The reason for extending the redemption period for investors is to stabilize the portfolio at a critical juncture, after all, many of the Tiger Fund's portfolios are still profitable, and there is no need to miss these opportunities in vain because of investors' sudden application for redemption.

Generally speaking, when the fund manages the funds, it signs relevant agreements with the entrusted clients, such as how long the funds just invested will be closed, and no redemption is allowed during this time period, so as to ensure that the portfolio can be carried out smoothly. After this closed period, investors choose to continue investing or redeeming according to the performance of the fund, and generally the time between the redemption request and the arrival of the funds depends on the provisions of each fund.

For the Tiger Fund, the original rule was one month, but now it has been changed to three months, because there are problems in the management of the fund. In order to avoid excessive volatility, so Julian. Robertson had to buy time in exchange for guò.

Naturally, this may have lost some investors, but the main body of the fund has been preserved. Robertson's personal prestige will be restored to his current level at some point in the future.

The tiger is not worried.

Zhong Shi is not worried, he does not pay attention to the recent tragic investment of Tiger Fund, because it is not his concern, in fact, Tiger Fund's more tragic moment has not happened. At this time, he was in the office, discussing the next steps with several cronies, including Maxim.

"If the BOJ side doesn't support the market tomorrow, what will we do then?" Ma Jiarui looked worried. As the main assistant to short the yen this time, when he saw the profit on the paper, he was so happy that he almost fainted. But soon, the euphoria turned into a state of apprehension, for he knew very well what was going on, and what he feared was that if BOJ didn't intervene, it wouldn't be long before the bumps would come to naught.

"No, they'll do it!" Zhong Shi categorically denied this possibility, "Such a God-given opportunity is placed in front of them, and they will definitely not miss it." Believe me. Right now. It's time to plan for the next step! ”

"What's next?"

"What's that?"

"What the hell are you talking about? Why can't I understand anything? ”

Suddenly, Ma Jiarui, Ren Ruowei and Maxim were all surprised, but their reactions were different. Among them, Ma Jiarui and Ren Ruowei are very familiar with the ins and outs of the whole thing, while Maxim does not understand it very well. So when Zhongshi said "next step". His eyes were confused. Confused.

"Explain it to him!" Zhong Shi took out a cigarette, lit it, took a leisurely puff, and then instructed Ren Ruoweidao. "Let's rest for a while, and when he fully understands, we'll continue with the conversation."

Ren Ruowei nodded, then pulled Maxim to the side, and began to explain something to him in a low voice, and with his explanation, Maxim's expression had a rich change, horror, fear, anger, uneasiness and other expressions appeared on his face one after another, the changes were so fast that people were dizzying, and Ma Jiarui was dumbfounded.

The explanation and the digestion time set aside were half an hour. When Maxim finally let out a long breath, Ren Ruowei's face finally showed a smile, patted him on the shoulder, and brought him to Zhong Shi.

At this time, Maxim no longer had the composure he had just now, and his gaze at Zhong Shi was dodgy, looking very unnatural. Since knowing so much of the inside story, Maxim has clearly realized that his boss has done so many things in secret, and the essence of many things is no different from challenging a country. In front of such a person, he will be somewhat afraid.

Although he has personally experienced the shorting of the Nikkei, the scope involved this time is too large, and there are many intrigues behind it, so even if Maxim's nerves are thick and his will is firm, he feels a little trembling at this time.

"Relax, man!" Zhong Shi chuckled and patted Maxim on the shoulder disapplausively, "It's just an economic war between countries, and we just happened to meet and went deep into it." At the end of the day, for us, this is just a once-in-a-lifetime opportunity to make money, and it has nothing to do with politics. ”

After saying a few more words, and finally calming Maxim, Zhong Shi turned his head and said to Ma Jiarui and Ren Ruowei on the side: "Two, do you think that at this time, international speculators have given up their coveting of Hong Kong?" ”

"What?"

"How is this possible?"

Zhong Shi's extraneous meaning was immediately captured by the two, Ma Jiarui and Ren Ruowei's faces suddenly changed greatly, and they blurted out their debuts in unison. And Maxim on the side also opened his mouth wide, and it was obvious that he also understood the meaning of Zhong Shi's words.

Ren Ruowei was the most anxious, and without waiting for Zhong Shi to explain, he crossed his fingers and calculated: "A loss of 500 million US dollars in the Hong Kong market, a loss of 1 billion US dollars in the Russian government bond market, and a lot of losses in the yen short, it is estimated that hundreds of millions of dollars should also be there." Taken together, the total number of these three items may be close to 2 billion US dollars, and in this case, they still dare to covet Hong Kong? ”

Since the specific positions and positions of the Tiger Fund are not known, they can only be estimated by their operating style and capital size. It's just that what Ren Ruowei didn't expect was that the amount of Tiger Fund's recent losses was far more than he estimated.

