The Son of Finance of the Great Age

  Chapter 464 Rabbit dead dog cooking (1)

  After Druckenmiller and Zhong Shi met, they boarded a private jet non-stop, soared into the sky in the night of Hong Kong, and headed straight for New York.

From landing twelve hours ago to returning at Kai Tak Airport, Druckenmiller has been working non-stop for a whole day. Regardless of the time difference, Druckenmiller has opened his eyes for more than three hours. Sixteen hours, but at this time he was not tired at all, and his face was still full of energy.

As far as the hedge fund industry is concerned, the benefits of employees are almost unimaginable to the outside world, not to mention the outrageously high salary. VIP area and so on are commonplace. The top hedge funds even own their own company's private jets, which are convenient for employees to travel anytime and anywhere.

   Of course, the premise is that you must be able to generate profits for them!

  Drukenmiller is obviously such a person, and even in the eyes of professionals, his name is even more resounding than Soros in some respects. So it is only natural for him to travel around the world by private jet. Although he prefers to keep a low profile, sometimes these things can indeed provide him with more convenience and choices.

   "George, it's me!"

  When the plane entered the U.S. airspace, Druckenmiller, who woke up from a daze, immediately called Soros. His boss should have woken up by this time.

This Gulfstream business jet costing up to eight million dollars is extremely advanced. In addition to being equipped with a top turbine engine with a thrust of up to 1,000 pounds, it also has the most advanced avionics system in the world today, which can ensure all-weather global positioning and communication. . The interior of the cabin is all artificially customized, which is extremely luxurious.

  Sitting on the musk-scented leather sofa, Druckenmiller's face was extremely solemn, so gloomy that it could almost drip water. When Soros' voice came out of the microphone, his face relaxed a bit, and he said, "Boss, I have an emergency to report to you, and report it in person, right now!"

"Is it about Hong Kong?" Hearing the anxiety in Druckenmiller's words, Soros's heart was moved, and then he reacted, and comforted Druckenmiller, "Stanley, take it easy, Hong Kong. I know everything. I have something to say when you come back, I am rushing to have breakfast with Julian now, you are still on the plane, sleep well first, and everything will be settled when you return to the company!"

"Julian?" Druckenmiller on the plane suddenly took a breath, but the next moment he realized that it was not appropriate to say that at this time, and he swallowed the words that were almost blurted out. When I went back, I just replied lightly, "Okay, we will talk after I get back to the company."

After hanging up the phone in his Lincoln car, Soros saw Julian Robertson's luxury Mercedes parked not far away. He walked out of the car door with a smile on his face, and greeted Julian Robertson who was walking towards him. Said: "Julian, you should know what happened yesterday, how do you feel?"

"It's beyond my expectation!" Julian Robertson replied with a smile, the expression on his face was not the slightest surprise, as if he was talking about something insignificant, "It's really surprising that we failed this time." Surprise. But it's better this way, they won't have so much cash next time."

The two stopped by a hot dog stand, each took out a one-dollar bill, and handed it to the busy stall owner. This was a middle-aged black man. He took the bill with a blank expression, and then quickly wrapped two Hot dogs, made two more cups of coffee, and delivered them to the hands of the two.

For this stall owner, although it is very clear that this is the financial district of New York, but he is busy with his livelihood all day long, and he does not realize that the two old people who come to visit his stall every day are the ones who can control the wind and rain in the financial world. super gangster. But even if he knew it, it would not help his life in the slightest. He didn't think these two old men could eat another hot dog.

  The life of ordinary people is so simple and simple.

"Today's hot dog seems to have put some chili peppers in it, and the taste is not right!" The two walked while eating, and when they reached the corner of the street, Julian Robertson frowned, and wriggled his mouth again, with a strange look on his face. Said, and then threw more than half of the hot dogs into the trash can without mercy.

"It's your mood that has been affected!" Soros laughed loudly, stopped laughing after a long time, pointed at Julian Robertson and said unceremoniously, "It seems that the Hong Kong incident has indeed affected you, at least It has affected your appetite, I don't think today's hot dog is any different from usual."

"Of course!" Julian Robertson glared at Soros dissatisfiedly, gulped down the coffee in his hand, and took a long time to let out a sigh of relief, and said, "George, I lost a total of 600 million dollars this time, including the stock index. Futures and interest futures included, at first I thought we could beat the Hong Kong government, oh no, that guy named Chung Shek, but now it's over."

Without waiting for Soros to answer, he went on to say: "In addition, there is still a large amount of borrowed stocks that need to be repaid, and then a large amount of funds will flow out. God, this time I lost at least one billion dollars. It seems that the performance is going to be ruined, and the management fee may not be collected!"

For managers of hedge funds, their income mainly consists of two aspects. The first is fixed management fee income, and the second is the excess returns obtained when helping clients manage funds. agreement to collect. But if the hedge fund does not achieve excess returns in a certain cycle, then generally speaking, the management fee in this cycle is not eligible to be charged.

