590. Gamblers everywhere!
Now Chen Hui's battlefield focus is on the bedroom, and there is no need to care about the foreign exchange market situation at this moment.
The Bank of Canada's interest rate meeting is at 11 p.m., and it's already 10:55 p.m., and the market is filled with fear and tension.
At present, the hearts of the traders whose accounts are losing money are hanging in the air at an altitude of 10,000 meters!
Traders who are currently floating in their accounts are also nervous, and every time the Canadian dollar pair jumps at high speed, they feel like they are in a meat grinder on the battlefield, and they can be ground to minced meat at any moment.
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In the trading room, a middle-aged man looked at the chart of the Canadian dollar currency with his eyes attentively and said in a low voice: "Hold on, as long as the euro/Canadian dollar falls, buy it!"
His name is Pratt, he graduated from the world's top universities, worked in many banks, many hedge funds, and then left his job to create his own hedge fund!
Pratt is one of the founders of BlueCrest Capital Management ("BlueCrown"). From 2007 to 2012, even after the financial crisis, Blue Crown's two largest hedge funds never posted annual losses.
The company's assets under management quadrupled in five years, increasing by about $13 billion to $50 billion in four months from May to September last year. It has made Pratt a hot figure on Wall Street, and now the assets under management of Blue Crown Capital are as high as $60 billion!
More than 30 years ago, Soros, a hedge fund tycoon who sniped at the British pound and was famous in the industry, said that financial markets are inherently unstable, and this is especially true of international financial markets. In such a chaotic situation, Michael Platt, a fund manager who refused to manage assets for Soros, as a hedge fund investor, values the gambler's spirit and favors those who are good gamblers.
In 2011, Soros decided to transform his hedge fund into a family fund, no longer managing money for external clients, and looking for managers of $25.5 billion in assets. He once threw an olive branch to Pratt, hoping that Blue Crown would manage more than $5 billion in assets and pay a 0.5% management fee and a 10% income commission, but Pratt politely declined!
Nowadays, a large number of investors are willing to ask Blue Crown to manage assets on their behalf at the market price, that is, to pay 2% of the management fee and 20% of the income commission. Naturally, he is disdainful of Soros!
When the traders heard Pratt's words, they immediately shouted, "Understood!"
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Germany, Hamburg, Aquila Capital (Aquila Capital), short EUR/CAD!, a chief trader, who looked at the EUR/CAD chart with a nervous face, has now risen a lot of points, and the account he manages has lost a lot of money. After hesitating and struggling for a while, he muttered to himself: "Forget it, don't stop the loss! Bet on the Bank of Canada's interest rate meeting!"
Rotterdam, Netherlands, Transtrend hedge fund, backhand buying EUR/CAD!
"As long as EUR/CAD goes down, we buy it!I'm sure the outcome of the Bank of Canada's interest rate meeting will be a skyrocketing EUR/CAD!!"
In Chicago, USA, Balyasny Asset Management is considering a stop loss! Traders are nervously looking at the USD/CAD chart, their accounts are currently losing a lot of money!
The lead trader, named David, said in a deep voice: "Keep holding! Don't panic! Bet on a Bank of Canada interest rate meeting!"
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In New York City, Angelo Gordon &!, Inc. has stopped millions of short orders, and traders are also nervously looking at the USD/CAD chart, and now they still have many short positions in USD/CAD that have not been closed!
The head of foreign exchange trading, executive director, Bakett, said in a deep voice: "Don't get excited, wait for the results of the Bank of Canada's interest rate meeting!"
Buckett is a graduate of Georgeton University and holds an MBA from the Wharton School of the University of Pennsylvania. Throughout the 90s of the 20th century, Barckert worked for the Resolution Trust Corp, which was established by the U.S. government to liquidate the assets of most of the real estate companies that had gone bankrupt and collapsed in the aftermath of the U.S. financial crisis. In 1997, Barkett officially joined Angelo Gordon, and just a year later, the world's financial markets were in turmoil, but Barkett bucked the trend and made a big deal that year: buying the Chelsea Market complex in Manhattan for $60 million. After Angelo Gordon's transformation, the Chelsea integrated market has changed from a single activity of production and processing to a comprehensive plot of land integrating food and retail, and after 5 years, the market value of the market has exceeded 850 million US dollars, a net profit of 14 times!!
He has brought countless profits to Angelo Gordon over the years and is currently in charge of the entire Forex department. But this time he lost money! There are still a lot of short positions in USD/CAD in the account that have not been closed! At this moment he wants to bet on the outcome of the Bank of Canada's interest rate meeting!
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In Boston, Adage Capital Management, all the traders looked at this scene excitedly, Robert and Phil looked at each other, and said, "Increase your position and buy USD/CAD!!"
The founders of Maxim Capital Management are Phil Gross and Robert Atchinson, both of whom worked at Harvard Management, where their teams managed funds that outperformed the S&P 500 by an average of 6.5% per year. Now, Harvard Management Co. is also $1.8 billion in Adage, with a small stake in it.
Their current hedge fund has also achieved impressive results over the years, and currently manages assets of up to $60 billion! Both are legendary traders on Wall Street!
Greenwich City, Tudor Investment Corporation, which has added to its position in USD/CAD, is trading wizard, Paul Tudor Jones, shouting, "Guys, here's the money!"
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