The old Tony of the New York fund company really didn't disappoint.

From the day Jiamei Bank fully intervened in the residential mortgage market, Tony Sr. began to pay continuous attention to the subprime loan market, but unlike the outside world speculation, the New York fund company did not focus on how big and prosperous the market could be, but patiently waited for the complete collapse of the market.

As early as when the Federal Reserve began to raise the federal savings interest rate and raise the cost of loans in disguise, Tony Sr. had expressed concern about the future of the subprime loan market before other institutions, and a week before New Century Finance announced that it had filed for bankruptcy protection, Tony Sr. had effectively confirmed this 'market rumor' through feedback from all sides, so any action by the New York Fund against the subprime loan market also had a sufficient and reasonable reason.

Tony Sr.'s brilliance lies in the fact that he did not choose to invest heavily in the subprime mortgage variety, but diversified his investment, reduced the size of a single variety, and hoarded a large amount of potential profits by buying a basket of forward contracts, betting on foreign exchange, equity, gold, commodities, etc.

At present, the statistical work has not yet been carried out, not to mention that the trading of commodities and gold is far from being accurately evaluated, but judging from the information obtained from public sources so far, Tony Sr. thinks that if Bear Stearns and Lehman all fail, the company's profit should be able to exceed 28 billion US dollars, and if only one fails, then the profit may be reduced by as much as 20% and a half......

After listening to Tony Sr.'s brief introduction to the situation over there, Fu Zhengyi is very satisfied with this figure, whether Lehman will really go out of business, He is not completely sure, reborn in the past ten years, he has already stirred the international financial market into a pool of troubled waters, the original famous big short Soros has become cautious, relying on mathematical research of the medal fund is not so radical, the new representative of the short Muddy Waters Company This kind of enterprise has emerged a lot, although it has not affected the overall pattern of the global financial market, but some changes have indeed happened.

Bill is no longer the richest man in the world, Bernard went to prison two years early, Pierre, the owner of Printemps, continues to run his Printemps, and his family shows no signs of meddling in the luxury market, but Pierre Sr. still seems to owe him two beastheads......

Who would believe that so many changes will not cause changes in global financial markets?

Regardless of whether others believe it or not, Fu Justice will not believe it anyway.

The subprime mortgage crisis in the United States, he was originally prepared to be his own work, and he was not even ready to handle it himself, New York's Tony Lao, Liu Meijia of Jiamei Bank, Xi Meijuan of San Francisco, Guo Jianmin of the London Fund Company, and Tang Yan of Weizhi Trust will all hand in a satisfactory performance report.

ended the call with Tony Sr., and Fu Zhengyi's second call was naturally to Guo Jianmin, asking about the implementation of the plan of the London company.

"BOSS, the European market is too stable, HSBC has become extremely conservative after the previous Bernard incident, originally planned to buy 1.5 billion euros of credit default swap bonds through HSBC, but HSBC's risk department would rather give 80 million euros in compensation in advance, and resolutely refused to continue to execute the previous contract, so the London company's unexpected profit may not exceed 6 billion euros......"

"Six billion, how can it be so many?"

The profits of the London fund company managed by Guo Jianmin have been siphoned off a lot in recent years, the establishment of a [pan-French investment holding company], the provision of guaranteed loans for Ukrainian oil companies, the provision of development funds for the Chelus team, and even the purchase of HSBC Tower by nearly one billion euros, Fu Zhengyi remembers that as of the previous year, the net book value of the London fund company was only more than 8 billion euros, and if the excess income can reach 6 billion, it is either Guo Jianmin has added leverage, Either he used some special means, so Fu Zhengyi was particularly surprised.

"BOSS, that's right, when I went to New York last year to attend a financial conference, I met with Tony Sr., and he said that you once said that mortgage bonds have no insurance or options, and bonds are too stable and have too low returns, so it's better to go to a bank to make a product, and then go and buy it. I was inspired to set up a new department to design credit default swaps that meet the risk requirements of European banks, and to obtain a fairly high forward potential return at a relatively low price, but unfortunately the timing of New Century Finance's declaration of bankruptcy protection was too inappropriate, if I could have been two or three weeks late, I should have been able to sign contracts with Dresden Bank, Nordbank and Union Bank of Italy to increase the potential profit to 7.5 billion euros ......"

"You've set up a department to talk to the bank about products?"

"BOSS, the funds I use are within the authority, although the leverage is relatively high, but the loss amount is locked in advance, margin contract, the bank is willing to obtain such a risk-free profit, although it is not easy to find a bank willing to gamble in Europe, but this department is personally responsible for me, people are a little hard, but the income is expected to be quite worth looking forward to......

There is nothing wrong with hoping that the income can be further improved, if the professional has no desire, then naturally there is no motivation to work hard!

As for the expected income of the London fund company, Fu Zhengyi's original concept thought that it would be at most three billion euros, but Guo Jianmin took the initiative to take advantage of the fund company's professional advantages, and the doubling profits naturally couldn't just be taken for granted and all of them could not be stuffed into his pocket, but how to reward them, Fu Zhengyi couldn't come up with specific measures for a while, so he laughed. "That's a big surprise! Tell me what other wishes you want to fulfill!"

Guo Jianmin felt relieved, knowing that the big boss not only affirmed his achievements, but also prepared to give more rewards, so he thought about it before he said. "BOSS, at the beginning of the year, my goal was to get myself a good car, but my wife is about to give birth to her third child, and it is a little urgent to solve the problem of living environment......"

Housing prices in London should be said to be at a high level at this time, and when the impact of the subprime mortgage crisis in the United States spreads to the world, housing prices in many areas will have a large discount, so Fu Zhengyi pondered for a moment before saying. "Well, I'll reconsider this year's incentive policy, it won't improve the living environment, and I personally don't recommend making a decision when the current storm is coming, and the impact of the Southeast Asian financial turmoil should be a ......lesson from the past."