The Son of Finance of the Great Age

  Chapter 486 Bond Hunter

Bond Hunter drove his bright red Ferrari slowly out of his garage into the driveway, then slammed on the gas pedal, followed by a loud roar that shattered the neighborhood The tranquility of the car, and by the time the disgruntled neighbors go out cursing, even the taillights of the car can no longer be seen.

This is Calderley, Canada. Strangely, it's not New York or Greenwich. For Bond Hunter, the star trader, Evergreen Hedge Fund had to open a branch in Canada. This branch is almost Is around Bond. Hunter to operate.

  As a star trader of the Everlasting Flower Fund, at its peak, more than 90% of the Everlasting Flower Fund's profits were created by Bond Hunter. In order to prevent poaching by other hedge funds, in addition to offering him an irresistible annual salary, the management of the Evergreen Fund also increased the profit share of his investment portfolio from the previous 7.5% to 10%.

  No different from ordinary Americans, Hunter has a popular face, maroon hair, high browbones, deep blue eyes, straight nose bridge and thin lips. The only thing that can be said is probably his height, 6 feet 5 inches tall, close to 2 meters, such a tall figure is not common on Wall Street.

   Yes, he played football in college, the position is the quarterback, as the core of the entire team, he has a strong body and keen insight. After trying to get into football, Hunter got a master's degree in math and went on to Wall Street.

When hurricanes Katrina and Rita hit refineries and natural gas facilities in the Gulf of Mexico respectively last year, the Evergreen Fund, which bet heavily on natural gas futures and options, was a big winner, earning more than $1 billion. Profits, and Bond Hunter's team share also set an astronomical figure. It is said that his share is between US$75 million and US$100 million, and the specific figure is only known to him.

For such a trader, the top management of the Buweihua Fund is naturally responsive to him. Even if it exceeds the upper limit of the risk control mechanism, everyone can only turn a blind eye and close one eye. Things, as long as he can continue to make money.

   But the situation has changed this summer, and the main investors of the Evergreen Fund have already called for withdrawing their shares out of concerns that their positions are too large. Under such circumstances, the top management of the Everlasting Flower Fund put this kind of pressure on Bond Hunter. Although the attitude of disapproval is still on the surface, Hunter's nerves have been tightened again, and he needs to prove himself again.

  After a lot of fighting, Hunter succeeded again, and this time he earned another 1 billion US dollars, which is enough to satisfy all parties, although these are only floating profits, and they are not settled.

   "Nick, what happened?"

After arriving in the cool office, Hunter unhurriedly took off his suit, hung it on the hanger in a leisurely manner, and took a few breaths habitually, as if blowing away the dust that didn't exist at all. After everything, he sat comfortably on the seat, snapped the elastic back straps, and then pressed the phone on the table, and began to communicate with the people in Greenwich.

The person who talked to Hunter was Nick Mahoney, the founder of the Evergreen Fund. This trader started out with convertible bonds and founded the Evergreen Hedge Fund in 2000. Like many elites on Wall Street, He was young and full of ambition, and once wanted to compete with James Simmons. But the reality is cruel. His quantitative team is far from the strength and complex models of Renaissance Technology Hedge Fund, and if Hunter hadn't joined, No Flower Fund would not have developed to the level it is today.

Although today's Evergreen Hedge Fund is still in the convertible bond business, its profitability is far inferior to that of the energy sector, so even if the other party did not answer the phone in time, Nick could only express his little dissatisfaction. Buried deeply in my heart.

   "According to market rumors, some liquidated natural gas positions have not been liquidated, but have been taken over by others. The margin has also been replenished. It seems that the other party does not give up, so you should pay attention to your opponent's order!"

Nick said solemnly, although these were just rumors he had heard, but after analyzing the market and the total number of open positions, he believed that the rumors were correct, so he notified the Canadian side as soon as possible, hoping to Arouse the other party's vigilance.

  During this period, Nick was under tremendous pressure, because all investment strategies were notified to investors, which was an inevitable procedure. However, among the many investors of the Everlasting Flower Fund, there are many shrewd and flexible institutions. For example, the Blackstone Fund, which clamored to withdraw its shares some time ago, felt the danger after seeing the huge position of the Everlasting Flower Fund. , even at the risk of a punitive fine, would have to withdraw their shares, but they tactfully stopped the debate after seeing the Evergreen Fund make a fortune again.

   Making money is king!

Although the controversy over the withdrawal of shares was temporarily quelled, Nick also realized the danger of an overly serious natural gas position. Insincerely reminding Bond Hunter, while praying for the worst.

   "So what? Can they change the weather?"

At this time, Bond Hunter has already lost his awe of the market, especially after this turnaround, his complacency has swelled to the extreme, and he can't let go of anything, so even if Nick hints repeatedly, he He didn't take it to heart at all, he just answered carelessly and stopped thinking about it at all.

