Greeting more than a dozen people at the same time not only consumes saliva, but also consumes physical strength. However, in the financial market, companies above designated size are qualified to enter the inner circle, and it is difficult for anyone to exclude anyone.

Even Sioux City itself has only prepared more than $3 billion, so it has set up a $17.5 billion offshore fund to leverage the $200 billion futures market. It can be said that as long as there are like-minded friends, any enterprise has the qualifications to sit on an equal footing with BP and Industrial Bank.

Therefore, even if you are standing in the center of the banquet, there are always executives who come to say hello and "new friends" who join the conversation.

Sioux City also doesn't want his short life in the City to be confrontational, so he can barely participate in the chat and get to know the other people better in the process of exchanging messages.

When it was about to enter the rhythm of the night, Paxson of the Paxson Fund turned back again, and there was a beautiful woman with chestnut hair around him, and he smiled exaggeratedly: "Oh my God, you have been standing like this for two hours?

He drank all the champagne in his hand, then took two more glasses from the tray of the waiter passing by, handed them to Su Cheng, put one arm on his shoulder, pretended to be familiar, and said with a smile: "If you are drunk, you can't hear the nagging of the old men, such a party, if you don't drink two bottles of champagne, you will definitely want to jump from the upstairs." ”

Su Cheng took it funny and drank half a cup in one go.

This half is with his humor, and half is really boring.

If it is in China, or relatively familiar with the Asian region. Sioux City is not going to play a chat game with a bunch of old men. However, the City of London is, after all, a daunting place for many financial companies here. Or the executives of financial firms, all dating back 100 years, are far from comparable in size, connections, and financial market skills, and the legendary Rothschild family, or the modern-day Morgan and Rockefeller families, all of whom have made the City of London an important foundation.

If the size of the Pan Asia Fund is barely enough for a giant crocodile. In terms of predation skills, both Lehman Brothers and Industrial Bank can be called technological giants. As for those legendary beings, they can be called prehistoric giant crocodiles, capable of chewing any self-righteous giant crocodile with their teeth.

With Sioux City's cautious character, he would not make enemies in the City of London for no reason.

Although he did prepare to hunt here. But before you see the food. Sioux City maintains a traditional Asian style.

Therefore, everyone chatted, he chatted with the crowd, everyone exchanged information, and he exchanged information with the crowd until this Paxson, who named the fund company after himself, came back.

In the circle, a tall white man with thick facial hair also drank the bourbon in his hand in one gulp, and said with a smile: "Can the old man stand for two hours? Not to live long, but. With the current medical technology, it's okay for me to see the calendar for 2050, how can I be treated as an old man?"

"It's Mr. Lagarde. Paxon and Enron's president of Europe seemed familiar, laughing, "If you want to see the calendar for 2050, I'll give you one tomorrow." ”

"Ah, do you want my place?" said Lagarde, making a skeptical gesture that caused everyone to laugh.

Paxson hugged the beauty tightly, and said with a smile: "When I become the major shareholder of Enron, I will also serve as the president of Europe, don't worry, the stock price of Enron will swish up at that time." ”

If it's good, it will immediately become full of gunpowder.

Lagarde's smile became extremely fake, and she said: "With the current Paxson Fund, how many Enron shares can be acquired? Be careful that the hostile takeover fails, but will be swallowed." ”

"Of course, I can't do it at such an inflated price now, and I will wait for Enron's stock price to return to its real value. Paxson was-for-tat, his face full of provocation, like a high school athlete.

Sioux City looked at the grumpy-looking guy with interest. It took courage to predict the inflated value of Enron in 1994, and of course, not as much as it did around '98, but it was still a powerful prediction.

After all, in the mid-to-late '90s, Enron was almost a model of financial success, and their methods and strategies led to the recommendation and high star rating of investment institutions across the United States, or financial institutions in half the world. It's hard to find financial institutions that haven't invested in Enron, at least more so than finding a tea shop in black Africa.

If it weren't for the financial crisis and serendipitous accounting discoveries, it would be difficult to say whether Enron would eventually collapse, and even if Paxson's remarks were merely sarcasm, they probably wouldn't have been without purpose, and in any case, he was also the chairman of a multi-billion dollar fund with assets, so he would not have joked with a completely opposite prediction.

Lagarde's face was green, as if he had changed from an Englishman to a Peruvian.

When the atmosphere was stiff, the British president of Société Générale clapped his hands, took over the topic, and asked Su Cheng directly: "How long will the shorting of the Pan-Asia Fund last?"

