The Son of Finance of the Great Age

  Chapter 323 This misunderstanding is a bit big

After the Asian currency trading session ended on this day, Andrew's phone began to ring frequently. Andrew, who was still looking sad, pretended to be a different person, and his tone was blunt and indifferent. When the researcher accidentally overheard him answering the phone for the first time, he felt baffled and wondered why the director suddenly changed his face.

   "Zhong Sheng, are you busy?" Just one day later, Andrew came to Zhong Shi again, but this time he didn't get angry, but rather groveled.

   It stands to reason that Zhong Shi and Andrew have also known each other for ten years, so there is no need to be so polite to each other. It was just that after the large-scale selling in the Korean won market, Andrew thought that Zhong Shi was supporting him, and he was very grateful in his heart, so he was extremely humble in his attitude.

Most of the people who called frequently just now were people who had put on a high-ranking attitude towards him a few days ago and didn't take him seriously. Now these people see the violent fluctuations in the Korean won market, put down their previous airs, and start to curry favor with Andrew. Come.

   Andrew enjoyed this change very much, but he also knew that the reason for this change was not his own, but the sudden huge selling orders in the market. As for who is the selling party, the answer is already coming to mind, reminiscent of Zhong Shi's speech yesterday.

"Look at your virtue, it's no different from Li Lianying!" Zhong Shi glared at Andrew, feeling annoyed and a little funny, threw him a cigarette, and said, "How about it, this time being sought after by the capital world should be Does it really make you feel elated?"

"Yes, yes." Andrew took the cigarette, lit Zhong Shi first, and then sat back on the sofa opposite, "But when they asked, I can't answer the price, and I'm not here to ask for advice. Are you there yet?"

Zhong Shi curled his lips and said disdainfully: "It's too late, even if they borrow Korean won now, there is not much time left for them to operate. These watchdogs missed such an opportunity, and I am afraid they will make money in the Korean won market." Not too many opportunities. But you can answer them this way, selling won is always a good speculative opportunity, let them try to sell won before the 15th.”

  The opportunity Zhong Shi mentioned is naturally the opportunity of a sharp depreciation of the Korean won. This is the biggest profit point for shorting in a certain currency crisis, and the profit margin can reach dozens of percentage points. If there is a subsequent depreciation, after the currency floats freely in the market for a period of time, a new equilibrium exchange rate will soon be formed, but this exchange rate will not be stable in the short term, because this is only a preliminary expectation. The consequences of the series are gradually revealed. At that time, the currency will depreciate again, but this time the depreciation rate is definitely not as much as before. A few percentage points is already very good. Then there is the intervention of other financial institutions and changes in expectations. Eventually, in the short term, the currency will form a new equilibrium exchange rate again and fluctuate up and down here.

   This is basically the trend process of the currency standards of various countries during the entire Asian currency crisis.

  If you intervene in Korean won now, it will take time to mortgage, sell, wait for depreciation and many other links. Obviously, the market will not leave too much time for these people. Today's large-scale selling has alerted the international speculators who had long planned to attack the Korean won.

  …

  America, Inside Tiger Fund, Julian Robertson is throwing a fit.

"For God's sake, I'm going to find the culprit this time. Yes, I'm going to find him, the **** son of a **** who didn't wait for my notice to do this How many dollars will it cost us? The **** bastard!"

  After the successful evacuation from Hong Kong, Julian Robertson and his team quickly intervened in the Korean won market, hardly stopping for a moment. Since he made a fortune in the Hong Kong market by using the linkage effect, Julian Robertson's reputation in his team has greatly increased, and other funds following him have not hesitated to place big bets on the Korean won.

  Originally according to the agreed plan, Julian Robertson planned to start a high-intensity attack on the Korean won around mid-November, and the Korean won must be devalued within a week.

   Unlike Hong Kong, this time Julian Robertson and his henchmen are determined to bring down the won. Because Hong Kong has the third largest foreign exchange reserves in the world, and the fundamentals of Hong Kong's economy have not experienced any major problems, they can only talk about the Hong Kong dollar.

As for South Korea, due to the serious financial crisis in the business world and the impact of the depreciation of currencies in Southeast Asia on the export-oriented economy of South Korea, especially the electronics industry in South Korea, due to the devaluation of the currency announced by its direct competitor Yizhou some time ago, it is facing a serious crisis. export shock.

  In the past few months, scandals broke out one after another of large Korean companies. Among them, Hyundai Motor and other companies are not only the leaders in South Korea, but also the largest large conglomerates in East Asia. Given the circumstances, the market's pessimistic attitude towards South Korea is to be expected.

  For this reason, Tiger Fund and his followers did not hesitate to encourage rating agencies such as Standard & Poor's to lower the credit rating of the entire Korean company, just to wait for the moment when the entire market loses confidence in the Korean economy.

  Before the attack on Hong Kong, Tiger Fund researchers frequently entered South Korea several times to investigate its economic situation. The data obtained are very optimistic. Of course, this optimism is for the side that is shorting the Korean won. The position has also been established, and now it is preparing for the moment when the market's distrust of the Korean economy will reach its peak.

