The Son of Finance of the Great Age

  Chapter 337 Earn $650 million in one hour

  Due to the erratic political situation in South Korea and the intervention of the Bank of Korea in the Korean won foreign exchange market, Tiger Fund does not have too many positions in the Korean won short market. Of course, this "too much" is relative to his fund management scale. In fact, in terms of shorting the Korean won, Tiger Fund established a short position of more than US$3 billion before the Korean won loosened its volatility.

On November 20, before the official news was announced, hedge funds and large financial institutions responsible for attacking Asian currencies received a private message that South Korea’s new economic cabinet quickly sought assistance from the United States, which is why Lim Changyeol dared to speak out One of the reasons for not accepting IMF assistance.

In 1994, Mexico suddenly had a currency crisis. The United States proudly sent more than 50 billion U.S. dollars in a short period of time. At the same time, it worked with the World Bank, the International Monetary Fund and other institutions to support Mexico’s fragile currency system, making the entire South American market There was no devastating blow.

  With this lesson learned, and South Korea is one of the important strategic partners of the United States in Asia, Lim Changyeol was full of confidence before negotiating with the United States, and even declared that South Korea does not need the help of the International Monetary Fund. We must know that the first reaction of most countries experiencing currency crises is to seek help from the IMF, which is also one of the purposes of the establishment of this organization. However, South Korea's approach of doing the opposite naturally aroused the attention of the entire market, and analysts had initial doubts about the capabilities of Lim Chang-yeol and his economic cabinet.

  Naturally, some people thought that the new South Korean economic cabinet might seek help from the United States. It must be known that the two sides have formed a close ally since the Korean War. As a **** to contain China and Russia, although the relationship between South Korea and the United States has been tortuous this year, they are still in an alliance overall.

   It was just that as soon as the news that South Korea might seek assistance from the United States came out, it was immediately scoffed at by many hedge fund managers. Others may not know it, but people such as Soros, Druckenmiller, Julian Robertson and others are very clear. Although they seem to have launched the currency crisis for good reasons, the South Korean economy has internal problems, but In fact, everyone mentioned above is very clear that this is an economic war launched at the behest of the U.S. Congress. This invisible war is far more cruel and terrible than the visible war. The country's market is more open and its income and expenditure are more balanced.

  These are only what hedge fund managers can see and understand superficially. As for the deep level, they dare not think about it, nor are they willing to think about it. They only know that during this period of time, US officials have been in frequent contact with regimes in Southeast Asia, but they don't know what the discussions are about.

   Now that South Korea is in contact with the United States, they are very clear about the actions of the South Korean government, because their big backer is the current U.S. government. Naturally, to their surprise, the U.S. government also categorically rejected South Korea's request for assistance.

  The "Washington Post" on this day quoted news from the White House. During private discussions, the South Korean government expressed the hope that Washington could provide help to Seoul, but the United States has clearly rejected this proposal. Deputy Treasury Secretary Summers said that providing financial support to countries in trouble can only be carried out by the International Monetary Fund.

  South Korea is naturally very disappointed, and the last hole card of the New Korea Party has also lost its effect. The response of the United States naturally met the expectations of hedge funds, so there was a spectacular scene where the Korean won plummeted by 10% in just one hour during Asian trading hours.

  …

   "Haha..." When the exchange rate of the South Korean won was nailed to the limit, the entire Tianyu Fund erupted into cheers, and the sound was so high that it almost toppled the ceiling.

  During this period of time, most of the researchers focused on the Korean market, and various news came from the front one after another. Although in the memory of the previous life, the depreciation of the Korean won became inevitable, Zhong Shi still dare not be careless. After all, since his rebirth, he has changed the partial trend of this currency crisis, and now he relies more on various news Analysis and judgment, rather than simple repetition and memory.

  At this time, Zhong Shi was also among the cheering crowd, shouting loudly with everyone to vent his sulking. During this period of time, everyone was really worried and had trouble sleeping and eating. It wasn't until this moment that they completely let go of the burden in their hearts.

