"It won't be too much. Chubby Face explained.

"For one, different universities have different funding sizes, like Harvard University

Ivy League universities like MIT, the scale of the sponsorship fund is very large, each of which has a scale of tens or tens of billions. ”

"But the scale of the sponsorship fund of the average university is very small, and it would be good to exceed 100 million. ”

"Second, these university-sponsored funds are accustomed to conservative financial management, and most of them invest their funds in treasury bonds or local ** bonds with the highest credit ratings, and they are afraid of the investment risks of hedge funds. ”

"So even if those funds promise to invest in hedge funds, it's only a portion of their total fund, not all of them. ”

"Oh, I see. Qiao Tianyu nodded.

"So how much investment do you estimate to be provided by university funds like those on the list?"

"I estimate that it would be good to give an average of one or two hundred million per family. Chubby replied.

Almost.

Chubby Face didn't lie about it.

Qiao Tianyu asked Liu Kai a few days ago, and the answer was similar.

"Okay. Qiao Tianyu nodded seriously and said.

"Ke Ying, let me emphasize your task to you again, you still have one day, and before tomorrow evening, you must finish all the remaining twelve universities on the list!"

"Master, run twelve universities a day?" the little chubby face was taken aback.

"It's too anxious, it's just a quick walk, and there is no success rate at all!"

"I think it's better for us to take our time one by one, and if we find one, we will focus on one, and if we succeed, it's better than just looking at it, right?"

"Success rate?" Qiao Tianyu raised the corners of his mouth, and a strange expression appeared on his face.

"Ke Ying, let me ask you, starting with Liu Kai, you have also run a lot of colleges in so many days, have you succeeded in your family?"

"This ......"

The little chubby face was so embarrassed by Qiao Tianyu that his face turned red, and he lowered his head embarrassedly.

"Okay, Ke Ying, you just listen to me, I will finish all the colleges by tomorrow evening, I have my own arrangements!"

Qiao Tianyu felt that what he had just said was a bit excessive, and patted the shoulder of the little chubby face and comforted her.

"Well, I'll listen to you. The little chubby face didn't dare to say more, and quickly nodded in agreement.

After sending away the little chubby face, Qiao Tianyu did not hesitate, took out a pen and paper and calculated.

Based on the investment amount of $150 million in one university fund, the total investment amount of the 31 university funds should be $4.65 billion.

According to the data of Lehman's "Eagle Eye" tracking system, the four ace traders of the opponent have previously received $3.15 billion in investment.

In this way, the funds in the hands of the four ace traders of the opponent are already as high as $7.8 billion, and the investment of university funds accounts for three-fifths.

Not bad, yes, when the little chubby face finishes the twelve universities tomorrow, it will be time for Qiao Tianyu to exert his strength.

The situation has been running according to the preset track before, Qiao Tianyu is happy to be idle, and his next task is to rest and recharge for the imminent battle.

The next day, Qiao Tianyu also had good news.

First of all, in the evening, the news of the victory came from the little chubby face, and the remaining twelve university funds were all gone.

Unsurprisingly, the twelve university funds called one after another and refused to invest in the Zero Point Fund.

At nine o'clock in the evening, Li Jiaxing also brought exciting news.

He successfully cracked the arbitrage data model of the guide fund Stephen Green, and determined that the arbitrage data model of AXA Capital Nehru Sikh was the one that was cracked three years ago.

As a result, the two ace traders, Stephen Green and Nehru Sikh, became transparent people in front of Qiao Tianyu.

At this moment, Qiao Tianyu was keenly aware that the moment to launch a counterattack was finally coming!

It's time to make final preparations for the decisive battle......

For the next three hours, Qiao Tianyu and Li Jiaxing locked themselves in the room.

They studied the arbitrage data model of Stephen Green and Heru Sikh for half a day.

Although the two models were developed by different universities and schools, Harvard's model was built on the basis of the University of Pennsylvania's model.

Therefore, the two models are surprisingly consistent in determining the final variable of shorting the company's stock--- current debt-to-asset ratio.

The current debt-to-asset ratio, also known as the current ratio, is the most commonly used indicator to measure the short-term solvency of a company.

It is calculated as follows: current ratio = current assets / current liabilities.

That is, a company uses liquid assets with strong liquidity to repay the short-term debts of the enterprise.

In general, the minimum current ratio is generally considered to be 2, and the two models set the current ratio threshold at 2.5.

If a company's current ratio is less than or equal to 2.5, the arbitrage model starts to alert.

As the current ratio continues to decrease, the arbitrage model will recommend borrowing the company's shares to prepare for shorting.

When the current ratio is less than 2, the arbitrage model will suggest waging a short war on the company's stock.

In that case, let's make a fuss about Merck Group's current ratio!

Qiao Tianyu quickly had an idea, he took out his mobile phone and dialed Mr. Anji's number.

"Mr. Angie, let's go to New York together early tomorrow morning!"

"To New York?" Mr. Angie was taken aback.

"Brother Qiao, haven't I already transferred all the shares of the group to you? ”

"But your brother is still the chairman of the board of directors of Merck Group after all!" Qiao Tianyu said seriously.

"Don't worry, before the evening of the day after tomorrow, all battles will be over!"

After calling Mr. Anji, Qiao Tianyu called Rubin again and agreed to meet tomorrow.

Early the next morning, Qiao Tianyu, Li Jiaxing, Mr. Anji, and the three of them embarked on a flight back to New York.

Back in New York, Qiao Tianyu immediately took Mr. Angie to Morgan Stanley and found Rubin.

"It's you?!"

"It's you?!"

As soon as the two "enemies" of Anji and Rubin met, they immediately exploded like two aggressive roosters.

Seeing that the two were about to fight together in the next second, Qiao Tianyu was so frightened that he hurriedly pulled them away.

"Two!

Qiao Tianyu hurriedly became a peacemaker, pulling the two of them while persuading.

"We have a grudge and a grudge, wait until the day after tomorrow to report, now the top priority is to unite as one and survive the current predicament, OK?"

"Give me two days, just two days! After two days, you can fight as much as you want, and I won't say a word more, okay?"

"Hmph!" Mr. Angie glared at Rubin, "If it weren't for you, Merck would not be in trouble, you wait for me!"

"You bastard!" Rubin didn't show weakness, "If it weren't for you, Hanfei's family would also be defeated and died, and you would have waited for me!"