Chapter 219: To add insult to injury
In the square of the headquarters of the life insurance group in New York, luxury cars drove into it one after another and stopped at the entrance of the 36-story building. Pen, fun, pavilion www. biquge。 info
"Finandi, the dollar index is very abnormal, it seems that someone is deliberately shorting." The old man who got out of a Ford hurriedly walked to the side of another Lincoln that came behind and said anxiously.
"President Felix is on top, go to the investment department."
The middle-aged man in a suit, although he gave people a sense of identity, got out of the Lincoln car but did not mean to despise the old man.
The elevator of the New York Life Building had already been prepared, and it seemed that it knew that someone would come one after another, so the elevator man connected the middle-aged man and the old man into it, turned on the manual operation, and went straight to the 35th floor of the building.
"Felix, how's it going?"
The middle-aged man who came to the thirty-fifth floor asked a curly-haired man with a dark expression.
"The market pressure is very heavy, and our disk protection funds are consumed very quickly, and the selling pressure is at least three times that of the buying order." The curly-haired man standing in the huge investment department is none other than Felix Gahr, the president of New York Life Insurance.
"If the U.S. dollar index futures can't go up to 97, the traction below $96 will only be stronger, you know, now there are at least three hours before the Fed interest rate results, during this period if the decline is too large, when the time to announce the results of the interest rate meeting, I am afraid that it will be more fierce." The middle-aged man in the suit had anger on his face, and his mentality was not very good.
"Can you Metropolitan Insurance Group come up with follow-up funds? Rather than worrying about changes in the market, it is better to take active action, and in this unoptimistic situation, we must strengthen the control of the market. The curly-haired man said in a deep voice.
"Our Metropolitan Insurance Group has invested more than $6 billion in dollar index futures, you damn guy, you are still here to withdraw money, do you want me to be eaten by those angry shareholders?" The middle-aged man in the suit finally couldn't hold back his emotions and yelled at the curly-haired man loudly.
"Finendo, you must know that it is not only the Metropolitan Insurance Group that has invested funds, but also more than six billion US dollars in New York Life, and now the shareholders have already found it, if they do not keep the dollar index, all the funds invested before will be eaten by the pursuing institutions." The curly-haired man let out an annoyed voice, his eyes looking around at the shareholders of the New York Life Insurance Group who had arrived one after another.
"It's useless to get angry here, it's the most important thing to keep the future price, look at the current market situation, it's too late to convene an extraordinary general meeting of shareholders to form a resolution." The old man who got out of the Ford car before opened his mouth at the right time to stop the road.
"Mr. George, the current state of the market has indeed reached the point of burning eyebrows, and as the most important shareholder of the insurance group, I need your support." The curly-haired man seemed to hope that the old man could help persuade the right holders who came to Xingshi one after another to ask for their guilt.
"Do you have to make the dollar index futures go above 97?"
The old man hesitated slightly, and then asked solemnly to the curly-haired man.
"Yes, the absolute main force of the short side that hit the futures price before, although the profit was closed, but it dampened the bullish sentiment, making the stability of the already difficult situation, even worse, and the current futures price, is only a free slide, if there is a large amount of short funds attacking, the too low futures price will no longer have room for turn, we are now irreversible." The curly-haired man took a deep breath.
"Once the U.S. dollar index breaks the 96 mark, not only the short-term operation of the market, but also the large amount of money invested by the two insurance groups will be completely collapsed." Although the middle-aged man in the suit was out of control, he still chose to stand with the curly-haired man.
"I will never allow the group's funds to be invested in the US dollar index futures again, you incompetent people have done the wrong direction, and you can't even tell the difference between rising and falling, do you want us shareholders to pay? As the president of Metropolitan Insurance Group, Finandi didn't try his best to convince the shareholders on their side, but he came here, obviously to make our New York Life Group plug the gun. Before the old man named George could reply, a discordant female voice had already resounded sharply in the investment department of New York Life.
"Ms. Rhy, I admit that there is a mistake in the decision to operate the US dollar index futures, but now it is not a matter of thinking that the problem can be solved, just imagine, once the two groups invested in the US dollar index futures are eaten, not only will it cause irreparable losses, if the news leaks out, the stock prices of the two listed groups will be affected, and then your shareholders will also suffer a second loss of interests." The curly-haired man looked at the woman with a fierce face.