  Looking at the cheering crowd, Andrew, who had just entered the door, was dumbfounded. Finally, he squeezed through the crowd and got in front of Zhongshi. Andrew asked blankly, "What's going on here? What happened?"

  Zhong Shi watched his lips move for a long time, but he didn't hear a word, so he couldn't help shaking his head, pointed to his ear, and said loudly, "What are you talking about? I can't hear you, so speak up!"

  Andreu sighed, and looked helplessly at the cheering crowd around him, so he leaned close to Zhong Shi's ear and shouted loudly: "What happened? Why is everyone so happy?"

   "..." Zhong Shi heard clearly this time, but he gave Andrew a strange look, then climbed onto a desk with hands and feet, and waved at the people below. Soon the audience fell silent, and dozens of eyes were fixed on Zhongshi. He took a deep breath, pointed to the bewildered Andrew below, and said, "Gentlemen, this gentleman asked you what happened. What happened, can you tell him?"

  Suddenly, there was a wave of good-natured laughter around Andrew, and everyone said something to Andrew with a smile on their faces. Dozens of voices were mixed together, making it impossible for Andrew to hear what they were saying. Seeing that Andrew's expression was even more confused, the others laughed even harder.

Half a day later, Andrew still didn't understand what was going on, so he simply climbed up to a desk like Zhong Shi, waved his hand down, and made a gesture of shutting up. , he pointed to Ren Ruowei in the crowd, and asked loudly, "Jimmy, come and tell me what happened?"

"Me?" Ren Ruowei pointed to his nose and asked Andrew. After getting a definite answer, he said in a deep voice with a smile on his face, "Gentlemen, in the past hour, we have earned at least $650 million. Yes, $650 million!"

   After he finished speaking, he swung his arm suddenly towards the sky, and almost everyone shouted again, and the scene became noisy again.

   Andrew was dumbfounded, unable to speak for a long while.

  Before Andrew had personally participated in several attacks on the currency crisis, including the Mexican financial crisis. It’s just that during that financial crisis, Zhong Shi and he had never performed like this. In the past hour, they made 650 million US dollars, which was almost half of their total profits during the Mexican financial crisis. How could this not shock him?

   After trembling his lips for a long time, Andrew jumped off his desk, walked tremblingly in front of Zhongshi, and asked in a low voice, "What's going on here? Why do I feel unreal?"

Seeing Andrew's reaction, Zhong Shi was also secretly amused. To be honest, he also felt a little unbelievable about today's market. He didn't expect the Korean won to be so fragile, and it plummeted by 10% in just one hour. Most of the buyers are beating their chests and feet, regretting it in a mess!

   Seeing that the two of them had something to say, the other people who were celebrating wisely avoided the two of them. Anyway, the Korean won foreign exchange market had already fallen to the limit, and there was a lot of time for them to have fun.

"It's like this." After the surrounding finally quieted down for a while, Zhong Shi said in a low voice, "Before we led the way and sold a total of 5 billion US dollars of Korean won spot, and then we continued to sell among the 1,000 positions. About US$1.5 billion of Korean won spot was sold on the website, and the current position is about US$6.5 billion. As soon as the market opened this morning, the Korean won began to fall sharply, falling to 10% of the limit within an hour. It is beyond imagination to make so much profit in an hour."

Zhong Shi rubbed his hands excitedly, his face flushed slightly, and his eyes showed undisguised excitement. Obviously, he was also satisfied with the harvest this time, even though he knew very well in his heart that this was far from the result of the fall of the Korean won. the end.

After hearing such an explanation, Andrew finally understood it. After being dazed for a while, he took a deep breath and said grinningly: "My dear, it's incredible. It's unimaginable that the Korean currency is so fragile! That kid... "

Having said that, he looked around to make sure that no one else could hear him, and then he continued: "That kid Li Zehai missed a great opportunity to make money for nothing, I'm afraid he even regrets it now right?"

