The Son of Finance of the Great Age

  Chapter 698 The First Hedge Fund (4)

   "Zhong Sheng, something is wrong!"

  When Jiang Shan rushed into Zhong Shi's office, he saw him sitting in front of the sofa chair, frowning and looking at the "Wall Street Journal" of the day. Jiang Shan took a cursory glance and found that the content was about bonds.

  Zhong Shi shook the newspaper, closed it slowly, put it gently on the table, took a sip of the coffee on the table, and then asked slowly: "What happened?"

Seeing Zhong Shi's calm posture, Jiang Shan inexplicably gained a bit of confidence, and his heart was no longer so anxious. After sitting down slowly, he opened his mouth and replied: "According to what our traders have learned from the market, According to the news, many institutions are inquiring about the movements of Tianyu Fund, especially in the bond market.”

   "What are they trying to do?"

  Zhong Shi touched the tip of his nose with a dull expression. He didn't understand what Jiang Shan wanted to say for a while, "What are they asking for our news?"

"I do not know either!"

Jiang Shan frowned and kept shaking his head, "Traders told me that bond traders in the market were always inquiring about the situation of Tianyu Fund when they were trading with them. This situation has never happened before. They thought it was very abnormal, so they reported it to me."

   "Could it be that they know our performance and want to follow suit?" Zhong Shi touched his face and said narcissistically.

Calculated based on the current liquidity, Tianyu Fund accumulated about US$50 billion in cash through a large number of sell-offs a year ago. After this year’s operation, the current fund size has risen to about US$65 billion, and the yield is close to 30%. . Estimated based on the size of this fund and the average income of the entire industry this year, this rate of return may not be ranked in the top ten, but it is definitely the most eye-catching one.

  Among the $15 billion in revenue, the vast majority came from Bell Stone's operations. In particular, the short-selling of several major investment banks in the United States, commodity futures, and the "extorted" funds from the Porsche Group are the most huge. Of course, it is impossible for the outside world to understand the specific profit composition.

   "It's unlikely..."

  Jiang Shan was very speechless, hesitated for a moment, but couldn't help breaking Zhong Shi's fantasy, "Zhong Sheng, I don't think the situation is what you think."

   "What's that like?"

  Being interrupted by Jiang Shan, Zhong Shi was slightly displeased, and immediately straightened his face, and asked seriously, "Just now you said that the traders were inquiring about our internal situation, and it was about bonds, right?"

Before Jiang Shan could answer, Zhong Shi's eyes flickered, and when he saw the "Wall Street Journal" on the table, he realized something, knocked on the table and said, "You came just in time, there was a report in the newspaper today, I read it It's a bit strange. Just so you can take a look, I think this article seems to have something to say."

"yes?"

  Jiang Shan quickly opened the newspaper, scanned the three lines in parallel, and soon his brows furrowed, and his expression became stern and serious.

"The article mentioned 'the yield of the 10-year treasury bond market is abnormal, it is very likely that a certain sovereign fund is buying aggressively, or the influx of safe-haven funds' seems to mean something, is it... Are you talking about us?"

   "Don't know!"

Zhong Shi patted his forehead vigorously, carefully recalling every link, and after confirming that it was impossible to leak the secret, he said in puzzlement, "According to the logic, such remarks cannot be aimless. But I really want to I don’t understand, why did they target us?”

   Zhong Shi naturally didn't know that his actions had been influenced and drawn by Soros unintentionally. Naturally, Zhong Shi would never admit it, because besides being inadvertently drawn by Soros, he also guessed another possibility, and this possibility has already been confirmed.

  So in any case, it is impossible for Zhongshi to retreat.

   "If this article is a call to action, doesn't it mean that we are now becoming the focus of the market and being besieged by many institutions?"

  Looking at Zhong Shi's uncertain face, Jiang Shan thought for a moment, and finally mustered up the courage to say, "If this is the case, wouldn't we become the target of public criticism?"

   Zhong Shi and Jiang Shan know what it would be like to be besieged. There are many similar things that happened in history, and the ending of each one is not very happy. The best outcome is that all the varieties are liquidated, and what is more serious is that the entire fund is dragged down and liquidated. The worst is that the fund manager or even the trader may be sued.

Of course, Jiangshan would not think that a position of just 10 billion US dollars can defeat Tianyu Fund, because the investment situation of national debt is different from others. Without leverage, the worst thing is to hold the national debt to maturity and collect the principal and interest. If there is leverage, the situation is different.

  In addition, Jiang Shan would inevitably have the idea of ​​blaming Zhong Shi in the depths of his heart. If Zhong Shi hadn't insisted on going his own way and chose to buy instead of sell, Tianyu Fund would not be in this situation now. Jiangshan doesn't think Tianyu Fund has the power to compete with the market. But he can only think about these words in his heart, and he will definitely not say them. One is that Zhong Shi's long-term prestige made him unable to speak out, and the other is that these regrettable words are of no help to the matter, and it is useless to say them, and no reasonable person would say them.

