Chapter XVII
After investing in a few more funds specializing in real estate bonds, Zhong Shi got up and left the small dance hall, politely declined the invitation to continue the reception, and returned to Hu Ping's temporarily rented office.
Despite the fact that it was already night, most of the traders had not left, and they were all very excited while eating junk puffed food and talking loudly.
After months of planning, their group of "stragglers" finally succeeded in sniping at the position of the Immortal Fund, although it seems that the market has fallen sharply due to irresistible factors, but who would attribute these things to luck?
"What is the situation, and why is there a sharp decline in the natural gas market today?"
As soon as he entered the door, Zhong Shi looked at this group of people who were almost dissolute, and was also infected by their heartfelt joy, and after greeting them one by one with a smile, he pulled Hu Ping aside and asked solemnly.
"Mr. Zhong, look at this!"
In the face of huge interests, Hu Ping couldn't keep a rational heart, and after squeezing his eyebrows at Zhong Shi, he took a thick magazine and slammed it in front of Zhong Shi.
After glancing at the other party suspiciously, Zhong Shi took the magazine, flipped through a few pages roughly, and showed a sudden expression of realization on his face, "Is this report the reason for today's big fall?" Warm winter, so that's it! â
"No, no, no, these are appearances." Hu Ping's face was straight, and he said sternly, "Actually, don't you think this article is very problematic?" There is no problem with the timing alone, and there is nothing wrong with the meteorological model. But in this issue, the article mentions 'warm winter'. â
"What do you mean?" Zhong Shi's heart sank slightly, and he faintly thought of something.
Hu Ping looked around and made sure that his words would not be heard by others, so he lowered his voice and said: "According to the information of my acquaintance and friend at the Meteorological Bureau, in fact, this meteorological model was put into detection as early as three months ago, but it has never been made public. It would be reasonable to say that it would be made public when the time is ripe, but I always feel that there should be some conspiracy behind this, otherwise it would never be such a coincidence. â
"Someone is manipulating the disclosure of information behind the scenes. Waiting for the right moment? Zhongshi groaned. After a moment, he asked in confusion, "If that's the case, then doesn't it mean that they know the strategy and position of the withering flower, and have been plotting to snipe at each other in the market." It's just because of timing and other reasons. Didn't act early? â
"Not bad. I think so too! â
Hu Ping touched his hair, and his expression had become a little shocked, "There was a position in September and October that was besieged for a while. But it was directly defeated by a hurricane news, and I originally thought that the news was released by the withered fund, but now it seems that there may be another black hand behind it. â
"His purpose was to make Bond. Hunter is getting bigger and bigger, so big that in the end even he can't control his position, and then obliterate the other party in one fell swoop? â
For the intrigues and tricks in the financial market, Zhong Shi is naturally a master. However, if you speculate according to Hu Ping's logic, if there is another master behind the collapse of a large number of hedge funds such as the Muyan Fund, I am afraid that the whole thing will become completely different. Although Zhong Shi has been more or less involved in the manipulation of the market, he has never thought about it, and naturally he will not do it. In order to obtain the greatest possible benefits, in the process of luring the other party into a dead end step by step, some people did not hesitate to launch a reshuffle and threw some institutions out like cannon fodder.
This kind of strategy and scheming is really scary.
Of course, there must be prerequisites for this to be possible, such as not having too much money to participate in a market with a high barrier to entry, at least relative to other markets. In addition, he must strictly control the sources of information that affect an important factor in the market, etc.
"According to your analysis, who is the other party?"
Zhong Shi thought about it again and again, and didn't have the slightest clue about the identity of the other party, after all, his understanding of this market was not enough at all, let alone those predators who basically didn't emerge lightly.
"John. Arnold, he should be counted as one of them, the others, Ackerman may also be counted as one, and Chicago's Bickerman, maybe he is also involved. But I'm not sure Arnold is the most suspicious of them all, after all, his fund is focused on the gas market. â
Hu Ping tilted his head and thought for a long time, and after chanting the names of several people, he suddenly screamed, and his face changed a little, "I also called John before, wanting to use psychological tactics to lure him into joining the battle group. But if my analysis is true, and the other party has long been eyeing the withering flowers, then ......"
Speaking of this, he didn't dare to say any more, because he suddenly realized that he may have inadvertently played the role of the Mother Rock Fund, and he may have been purged from this market by the other party, but for some unknown reasons, he survived by luck.
"This is not necessarily, the Meteorological Bureau does not dare to hide from the sky and the sea, change the warm winter to the cold winter, at most it is just to delay the release time." Zhong Shi already had some understanding, smiled slightly, and said nonchalantly, "Maybe they borrowed our momentum, and they didn't have enough courage and financial resources to compete with the withered flowers in the front, so let us charge ahead, and they quietly put cold guns behind their backs." â
"It was after seeing that we fought to the death with the withered flowers that they threw out this news in a timely manner, because they felt that the time had come to close the net, which led to today's huge decline."
