Chapter 482: New Investment Directions

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"Boss, such a big deal. Why can't I hear a little wind now?" asked John Luthmi.

"Now that the two sides have just started to make contact, it is natural that there will be no movement outside. However, you don't have to doubt the truth of this news. After all, I'm not joking with my own funds. After a pause, "Now you should understand what I'm going to ask you to do, right?"

"Margin trading, long Seymour and First Bank of Chicago!" Qin Zhicheng said quickly.

"Not bad!" Guo Shouyun smiled and nodded.

"Boss, you asked me to keep the money I made from gold and oil through the Iraq War this time, just for them?" Yu Fei asked.

Guo Shouyun nodded.

"Except for the descendants of the capital, the profits you have made from the rise in gold and oil this time are basically between 8~1.5 billion US dollars. Just use this money as the principal, and the leverage ratio is your own choice, and I don't interfere. ”

"After selling gold and oil futures, the Salomon Fund has more than $6 billion of idle funds, so why don't they all invest in it? The combined market capitalization of Seymour and First Bank of Chicago is more than $83.47 billion. Such a large scale is enough for us to operate it well!" Zhang Shaoling asked.

"The combination of Thunder and Mangzhong can come up with about $4 billion in funds, plus the leverage of margin trading, can leverage at least $20 billion in huge funds. The money was enough to invest in this operation. Any more, except for a faster increase in the stock prices of both sides, it will not do us any good. After a pause, "Now that a month has passed since the Iraq war, and the price of gold and oil has stabilized, it is time to make up for the positions that were sold at the beginning." ”

"Still going long gold and oil?" asked John Luxmy.

"Yes! If I hadn't given you special instructions, gold and oil bulls would have been the focus of our Thunder and Mangs. Guo Shouyun affirmed.

"There should still be forward contracts!"

After glancing at Yu Fei, Guo Shouyun nodded.

"I haven't asked you how much forward contracts you have now?"

"The Solomon is mainly a three-year and five-year oil contract with a total amount of $1.894 billion. ”

"Centaurs are mainly oil, coal, natural gas, iron ore and copper mines with a three-year period, amounting to $2.588 billion. ”

"Unicorns are mainly five-year and five-year oil, gas and rare earths, amounting to $2.13 billion!"

"The three-year oil of the descendants of the capital, amounting to $370 million. ”

"The five-year oil of the Mango Fund has a total amount of 3.38 billion US dollars. ”

From the answers of the five people, you can see their financial investment style. Zhang Shaoling and Yu Fei are the most daring, especially the latter. Therefore, their investment project is only oil, and the amount is huge.

John Lusmith's investment style is the most conservative, so even for forward contracts, he chose the shortest three-year period stipulated by Guo Shouyun, and used five types of futures for oil, natural gas, coal, iron ore and copper to diversify risks.

Qin Zhicheng is neither as conservative as John Rusmi, nor as unrestrained as Zhang Shaoling and Yu Fei. His style is more like a combination of positive and strange, steady and flexible. Just like this time, the relatively unpopular choice of 'rare earths' in his forward contract portfolio still surprised Guo Shouyun. However, he does have a great vision, and now the market price of more than 30 rare earth products is very low and long-term bullish. And with the geometric growth of the production and demand for electronic products, the price of rare earths has also risen.

The only drawback, however, is that the production of rare earths is very small. The annual demand of the entire international market is only a few dozen tons, so making forward contracts for rare earths will make money, but not too much money. Of course, he believes that Qin Zhicheng also understands the future of rare earth forward contracts, so in his portfolio, the share of rare earths is not much.

Glancing at the silent Michael Barry. Among the five, he has the least investment, but Guo Shouyun is not surprised. His interest was in the stock market, and if it weren't for his orders, Michael Barry wouldn't have invested in the futures market at all, let alone forward contracts.

Shaking his head, he pressed his extra thoughts to the bottom of his heart, "If the forward contract increases to $5 billion, let's stop." As for Michael, you decide for yourself how much to invest. ”

"$5 billion? I thought the boss would have at least $10 billion!" Yu Fei said.

"5 billion is enough. Forward contracts are good, but we can't focus too much on them. ”

Although the forward contract is profitable, over the years, Guo Shouyun has also understood the truth of 'too much'. If you are too greedy, good things can turn into bad things. Moreover, the forward contracts of more than $20 billion combined by Thunder and Mangzhong can bring him at least 30% of the net profit after three or five years expire, that is, $6 billion. That's a pretty good amount.

