Chapter 381: Hedging Those Things (1)
Problems within the company, no one except hedge funds suffered, so this kind of thing is not involved in the Securities and Exchange Commission, and there have been many examples in history where trader mistakes have led to this agency to investigate.
Before Tom could come in, Mr. Wu Di came quickly.
This rare Chinese executive in the American financial circle, since leaving Citibank to jump here, has taken over some affairs from Ye Dongqing, has rich management experience, and has past achievements there, it seems that he is doing a good job, at least better than Ye Dongqing imagined, he has not come to the company recently, but he can also know that this kind of transaction is still carried out normally, and he has made a little money from the offshore transaction of RMB, and successfully made up for some losses.
Hedge funds are more challenging for Ye Dongqing, he can predict long-term fluctuations, but it is difficult to avoid the pitfalls in front of him.
At the end of last year, the renminbi experienced a round of exchange rate rises, the kind of relatively large range, when he entered the market with a relatively large hand, just happened to encounter a policy bearish period, before and after the loss of more than 200 million US dollars, and later made up for the rise, successfully controlled the loss at about 120 million US dollars, if there is no hedging, the loss will be even greater.
Until now, the company is still in a profitable state, with a total gross profit of more than 900 million US dollars for more than a quarter, mainly due to Google's sharp rise in the second half of last year and the beginning of this year.
"It just in time, I had someone make a pot of ice brew for me, and recently I'd be at home watching the ice water melt and drop on top of the Mandheling coffee bean powder, and it would take hours to harvest a cup of coffee, and the ice brew tasted good, but it wasn't as attractive as the ice drops. ”
Ye Dongqing helped pour a cup when he spoke, and added after remembering something: "Remember to help me see more Qualcomm in the near future, their executives are quite interested in iTouch, and it is estimated that they will OEM the production of chips for this product, and it is likely to detonate a wave of market conditions in the next year or two. ”
Apple's iTouch has been released, and the news has already spread, if you invest in Apple before that, it will most likely be identified as insider trading, but now it is not a big problem, and it can be explained that it is simply optimistic about this market.
Still groping for mutual cooperation, far from the tacit understanding between Mr. McCord and Ye Dongqing, Wu Di said thank you politely, and replied: "You mentioned to me before, Qualcomm I also pay attention, their technology is really good, and the revenue is also within a reasonable range, I will let people pay attention to follow up."
Recently, I got to know other hedge fund companies more deeply, and asked a few former friends to play together, and I found that many bosses are wandering in the gray area, and if they show their handles, they may be caught, or they may never be caught, and the prosecutor of the Eastern District is an old friend of the Brotherhood, and he asked me to tell you that there is no need to learn from others, and the money is already too much to spend. ”
叶冬青笑了笑,嘴里说着:“伯纳德·麦道夫以前缺钱吗?有个两三亿美元财富,再加上又一大把年纪了,按道理看来是不缺的,但他还是铤而走险了,你那位朋友没说到点子上,钱只是一方面,更重要的是成就感,我的这帮同行们可都是赌徒,成就越高越迷恋这行,轻易可不会退出去,游走在灰色地带也能让他们感觉到刺激。
Don't worry about me, I'm not like them, a serious businessman, and I don't like the feeling of being watched by the prosecutor all the time. ”
It's true.
I used to be afraid for so long, but now I finally got out completely, and there is no reason to go back to rolling in the quagmire, compared with Freshwater Investment Group, hedge funds are just an innocuous small industry, time is so valuable, why should I put myself in it.
After leaving Citibank, Mr. Wu Di was very satisfied with all aspects, and the most worried thing was that Ye Dongqing was hiding from himself and learning from others to play insider trading, and he was a little relieved when he heard this, and then he said: "How about the crude oil market, you have been paying attention to it recently, and several traders below proposed to me that they are bearish, and there is still a lot of money lying on the company's books and there is no place to go, so there should be no problem if it is safe." ”
听见这句话后,叶冬青打开终端机查看实时油价数据以及近期走势,这季度以来已经有两次小高峰,然后又迅速回落,总体呈现出上扬趋势,目前WTI价为四十七美元六十二美分,算是一个小高位。
It's early 2005.
If the trend is the same as in the previous life, the next oil price will remain high until it rushes to the desperate horror number, after a short judgment, he also tends to be safe: "Hedge, at present, conservative bullish, if it falls, it will have already fallen, the recent trend is very strange, wait until I study the current situation and then increase investment, don't ......be too violent for the time being."
Compared to these things, Tom's side is a small thing.
After talking about the rest first, Ye Dongqing brought the topic to today's accident, and asked Wu Di to use the topic to play, and manage it more strictly in the future.
Unlike Silicon Valley, programmers need a relaxed environment to be inspired, but the hedge fund industry is better off with a high-pressure management model, and if you relax it, these traders will go to the top.
Office door.
Tom, the trader, walked in with a dead face at the moment, standing there with his head bowed, an elite in the eyes of others, completely devoid of energy at the moment, waiting for a baptism of storm.
Ye Dongqing said directly to him: "Do a drug test, talk to a psychiatrist for ten hours within a month, and accept the questioning of the management committee, if there is no problem, I can keep you, but after all, you make investors lose so many profits, my punishment is three years without bonuses, all transactions within half a year must be reviewed and approved by Wu, and equipped with an intern assistant."
If you make more than $100 million in profits in three years, you can get dividends as usual, I am very disappointed to make such a low-level mistake, and you can choose to resign if you are not satisfied, but I think you are not such a coward, you can do much more than what you are now, take a month off before you come, start the holiday today, and there will be no salary during the period. ”
Mr. Wu Di looked at him and asked in Chinese, "Not expelled?"
"Forget it, I fired him, and it is estimated that it will be difficult to find a job in New York in the future, so I will only be merciful this time, and I will not make an example. ”
Ye Dongqing replied with a Chinese......
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