The Son of Finance of the Great Age

  Chapter 308 Fifth Issue: Shocking News

  In fact, at this time, Julian Robertson is having a conference call with managers of several large hedge funds to discuss the next attack plan against Hong Kong.

"Julian, do you really think this method is feasible? You know, even now, if we lose a little to even out the Hong Kong stock futures on hand, we will make a lot of money in the end!" Paul Tudor Jones listened to Julian Robertson After making the plan, he gasped, his face full of shock.

Speaking of which, Paul Tudor Jones is also a well-known role in the capital market, and his fierceness is not even inferior to Soros. If it is not limited by the scale of funds under management, then he is likely to replace Soros and Julian Robertson. leadership position.

  Speaking of which, because Soros has his own philosophical thoughts, he still has some scruples in his heart when shorting the currencies of Southeast Asian countries. But people like Julian Robertson or Paul Tudor Jones are purely for the purpose of maximizing their interests, and they don't even consider how their actions will affect ordinary people in Southeast Asia. They are the purest investment managers, but also one of the most cold-blooded groups.

The reason why Soros was censured is nothing more than because he is too famous and has the most short positions. Although these positions only account for a small proportion compared to the size of his management funds, the world does not know Value these. And Soros's high-profile response also made him the focus, and characters like Julian Robertson or Paul Tudor Jones simply ignored the media's attention. Only a few people in the circle knew that they had done it. what.

  It can be said that in the capital market, there is nothing that this group of people dare not do.

   But now, even a big player like Paul Tudor Jones is shocked and terrified, and one can imagine how terrifying what Julian Robertson is planning.

"Besides, in this way, our cost of replenishing Hong Kong dollars will be much higher. Coupled with the two-day lending rate, I am skeptical about whether we will be able to make a profit in the end!" After a short pause, Paul Tudor Jones added.

   "Come on, Paul!"

Julian Robertson slapped his head and couldn't help complaining loudly: "Although I don't know your position, there should be at least 10,000 short orders. According to the current situation, your profit is at least 400 million US dollars , this number is enough to make up for your losses in the currency market, if I guessed correctly. Now, in front of you is another great opportunity, I don't believe you will miss it?"

  Since Julian Robertson and Paul Tudor Jones are the two giants in this conference call, even if other people have doubts in their hearts, they can only listen to them patiently.

   "Hey hey hey!"

Paul Tudor Jones neither denied nor admitted, just kept laughing, changed his tone after a long time, and said slowly: "Julian, I believe that your achievements will only be more than mine, not better than mine. I have less. If it weren’t for the SEC, I would have wanted to make a fortune in New York. But are you really sure that once this matter is announced, it will have an impact on the Hong Kong market? You know, apart from their regulatory departments, there are Even some of the companies that we have sold have announced share repurchase plans, and rash announcements under such circumstances may not necessarily achieve the results we want.”

Julian Robertson obviously scoffed at this statement, chuckled disdainfully, and then said loudly: "Hey, guys, did you hear that? Paul is so suspicious of my method, shouldn't he be kicked hard?" Where's your ass?"

   Everyone else laughed, and one of them yelled, "Yeah, but what are we going to do? If I could kick him in public, I'd be more than happy to do it, even for $1 million."

Seeing that he became the target of everyone's ridicule, Paul Tudor Jones was not angry, and immediately countered: "Really? I heard it, it's you, Griffin. If you really want to teach me, then let's go Let's compete at the clubs on Long Island, the bet is a million dollars, and maybe the money will just pay for your surgery, if you don't get killed by me."

   "Really? Then let's make an appointment! Maybe you also need a body bag, of course an extra-large one, so that it can be stuffed into your fat body!" Griffin responded meanly without showing any weakness.

Kenneth Griffin is a rising star in the hedge fund industry and the founder of Castle Investment Group. His fund currently manages about 200 million US dollars. Although the amount is not very large, the rate of return is extremely amazing, reaching the average annual The investment is about 20%, which is enough to demonstrate his extraordinary investment ability.

  As the two bickered, other people who were watching laughed and even whistled. They were happy to see this situation, because it was the joy of life. Americans are naturally aggressive and extremely aggressive, so no one will show weakness and retreat until they hit their heads and break their blood. People who grow up in this environment, even the so-called most rational hedge fund managers, are not immune to it.

   "Enough, guys!"