"Yes! How is this possible? Ma Jiarui also nodded in a timely manner, "In terms of the quantum fund, I am afraid that the loss is only a lot more than that of the Tiger Fund, in the case that these two head horses have lost to such a point, what they urgently need to do now is to appease the confidence of investors, rather than rashly launch an attack on the Hong Kong dollar again!" ”

I have to say that the analysis of the two makes a lot of sense, but Soros and Julian. Since Robertson has been able to manage money on such a large scale, it has to be said that he is indeed outstanding in terms of courage and strategy.

"Wrong!" Zhong Shi nodded first, indicating that they were right. Then he waved his hand and gently spit out a "wrong" word, which suddenly made the three of them look stunned.

"At times like these, common sense shouldn't be used to speculate about what they should do." Then Zhong Shi explained with a smile, "If I were Soros, I would definitely release my suspicions at this time and join forces with the other party to short the Hong Kong market again." Of course, this is also something that can only be considered when his personal prestige is at its peak, you must know that under his raise, a lot of money will flow into this market. So even if he is losing money now. But as long as the yen stabilizes, it is guaranteed that he will definitely do everything possible to find heavy investment opportunities to erase his previous losses. ”

"So, they're going to keep their eyes on Hong Kong. Wait until some time to strike again. And when that time comes. The situation is definitely a hundred times more dangerous than the previous one! In the end, Zhong Shi's face also became solemn, "Although the Hong Kong government's funds are not used much. The mainland can also provide some support when necessary, but for the entire market, it is still far from enough. As long as they target Hong Kong dollar futures and forwards, there will definitely be opportunities in the Hong Kong market. ”

"Hearing you say that, are we really just going to sit back and be helpless?" Ma Jiarui's face was pale and sweating like rain, he never imagined that even after the Hong Kong government announced the victory against international speculators, the shape was still so grim, "But this time, what should we do?" Now we don't have so much money to squander, can we just wait for death? ”

"yes, what are we going to do?" This time, not only Ma Jiarui and them, but even Maxim was in a hurry, and hurriedly asked, "Zhong Sheng, we should always have a way, shouldn't we?" You Chinese people often say that when the car reaches the end of the mountain, the road will appear, isn't that what it means? ”

"There must be a road before the car reaches the mountain!" Zhong Shi laughed and teased Maxim, "I really didn't expect you to learn to use Chinese idioms." Yes, I do have a way to keep them from coming back. ”

"Do you have a way?" Ma Jiarui's eyes suddenly lit up.

And Ren Ruowei was a little more anxious, and blurted out directly: "What is the solution?" Zhong Sheng hurriedly said come and listen, as long as we can keep our belongings, we will not hesitate to do anything now. ”

At this time, several people still don't understand that they have been tightly tied together, and the huge stock that is close to 5% of the market value of the Hong Kong stock market is the common interest between them.

"My solution is to ......" Zhong Shi jokingly sold a pass, and after scanning everyone's expressions one by one, he said with a smile, "It is to weaken Soros's personal prestige!" ”

……

Soros has been annoyed lately, very annoying.

Although he used a small trick in the Russian government bond market to make the Tiger Fund lose an additional $500 million, his huge position never escaped, and he lost a full $1.5 billion in the Russian government bond market, which is comparable to the Tiger Fund.

Coupled with the previous losses in the Hong Kong market, his losses during this period expanded to as much as 2.3 billion US dollars. What bothered him even more than these was that the appreciation of the yen without warning caught him off guard, and although he had tightened his position, the Quantum Fund still lost more than $600 million in yen foreign exchange in the past two days.

"Is the news of the yen reliable? Are they really going to enter the market and stabilize the yen at a certain level? Sitting in the spacious and comfortable chair, Soros's mind was full of lingering depression, which not only came from the huge financial loss, but also the words that Bell Stone had brought to Druckenmiller.

"You'll be hit back soon, trust me!" These are the original words that Bell Stone asked Druckenmiller to bring, not a word has been added, not a word has been reduced.

Originally, Soros didn't understand what it meant, and he didn't pay attention to it at all, but the sharp rise in the yen made him suddenly wake up, and then he realized the true meaning of this sentence.

"Does this guy have the ability to predict the future?" Soros thought to himself.

At this moment, Druckenmiller began to speak, "Boss, according to the news from Tokyo and Hong Kong, I'm afraid that this time it is indeed BOJ who is making trouble. According to their forecasts, this time the yen may rise to between 115 and 110 before the BOJ is willing to stop. It's the pressure that politicians put on them, and we didn't expect them to do it. ”

"What do you think we should do next to salvage the situation?" Despite hearing a higher exchange rate than the market expected, Soros remained unchanged, he knew very well that the loss of his position was a foregone conclusion, and now he could escape as much as he could, and the most important thing at the moment was to make new profits.

"I don't think there's one place right in front of me that can make such a huge profit!" Druckenmiller had a mysterious smile on his face, and said in a hypocritical manner, "I think you should know where it is, boss, too, right?" ”

"Not bad!" Soros nodded and shouted in a deep voice, "Hong Kong! (To be continued......)

PS: Thank you for the book friend Lan Yan _ and jett1968 for the monthly pass!