"Really?" Zhong Shi snorted coldly with disdain, with a disapproving expression on his face, "That kid has a lot of tricks, don't let him deceive you. Just wait, this kid will do something earth-shattering sooner or later It's a big deal, and I'm afraid even his old man can't compare with it!"

"Really?" Andrew was taken aback again, and this time he had to react for five minutes, then shook his head helplessly, and sighed, "It's better to have a rich old Dou, whoever makes any disaster happen able to carry it."

  Of course Zhong Shi disagreed, but he didn’t refute it aloud. Sometimes family background is an advantage, but sometimes family background is an unavoidable obstacle. It depends on what other people think about it. A self-made man like him doesn't take these things seriously anymore, after all, he is already richer than most people in this world.

The two talked for a long time, Zhong Shi gradually became impatient, and said unceremoniously to Andrew: "You guy, you can't see anyone for a long time, why are you so good today, but why did you come here during the trading hours?" ? Those guys want you to inquire about the news and ask about the closing time?"

Andrew is the link between Zhongshi and some consortiums in Hong Kong. This time shorting the won, the Hong Kong consortium also sold a large amount of funds. The Hong Kong consortium, which has become accustomed to taking Tianyu Fund as the leader, will naturally do everything possible to inquire about the news here, and Andrew has become a pawn.

"Oh?" Andrew looked up at Zhong Shi in a daze. After a long time, he suddenly shivered. You can talk about it when you are free, it seems to be related to the financial industry. You also know that his identity is relatively sensitive and it is not suitable to go out..."

Before Zhong Shi went to the United States to study, he properly arranged for Land Rover. Since he only knew how to fight and kill, he was a rough man, so Zhong Shi fully funded and opened a security company for him. A security company of this nature is plain It is similar to a security company that provides private bodyguards. In terms of operation, a professional management team is hired, so Land Rover doesn't need to worry too much.

  Although in Hong Kong movies, there are scenes of gangs fighting and killing everywhere, but in fact Hong Kong is one of the most law and order areas in Southeast Asia. Although the police system is very hardworking, due to the large number of rich people in Hong Kong, Land Rover's security company is doing very well, and with almost endless financial support, Land Rover's security company has recruited many masters. It has become one of the most famous security companies in Hong Kong since 2010.

Originally, this security company was involved in some gray areas, but since 1997, Land Rover has consciously reduced its activities in this area. Now, at least on the bright side, it is an upright security company, mainly providing escorts for banks. money, provide personal bodyguards for the rich, and provide private detectives for ordinary citizens.

   On the surface, Land Rover is already a successful businessman, wandering in the upper class every day, meeting with high-level police officers from time to time, negotiating business with wealthy businessmen, etc. But in fact, few people know that he is still a "horse boy" beside Zhong Shi.

  As soon as he heard that the financial aspect was involved, Zhong Shi fell silent, frowned and thought for a while, then nodded and said, "Okay!"

  …

   Time went back to a day ago, when South Korea failed to seek US aid, Tiger Fund was also boiling, and they couldn't wait to sell large sums of money in the Korean won market. But it is obvious that they are not the only ones who know the news. There are also several large-scale sellers in the Korean won market, and the Korean won is quickly smashed to the limit position.

  For Tiger Fund, on this day alone, they also made a profit of more than 300 million U.S. dollars, which made the fund responsible for the Korean won attack cheer and excited.

   Right behind the excitement, in Julian Robertson's office on the top floor, "Tiger" was talking on the phone with Hong Kong, and he asked in a low voice, "Is the other party reliable?"

   "..."

   "Money is not a problem. I believe no one will refuse $1 million. And it's just to install a small program on his computer."

   "..."

   "Okay, fly to Japan immediately after finishing this matter, and don't show up in Hong Kong within a year!"

   Thanks to the book friend Hmily Venture Capital for the monthly ticket support! Thanks to the book friend, I voted for the evaluation vote!

  (end of this chapter)