The Son of Finance of the Great Age

  Chapter 342 Selling out first

  The email was quickly delivered to Julian Robertson's desktop, and only "Tiger" knew the content. In fact, Julian Robertson was manipulating the whole thing, and other people in Tiger Fund didn't know it at all.

   "Son of a bitch, if I hadn't read this email, I would almost have been fooled by them again!"

Julian Robertson, who came to work in his iconic extended Lincoln, was in a good mood. The weather in Manhattan was good that day. The old "Tiger", who was over sixty years old, was still full of energy, and even in some respects he was not inferior to young people. Looking at On the crowded streets of New York, Julian Robertson, who was extremely happy, even hummed the school song of the University of North Carolina.

University is the hometown in the minds of Americans. Since the United States is a country on wheels, frequent moving has become commonplace. Usually, ordinary middle-class families will move to another place after living in one place for a few years. This kind of mobility It caused Americans to have no concept of hometown, and the university made up for this shortcoming, where they studied, grew up, fell in love, and some eventually became a family. In addition, there are many elements deliberately designed to be similar to "home" to attract many students. After four years of subtle influence in this environment, most Americans regard university as their destination .

  So even Julian Robertson, who has reached his sixtieth year, still prefers the school song of the University of North Carolina. Humming this song seems to remind him of his youth and the child who came out of the southern United States.

   "One day I will go back to school and donate a sum of money. Um... last time it was the business school, this time..." Julian Robertson's thoughts turned quickly, thinking of donation while thinking of his alma mater, he lowered his head and meditated. It's no wonder that after making a fortune in the Hong Kong capital market, he quickly made a fortune in the Korean won market. As the saying goes, "wealth does not return to the hometown, it is like walking in brocade clothes at night", even in Julian Robertson's level is not exempt.

It's just that this kind of good mood and thinking about the donation object quickly disappeared without a trace, replaced by a rare rage. When Julian Robertson habitually turned on the computer and checked his email, he found that Rodney Jones After this report on the Indonesian market, he immediately became furious and cursed regardless of his image.

Out of sympathy, Julian Robertson maintained a good personal relationship with Soros, Druckenmiller and others. The attack on currencies such as the Spanish peso later also joined forces to make waves in the LME copper market, and also participated in the attack on the Thai baht a few months ago. But these are just appearances. Once their own profits are threatened, the speed of the two sides turning their faces is definitely faster than turning over the book.

   This is the situation now. Although it has not deteriorated to the point of turning his face, Julian Robertson has secretly kept a hand.

Julian Robertson had been secretly harboring a grudge against Soros and others because he had always suspected that Quantum Fund and its fans were sabotaging their currency attack plan. Now that he had received such important news, he did not share it with his allies, which made Julian Robertson was furious.

   It should be explained that while doing long Indonesian rupiah, Druckenmiller and others also encouraged Julian Robertson and others to do long Indonesian rupiah. The reason is quite good, that is, the IMF will launch a huge rescue plan for Indonesia. After getting the news, Julian Robertson analyzed with insiders for a long time, and finally came to an operable conclusion, and then bought about 500 million U.S. dollars worth of Indonesian rupiah.

   Gritting his teeth in resentment for a long time, Julian Robertson calmed down. A pair of green eyes rolled around, and soon several schemes came to mind.

"Boss, where did you get the news? I've also heard the news that President Suharto is seriously ill. It's just that he made a public appearance yesterday, breaking the rumors that were spreading. I believe that the Indonesian rupiah will rise again in the near future." Soon, Robert Satron, who is in charge of the Asian market, wrinkled his old face, and poured out his bitterness to Julian Robertson, who had a cloudy complexion.

Although he is in charge of the Asian market, during this period Tiger Fund's offensive focus is on the South Korean market, so Robert Cetron frequently flies to Seoul, naturally ignoring the performance of currencies in other markets, let alone Tiger Fund's share in other markets Not a lot, so he didn't take it too seriously.

   After seeing the two pieces of secret information about the Indonesian market provided by Julian Robertson, he immediately lost his composure. You must know that even the meat of mosquito legs is still meat. This matter can be big or small. If it is too big, it may cause the client to doubt the research and judgment ability of Tiger Fund. If it is too small, it is his personal dereliction of duty.

Seeing the sweaty Robert Sitron, Julian Robertson nodded noncommittally. He knew very well in his heart that it was difficult for outsiders to know this kind of information in the first place, except for high-ranking insiders. Therefore, even The responsibility can't be held on Robert Sitron's head. Let him come over this time, besides beating him, there is another important purpose.

"Okay, don't talk about these meaningless things. Now I give you a task. In addition to shorting our rupiah positions as soon as possible, it is very important to let our allies sell rupiah as soon as possible, understand? Julian Robertson said after seeing Robert Sitron standing drenched in sweat for ten minutes.

  Robert Citron is a smart man, and immediately followed Julian Robertson's words: "Who are our allies?"

"Of course it's the small hedge funds that follow us! Would I be so kind to remind those peers who are about the same size as us?" Julian Robertson nodded secretly in his heart, but he threw a big blow to Robert Citron on the outside. Rolling his eyes, he continued angrily, "Remember, when we are almost sold out, we will announce this news. Remember to be quick."

