Chapter 193 - The First Hedge Fund (4)

"Zhong Sheng, something is wrong!"

When Jiang Shan rushed into Zhong Shi's office, he saw him sitting in front of the sofa chair, looking at the Wall Street Journal with a frown. Jiang Shan took a cursory glance and found that the content was about bonds.

Zhong Shi shook the newspaper, closed it slowly, gently put it on the table, picked up the coffee on the table and took a sip, and then asked slowly, "What happened?" ”

Seeing Zhong Shi's calm posture, Jiang Shan inexplicably gained a little more confidence, and his heart was no longer so anxious, and after slowly sitting down, he replied: "According to the news that our traders have obtained from the market, many institutions are inquiring about the movements of Tianyu Fund, especially in the bond market. ”

"What do they want to do?"

Zhong Shi touched the tip of his nose, his expression was blank, and he didn't understand what Jiang Shan wanted to say for a while, "What are they doing to find out about us?" ”

"I don't know!"

Jiang Shan frowned and shook his head incessantly, "Traders told me that bond traders in the market are looking around around the corner about the situation of the Tianyu Fund when they are trading with them. This had never happened before, and they thought it was very abnormal, so they reported it to me. ”

"Could it be that they know about our performance and want to follow suit?" Zhong Shi touched his face and said extremely narcissistically.

Based on the current liquidity, Tianyu Fund has gathered about $50 billion in cash through a large number of sales a year ago, and after this year's operation, the current fund scale has risen to about $65 billion, with a yield of nearly 30%. Based on the size of this fund and the average return of the entire industry this year, this yield may not necessarily rank in the top ten, but it is definitely the most eye-catching.

The vast majority of the $15 billion in revenue came from Bell Stone's operations. In particular, short several major investment banks and commodity futures in the United States. There is also the largest amount of money "extorted" from the Porsche Group. Of course, it is impossible for the outside world to know the specific profit composition.

"It's unlikely......"

Jiang Shan was speechless, hesitated for a moment, but couldn't help but break Zhong Shi's illusion, "Zhong Sheng, I don't think the situation is what you think." ”

"What's that like?"

Interrupted by the country's fantasy. Zhong Shi was slightly unhappy, his face turned straight at the moment, and he asked seriously, "You just said that the traders are probing our internal situation, and it's also the trend of bonds, right?" ”

Without waiting for Jiang Shan to answer, Zhong Shi's eyes flashed, and when he saw the "Wall Street Journal" on the table, he realized something. Knocking on the table, he said, "You came just in time, there was a report in the newspaper today, and I looked a little surprised." It just so happens that you have also come to see it, and I think this article seems to mean something. ”

"Really?"

Jiang Shan hurriedly shook off the newspaper and swept it through three lines and two lines, and soon his brows frowned, and his expression became cold and serious.

"The 10-year Treasury market yields are abnormal, and it's likely that a sovereign fund is buying it aggressively. Or is it the influx of safe-haven funds' seems to mean something, isn't it...... Are you talking about us? ”

"I don't know!"

Zhong Shi patted his forehead vigorously. After carefully thinking about each link, after determining that it was impossible to leak secrets, he said puzzledly, "Logically speaking, this kind of statement cannot be untargeted." But I really can't understand why the spearhead is aimed at us? ”

Zhong Shi naturally didn't know. His actions have been inadvertently influenced and pulled by Soros. Naturally, Zhong Shi would never admit it, because in addition to being inadvertently pulled by Soros, he also guessed another possibility, and this possibility has been confirmed.

So anyway. It is impossible for Bell Stone to retreat.

"If this article is an article, doesn't it mean that we are now becoming the focus of the market and being besieged by many institutions?"

Seeing Zhong Shi's uncertain face, Jiang Shan thought about it for a while, and finally mustered up the courage to say, "If that's the case, then wouldn't we become the target of everyone?" ”

What it would be like to be besieged, Zhong Shi and Jiang Shan know very well, there are many similar things that have happened in history, and each one has a not very good ending. The best outcome is the liquidation of the entire fund, and even worse, the entire fund is dragged down and liquidated, and the worst of all, the fund manager or even the trader may be sued.

Of course, Jiangshan will not think that a mere $10 billion position can defeat the Tianyu Fund, because the investment situation of treasury bonds is different from others, and in the absence of leverage, the most unfortunate thing is to hold treasury bonds to maturity and collect principal and interest. If there is leverage, the situation is another story.

In addition, Jiang Shan inevitably complained about Zhong Shi's thoughts in his heart, if it weren't for Zhong Shi's insistence on buying instead of selling, Tianyu Fund would not have fallen into this situation now. Jiang Shan does not think that Tianyu Fund has the power to compete with the market. But he could only think about these words in his heart, and he definitely would not say them. One is that Zhong Shi's long-term accumulation of power makes him unable to speak, and the other is that these regretful words are useless to things, and it is useless to say them, and reasonable people will not say them.

