In fact, Julian Robertson was on a conference call with the managers of several large hedge funds to discuss the next step in attacking Hong Kong.

"Julian, do you really think this is possible? You must know that even now, we lose a little bit to close the Hong Kong stock futures on hand, and we will eventually make a lot of money! "Paul. Tudor. After listening to Julian Robertson's plan, Jones gasped, and his face was full of shock.

Speaking of Paul. Tudor. Jones is also a well-known role in the capital market, and his ruthlessness is not even inferior to Soros, if it is not limited by the scale of the funds under management, then he is likely to replace the leadership of Soros and Julian Robertson.

Speaking of which, because of his own philosophical thoughts, Soros still has some scruples in mind when shorting the currencies of Southeast Asian countries. But like Julian Robertson or Paul. Tudor. People like Jones are purely interested in maximizing profits, and they don't even think about what kind of impact their actions will have on ordinary people in Southeast Asia. They are the purest investment managers, but also one of the most cold-blooded groups.

And the reason why Soros has been criticized is nothing more than because he is too famous, and he has the most short positions, although these positions only occupy a small percentage compared to the scale of his funds under management, but the world does not value these. And Soros's high-profile response also put him in the spotlight, and people like Julian Robertson or Paul Ros. Tudor. Characters like Jones simply ignore the media attention, and only a few insiders know exactly what they've done.

Arguably. In the capital market, there is nothing that this group of people dare not do.

But now, even like Paul. Tudor. Big players like Jones are shocked and frightened, and you can imagine how terrifying Julian Robertson's plan is.

"Moreover, the cost of recovering Hong Kong dollars is much higher, and with the interest rate of these two days, I am skeptical that we will be able to make a profit in the end!" After a slight pause, Paul. Tudor. Jones added.

"Come on. Paul! ”

Julian Robertson patted his head. I couldn't help but complain loudly: "Although I don't know your position, there should be at least 10,000 short orders." As it stands, you make at least a profit of around $400 million, which is more than enough to cover your losses in the currency market. If I'm not mistaken. Right now. There is another great opportunity in front of you. I don't believe you'll miss it? ”

Thanks to Julian Robertson and Paul. Tudor. Jones was the big two on the call, so the others had to listen patiently to what they had to say, even if they had questions in their minds.

"Hey, hey, hey!"

Paul. Tudor. Jones neither denied it. didn't admit it, just laughed vigorously, and only after a long time did he change his tone and said slowly: "Julian, I believe that your performance will only be more than mine, not less than me." If it weren't for the SEC, I would have wanted to make some money in New York. But are you really sure that once this matter is announced, it will have an impact on the Hong Kong market? In addition to their regulatory authorities, even some of the companies that we have sold off have announced share repurchase plans, and releasing news in such a hurry may not achieve the results we want. ”

Julian Robertson apparently scoffed at this statement, chuckled disdainfully, and then said loudly, "Hey, guys, did you hear that?" Paul was so skeptical of my approach, should he kick him in the ass? ”

Everyone else laughed, and one of them exclaimed, "Yes, but how do we do that?" If I could kick him in public, I'd be more than happy to do it, even if it was for $1 million. ”

Seeing himself become the object of ridicule, Paul. Tudor. Jones was not annoyed either, and immediately retorted, "Really? I hear it, it's you, Griffin. If you really want to teach me a lesson, then let's go to the club on Long Island and bet a million dollars, maybe that's just the money to pay for your surgery, if you don't get killed by me. ”

"Really? Let's make an appointment! Maybe you'll also need a body bag, oversized, of course, to fit your fat body! Griffin didn't show any weakness and shot back causticly.

Kenneth. Griffin is a rising star in the hedge fund industry, the founder of Castle Investment Group, and his fund currently manages around $200 million, which is not a lot, but the yield is extremely impressive, reaching an average annualized rate of about 20%, which is enough to demonstrate his extraordinary investment ability.

As the two bickered, the other people who were watching burst into laughter and even whistled, and they were happy to see the situation because it was a pleasure in life. Americans are naturally aggressive and extremely aggressive, so no one will show weakness and retreat without touching their heads and breaking the blood flow. Even the most rational hedge fund managers are not immune to those who have grown up in this environment.

"Enough, guys!"