  Although he didn't understand what was going on, Robert Sitron was very knowledgeable, so he didn't continue to ask, and quickly turned and left.

"For God's sake, I will make you suffer this time, and let you know that I am not easy to mess with!" After Robert Citron left, Julian Robertson secretly clenched his fists, his face pale. Tieqing said, almost gnashing his teeth.

  …

   "Ms. Zeng, you don't think about it anymore?" To Zhong Shi's surprise, Zeng Yuanshuang, the financial manager of Standard Chartered Bank, politely rejected his request to borrow Indonesian rupiah.

If it is said that it originated in Asia, the most influential banks in Southeast Asia, as old British banks, HSBC and Standard Chartered are definitely in the top few. Although Japanese banks have risen one after another in recent years, HSBC, Standard Chartered, Hang Seng and other banks in the local position is still unbreakable.

"I'm really sorry, Zhong Sheng." After giving Zhong Shi a helpless expression, Zeng Yuanshuang continued, "Due to the control of the Indonesian government, we don't have too many Indonesian rupiah positions. There’s been a run on banks in rupiah banking, especially foreign banks like ours, so there’s really nothing you can do about it.”

  Knowing that the young man in front of him was no small matter, Zeng Yuanshuang repeatedly emphasized that it was not that they were unwilling, but that they really didn't have the ability.

Zhong Shi couldn't help frowning deeply, and after thinking for a long time, he said: "If this is the case, then HSBC is probably in the same situation. It is unexpected that the current circulation of Indonesian rupiah is so serious. It just makes people feel Surprise!"

   Zhong Shi visited Zeng Yuanshuang this time, and it didn’t take long to exchange pleasantries and proposed to borrow 4 trillion Indonesian rupiah, which almost frightened Zeng Yuanshuang. Although it is only more than 1 billion US dollars, how can Standard Chartered get it at this time?

Since there was no share of 1 billion US dollars, Zhong Shi lowered the standard again and changed it to a loan of 500 million US dollars. As a result, Zeng Yuanshuang still refused, and Zhong Shi, who was not reconciled, lowered it to 300 million US dollars, but was still rejected. Not being kind, Zeng Yuanshuang didn't dare to offend this big client, so she could only tell the whole truth.

After pretending to sigh for a while, Zhong Shi and Ma Jiarui offered to leave, but as soon as they reached the door, Zhong Shi stopped again, looked at Zeng Yuanshuang meaningfully, and said casually: "Zeng Yuanshuang Ma'am, if I guess correctly, the liquidity of the Indonesian rupiah will recover soon in the past two days, I hope you don't miss it." After finishing speaking, she walked away without waiting for Zeng Yuanshuang's reaction.

   Zhong Shi, who could not borrow money, had no choice but to let Ma Jiarui keep an eye on the Indonesian rupiah market.

On December 3rd, starting from the European trading the night before, there was a large number of Indonesian rupiah selling orders in the market. How much will the price of Indonesian rupiah be knocked down.

However, during the Asian trading hours, due to the participation of many banks in Indonesia, as well as the participation of banks such as Japan and Singapore, the trading of the Indonesian rupiah has become more active. However, the selling pressure in the European and American hours at night still exists, and it has been transferred to the Asian market. Unprecedented selling activity also made Asian banks cautious about trading the rupiah. In this way, the two sides spent a day of trading in the middle of bargaining. In the end, the Indonesian rupiah fell by 2.8% again, closing at the level of 3935 Indonesian rupiah to 1 US dollar. new high. Although South Korea and the IMF reached a monetary rescue agreement on this day, it is clear that it did not help the Indonesian currency market much.

   After the market closed, there was a news circulating in the market that Singapore, Indonesia, and Japan would suspend support for the Indonesian rupiah. At this time, the people participating in the market suddenly realized that the deep-seated reason for today's decline was actually here. It's just that they reacted too late. The long side who didn't get the news regretted buying the expensive Indonesian rupiah, and the short side hated that they didn't build a little more positions. However, both sides were resentful towards this big speculator who took advantage of the inside information. .

   After the transaction was completed, Rodney Jones' research report on the Indonesian rupiah arrived in Soros' mailbox belatedly. Julian Robertson is quite kind, and he knows how to put things back in place after using them. He has sold most of his shares, and although the loss is a bit heavy, fortunately, there are other markets that can make up.

After seeing this letter, Soros almost didn't vomit blood. On this day, his position lost 56 million US dollars. Although the amount is not very large, if this email can arrive earlier, maybe You won't lose so much.

   He wanted to question Rodney Jones, but Soros held the microphone for a while and put it back heavily. The temporary loss is not important, and there is no need to chill the hearts of his subordinates, because in this email, Rodney Jones also revealed a news that in a week, the Indonesian government will send high-level officials to the New York, explaining their policies to investors.

"Let's make a decision at that time!" After discussing face-to-face, Soros, Druckenmiller and others missed a good opportunity to sell out their positions in Indonesian rupiah, which made their losses gradually expand until they were out of control .

   Thanks to book friends Boring Monkey and Mouse Fei for voting for monthly support!

  (end of this chapter)