  The top hedge funds on Wall Street are generally 2-20, that is, they charge a management fee of 2% of the principal each year and 20% of the excess returns from the excess returns. For example, a hedge fund with a fund management scale of 1 billion US dollars, the net worth of this year has increased by 10% compared with the previous year, then the various fees they can receive are about 40 million US dollars.

  Of course, these are not the biggest benefits they can earn. In fact, turning themselves into "customers" is their biggest benefit. Taking the example just now, if the hedge fund has $200 million from the manager among the $1 billion, his annual income will reach as much as 20 million (excluding various expenses), which is far more than that of the hedge fund. Earn more just by charging fees.

Soros knew this truth very well, so he dismissed Julian Robertson's statement very much, and immediately retorted: "Julian, it seems that you have a high proportion of positions in Hong Kong, but as far as I know, you are in Hong Kong. Other markets have also placed heavy positions, and it will be time to make profits after a while. Besides, didn’t you gain a lot in the Hong Kong market a few times ago? If it comes to losses, I believe I am no less than you, but now we Should we discuss how to adjust the Hong Kong market next time?"

  He said "adjustment", not shock, because Soros is very aware of his current situation, so he is extremely careful in everything and does not want to give others any excuses. Just like in his speeches to Malaysia, South Korea, or Russia, he must always maintain his image as a market regulator, not a notorious speculator, although he is a heinous speculator in the eyes of many people in these countries. speculators.

Image is very important, because it is related to whether the behavior is just or not, so even though Soros is hated by the politicians in Southeast Asia, he still has a growing reputation in the entire Western world, and this reputation is also cleverly controlled by him. ground as a tool.

"This may take a while!" Julian Robertson stopped, threw the coffee cup into the trash can, and then spread his hands, and replied quite helplessly, "George, you must be very clear that we must put the previous After cleaning up all the things, we can start a new investment plan after seeking the approval of investors. Moreover, our performance cannot fluctuate significantly in the short term, otherwise investors will be very unhappy."

   Investors are unhappy, and they will withdraw their funds next, which will completely disrupt their overall investment allocation. Therefore, convincing investors is the top priority before them.

Soros is naturally aware of the joints involved. He nodded his head slightly to show his agreement, and then made a few suggestions, "Julian, after everything is settled, we need to sit down and discuss it. What should we do next?" How to implement a well-intentioned and effective adjustment plan for Hong Kong. This time, we must increase our short-selling efforts, increase our positions, and encourage more capital to join in. Although Hong Kong has a lot of US dollar reserves, it is absolutely It will not be our opponent, and when the Hong Kong dollar collapses, we will earn everything back."

"You're right!" Julian Robertson nodded absently, then looked at Soros, and asked tentatively, "George, there have been rumors in the market recently that you are reducing your position in Russian government bonds. Did you hear something? ?”

"This!" Soros smiled indifferently, and replied casually, "It is indeed reducing the position of Russian government bonds, but I don't know anything, but this part of the funds has been invested in the Hong Kong market. It was Stanley who was operating it, but I didn’t expect that the money invested in it would not bring Hong Kong down, and now that I think about it, I really regret it.”

"It turns out that's the case, so I'm relieved!" The doubts in his heart were gone, Julian Robertson nodded, and quickly walked towards the Mercedes-Benz that had been following him. Some astonished Soros waved his hand.

  Soros was really astonished. He didn't expect his understatement to convince the other party. How could he know that the other party had already learned these things from the email, and now it was just a tentative verification.

   It's just that neither of them thought that the plan to attack Hong Kong again that was discussed just now was not implemented in the end, and there will never be a chance to implement it again.

After returning to his office, Soros began to seriously summarize the losses from yesterday's defeat in the Hong Kong stock market. Among them, 98,000 lots of futures sell orders, with a loss of nearly 5 billion Hong Kong dollars. 500 million Hong Kong dollars, long interest rate futures, the profit is around 300 million Hong Kong dollars. And because of the strong rise in the stock market, the short position stocks sold have a loss of between 1.5 billion Hong Kong dollars and 3 billion Hong Kong dollars. The specific situation depends on the price at the time of final liquidation.

  Adding these items together, the initial loss is between 7.7 billion Hong Kong dollars and 8.2 billion Hong Kong dollars, which is equivalent to more than 1 billion U.S. dollars, which is almost the same as what Julian Robertson said. The bulk of the losses are in stock index futures. And when he thought of that boy Zhongshi, Soros hated him so much that his teeth itch with hatred. Over the past year or so, he had lost more than 2 billion US dollars on this person.

"God, I'd like to see what this guy is capable of withstanding my next attack!" Although he had met him before, Soros had long forgotten the boy who talked to him in England. I don't know where he went, the most urgent thing for him at this time is to be able to fight this young man again.

   I hope everyone will continue to support~

  (end of this chapter)