"Prince Saltu, you are an old-timer in the financial world, you should know the truth of 'financial market, capital is king', right?" Qiao Tianyu asked rhetorically.

"Of course, you still have to say that?!" said Prince Saltu angrily.

"Yes, you naturally understand the truth that money is king, so you firmly believe that with the support of LTCM and the Saudi sovereign wealth fund, I can't win the battle of shorting the international crude oil market, right?" Qiao Tianyu sneered.

"That's natural!" LTCM's investment funds are as high as hundreds of billions of dollars, and the Saudi sovereign wealth fund is sitting on $500 billion in funds, if the Zero Fund dares to short the international crude oil market, we will let you have no return!" Prince Saltu said confidently.

"But what if LTCM and the Saudi sovereign wealth fund run out of money, can you still stop me from shorting the international crude oil market at that time?" Qiao Tianyu asked rhetorically.

"No money to use?" Prince Saltu sneered disapprehantly, "How can there be no money available? We have a total of $600 billion in investment funds with LTCM, can you still swallow up so much money?"

"Of course it can't be!" Qiao Tianyu shook his head with a smile, "You are right, so much money, I Qiao Tianyu naturally can't eat it, and my appetite is indeed not that big, but I have to correct your mistake." ”

"The $500 billion of the Saudi sovereign wealth fund and the $100 billion of the LTCM are only the total assets of the two of you, not the sum of the investment funds, the so-called investment funds refer to the cash that exists in the currency situation or short-term securities that can be quickly realized!"

"A considerable part of the Saudi sovereign wealth fund exists in the form of medium and long-term bonds or stocks from all over the world, and cannot be quickly realized and put into the market in the short term, so the investment capital of the Saudi sovereign wealth fund is only 200 billion US dollars, not 500 billion US dollars!"

"By the same token, LTCM's investment capital is only $30 billion, not the legendary $100 billion!"

"Qiao Tianyu, according to what you said, the investment funds of our two families are also 230 billion US dollars, isn't it enough to deal with the billions of dollars of investment funds in your zero point fund?" Prince Saltu said tirelessly.

"Hahaha, but what if all the $230 billion of the two of you are frozen?" Qiao Tianyu asked rhetorically.

"Frozen? what do you mean?" Prince Saltu didn't turn a corner for a while, and he didn't know what it meant, but Andrei on the side suddenly realized, "Boss! I understand! I understand!"

"Oh, Andre understands, so let's hear it?" Qiao Tianyu said with a smile.

"Boss, you're a thief!" Andre said with a smile, "Just now you made good use of LTCM's enthusiasm for building a risk-free arbitrage portfolio and froze LTCM's huge investment fund with a small amount of money!"

"Because LTCM pays great attention to risk position management, and pays attention to the establishment of a risk-free arbitrage portfolio, that is, after they buy one security and expose a long risk position, they will inevitably hold a short position in another security to hedge the risk position exposed by the former, so LTCM's investment is a one-to-one pair. ”

"However, the sensitivity of different securities to market risk is certainly not consistent, so there must be one more and one less of the two securities that are paired, and you are taking advantage of that, boss. ”

"If I'm not mistaken, Boss, you should have all of LTCM's paired portfolios, and you pick two of them with the most different numbers of securities to start with. ”

"You use the investment fund of the Zero Fund to attack a small number of securities in the paired portfolio, and LTCM will have to adjust its holdings in the other security accordingly in order to hedge the exposed risk position. ”

"The other security is slightly less sensitive to market risk, so the amount that needs to be adjusted is much more than the previous one!"

"To put it simply, if you use 1 yuan to attack a security, LTCM will spend 10 yuan or even 20 yuan to adjust another security in order to achieve the purpose of risk hedging!"

"So boss, you took advantage of this feature of LTCM to freeze LTCM's huge investment funds with a small amount of money, am I right?"

"Hahaha, the children can be taught! The children can be taught!" Qiao Tianyu patted Andre's shoulder with great satisfaction, he didn't expect him to be on the road so soon!

"How is it?Prince Saltu, do you understand?" Qiao Tianyu asked with a smile.

"Qiao Tianyu, you ...... You ...... "Prince Saltu then fully understood.

It turned out that today, under the guise of fighting against LTCM, Qiao Tianyu actually froze all the $200 billion investment funds transferred by Prince Saltu to LTCM!

He, Prince Saltu, is Qiao Tianyu's real target today!

"Come, come, pull them out, shoot them all, shoot them all!"

Annoyed and angry, Prince Saltu ran to open the office door, let all his personal guards in, and roared and broke Qiao Tianyu and Andre into pieces.

"Hahaha......" However, after being captured, Qiao Tianyu's face did not change, his heart did not beat, and he still looked up and laughed.

"Prince Saltu, even if you kill me today, you can't stop the Zero Point Fund from shorting the international crude oil market tomorrow!"

"At that time, the Saudi sovereign wealth fund you are in charge will not be able to come up with a penny to save the market, and the Saudi economy will be in danger of collapse!

"Do you think these two charges are on your head, enough to convict you of treason, enough to make you eat guns? Hahaha......"

"Crazy, you big madman!" Prince Saltu was so angry that his teeth were itching, but there was nothing he could do about Qiao Tianyu.

Qiao Tianyu is right, now can stop the zero point fund from shorting the international crude oil market tomorrow, only Qiao Tianyu himself, once Qiao Tianyu has any mistakes, then he Prince Saltu will be the first to bury Qiao Tianyu!

After being so angry that he went crazy, Prince Saltu finally returned to normal, and now he can only smash his teeth and swallow it in his stomach!

After retiring from all the pro-soldier guards, Prince Saltu accompanied him with a smiling face, treated Qiao Tianyu as a guest, not only gave Qiao Tianyu the most distinguished seat, but also personally warmed a cup of camel milk coffee for Qiao Tianyu.

"Brother Qiao, please advise, what do you want me to do to let me go?" Prince Saltu asked with a smile on his face.

"Prince Saltu, my brother has to do this today, and I will ask you again after this matter has passed. After a polite exchange, Qiao Tianyu stepped into the topic, "Prince Saltu, can you do my brother a favor?"

"No problem, no problem! Please!" Prince Saltu did not dare to slack off, and quickly asked......