Seeing that the discussion had lost its original flavor, Julian Robertson let out a loud cry and brought the situation back on track: "Guys, since Paul is suspicious of my plan, shall we teach him a lesson?" In this way, we will sell all the Hong Kong stocks on hand tomorrow, and then make up for it when the plan is implemented, so that he can see the confidence index of Hong Kong investors. ”

In addition to the short positions that have been replenished one after another, these hedge funds also hold billions of Hong Kong dollars of stock spot in their hands, and if these are sold out one by one, I am afraid that it will cause a lot of shock in Hong Kong stocks. Naturally, these funds are nothing to them, and the essence of this proposal is not to sell, but to test the confidence of Hong Kong investors.

As soon as they heard Julian Robertson's proposal, the others were stunned, and then most of them groaned. This group of people is worthy of being the smartest in the investment field, and they quickly understood the deeper meaning of Julian Robertson's proposal, and couldn't help but think deeply.

Although these so-called international speculators have hoarded a large number of short selling orders in the futures market, the performance of the futures index market is still related to the spot market of Hong Kong stocks, that is, although there is a certain correlation, the performance of the futures index is not the most important. If you want the index to rise or fall, the most important thing is the performance of the Hong Kong stock spot market, especially the weighted stocks.

These people naturally understand these truths, and in September, they began to buy stocks of heavyweight stocks one after another, and at the same time borrowed stocks from brokerages to short, in this double guarantee and various negative news, as well as the impact of the foreign exchange market and many other factors, in order to suppress the Hang Seng Index to the current situation.

But now the problem arises, because so far their intended purpose has been achieved, and even surpassed. But the problem is that they don't have a lot of heavyweight stock chips on hand right now, which will have little impact on the broader market. The futures market will take time to close positions, and a large number of short positions will inevitably trigger a rebound of the bulls, so that their floating profits will inevitably be greatly reduced.

Time, they need time.

Therefore, at this time, it is inevitable to release a second piece of news at the right time, which must be shocking enough to cause panic among investors in the Hong Kong market, and then cause the stock market to plummet, so that they have enough time to close their short positions.

But as soon as Julian Robertson's solution came out, everyone was shocked. Tudor. Jones, an old guy who has been immersed in the market for many years, feels his scalp tingle, so you can imagine how shocking the news is.

Although the crowd was shocked at first, they quickly put this fear behind them out of the pursuit of profit, yes, what could be more fearful than not being able to make money! Therefore, just between the seemingly playful and angry scolding just now, everyone has accepted this plan in their hearts, otherwise they would not have the heart to ridicule and ridicule each other.

Now, there is only one problem left, that is, we must try our best to suppress the rising momentum of Hong Kong stocks before the implementation of this plan, and we must not let Hong Kong stocks rebound too strongly, otherwise the funds chasing up and the funds pulling down positions will enter the market at the same time, resulting in a sharp rise in Hong Kong stocks, which will greatly reduce the effect of their upcoming plan.

"Although this sell-off will cause us to lose money on the spot of Hong Kong stocks, Hong Kong is a special market, who knows when the next time will happen?" Julian Robertson said meaningfully.

In fact, when the Hong Kong stock market rebounded, the Tiger Fund sold the heavyweight stocks in its hands, although the price would be much lower than the previous purchase, but the Tiger Fund had set up a long and short portfolio that was almost the same. This also means that the higher the spot price of the stock, the more the Tiger Fund will earn, because the Tiger Fund bought back the shares borrowed from the brokerage at a very low price, and as long as the spot price of the stock held is high, the Tiger Fund will make more.

But now in order to suppress Hong Kong stocks, Tiger Fund has also had to sell these stocks at a low price, and even so, they can still make money on this portfolio.

While others, although they are not necessarily similar portfolios, most of them have invested heavily in the Hong Kong stock futures index, so as long as the index does not skyrocket by thousands of points, they are still the ones who make money.

After figuring out the stakes, the participants agreed to the plan in unison. And the implementation of this plan is also cleverly chosen, just next Monday, less than two days before the delivery of the Hong Kong stock futures index market in October.

On October 27, Hong Kong's Hang Seng Index began to fall after a surge in the previous trading day, falling below 11,000 points at the opening. By the end of the day, the Hang Seng Index had fallen by more than 640 points, or 5.8%, and the broader market closed at 10,498 points. (To be continued......)