said so much in one breath, he felt a little thirsty, picked up the coffee on the table and took a big sip, and when he put down the water glass, he found that almost everyone was looking at him in amazement. He couldn't help asking a little strangely: "Is there a problem with my logic?"

   "No problem!" Ren Ruowei shook his head slowly, and said nothing more.

  As for other countries' assistance, Zhong Shi only told Andrew and others, and others did not know. In fact, there are not many people who can think of this, because these people are not from an extremely macro perspective. So when they heard what Ma Jiarui said, they realized that they had neglected the political factor.

   And when Ma Jiarui mentioned that Hong Kong might also have a role, the shock in their hearts reached an unbelievable level.

"You are right!" Zhong Shi took over the conversation and continued, "As for why so many countries support Thailand, I only say one word 'export'. Now I have two questions, the first Is Thailand able to withstand this currency crisis? The second is which side should our Tianyu Fund choose?"

  As soon as he said his words, almost everyone fell into deep thought. Even Ma Jiarui, who was talking eloquently just now, fell silent. This is not a question that can be answered blurtly, especially when Thailand is fighting back so hard.

  After half a day, Ma Jiarui raised his head again, and said firmly: "I personally think that the Thai government can resist this currency crisis, but we still have to choose to short the Thai baht."

  The answer seemed to be self-contradictory, but Zhong Shi was overjoyed, and asked without thinking: "Oh? How did you know I was going to do this?" In his words, he had already admitted that Ma Jiarui's idea was correct.

  (end of this chapter)