It can be said that after doing so much preparatory work, a guy (organization) who popped up on the road now got in his way and sold nearly 1 billion US dollars of Korean won inexplicably, which suddenly attracted the attention of the entire market. How can this make Julian Robertson not annoyed?

  In his office, Robert Satron, who is in charge of emerging markets, and Billy Kim, who was born in Korea, faced each other facing the wrath of the big boss, not even daring to take a breath.

   After cursing for a long time, Julian Robertson finally calmed down. He knew that such impulsiveness and verbal abuse had no effect, on the contrary, it would have a negative impact on investment decisions, because making decisions requires extreme calmness and rationality. It's just that he has laid out such a long-term game, and let others take the lead, which really makes him angry.

"Sir, should we do something to let them know that we are not softies." Seeing that the big boss finally calmed down, Robert Sitron quietly wiped the sweat from his forehead, and put on a face of gnashing his teeth. Appearance, said viciously.

  Julian Robertson was stunned, turned his head and looked straight at Robert Sitron, and asked in a deep voice, "They? Who are they? Do you know anything?"

When he said the first few words, Julian Robertson's face was quite normal, but then his face became abnormally livid, and in the end the head of the tiger was already flushed, with a ferocious face, and a vicious look , Even the blue veins on his forehead are protruding.

  Treachery is a serious crime, especially in the hedge fund industry, because when it happens, it means thousands of dollars in lost money. Although these employees signed non-disclosure agreements at the beginning of the door and also had a referral letter from a supervisor from a previous job, things like leaks still occur frequently in the hedge fund industry.

Seeing the big boss's appearance, Robert Satron didn't understand why. The big boss mistook him for an insider, and quickly said: "Sir, don't get too excited, calm down first, and listen to my analysis. Now Knowing that there are problems in the South Korean economy, there are not many institutions that can sell one billion U.S. dollars of Korean won at one time, and you can know the details of the other party with a little analysis."

   "Yes! Yes!" Billy King beside him quickly echoed. It stands to reason that Billy Kim, who was born in South Korea, is the first suspect. However, according to logical analysis, if Billy Kim wants to inform, the target should be the South Korean government, not another institution shorting the Korean won. Li Jin's suspicion was ruled out immediately.

After being reminded by two competent subordinates, Julian Robertson immediately calmed down, frowned and thought for a while, then shook his head, and kept saying, "Impossible! Impossible!" Obviously, he already had preliminary answer.

Seeing that Julian Robertson still hadn't made up his mind, Robert Cetron was a little anxious. He didn't want to be suspected of betrayal for no reason, so he added another firewood to make the fire even hotter. Remember our position closing on the last day in the Hong Kong stock index futures market? If someone hadn’t leaked the secret, we would not have used our reserve funds to suppress the Hong Kong stock market and closed our positions intensively at 9,000 points. Thinking about it now, maybe that person was talking to We're right."

  Recalling what happened before, Julian Robertson felt the anger in his heart rise again. He didn't intend to pursue this matter at first, and in fact he had no clue, but now it was brought up again by Robert Cetron. The two things together seemed to be a new hatred and an old hatred.

"This bitch, Jewish bastard, is so cunning. I swear in the name of God, I must let this guy get the lesson he deserves, **** it, **** it..." A series of vicious words flew out of this person like bullets. The hedge fund tycoon came out of his mouth, cursing the object of his curse from the top of the head to the soles of the feet, which also made the two subordinates next to him dumbfounded.

After scolding for five full minutes, Julian Robertson vented his anger. After calming down, he waved his hand and said calmly: "Okay, this matter is over, you guys do what you should do, I'll take care of this."

   It was the first time for Robert Sitron and Billy King to see such a behavior of the big boss. They didn't dare to say anything, and walked out obediently.

But as soon as he was out of Julian Robertson's sight, Billy King grabbed Robert Sitron, hid in an empty corner, and asked secretly: "Robert, does the boss really swallow?" Take this breath, don't you do something?"

Americans are born with a kind of aggressiveness, they call it tough, this kind of toughness is everywhere, even in elementary school students, and Hollywood movies, one of the symbols of American culture, are full of countless images of tough guys , expressing this characteristic to the fullest.

  Although he is of Korean descent, Billy King is already a banana man through and through, that is, his skin color is yellow, but his inner thoughts and spirit are those of the white American world. Regarding Julian Robertson's very different performance before and after, he naturally had doubts in his heart.

   "Wait!" Robert Sitron smacked his lips a few times, but finally couldn't hold it back, "I think, it won't be long before that one will definitely suffer a big loss."

From the beginning to the end, the few people in the conversation did not point out the identity of the biggest suspect, but they all knew each other well that to have such appeal and influence in the hedge fund world, it does not belong to Tiger Fund in terms of capital Yes, apart from Soros and his Quantum Fund, there is no second institution that meets similar conditions.

   Obviously, they attribute all the abnormal situation in the Korean won market to Quantum Fund.

   Thank you book friend Gambling Ghost, not me for voting for monthly support!

  (end of this chapter)