The Son of Finance of the Great Age

  Chapter 481 Final word (3)

   I have to say that Soros personally tried to win him over, and the effect was quite good. Julian Robertson was indeed tempted, although he didn't say it clearly. After all, the two sides had had quarrels before, even though both sides tacitly did not bring it up, but in this case, the two sides still established a fragile tacit understanding in the face of huge interests.

  But soon, this tacit understanding was completely broken by market rumors, and it was also doomed that the two would never be able to join forces in the future.

The rumors that first appeared in the market were that in the final stage of the attack on Hong Kong, a big short seller reached an agreement with the Hong Kong government and gave up the attack at the most critical moment. fail.

  The promise that this big short-seller who defected was to sell Hong Kong dollars at the original price in the Hong Kong dollar foreign exchange market from the Hong Kong Monetary Authority, so that they can recover U.S. dollar funds without loss.

  As soon as the news came out, it immediately attracted the attention of all parties. There was no other reason, but the news was too shocking. However, people with a discerning eye soon realized that this news was completely unreliable. Because no matter from which aspect, the returns of the two in the rumors do not match at all, as long as a fund manager with a little brains will not choose to do so.

  Therefore, even when the rumors spread most ferociously, no one put the identity of the big short-seller close to leaders like Quantum Fund or Tiger Fund, because it was too unreliable.

So when Soros, Druckenmiller, or Julian Robertson heard this rumor, they all laughed it off and didn't take it to heart at all, so they didn't bother to pay attention to this kind of boring and lack of common sense. It is simply an insult to their IQ.

   But soon, the situation became serious.

   Just when this news was almost forgotten, more details broke out again. The content this time is much more exciting than the last time, and it is well-spoken. According to the latest rumors, the reason why this short seller reached an agreement with the Hong Kong government is because its competitors have repeatedly opposed it in the capital market, and in order to teach its opponents a lesson, this fund is willing to risk offending the whole The risk of shorting Hong Kong funds in the world has reached an agreement with Hong Kong.

  The news this time is far more detailed than the last one. When Wall Street analyzes this news again, it will get more news.

  First of all, it was based on the purpose of "fighting competitors", so it did not hesitate to "reach an agreement with Hong Kong". In this way, the rumor has a certain degree of truth. Therefore, the entire Wall Street is guessing who played such a role in this matter. After all, when it comes to interests, even the closest brothers sometimes have their own goals.

  For a while, small and medium-sized institutions on Wall Street were listed as suspicious targets. After all, they were in the same circle, and there were more or less grievances with each other.

At this time, no one suspects that Quantum Fund and Tiger Fund are the leaders, not only because they play a leading role in this matter, but also in terms of the scale of funds for attacking Hong Kong, any one of them is slightly larger. Any slack will be keenly captured by the market. And if there is a conflict between the two parties, turning back on the last day of selling Hong Kong stocks will not hurt the other party, after all, both are giants.

Therefore, the targets of market speculation are concentrated on those small and medium-sized hedge funds, whose funds under management range from hundreds of millions to billions of dollars, whose management has had conflicts of interest with other funds, and once After losing the bet on the attack on Hong Kong, there is a possibility of liquidation.

Some people even pointed the finger at the asset management department of the investment bank. You must know that these investments have been established for decades, and those with a long history may be close to a hundred years. Stumbling blocks and falling into traps are all very possible things.

  But the most involved parties, Soros and Julian Robertson, clearly sensed a hint of danger, but it was difficult for them to come forward to clarify at this time. If they come forward to "clarify" at this time, they will be suspected of "there is no silver three hundred taels here", which they don't want to see. What they are most happy to see is that this rumor fades away after being spread and discussed, and gradually dissipates.

  Naturally, things will definitely not develop as they thought. After going on for a while, the news broke out again in a new version.

  The third wave of news soon followed, adding fire to the atmosphere that was already at its peak. First, the two sides wrestled with each other over the Korean won, then fought fiercely over the Indonesian rupiah, and finally the two sides wrestled over the Hong Kong dollar. Compared with the last time, the news that broke out this time revealed more details and things that can be excavated. First of all, the grievances between the two institutions have existed even before the Korean won, and secondly, the two sides have fought for so long, and finally broke out completely in the Hong Kong capital market, I am afraid that it will really tear the face.

  For Wall Street, the focus is not on their old grievances and the means they use each other, but on who betrayed them at the most critical moment. We must know that at a time when the whole world is working together to attack the Hong Kong capital market, there is such a rebellious guy who does one thing on the surface and another in the dark. This is to commit public outrage. Therefore, if his identity is made public, it will definitely cause many people to cast aside it.