"Knowing that the U.S. dollar index futures, how long has it been since there has been such a big move? The last time there was a violent shock, it has been more than two months now, have you ever wondered why our New York Life Insurance Group encountered such pressure when investing in US dollar index futures, and how could the market be so coincidental? A young man also seemed to have a voice that could not be underestimated, and he sneered angrily.
"President, the U.S. dollar index futures have started to decline again after the block at $97, and are now at 96.7524, and if they don't take action, they may test the previous low of 96.5031." A female trader reminded the curly-haired man.
"Gavin, do you suspect that the news of our operation of US dollar index futures has been leaked in advance?" Old George, who was asked by the curly-haired man, said with a frown.
"Even if there is no inner ghost who is calculating the group company, the responsibility of President Felix cannot be shirked, the Federal Reserve cut interest rates before the investment department is not without estimates, but he insists on going his own way, saying that the interest rate cut has a limited impact on the medium-term improvement of the dollar index futures, and now it is in such an unfavorable situation, I don't know what he wants to say?" The young man was unceremonious, apparently holding the curly-haired man responsible.
Until this time, Finandi, a middle-aged man who hurried to the New York Life Insurance Group and was out of control, saw that the shareholders in the investment department were embarrassed by every word, and he, as the president of Metropolitan Insurance Group, was also speechless.
"Your suspicions, I can fully understand, the responsibility to bear, I will not shirk, but how to wait for this difficulty, now the dollar index futures are undoubtedly falling, if you can have a better way to solve the problem, you might as well say it, if not, please make a verbal commitment now, allow the group to continue to invest in the dollar index futures." Because the shareholders could not reach an agreement for a long time, at the critical moment, the curly-haired man had to force.
"Felix, even if the shareholders present agree that the group's funds continue to invest in US dollar index futures, there will be a big problem, and it will be a very dangerous decision to be sued by other investors." Old George said with a gloomy expression.
"It doesn't matter, as long as the dollar index futures can be stabilized, I am confident that the rest of the things can be solved, the group can use three billion US dollars within the specified range, and I will personally invest 100 million US dollars to invest in the US dollar index futures to protect the disk, in such a difficult moment, only everyone can work together to tide over the difficulties." The curly-haired man looked resolute, as if he was going to fight to the death.
"If you don't make a decision, I'm afraid it's really too late, although there are still some shareholders who have not arrived, but in order to deal with the crisis, these shareholders present will simply raise their hands to vote, and those who agree to continue to invest funds should raise their hands." After the elder George proposed, he took the lead in raising his left hand.
In the huge investment department, there are still a few shareholders who disagree, and without raising their hands, feeling the gaze of old George, the curly-haired man has to be ready to take responsibility.
"The minority obeys the majority, and the group's $3 billion is imported into the account." Seeing that Old George raised his hand but stopped making a sound, the curly-haired man's statement was obviously to force it.
"Felix, you ......"
Before the young man who had held the curly-haired man accountable for his angry words could be spoken, the woman Rye pulled him and motioned him to look at it for the time being.
"If you can stabilize the U.S. dollar index futures, everyone can still have a way to live, and let the market fall, you will not be much better than me." The curly-haired man said to Fernandi, who was dressed in a suit.
"Since the New York Insurance Group can continue to invest funds, we at Metropolitan Insurance Group will also follow, but have you ever thought about what you will do when you invest more money and still can't stabilize the future price?" Fernandi didn't seem to be as firm as the curly-haired man.
"In fact, the best way is for shareholders to contribute directly to the market in their own names, but unfortunately the current market turmoil, this view is difficult to agree." The curly-haired man took a deep breath.
"Felix, do you think it's better to say hello to institutions that are short in dollar index futures......" Fernandi, who was dressed in a suit, was interrupted before he could finish his proposal.
"The main bears who short the US dollar index futures are mostly big gold dealers and bank market makers in London, and a large amount of money is invested in it, and there is no possibility of a hasty withdrawal. As the curly-haired man spoke, he had already begun to arrange the transfer of funds.
"More than 6 billion US dollars have been invested, and now it is going to add 3 billion, betting so much money in the US dollar index futures, once the result is not good, you can't hide it, this kind of bad news, will have a great impact on the group." The woman in the gown whispered to old George.
"The current market value of our New York Life Insurance Group is nearly 150 billion US dollars, even if the net assets are 90 billion US dollars, if we can enter the market without any scruples, the US dollar index futures may not be able to stop falling and stabilize, not to mention the joint operation of the Metropolitan Insurance Group." Old George watched the futures price slowly fall, and he couldn't help but feel a little aggrieved.
(The first update will be delivered.) )