As for why he didn't limit the size of the forward contracts for Ruby Mall, Pacific Energy and Unocal Oil. Mainly because Ruby Mall is originally a commodity trading platform, and this is what it does. As for Pacific Energy and Unocal, the former itself needs natural gas, and the latter is also an oil developer. And they're not just long-term contracts like three or five years. Instead, it contains contracts for different periods of time within 1~5 years, which is not only an investment, but also a self-need.

"Now, is the scale of the funds under your management still rising?"

"It's still rising, but John's centaur fund is definitely going up the most. Zhang Shaoling said.

This is not surprising, compared with Zhang Shaoling and others, John Lu Simi has worked on Wall Street for many years, and the old Lu Simi is even more well-connected, with such a background, he will naturally be more trusted by the wealthy class than Zhang Shaoling and Qin Zhicheng.

"John, how big is your centaur fund?" asked Guo Shouyun.

"If you don't count the value-added part, it's currently $25.62 billion!"

"Yes, how many of you are there?"

"The size of the unicorn is $22.83 billion!" Qin Zhicheng said.

"Solomon's size is $21.94 billion. But Lao Qin, why are you managing so many funds?" Zhang Shaoling couldn't help but ask.

"Whenever. I'm also going up a little bit. ”

"Lao Mei is really rich. All three of you manage more than $20 billion in funds. And the mangzhong fund I manage is now only 17.33 billion. Yu Fei was unwilling.

"The concept of wealth management in Asia, especially riskier hedge funds, is inherently less acceptable. Moreover, the Plaza Accord brought down Japan. The 97 financial crisis destroyed most of the economies of South Korea, Hong Kong, Thailand, Malaysia, and other economically developed and fast-developing regions in Asia. The rest of the countries, especially China, are just beginning to take off. It is not surprising that the size of the Mango Fund has grown slowly. Qin Zhi became enlightened.

"Alright, stop complaining. With the rapid development of the Asian economy, the scale of the mango fund will continue to rise. After a pause, Guo Shouyun continued, "Now we have a lot of funds under management. In addition to the stock market, gold and oil futures, the foreign exchange market and forward contracts, I want you to put the growth money into a new project!"

"New project, what new project?" Yu Fei couldn't help but ask.

"U.S. Real Estate Subprime Mortgage Bonds!"

"Real estate subordinate?"

Michael Barry, who had been silent, said suddenly.

"That's right. "Michael, you don't have it in your portfolio, do you?"

"Not yet. Recently, however, I have noticed that real estate subprime debt is growing rapidly. In 2002, it was just under $30 billion. But in the first quarter of '03, its size had grown by 47.6%. According to the current situation, by the end of the year, the size of real estate subprime debt will exceed 100 billion US dollars!"

"Boss, real estate subordinated debt, despite its very high returns, is also very risky. If a buyer defaults, we lose all our money. John Lust reminded.

"I know that subprime debt is risky. But we're a hedge fund, and if the risk isn't too high, where are our earnings coming from? Also, if you pay attention, you'll see that the entire U.S. housing market is on the rise right now. The Federal Reserve's federal funds rate has been hovering at a historic low of 1%, Citigroup, Bank of America, and **** are constantly lending to home buyers in order to reduce losses and increase income, and the mortgage securitization of Freddie Mac and Fannie Mae is also in full swing. All this indicates that the US real estate boom is coming. We want to make the most of the most lucrative profits, and subordinated debt seems to be the most appropriate option at the moment. As for losses, at least during the rally in U.S. real estate, we won't be in the red. ”

"So, how can we tell when a crisis is coming? and get out of it in time to pocket the money we earn. Qin Zhi became enlightened.

"It's not that hard. When all the media around you start talking about real estate, when your Mexican maid at home starts planning to buy the property, when the banks start lending to the penniless, we should get out. ”

"Boss, is it really going to get this far?" asked John Luthmi.

"Maybe. But the greed of capital always makes people do stupid things. … Okay, that's all I have to say, do you guys still have questions?"

"Is there a limit to the investment in subordinated debt?" Zhang Shaoling asked.

"Nope. ”

"When will you start the acquisition?" Qin Zhicheng asked.

"After the meeting is over, you can get started. ”

"I'm going to participate too?" Yu Fei asked.

"Of course!"

After answering everyone's questions one by one, Guo Shouyun turned off the monitor. But before he could breathe, he relaxed. Wang Jue knocked on the door and walked in.

"Boss, Mr. Brian has arrived, in the living room!"

"Got it, I'll go down soon!"

After waving his hand to let Wang Jue leave, Guo Shouyun stood up and tidied up his clothes in the mirror in the study, turned around and walked out.