  Bond Hunter previously worked at Deutsche Bank and was responsible for the energy sector, but after a huge loss of 52 million US dollars, his team was immediately kicked out. Hunter was very angry about this. He attributed the reason for his dismissal to the weather, because the weather is unpredictable and manipulative, so the loss of such a scale occurred, and the responsibility is not on himself or his team.

After coming out of the commodity trading department of the investment bank, Hunter and his team joined the ranks of hedge funds, and quickly stood out and became the focus of attention from all parties. Even the famous SAC Fund also sent them invite. However, because the conditions offered by the Everlasting Flower Fund are too attractive, and they are given the right to control funds of 3 billion U.S. dollars, Hunter and his team can stay in the Everlasting Flower Fund with peace of mind.

  Through these 3 billion U.S. dollars, and through leverage, Hunter and his team have established a position of tens of billions of U.S. dollars in the natural gas market. Therefore, although the fluctuation range of natural gas futures is not very large, as long as it fluctuates in the right direction, Hunter's position will make huge profits.

  By distributing irrelevant news, Hunter successfully reversed the market trend, which swept away the pressure he had been carrying recently, and also successfully defeated his opponents. In this complacent situation, of course he would not take Nick's advice to heart.

"This time it is really serious. It is said that foreign capital took over the parent rock fund's position. I don't know exactly where it came from. However, according to our analysis and judgment, the other party may be determined to do business with us. Opponent, if the opponent is really rich and powerful, I suggest you reduce some positions appropriately!"

  Nick still did not give up persuading. During this period of time, there was a faint sense of crisis lingering in his heart, which made him very uncomfortable, but he couldn't tell exactly what the situation was, so he could only attribute this feeling to the sense of disk.

Many traders have a talent, that is, they have an inexplicable feeling when watching the market. This feeling will remind them how to operate, and the operations driven by this feeling are often correct. Some people call this feeling Call it "disc sense".

  Although the disk feeling is very mysterious, not everyone has this feeling, and for funds that have been held for a long time, this feeling has almost no effect. Because in many cases, the market sense only appears in short-term operations, and for long-term operations, rigorous research and demonstration and strong thinking logic are the most fundamental guarantees for making money.

   "Whoever it is, let them come! I don't care!" Bond Hunter said confidently. In fact, he also thinks that there is nothing wrong with his investment portfolio. As a master of mathematics, he and his team have carefully studied the possibility of losses in his shoulder arbitrage model, and the final calculated probability is one in a million 4.8, it should be said that this possibility is almost negligible.

Although Hurricanes Katrina and Rita are also low-probability events, Hunter bet his profit on this small probability and selectively ignored the possibility of losses. This has to be said to be a subjective bias.

"Well, since you think it's right, then go ahead and do it!" Although there was some bad feeling in his heart, Nick quickly swept away this negative emotion, and now he urgently needs this A star trader came to make profits for himself, and he has repeatedly reminded, I believe he should pay attention to the position problem, "At a later time, the "Wall Street Journal" will do an exclusive interview with us. Of course I Clearly, this is all your credit, how about it, do you need me to say something?"

   "Relax man, I don't need these compliments, you know it's meaningless!"

Bond Hunter finally laughed out loud. Although he knew very well that it was the dream of many Wall Street elites to be targeted by the "Wall Street Journal", he didn't want to show off the limelight, because for him, being a household name was nothing at all. What is the meaning, as long as the investor knows his ability is enough.

Therefore, he gave his own suggestion, "Nick, my buddy, you should clarify all the rumors about us in the market. In addition, with this opportunity, you should be able to further expand the current fund management scale." , to spread the word about what we've done. That way I'm more likely to give it a shot, no?"

  Then, the two of them laughed at the same time. Yes, even if there was a huge loss of one billion before, even if some customers threatened to withdraw their shares, but now everything has passed, and everything has become so beautiful after the rain has passed.

  …

   "God, they have so many positions, I'm afraid there is no chance to get out of the market! Their collapse is just a matter of time, I know it will happen, it will happen, it's only a matter of time!"

   A small trader standing beside Zhong Shi said swearingly.

  This unremarkable trader is only about 1.7 meters tall. Standing in front of Zhong Shi, he looks a little short and has a Chinese face. However, when communicating with Zhong Shi, he speaks English. His name is Hu Ping, and he is one of the many outstanding traders who have stood out on Wall Street in the past few years. He was recruited to Tianyu Fund last year and is currently in charge of the North American capital market. He usually focuses on the S&P 500 constituent stocks and some technology stock movement. This time Tianyu Fund is going to attack the Evergreen Fund. As the vanguard, Hu Ping has been collecting relevant materials on natural gas futures very early, and he and his team have studied the current trend of natural gas futures.

   Thank you book friends, it wasn’t me who voted for the monthly ticket last night! I can finally write well on the weekend, I hope everyone will continue to support!

  (end of this chapter)