Hu Ping turned his head and thought about it, and also felt that what Zhong Shi said was reasonable, but the next moment he continued to ask: "If this progress continues, will they spread the news of the huge loss of the fund's position at this time, and take the opportunity to mobilize the entire market to attack their natural gas position?" You know, in this case, the lethality of rumors to the Withering Fund is as great as a nuclear bomb. â
"Probably not, after all, not withering flowers now hasn't really hurt the muscles and bones." Zhong Shi thought about it. categorically denied his prediction, but he then said with certainty, "If the other party really wants to destroy this part of the position, there will definitely be further action, let's wait and see!" â
Hu Ping nodded silently.
âŚâŚ
On September 15, affected by the violent shocks of the previous day, the price of natural gas futures today was slightly raised. Arnold also did not intervene in the market in a big way, after all, all his goals have been achieved at present, and he just suppressed it when he felt that it was not good, and then quickly stopped. And because of the news of the warm winter. Even if the bulls want to do something in recent months, it is unlikely that the price of natural gas will last for September at $4.98, which is slightly higher than the opening price, or 2.05%.
But in the far moon. The spread between March and April next year narrows further. It shrank by another $0.3. This means that the fund has lost at least $300 million in its position, and more than $1 billion in wealth has been wiped out in two days.
In the early morning of the 16th, the sky was not completely bright. There are a lot of cars coming into Greenwich one after another. It's not a big place, and it's hard to see so many cars at this time, and the destination of these cars is naturally the office building of the Withered Fund. After receiving a call from the Unwilted Fund to sell its portfolio, Wall Street's investment banks sent their most savvy and capable analysts to assess and measure the value of the Unwilted Fund's portfolio.
Although the other party did not reveal a trace of tone on the phone, Wall Street analysts still did not understand that the withered fund must be in trouble.
"Jerry. Rice, this is Shaw. Kenny is an analyst in Goodman's commodities division. â
Nick personally received these shrewd and capable traders at the door, including Goodman, Stanley, Merrill Lynch, Kahman Brothers, JP Securities and many other Wall Street giants and some funds sent their representatives to discuss a plan in these two days to help the withered fund inject a cash flow while driving down the price.
The office area of the Withered Fund is located in a five-storey building in Greenwich Township, where there are not too many high-rise buildings, and it is very suitable for people to live in. With a population of only about 60,000, the city is one of the richest cities on the East Coast, where many CEOs and executives of large corporations, in addition to the hedge fund elite that can be found everywhere, have chosen to settle here, and the quiet and suitable environment is free from the encroachment of high-rise buildings.
Greenwich Avenue in the heart of the city is one of the busiest streets, with most hedge fund offices lining both sides of the street, and the vast open space behind it serves as a place for their daily gatherings, barbecues and even parking, which is mostly empty on weekdays. But today, the parking lot of the Withered Fund is densely packed with all kinds of cars, and some are even parked in the parking lot next door.
The two young and handsome analysts strode over, nodded at Nick, stretched out their hands to shake each other, took out their documents and showed them to Nick, and then said quickly: "We need information on capital allocation, of course, the more detailed the better, so that we can give a price as much as possible." â
"Okay, no problem!" Nick nodded, motioning for one of his attendants to lead them into the meeting room.
The roundtable-style room was filled with analysts from all over the world, who were gathering and talking about the portfolios at hand, some of which were natural gas, some of which were equities, and some of which were bonds. Now there are not so many withered funds, as long as they can raise funds as much as possible, even if the portfolio can be profitable in the long term, it will be sold at this time.
Once in the working state, these analysts are so engaged that they basically don't even have time to eat. And they also knew that there was not much time left for them, so soon the bright and clean conference room became messy, and all kinds of food and beverage packaging, materials, etc. began to be thrown away haphazardly, including some cigarette butts.
In the miasma, Nick's eyes slowly narrowed, and he had a feeling that his fund might be able to get out of this crisis.
After a full day of discussions, some people left, some stayed, and those who remained would continue to negotiate with the Immortal Fund.
"We are very interested in the natural gas contract position, but for the long contract in March, the quotation of 40,000 lots, we gave a quotation of 380 million US dollars, what do you think?"
After a full day of discussion, Shaw. Kenny's face was still bright, showing no signs of tiredness, and Jerry was beside him. The same goes for Rice.
Hearing the price, Nick's brow gradually raised, and it was clear that he was not satisfied. Because at least so far, although the position in March has lost slightly, the overall value is definitely more than that, and he knows very well that the other party is driving down the price. (To be continued......)
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