Future chat group

"Domestic demand is sluggish and economic growth is slowing down...I am optimistic that Hong Kong Island's policies will be supported by proposals...Hong Kong stocks are bullish this week...focus on...it is recommended to increase the proportion of underlying stock holdings and appropriately increase the number of call warrant chips..."

Lei Hao wrote very happily. There was no big news about the future information during this period, but it was just enough to train Sun Keyi's team.

According to the information, the Hong Kong government has a tax reduction bill. Regardless of whether it is passed or not, this is a signal. Based on this signal, and based on the market changes during this period, with Lei Hao's current ability, he can still see Produced a lot of things.

What should I do if my analysis is wrong? Lei Hao looked at the information recorded in his notebook that "the Hong Kong government is good at stimulating the stock market" and expressed no pressure.

As the investment director and chairman, almost all documents of Lei Hao go through Lei Hao's hands. It is very appropriate for him to write his own suggestions on certain documents and reports in accordance with his duties.

"Yingfeng, give this document to Advisor Sun immediately." Lei Hao called Li Yingfeng and gave instructions.

Sun Keyi is an investment analyst and also wears the title of investment consultant. When he took the document, he felt that Lei Hao was the consultant. This was too confusing.

"Brother Yi, did Mr. Lei give you some advice again?" Sun Keyi's subordinates were also very confused.

Their investment has turned a profit, why do they still feel guilty? If you obey the investment director's orders in everything, then why do you need them? Just recruit a group of traders and fill them directly into the trading department.

"How many positions do we have now?" Sun Keyi frowned. He himself felt that the stock market was more likely to fall, but Lei Hao suddenly came up with such a suggestion, and he could not ignore it.

"More than sixty-five million."

"More short positions?" Sun Keyi asked knowingly.

"Well, the ratio of long to short is 4.5 to 5.5, and our position model is more conservative."

The so-called more conservative means that you have a strong ability to withstand declines. If the stock market is improving, then a problem will arise. Your ability to rise may not necessarily be able to catch up with the corresponding index.

It's just that Sun Keyi adopts this method. Even if the underlying stocks he holds are not as good as the index, he does not have to be afraid of temporary losses, because these large blue chips with low valuations have a large weight ratio, and he cannot lose too much, and in the end The index also regresses to the cost line in the quantitative model.

Furthermore, Sun Keyi has sufficient funds. He can do some operations between market changes and stop losses, which is no pressure for them.

However, Lei Hao gave his opinion. If the stock market really rises, they will still lose no matter how small the loss is.

"To attract more bullish chips, both underlying stocks and warrants are needed." Sun Keyi thought for a long time, and finally sighed and said, "Hedge it. When the market appears, we will do some technical arbitrage."

Change plan? The people in Sun Keyi's team looked at each other and were a little unwilling. They were elites in the field of quantitative hedge funds. They would change their operations just because of Lei Hao's opinion. This... seemed to make sense.

After all, he is the chairman and investment director. If he wants to take charge, let him take charge. If something goes wrong, he has a share of responsibility. If it is done well, he will have a share of the credit, so why bother doing it?

Unknowingly, Sun Keyi and others put aside their prejudices and arrogance, began to accept Lei Hao's identity as investment director, and were willing to try to listen to suggestions.

But they will definitely not admit the fact that they are timid. This is simply embarrassing.

Quantitative hedge funds began to increase their long positions, and Lei Hao discovered this immediately.

"The little rebel is starting to be obedient." Sitting in the office, watching the data on the computer screen jump, Lei Hao breathed a sigh of relief. Looking at the positions of Sun Keyi's team, he remembered another thing: "It seems that these chips can be used Let’s use it first.”

What Sun Keyi and the others do is quantitative hedging. Among the 65 million positions, there are about 35 million short securities, part of which can be borrowed by Tao Liyu.

For example, if you are short on index futures, you first use it to close your position. If the stock market rises, you can then buy the same amount of short index futures in the same period and pay it back. Interest will be deducted from the increase, which is the extra profit.

Just in time, Tao Liyu injected HK$100 million into Sun Keyi, and allocated another 50 million to invest in the company's construction. The remaining HK$500 million was about HK$500 million. He spent 300 million on the initial position, and now there is only 200 million left. Said it was barely enough for this week.

Tao Liyu's funds plus Sun Keyi's short position should not affect the entire market.

"It's not in vain. It can also increase some interest income for Sun Keyi. Why not?" Lei Hao thought for a while and gave instructions to Tao Liyu.

Regardless of whether you use formal channels or do some sideline trading, Lei Hao is not prepared to let go of this part of the profit.

If the leader opens his mouth, his subordinates will lose their legs.

After Lei Hao made the decision, Tao Liyu, Sun Keyi and others became even busier. Other departments of the company also had to provide assistance, which invisibly increased the workload of these people.

If the expected results are not achieved, this group of people will think that Lei Hao is working in vain, which will invisibly reduce his prestige. But if the results are satisfactory, then Lei Hao will silently leave a impression in the hearts of his subordinates that he is capable and capable. The impression of daring to do something.

"I'm so tired. Investing in Thunder, why do I feel busier than HSBC?"

"There is no other way. In addition to developing customers, we also have to help the fund."

"Speaking of customers, we don't seem to have signed many contracts during this period."

The gossiping suddenly stopped. What employees fear most is that the company has no business. They are not afraid of being tired, but you have to let them see the future.

Thunder Investment really hasn’t signed many contracts during this period. Because it is tied up with Sun Keyi’s quantitative hedge fund, many people have begun to wait and see.

"I don't know what Mr. Lei is thinking." Many people began to have this doubt in their hearts.

Lei Hao is thinking about making money, but he also knows the company's recent difficulties. He plays bundling, and many people have also started to play bundling. You want me to open channels? Okay, I have some money here that I want to invest. Mr. Lei, do you have any suggestions? Don't tell me about quantitative hedge funds, I don't care.

What Lei Hao wants to do most now is to bring up quantitative hedge funds, and take advantage of the trend to convince Sun Keyi and others.

Sun Keyi and others did not think so. They made slight adjustments according to the suggestions given by Lei Hao, but they did not listen to them all. They even thought that if Lei Hao made a mistake, everyone would not have to obey him too much in the future.

As long as Lei Hao makes a mistake, Sun Keyi and others will start to work against it, and Su Yiwen can start trying to negotiate the specific terms of the fund, and investors can fight for the interests that "originally" belong to them.