The Son of Finance of the Great Age

  Chapter 634 Final Redemption (7)

  London, late night time, City of Finance.

  Ren Ruowei, who finished his day's work, was about to leave the office when the phone on the desk jingled. He sighed, shook his head helplessly, and picked up the phone casually, "Hello, this is the London headquarters of Tianyu Fund. May I help you?"

  Since Ma Jiarui is already in a semi-retired state, all affairs other than the United States are now managed at will. Although it is management, there are actually not too many complicated things. Because Tianyu Fund is currently divided into several sub-funds as a whole, and each group is divided into several sub-funds according to the country and trading variety. These groups conduct investment sharing in a team mode and conduct annual assessments. So far, there are as many as 30 sub-funds distributed in various continents and countries, each sub-fund has an initial share of 1 billion US dollars, and the number of sub-funds is too numerous to count.

   Such a diversified investment reduces the risk to a minimum. However, in order to prevent a crash, each transaction proposed by the subdivided group still has to go through the risk control system in the background of the headquarters, so whether it is the movement of funds, the management of positions, the setting of stop-profit and stop-loss points, and the deployment of reserve funds , require a higher level of authorization.

   Doing so restrains the hands and feet of traders and fund managers to a certain extent, but generally speaking, the corresponding investment allocation must be supported by risk control, because once a loss occurs below the stop loss line, the team will all leave. In order to implement rewards, the teams with the top ten annual yields will have the opportunity to put their own funds into the main fund for management, and this main fund is naturally managed by Zhong Shi himself.

   So far, the assets of the flagship fund managed by Zhongshi have exceeded 70 billion US dollars, and the investment fields include the Internet, oil, aviation, film and television culture, real estate, automobile and other industries. From the United States to China, from Germany to the Arab region, there are shadows of Tianyu Fund.

  These are just the industry parts. Among the Tianyu Global Fund, which is only open to insiders, what insiders like to talk about most is that when the subprime mortgage crisis broke out last year, the Paulson Fund invested by Zhong Shi made a crazy profit of 10 billion U.S. dollars, becoming a single investment fund. Get the most out of your investment.

  So being able to enter this fund is undoubtedly the ultimate dream of those external teams. Although their income in some years is enough to surpass the flagship fund, they think that they cannot achieve continuous positive income for 20 consecutive years, and they have built an empire of hundreds of billions of dollars almost with bare hands.

  As the management of sub-funds, it is generally the people from the headquarters of Tianyu Fund. On weekdays, the headquarters will not interfere with their operations, but if there is a need for time, these funds must cooperate with orders from the headquarters. Naturally, the performance of these funds will not be included in the assessment of the year.

  Ren Ruowei flew from Hong Kong to London to convey the news about the sale of British bank stocks. Because it is equivalent to being "conscripted", the British side welcomes Ren Ruowei's arrival.

  Because London, England is a financial center, seven sub-funds are gathered here, second only to the ten sub-funds in the United States. Among them, the funds originally invested in the stock market reached as much as US$5 billion, and now the market value of these stocks has reached about US$12 billion, of which the share of bank stocks exceeds US$2 billion.

  In addition to these shares, Tianyu Global Fund also holds about US$1 billion in bank shares in the UK, including HSBC, Standard Chartered, Royal Scotland, Barclays and other banks. These shares together are about 3 billion US dollars, and do not include various options and warrants.

Just in the London market on Friday, shortly after the opening of the market, the entire market experienced a huge shock. Bank stocks including HSBC and Barclays saw a large number of sell-offs. The surging sell-off shocked the investment in these stocks. By. Among them, the amount of HSBC Holdings' pending orders reached as much as 20 million U.S. dollars within two minutes. This kind of selling rate immediately caused the price of HSBC Holdings to drop by 3.2 pounds.

   Soon the entire market began to pay attention to the banking sector, and investors asked what happened. And some institutions tried to take over the order, but soon they found that it seemed that the seller was not simply selling, but panic selling, because similar situations not only happened in the stock market of these stocks, but also happened in options In the market, immediate buying options were sold in large quantities, while short-selling options skyrocketed in price due to a large number of buying.

   Clearly someone is shorting these bank shares.

   But no matter what, there are no relevant rumors in the market to confirm the establishment of this sell-off, because after a period of time after the price fell, many institutions entered the market to buy again, but after entering, they discovered the madness of the sellers. Regardless of the cost, blindly follow the market price. Often at the last moment, as soon as the transaction price is displayed, a huge amount of selling orders will come out of thin air at the next moment, directly lowering the price by one price, and then this situation will happen again.

   Crazy shipments.

Half an hour later, this wave of selling was finally stabilized, the main force of buyers appeared, and the momentum of the collapse was finally stabilized, but a price correction seemed unlikely, because the lack of confidence brought about by this kind of selling made buyers also Don't dare to act rashly. They can only defend passively, what they have to do is not to let this panic spread to other plates.

   Trading was completed all day, HSBC fell 5.47%, and Standard Chartered and Barclays also had similar declines. Among these stocks, the most tragic is the Royal Bank of Scotland, which sold a staggering 410 million pounds throughout the day, a drop of nearly 10%.

  No one knows why, but the British regulatory authorities know who is selling, so they quickly found Ren Ruowei after deliberation.

"I am Santer, the deputy director of the British Financial Services Agency, and I want to chat with your person in charge!" A voice with a strong accent came from the microphone, "Yes, I am looking for Mr. Ren, Tianyu Director of the Fund London."