   It is not that no one doubts the authenticity of this rumor. In fact, most people take a wait-and-see attitude towards this rumor. After all, the current amount of information is not enough to explain the problem. But the point of the matter is not this, but after the crash in Hong Kong, Wall Street institutions need to find a suitable reason to shirk their responsibility for failing to attack the Hong Kong capital market. And the emergence of this institution just gave them an excellent excuse.

Recently, Wall Street has been quite uneven. First, it failed to hit Hong Kong, and then it was collectively planted in the Russian government bond market. More than 30 billion US dollars of funds were frozen in Siberia. They are already prepared to never get back the last penny of the money. While these bad news hadn't faded away, Wall Street's hedge funds stumbled heavily on the yen, losing more than tens of billions of dollars.

  Since the first Thai baht failed to defend, Wall Street elites have continued to fall into the frenzy of attacking the currencies of Southeast Asian countries, and with the fall of one currency after another, this frenzy has also reached its peak. But now three major setbacks in a row are like pouring cold water on their heads, making them finally realize that this world is not something they can do arbitrarily.

  The most urgent task now is to find an excuse for his failure. Naturally, these excuses cannot be related to politics, although everyone knows that this is a political factor.

   At this time, the character in the rumors became their life-saving straw. Someone must play this disgraceful role to wash away the stains on their bodies.

   Soon, some people targeted Quantum Fund and Tiger Fund in the rumors. Although most people still don’t believe it, it is undeniable that they were all involved in the attacks on Korean won, Indonesian rupiah and Hong Kong dollar.

   Regarding the overwhelming speculation in the market, the public relations departments of both parties kept silent and allowed the market to speculate wantonly. Although generally speaking, Wall Street takes the approach of ignoring such rumors and letting things pass. But this time is different, because at present Soros is still the top brother in the market, and even Moscow has to weigh what he said, and this kind of groundless speculation has obviously damaged his prestige, so even if it is reasonable , Soros has to clarify through the spokesperson.

   Similarly, Julian Robertson also remained silent, showing an attitude of not caring about market rumors at all, and letting the outside world speculate wildly.

  But the news that was released obviously did not intend to let them go just like this. Soon, another news flowed out from the market. But this time the direction is more clear, and even gives people a feeling that the identity of this organization is ready to be revealed.

  The news is that the institution is a giant in the market, and its opponents are also giant-level institutions. The two recently competed in the Russian government bond market, and one of them succeeded in revenge, causing the other to swallow hundreds of millions of dollars in losses.

  In this way, the identities of the two parties are self-evident. It is Tiger Fund and Quantum Fund, and only these two, that best fit the description. This time they couldn't sit still anymore, but when they thought about how to refute the rumors to the outside world, both sides began to worry again.

  If the two sides want to refute the rumors, it is impossible for the outside world to get entangled in the Russian national debt, which is easy to explain, but they may not be able to explain the abnormalities in the South Korean won, Indonesian rupiah and Hong Kong dollar markets. Because this involves the means of wrestling between the two parties, it is undoubtedly despised by the entire industry. I'm afraid that as soon as they say it, their reputation will be ruined immediately.

Of course, investors may not necessarily abandon them, and the SEC will not hold them accountable, but for the industry, the open window paper will be completely reduced to a laughing stock, as long as they hang around in this industry for a day, This matter will be brought up endlessly by the market.

  Soros and Julian Robertson had a hard time thinking about this, and they couldn't think of a complete enough coping strategy. Only then did they realize how powerful Zhong Shi was.

  When the rumors first came out, they guessed that there must be a third party in the market. They were well aware of the grievances between them, but they just kept holding back. Originally, they hoped that this matter would end after a while, but as the situation intensified, they realized that before they knew it, they were already in an extremely embarrassing position.

  By this time, it will be impossible for them not to come out to refute the rumors.

  The high-level officials of the two organizations began to contact frequently to discuss how to extinguish this matter and its adverse effects. Even though both sides have ulterior motives, at this time, the two sides don't have much choice. In the end, the two sides decided to work together to suppress this matter.

  At the end of September, both parties announced the operation records on the Hong Kong stock market. Except for some stocks that have not been closed, most of the other transaction records have been made public. Because these operations have passed, there is no need to keep them secret. This action of theirs is naturally to use the publicity of the operation records to quell the speculation that they are not defecting from the market rumors. Moreover, they did it. When the operating records were made public, the speculation in the market suddenly stopped.

In their operation records, they recorded in detail the amount, amount, price and other information of the stocks they borrowed and sold in the last two trading days. There is no "collusion" with Hong Kong.

  Although he has proved his innocence, the impact has been irreversible!

   Thanks to book friends 8112268536 and Xia Yangyang for voting monthly!

  (end of this chapter)