   "If this is the case, I will play with them!"

  What stunned Jiangshan was that after Zhong Shi heard it, not only did he not feel a sense of crisis, but instead he showed an attitude of enthusiasm and eagerness to try, which made Jiangshan not know what to say.

   "This whole thing would be so much more fun if it was true!"

Zhong Shi didn't seem to notice Jiang Shan's frowning face, but the more he talked, the more interested he was, "I hope the whole thing is true. It's best if they can sell me all the bonds they can borrow, so that things will be easier." interesting."

"Are you crazy?"

Jiang Shan finally couldn't bear it anymore, and said, "Zhong Sheng, do you know what you are talking about? If this is true, it means that we are fighting against the entire market. Do you know what you are doing? Bonds The market is different from other capital markets. Even if we put all our capital in it, there might not even be a single wave. Zhong Sheng, you have to think carefully about it!"

   "Don't think about it, this matter is decided!"

   At the critical moment, Zhong Shi once again put on an attitude that he had the final say, waved his hand, and made a rough decision. But the next moment, after looking at the disappointed look on Jiang Shan's face, he blinked strangely, and made a rare grimace, "Don't worry, I have a sense of proportion in this matter."

   "Property?" Jiang Shan replied in a rare way, "Property doesn't mean we have funds. If they consume all our funds, what will we do then?"

   "Don't worry about funding, I have an allied army!"

Zhong Shi patted Jiang Shan on the shoulder and said in relief, "Don't worry, my ally, no one can be richer than them! They are the wealthiest organization on earth! The wealthiest, bar none! Alright, now get your **** off and get ready to buy bonds!"

   "The wealthiest institution?"

  Jiang Shan, who was puzzled, looked at the confident Zhong Shi, and had no choice but to leave. Scratching his head, he couldn't figure out who Zhong Shi's allies were.

   On the 29th, there was a changing situation from the very beginning.

As soon as the market opened, a 10-year treasury bond of 500 million US dollars was sold sideways in the market, which immediately detonated the sentiment of the entire market, as if the horn of attack was sounded, followed by dozens of transactions with an amount of more than 100 million US dollars. A sell order also appears on one side of the sell order.

  In less than five minutes, a huge selling order of more than one billion U.S. dollars has been gathered on the selling side. Affected by the selling sentiment, the yield of ten-year treasury bonds has risen sharply. During this period, it has risen by 18 basis points, from 3.65% to 3.83%, and the momentum has not weakened in the slightest. It has a direct impact on 4% trend.

   "Shall we pick it up or not?"

Traders are helpless, they can only watch the yield curve rise rapidly, and on the buyer's side, they can only see that they are slowly consuming this sell order, as if a foolish old man moved a mountain. The foundations cannot be touched.

  The traders were shocked, and at the same time felt a little uneasy. As the front-line fighters, they naturally had the best understanding of the market conditions in the past two days. The selling orders in the past two days have obviously exceeded the previous trading volume, and traders who are basically familiar with them have sold their bonds to Tianyu Fund one after another, which was hard to imagine in the past.

  Seeing the arrival of Jiangshan, the traders seemed to have taken a reassurance, and they all let out a sigh of relief. However, they were fairly disciplined, and they didn't make any loud noises. They just watched Jiangshan silently, waiting for his instructions.

   "Buy it all!"

  Jiang Shan only said one sentence, which immediately ignited the enthusiasm of the traders, "Buy with all your strength, it is best not to borrow leverage, but if the situation is urgent, even if you use leverage, you must follow through!"

  The traders have been gearing up and waiting for a long time. After receiving the order, they will naturally not be rude, and they can't wait to place the order. As traders of Tianyu Fund, compared with traders of other funds, they have a kind of self-confidence and arrogance invisibly. This is not only because they have a large amount of funds at their disposal, but they also know that even if they make a big disaster, there will be Zhongshi who will take care of it.

  Jiang Shan entered Zhong Shi's office, and they all saw it. Now that Jiang Shan issued such an order, it was obviously approved by Zhong Shi. In this case, as long as they operate with confidence and boldness, Zhong Shi will handle the rest.

  The funds of Tianyu Fund appeared in the market very quickly, and the sales orders were generally wiped out by the wind and clouds, and the speed was incredible. In two minutes, the sell orders that had been lying on the selling orders like Mount Tai disappeared completely!

  The real contest begins!

   PS: I've been really busy recently. I believe everyone has heard about the arrest of Zexi Xu Xiang, the super tycoon in the capital market. I don’t need to introduce more about Xu Xiang. You can Baidu or search for related news. What I want to say is that the sensation of this incident is basically equivalent to putting a nuclear bomb in the market. You must know that this person's performance is like a god. And just now, a series of his off-the-market tricks were exposed, including soliciting "Group B" to get news. Among them, a former female star was exposed. Think about our Zhongshi, it is really as simple as a piece of white paper. haha~

  (end of this chapter)