This is a topic that everyone is concerned about, and in an instant, the eyes of Lagarde and others gathered.

Su Cheng didn't expect the topic to return to him, frowned, and asked rhetorically: "Industrial Bank still has ambitions for oil futures?"

"Didn't Dahua Industrial join it?"

"We have been preparing for a long time, and then we made the decision, what about Xingye?"

"Henyep has been one of Total's shareholders for a long time, and the financial market is inseparable from oil, and the oil market is inseparable from the financial market, and if the futures market changes too much, it cannot be said to be good news for major companies. When the British president of Industrial Bank said this, he stared at Sioux City and said: "Dahua Industrial is an oil company, and the continuous short buying has exceeded the hedging requirements." ”

For oil companies, their hedging is originally to buy short the futures market, if the annual output of 1 million barrels of crude oil, you can buy 1 million barrels short in the futures market, so that if the price of crude oil rises, the inventory profits, the futures loss, and the income remains the same. If the price of crude oil falls, inventories are lost, futures are profitable, and income remains the same.

In this way, production companies can concentrate their efforts on production risk-free.

However, there are always some hedging companies that can't bear the loneliness and will bet more and more on the financial market. In the eyes of bankers with strict risk control, Dahua Industrial is such an enterprise.

In fact, the huge losses that often occur in the financial world are indeed prone to occur in this kind of half-hung enterprises, just like the half-hung chayexschayexs. collectors are easy to be picked up, and half-hung financial enterprises are often heard of being bankrupt.

Sioux City groaned and didn't speak. It is impossible to say that there is no apprehension at all, unlike the previous futures trading, this time, he can't rely on the power of foresight, and more on his own.

Just the bursting capacity of the Azijiu oil field does not guarantee huge profits. Maybe it's okay to generate profits, but after preparing for so long, Sioux City is unwilling to make a little profit.

Lagarde saw something from Sioux City's attitude, and said with surprise: "Dahua Industrial really wants to be a big short in the market?"

"The financial behavior of Pan Asia Fund has nothing to do with Dahua Industrial. Sioux City first put aside his responsibilities and continued: "As I said earlier, I am not optimistic about the price of crude oil. ”

Lagarde's face gradually became solemn, and he said, "So, Dahua Industrial...... Well, the goal of the Pan Asia Fund is limited to oil futures?"

Su Cheng thought for a moment and gave an affirmative answer: "That's right." ”

Several people in the circle looked at each other, and they all had a wolf expression.

For a $17.5 billion fund, the concepts of diversification and concentration are completely different. In layman's terms, a gambler who is desperate is always aggressive before the cards are opened.

Lagarde repeated: "It seems that Pan Asia is really going to be a big short. ”

"Does Enron want a share?" Sioux Cheng used in questioning form.

If a large number of bears gather, even if only financial means are used, the price of crude oil can be depressed a lot.

However, the amount of capital required in this way is massive, unlike crude oil spot that can impact the spot market, and futures trading, which accounts for 90% of the global trading volume, requires more than ten times the resources of spot trading.

However, Lagarde obviously would not accept Sioux City's love, and laughed twice in a dumb voice, and said: "We prefer low-risk projects, and it is too risky to bet on the decline in crude oil prices now." ”

Sioux City turned his gaze to the others.

Speaking of which, it is natural to recruit allies.

At that time, Soros stirred up the British pound and Southeast Asian currency markets, followed by an army of ten trillion super tourists, and Sioux City did not want to be alone.

He looked from left to right, one by one.

The enthusiastic man of Lehman Brothers shook his head slightly, not to mention the mocking face of the British president of Société Générale, and the executives of BP and Aruba Investment, although they were smiling, did not say anything......

Paxon, who gave Sioux City a business card, also hesitated at this time.

He is indeed interested in shorting the Pan Asia Fund, but he still has to think about it.

Next to him, Ito Masao, who had not spoken all the time, laughed out loud, and said in proficient Chinese: "The crude oil market is not alarming, whether it is Dahua Industrial or Pan Asia Fund, it is more difficult to stir him than to stir the lake, so the chairman of Sioux City should not be demagogic here." If there is any conspiracy, please put it away. ”

"Conspiracy?" Sioux glared at the guy.

"Here, there is news everywhere, and to win everyone's trust, Chairman Sioux City needs to prepare. Masao Ito smiled like an old cat.

Su Cheng quietly picked up his wine glass, silently feeling embattled.

…… (To be continued......)

ps: The schedule is out of order, and I will apply for a holiday tomorrow.

……