Although the person in charge of Tianyu Fund's London area is not reckless, a full day has passed since the closing of the market, which is enough for the Financial Services Bureau to find out the "culprit" behind the scenes, so this person named Sante As soon as the husband opened his mouth, he went straight to Ren Ruowei.

   "I am Ren Ruowei!" Ren Ruowei replied frankly, "I don't know what important instructions Director Sante has? Also, is this conversation a formal one or an informal one?"

"If it's a formal conversation, I don't think I'll talk to you on the phone!" Sant explained patiently, "We noticed your reduction of holdings in the market on Friday, and I think your actions have caused a lot of trouble. Don't you feel the need for an explanation for the unusual volatility of the market?"

  Although the words were very euphemistic, Sante believed that Ruowei should understand what he meant. The Financial Services Bureau is equivalent to Hong Kong's Securities and Futures Commission. The "persuasion" from this agency is advisory opinions at best, and warnings at worst. Next, if your explanation does not satisfy them, I am afraid they will take measures in the next step.

"We are very pessimistic about the British banking market!" Ren Ruowei decided to tell the truth after a little thought, "A newspaper report two days ago said that Barclays Bank intends to acquire the American Raymond Brothers. After our analysis and judgment, the transaction The risk is too great, and it may affect the safety of the entire British financial system, so for the sake of safety, we decided to clear our relevant positions before their transaction is successful."

   "You said there was danger?" Sander suddenly became nervous, "What danger is there? Did you hear something?"

  In fact, within the Financial Services Bureau, Barclays' acquisition of Lehman Brothers is also being discussed. As for the attitude of this acquisition, the Financial Services Bureau is not optimistic about it. Now within the Financial Services Bureau, the most discussed is about the Royal Bank of Scotland, because their financial statements have suffered huge losses for three consecutive quarters, so at least so far, there has been no official statement about the acquisition of Raymond Brothers.

   Santer was very nervous, for fear that these institutions would know the inside story that he did not know from other channels, or know something that these institutions should not know.

"Sorry, Mr. Deputy Director, we don't know the inside story." Ren Ruowei also became nervous, "According to what I know, these trading orders were sent from our headquarters, and my boss, Mr. Zhong Shi, personally issued the order. He himself is now in the United States, saying that because the impact of the subprime mortgage crisis quickly hit the British financial system, although the Northern Rock Bank was nationalized to avoid a crisis, the British financial system still has great security There are hidden dangers, so he decided to sell all the shares of the Bank of England on hand, the sooner the better."

   "..." Sant fell silent.

   Santer had heard about Zhong Shi’s lawsuit in the United States, and he was even more surprised by the fact that Zhong Shi escaped safely. In his opinion, Zhong Shi must have been involved in insider trading, but the SEC failed to catch him in the end, which made him very impressed with Zhong Shi. And now according to what Ren Ruowei said, it seems that the other party seems to be eyeing the British financial system?

   Naturally, something like '92 is never likely to happen. But who can say for sure that if things like Northern Rock happen a few more times, the British financial system will continue to be rock-solid?

  At least Santer knows that there is indeed an international consortium involved behind the Northern Rock Bank incident.

"Okay, I got it!" Sant was silent for a while, and wanted to end the conversation, "As for your motives for selling stocks, I think you should submit a detailed report before five o'clock tomorrow afternoon. I think You should have all the relevant strategies ready."

   "Yes!" Ren Ruowei blushed, he understood what the other party meant.

  Because they may be involved in allegations of stock price manipulation, before the sell-off, the analysts of Tianyu Fund have prepared several analysis reports, in which they explain in detail the reasons for selling bank stocks. Of course, some of these reasons are far-fetched, and some are real money.

   "If..." Sant thought for a while, carefully organizing his words, "If the Financial Services Bureau tells you to stop selling and maintain market stability, will you listen to us?"

   It is risky to say such a thing, so Sante cautiously tried it. In fact, the purpose of his call is for this purpose. He and his colleagues believe that the sell-off of Tianyu Fund has seriously affected the stability of the market. So before communicating, warn the other party first, but obviously, the other party doesn't seem to care too much.

"We will ship as soon as possible, and sell everything short!" Ren Ruowei naturally would not listen to the other party's advice, "Even if we get into trouble, we are not afraid. Because if Raymond Brothers is really acquired by Barclays, we will My judgment is that the collapse of confidence brought about by the subprime mortgage crisis will soon spread to the British market, and the financing of British financial institutions will become a big problem at that time, and institutions like Lehman Brothers may also appear.”

"Just like the Royal Bank of Scotland, we noticed that after the merger of ABN AMRO, the synergy effect of the Big Mac has not been reflected, and the financial statements are even worse. If the market confidence collapses at this time, I believe that this institution may It's hard to escape the tragic fate." Ren Ruowei snorted twice and said with a sneer.

   Sante didn't speak any more, and hung up the phone silently. The other party talked about the current pain points of the Financial Services Bureau.

   I’m sorry that I couldn’t finish writing until now because of a computer problem. I’m sorry everyone... I would like to thank book friends Europe 56, book friend 131025103232773, Little Little Pig, ReaderSlip, Flying Elf and other book friends for voting monthly! Thank you very much for your support, and I hope that more book friends will also support this book~

  (end of this chapter)