"If that's the case, I'll play with them!"

What stunned Jiang Shan was that after Zhong Shi heard it, not only did he not have a sense of crisis, but he was full of interest and eager to try, which made Jiang Shan not know what to say.

"If it's true, the whole thing is going to be a lot more interesting!"

Zhong Shi didn't seem to see Jiang Shan's sad face, but the more he talked, the more interested he became, "I hope the whole thing is true." It would be nice if they could sell me all the bonds they could borrow, so things would be more interesting. ”

"Are you crazy?"

Jiang Shan finally couldn't help it anymore and said, "Zhong Sheng, do you know what you're talking about?" If this is true, it means that we are competing with the market as a whole. Do you know what you're doing? The bond market is different from other capital markets, and even if we fill in all our capital, we may not even make a wave. Zhong Sheng, you have to think about it! ”

"Don't think about it, this matter is decided!"

At a critical moment, Zhong Shi put on an attitude of having the final say. With a wave of his hand, he made a rough decision. But the next moment, after he looked at the disappointed look on Jiang Shan's face, he blinked weirdly, and made a rare grimace, "Don't worry." I have a sense of proportion. ”

"Measured?" Jiang Shan rarely retorted, "Being measured does not mean that there are funds, if they consume all our funds, what will we do then?" ”

"You don't have to worry about the funds, I'm a member of the Alliance!"

Zhong Shi patted Jiang Shan's shoulder and said with relief, "Don't worry, this ally of mine, no one can be richer than them!" They are the richest institution on the planet! is the richest. Not one of them! Okay, now get your ass off the line and get ready to buy bonds! ”

"The richest institution?"

The bewildered Jiangshan, looking at Zhong Shi, who was full of confidence, had to choose to leave. Scratching his head, he couldn't figure out who Zhongshi's allies were.

On the 29th, there was a changing situation at the beginning.

As soon as the market opened, a 10-year Treasury bond of 500 million US dollars was sold sideways in the market. It immediately detonated the mood of the entire market, as if it was blowing the horn of attack. Immediately afterwards, dozens of sell orders with an amount of hundreds of millions of dollars also appeared on the side of the sell order.

In less than five minutes, the seller has gathered a huge order of more than a billion dollars. The yield on the 10-year Treasury note has risen sharply in the amount of time it has risen by 18 basis points, from 3.65% to 3.83%, and has not lost the slightest bit of momentum. There is a trend of a direct impact of 4%.

"Shall we take it or not?"

Traders are helpless to watch the yield curve rise rapidly, while buyers can only see that they are slowly consuming the sell order, as if they were moving mountains. Despite their hard work, they can't even touch the foundation of these sell orders.

The traders were shocked, and at the same time they all felt a faint uneasiness, for the market in the past two days, as the front-line warriors, they naturally have the most experience. The two days of selling orders were significantly higher than previous volumes, and traders who were basically familiar with them were pitching their bonds to Tianyu Fund, which was unimaginable in the past.

Seeing the arrival of the country, the traders seemed to have taken a reassuring pill and invariably breathed a sigh of relief. However, they were quite disciplined and did not make a loud noise, just silently watched Jiangshan and waited for his instructions.

"Go all in!"

Jiang Shan only said one sentence, which immediately ignited the passion of the traders, "Buy with all your might, it's best not to borrow leverage, but if the situation is urgent, even if you use leverage, you have to follow!" ”

Traders have been gearing up for a long time, waiting for a long time, and naturally they will not be unceremonious after receiving the order, and they can't wait to place orders. As traders of Tianyu Fund, they have a kind of confidence and arrogance compared with traders of other funds. This is not only because they have a large amount of money at their disposal, but also because they know that even if it is a big disaster, there is a bell stone to cover it.

Jiang Shan entered Zhong Shi's office, and they all saw it. Now Jiangshan has issued such an order, obviously with Zhong Shi's approval. In this case, as long as they are relieved to operate boldly, the rest will be handled by Zhongshi.

The funds of the Tianyu Fund soon appeared in the market, and the wind and clouds generally swept away the sale order, and the speed was incredible. In two minutes, the sell order that was originally like Mount Tai on the sell order completely disappeared!

The real battle begins! (To be continued......)

PS: PS: I've been a little busy lately, and I'm sure everyone has heard about the arrest of Zexi Xu Xiang, the super predator in the capital market. Xu Xiang, I don't need to introduce more, you can Baidu by yourself, or search for related news. What I want to say is that the sensation of this incident is basically equivalent to putting a nuclear bomb in the market, you must know that this person's performance is like a god. And just now, a series of his off-the-market tricks were exposed, including soliciting "Group B" to get information. Among them, a former female star was exposed. Think about our bell stone, it's really as simple as a blank sheet of paper. Ha ha~