Chapter 92: Boulder Capital (2)
"How is this possible, in terms of previous intelligence, isn't Jushi Capital the biggest holder of the Thai baht short?
"It should still be there. In the spot market, there is no trace of Jushi Capital selling Thai baht, and in the forward market, Jushi Capital is still the largest short holder, but ......."
"But what?"
"However, they are also the biggest long holders. ”
"What!"
Robinson could hardly believe what he was hearing.
In financial markets, there is often a great deal of risk due to the uncontrollable nature of systemic risk.
Therefore, the combination of financial derivatives such as various financial futures and financial options with financial instruments for portfolio investment can avoid some systemic risks.
Trading methods are often transposition, hedging, and hedging to reduce market risks and ensure profits at the same time.
For example, cross-variety arbitrage, cross-market arbitrage, and cross-time arbitrage. Hedging methods such as spot arbitrage.
This trading method is also the reason for the name of the hedge fund.
There is no definite conclusion as to which the earliest hedge fund was.
As early as 1923, Jesse Livermore, the king of speculation, spoke of a speculative instrument called "asset pool", a combination of instruments that would be traded in a very similar form and function to what would later be called a "hedge fund".
Tiger Fund, full name Tiger Hedge Fund.
In Robinson's ability, he is all too familiar with this method of cross-position and two-way position trading in the futures and spot markets.
This method is exactly the trading method used by major hedge funds in the early days.
But now, there are people who are sniping at them with this most primitive trading method.
It is the most primitive means of trading.
At least, in Julian Robinson's eyes.
In the global financial community, Tiger Fund is not well-known, the world knows George Soros, but few people know Julian Robinson.
But if you compare the amount of money controlled by the two people, you can know who is the real first person.
Among the world's well-known hedge funds, Tiger Fund ranks second.
The first is the Jones Fund, which Alfred Winslow Jones, the father of hedge funds, founded at the age of 49 with $100,000.
In mid-1983, Jones' son-in-law took over the Jones hedge fund and handed over most of the fund's assets to Julian Robinson.
Other words.
The world's first and second hedge funds are actually in Robinson's hands.
Julian Robinson is the first person in the global hedge fund.
However, in terms of fame, Robinson's name is rarely known.
Because, Robinson is a Hua Guotong.
What he admires most is Chinese philosophy and culture.
Sun Tzu's Art of War, Tao Te Ching, I Ching, Confucianism......
Robinson has dabbled in these classic books that no one will read in the Chinese Book of Changes.
In his long reading of Chinese classics, Robinson was greatly influenced.
Taoism is indisputable, and the tree is a big move.
As a result, Robinson tends to try to avoid being famous, and Soros's style of acting can be said to be two extremes.
However, Robinson's reputation is not obvious, and Robinson is still a grandmaster in the financial world.
With all kinds of comprehensive intelligence, he could see the real problem at a glance.
Jushi Capital is actually using hedge fund methods to snipe Tiger hedge fund.
No, no, no.
Boulder Capital is sniping at all the bears with this primitive tactic.
Da Mo, Goldman Sachs, Tiger Fund, Quantum Fund.......
All the capital that shorted the Thai baht became the prey under the strategy of Megastone Capital.
Robinson had a feeling of extreme absurdity.
Someone is attacking them with what they do best.
The snake swallowing the elephant is no longer enough to describe the arrogance of the megalithic capital, which is simply a rat swallowing an elephant.
Da Mo, Goldman Sachs.
Which of these giants is not a stomp of the global financial market will tremble.
But now, Jushi Capital actually wants to swallow all this capital in one bite.
Robinson, after all, is a long-established figure, and he is not as angry as Druckenmiller.
He knows it well.
In the financial markets, where each other is fighting, there will never be absolute allies.
Soldiers.
Sophistry, too.
If you want to win a victory, you will always have to do anything.
Now Jushi Capital's backlash is nothing.
Under the interests, it is normal to turn the gun and kill people.
But the question is, what does Jushi Capital rely on?
What is the use of these intrigues without absolute strength.
"Linda, what do you say is the hole card of this Boulder Capital?"
“......”
Linda didn't say anything.
How could she, a woman, understand such a profound question.
But Linda also knew that Robinson didn't expect her to answer anything.
Now Robinson is just asking himself.
What she needed to do was to calm Robinson's boiling heart.
Linda glanced at her naked sister, then unbuttoned her clothes and walked over to Robinson.
Squatting down, she leaned into something that still smelled of her sister.
"Hmm... Maybe it's a madman?"
......
Standard Chartered Bank Building, Hong Kong.
Zhao Jiangchuan was leisurely making tea on the top floor, and he didn't seem to know that he was making people around the world panic now.
Opposite him, George King and Zhang Xiaolei, these two handsome men and beautiful women sat nervously.
Two people, their faces full of awe.
Genuine awe.
As the senior management of Standard Chartered, the two know very well what Standard Chartered is doing now.
What is Goldman Sachs.
It was the No. 1 investment bank in the United States.
Tiger Fund, Quantum Fund, which one is a good stubble.
This is the existence of the Bank of England.
In the market, Da Mo is short selling Thai baht, Goldman Sachs is short selling Thai baht, Tiger Fund, Jones Fund, and Quantum Fund are all short Thai baht.
Standard Chartered, on the other hand, is buying Thai baht.
This is a sniping at the world's leading financial giants.
The name of a man, the shadow of a tree.
Under the prestige of the major giants, just thinking about it, that kind of pressure is enough to suppress people who can't breathe.
Against one family, it is estimated that the current capacity of Jushi Capital is enough.
But Zhao Jiangchuan is good, and he completely stands on the opposite side of these capitals.
It's hard to want to give these capitals to a pot.
George King and Zhang Xiaolei glanced at each other.
Each saw the awe in each other's eyes.
It's not okay if you don't be in awe.
It was hard for them to imagine what gave Zhao Jiangchuan the courage to do more baht.
You know, going long Thai baht now is tantamount to facing the firepower of the world's major financial giants.
"George, Miss Zhang, come for tea, this is the big red robe I brought from China, and it was all picked from the mother tree. ”
My big boss.
Can you please stop pretending to be like that.
When is it now, you still have the heart to drink tea here.
George King had the urge to scold his mother.
As the top manager of Standard Chartered, George King bears the kind of pressure that only he knows.
If Standard Chartered is toyed with again, then he can find a place to hang himself.
Continuously bring down the money-losing goods of Standard Chartered Bank.
This kind of reputation, George King doesn't want to carry even if he dies.
"Boss, at present, we have a lot of profits in our positions, do you want to close some of them first?"
"What's the hurry, drink tea first. ”
“......”
George King was helpless.
He understands what it means that the emperor is not in a hurry, and the eunuch is in a hurry.