Seeing that the discussion lost its original flavor, Julian Robertson yelled and brought the situation back on track: "Guys, since Paul has doubts about my plan, shall we teach him a lesson? How about that?" , we will sell all the Hong Kong stocks we have in hand tomorrow, and buy them back when the plan is implemented, let him see the confidence index of Hong Kong investors, wouldn't such a gamble be more civilized?"

  Except for the short positions that have been replenished one after another, these hedge funds still hold billions of Hong Kong dollars in spot stocks. If these are sold out all at once, it may cause a lot of shocks in Hong Kong stocks. Naturally, these funds are nothing to them. The essence of this proposal is not to sell, but to test the confidence of Hong Kong investors.

  As soon as they heard Julian Robertson's proposal, the others were taken aback for a moment, and then most of them fell into deep thought. This group of people is indeed the smartest group in the investment field. They quickly understood the deep meaning of Julian Robertson's proposal and couldn't help thinking deeply.

Although these so-called international speculators have hoarded a large number of short selling orders in the futures market, the performance of the futures index market still has to be linked with the Hong Kong stock spot market. Not the most important. If you want the index to rise or fall, the most important thing is the performance of the Hong Kong stock spot market, especially the heavyweight stocks.

These people naturally understand these principles. In September, they began to buy stocks of heavyweight stocks one after another. At the same time, they borrowed stocks from brokerage firms to sell short. In this double guarantee, various bad news, and the impact of the foreign exchange market, etc. With the cooperation of various factors, the Hang Seng Index can be suppressed to the current situation.

   But here comes the problem, because so far, their intended purpose has been achieved, and even surpassed. But the problem is that now they don't have many heavyweight chips on hand, and this will not have enough impact on the broader market. However, it takes time to close positions in the futures index market, and a large number of short positions will inevitably lead to a rebound from the bulls. As a result, their floating profits are bound to be greatly reduced.

   Time, they need time.

Therefore, at this time, it is inevitable to release the second blockbuster news in a timely manner. This news must be shocking enough to cause panic among investors in the Hong Kong market, and then cause the stock market to plummet, so that they have enough time to level off. Short positions on hand.

  However, as soon as Julian Robertson's method came out, everyone was shocked. Even Paul Tudor Jones, an old guy who had been immersed in the market for many years, felt his scalp tingle. One can imagine the shock of this news.

  Although everyone was shocked at the beginning, the pursuit of profit made them quickly forget this fear. Yes, what is more fearful than not making money! Therefore, during the seemingly laughing and cursing just now, everyone has already accepted this plan in their hearts, otherwise they would not be in the mood to tease and laugh at each other.

Now, there is only one problem left, and that is to try our best to suppress the rising momentum of Hong Kong stocks before the implementation of this plan, and not let the Hong Kong stocks rebound too strongly, otherwise the funds chasing up and the funds pulling down positions will enter the market at the same time, causing Hong Kong stocks to collapse. Skyrocketing will greatly reduce the effect of their upcoming plan.

  “Although this kind of sell-off will cause us to suffer losses in Hong Kong spot stocks, Hong Kong is a special market. Who knows when it will happen next time?” Finally, Julian Robertson said meaningfully.

  In fact, when the Hong Kong stock market rebounded, Tiger Fund sold the heavyweight stocks in its hands. Although the price will be much lower than the previous purchase price, Tiger Fund has set up a long-short investment portfolio that is almost equal. This also means that the higher the price of the spot stock, the more the Tiger Fund earns, because before the Tiger Fund bought back the stocks borrowed from the brokerage at a very low price, as long as the stock it holds is sold at the spot price High, Tiger Fund earns more.

  But now in order to suppress Hong Kong stocks, Tiger Fund has to sell these spot stocks at a low price. Even so, they can still make money on this investment portfolio.

   Others, although not necessarily all have similar investment portfolios, most of them have invested heavily in the Hong Kong stock futures index, so as long as the index does not skyrocket by thousands of points, they are still the ones making money.

   After understanding the pros and cons, the participants agreed to the plan with one voice. The timing of the implementation of this plan is also very ingenious. It will be next Monday, less than two days before the delivery of the Hong Kong stock futures market in October.

   On October 27, Hong Kong's Hang Seng Index began to fall after experiencing a surge in the previous trading day, and fell below 11,000 points at the opening. Although the funds are still flowing into the market, the index is still falling. By the end of the day, the Hang Seng Index fell by more than 640 points, or as high as 5.8%. The market closed at 10498 points. Even the most accurate analysts don't understand what's going on.

  (end of this chapter)