Chapter 495: Short- and Medium-term Research Report
Functionally, the full name of the investment department of Tyrone International is the investment management department, which is not wrong to use the asset management department, which manages the sole proprietorship, holding, equity participation and other projects directly invested by the group headquarters and the company.
There are many overlapping functions, for example, for the investment project of the Green Corner team, Tyrone directly gave 500 million US dollars first, is it considered a controlling shareholder? At least it is the largest investor in the project, but it is not under the management of the investment department.
The Green Corner team is directly accountable to the board of directors and individual investors of Tyrone International, and does not know the investment management department at all.
Therefore, the investment management department is in charge of the projects given by Tyrone and Tyrone International in the end, and of course there is money to be made in the attributes.
What kind of quantitative hedging, model investment, technology arbitrage and the like, the investment management department is very slippery, and they don't want to do it in high-risk areas.
Counting the projects being prepared by Green Corner, Tyrone International has three investment teams that are making high-risk investments, none of which are under the jurisdiction of the investment department, and all of them are directly responsible to the board of directors, and even Su Huanzhang can only manage these three teams through the board of directors.
In the past, the investment department took research reports from the research department, and paid directly according to the positions of analysts, senior analysts, and chief analysts, that is, what is your position, and a corresponding form of research report will be issued, and the corresponding performance will be taken.
The consequence is that vicious competition has formed within the research department, and many times analysts are doing well in research reports and are not as good as the investment department, and the whole system is a bit corrupt, but it also retains the upward channel of genius analysts.
In Su Huanzhang's view, if the analyst is a genius, then where can he not come forward? If there is a problem in the system, it must be solved, and it will ...... The Shoucheng faction is too conservative and has no enterprising spirit.
For example, what does the investment management department often do? is to wait for Tyrone to give money, and then give how much money they give, and they will spend the money, and get a little higher income than the interest, even if it is a big success.
What are you kidding, financial investment is not gambling, you can't take risks.
A plan has a 90% probability of making a small amount of money, ten of the same plan continues, maybe it will lose, a hundred of the same plan continues, the chance of getting the "90%" probability will be stable, a thousand, ten thousand of this plan is good, almost a steady profit, this is a financial institution.
It's a pity that if it is so stable, if Tyrone International wants to come out, the time should be calculated in at least ten years, and everyone will win steadily in the last ten years, and then ...... You are developing, your opponents are also developing, in the end the big guy is still the big guy, Tyrone International is still Tyrone International.
"Manager Zhu, now you are responsible for all the purchase of research reports in the green corner, I mean ......" Sitting in the office, Su Huanzhang smiled at Zhu Zeyang, who was trembling in front: "Everything is based on the will of the investment team, if the research report of the research department cannot satisfy them, then go out and find it, it doesn't matter if the third party, the fourth party, or the fifth party does." ”
"Regardless of the black cat or white cat, the one who can catch the mouse is a good cat, other analysts are powerful, we will cooperate, we will poach, the analysts of the research department are eliminated, they will be replaced, go back to Tyrone, fire them, the company can't raise idlers." Su Huanzhang's tone carried a hint of solemnity.
Zhu Zeyang was scared, what are you kidding, many of the analysts in the research department are veterans of the company, and many of them are sent from Tailong, so they can be fried if they are speculated.
Besides, analysts are creatures, if they don't want to make mistakes, you want to find faults? Is the twelve-word mantra of "cautious bullishness, careful fall, and prevention of shocks" false?
No matter how the market changes, analysts can make the research report cover all the situations, and Zhu Zeyang, that is, he has a little ability to run business and negotiate contracts, and let him measure the quality of the research report, which is really overestimating him, but ......
"What Mr. Su said is that everything is according to the meaning of the investment team. Zhu Zeyang said cautiously: "According to the meaning of the green corner, Mr. Green is ready to agree to Director Wang's request, and the contract is ......."
"Normal negotiations would be fine. Su Huanzhang said with a smile: "Manager Zhu, you shouldn't question the opinions of the investment team, after all, they are professional, as long as they produce results, everything is easy to say." ”
"Yes, I'm going to negotiate the contract with Manager Fan. Zhu Zeyang's heart sank, and he was about to flee immediately.
When the gods fight, a small manager like Zhu Zeyang is decisively avoided.
Su Huanzhang's attitude has been clear until now, he wants to introduce a more fierce competition model, he just wants to cover the investment team and Wang Nuo, the writer, as long as he can give him results, he will provide coaxing.
If you can't get a result, then ...... Even if it is a green corner, Su Huanzhang will directly suppress it, he is using Tyrone's strong support to do things this time, if he has no results, he will definitely kneel, and of course he doesn't mind pulling a few cushions.
Tyrone International, since then, has been divided into two distinct sides, Su Huanzhang has gradually put out the chips, the group of people in the investment department...... As always, it is steady, but it is silent.
If Su Huanzhang makes achievements, the Shoucheng faction will actually accept appropriate incorporation, and if Su Huanzhang fails, the Shoucheng faction will stand up to stabilize the overall situation, so that Tyrone International will not be scattered.
This is a mature enterprise, no matter how it develops, there is at least a way back.
"What I have, I can give it, if I can distribute what I have in my hand, it means that I will get a new and bigger cake!" When Zhu Zeyang walked out, Su Huanzhang's eyes lit up with a flame of undisguised ambition: "Teacher Qin won't lie to me, Lujiao, Wang Nuo, don't let me down." ”
In addition to the 500 million given by Tyrone, he also helped to make up the remaining 500 million, a full billion dollars, almost the entire Tyrone International, but now he only waits for the terms to be negotiated, and will be handed over to Green Corner for investment and operation.
And when Green Corner entered Tyrone International, it was the point of conflict between them and the United States and Rich, and Green's group of emotional intelligence monsters almost reversed the United States and Switzerland, just for the investment direction they were thinking about: the Australian dollar system is risky.
From the analysis of the current market, the Australian dollar does show the risk of the system, but from the perspective of economic data, the risk is actually hidden, and market investors generally believe that the current point is OK, even if the overall structure of the currency exchange rate is adjusted, there are not enough variables.
Green corner bet, that is, a probability, and even if the timing is right, they don't mind changing the core underlying, the Australian dollar can't be shorted? So is it feasible to go long? If not, change it, what pounds, yen, dollars, gold, oil and the like, as long as there are enough variables, the investment team dares to stare at it.
The charm of the international market lies in the structure, each product is related to a number of targets, the change of one index, often causes the change of other indexes, the change of several kinds of index, must cause the corresponding shock of a certain index.
As an analyst, what Wang Nuo needs to do is that when the customer gives the core target, he will integrate the data information, and finally give the changes in the core data and other possible shocks in the linkage market.
When Wang Nuo brushed the energy to a positive number, it was already Mother's Day on the 12th, and the project of Green Corner was finally completed, and they were ready to start the preliminary layout.
But this time, the short-term research report is used for trading, and the medium-term research report is the element related to the strategy, and it is more interesting that if the short-term view is not confirmed by the market, the medium-term research report will almost certainly be thrown into the trash by the green corner.
Therefore, what Wang Nuo wants to publish is a research report covering short- and medium-term investment advice.