On Wall Street after the 1987 stock market crash, there was a rumor circulating among hedge funds that a consortium from Hong Kong, which was said to have nearly a billion dollars in cash, was looking for a hedge fund with good returns.

At this time, the entire hedge fund industry has become a sensation, and many big-name funds, including Quantum Fund, have probed the authenticity of the news and pulled investment funds for themselves.

For hedge funds, management fees and excess sharing are the basis for survival, and the larger the amount of the fund, the more money is earned for this fund.

Generally speaking, when money is invested in a hedge fund, it has to sign a contract that is much more stringent than that of a public fund, one of which is 2-20, that is, a management fee of 2% per year, and 20% of the excess return.

However, these are all based on the increase in the income of this fund compared with the previous year, if the fund has no income in this year, then according to the agreement will not get a penny, if the loss is serious, there are even investors who ask for redemption.

Investors are the most realistic!

The news was released by the investment banking department of HSBC at the behest of Zhong Shi, and when Zhong Shi deposited the entire 100 million Hong Kong dollars in cash into the account opened by HSBC, the astute HSBC relationship manager immediately came to the door and introduced his bank's wealth management business with a smile.

On the morning of the 20th, the chairman of the Hong Kong Stock Exchange, after consulting the Financial Secretary, the Financial Secretary and other officials, announced that the Hong Kong stock market would be closed for four days, and the next trading session would be on the 26th.

He did this partly to give investors some time to digest the panic caused by the collapse of the US stock market, and on the other hand, to settle the situation.

As a result, as soon as the market opened on 26 October, the Hong Kong stock market still did not escape the fate of a sharp decline, and even plummeted by more than 1,000 points in one day, losing more than 30% of its market value, setting a record for the largest decline in Hong Kong stocks in history.

Zhong Shi and Liao Chengde's futures sell orders naturally made a lot of money.

In December, when the closing day was approaching, Liao Chengde had earned hundreds of millions of Hong Kong dollars in his account. And Zhong Shi is even more terrifying, and the 10,000 sell orders in his hand have earned nearly one billion Hong Kong dollars.

One billion Hong Kong dollars in US dollars is only less than 200 million US dollars, which is not worth mentioning compared to what Zhongshi has earned in the US market.

Even so, it was enough for the Liao father and son to bow and worship.

Liao Chengde's intestines are about to regret it, he knew that Hong Kong stocks had fallen like this, and he had to hold more sell orders if he said anything. It's just that Shijie has never regretted the medicine, and he should be satisfied with the hundreds of millions of profits.

After following Zhong Shi's advice, Liao Chengde did not hesitate to convert the cash into stocks of large real estate companies and banking companies in Hong Kong, and nearly 20% of the funds were sold everywhere.

Naturally, most of Zhongshi's profits were converted into yen and invested in the Japanese capital market, and a small part was invested in the Hong Kong real estate market.

In the case of the stock market crash, Hong Kong's property market is like a frightened bird, and housing prices are falling rapidly, which is a good time to buy the bottom. Hong Kong's property market will experience ups and downs in certain periods of time, and there is a great relationship between housing prices and the stock market.

And Liao Chengde, who sells properties everywhere, has also been named a "real estate king" by the media, which is more suitable for the bosses of those large real estate companies. It's just that Liao Chengde has a son who is very famous in the entertainment industry, and he is very conspicuous when he is in a recession, and he is particularly conspicuous, so he is given such a title.

In fact, most of the real estate collected by Liao Chengde was collected by Zhongshi, but where did outsiders know these doorways, and they counted these real estate projects in Liao Chengde's name, zuihou Hong Kong media made a rough calculation, and found that Liao Chengde actually acquired more than 300 million real estate on several islands in Hong Kong, and even some buildings were acquired by the entire floor.

As for Liao Xiaohua, he changed his routine, committed himself to a national accounting firm, and worked diligently to start a "free worker", which means those jobs that are not for a living.

However, his connection with the entertainment industry has not been interrupted, and from time to time, reporters will still take photos of him dating popular female stars.

That's all for later.

When he heard that the money was obtained in the Hang Seng Index market, the relationship manager at HSBC hid and stopped selling his wealth management. People like this who can be very successful in the futures index will not look at the income of a few points a year in the bank's wealth management department.

After HSBC released the news in the North American capital market, many North American hedge fund managers rushed to Hong Kong to get a piece of this sky-high capital.

At this time, Zhong Shi had already returned to the mainland and started a good child at home, and all the affairs of Hong Kong were handed over to Zhong Yi. Naturally, for those funds that became famous in later generations, he left a list, and even the corresponding investment shares were clearly stated.

On this day, two white men from the United States came, and one of them was already so old that he even had a gray beard. The other is also a middle-aged man in his forties, and his face is full of anxiety.

If people in the American mathematical community were here, they would know that the old man was James Brown, who had won the "Fields Medal". Simmons, one of the former geniuses of mathematics. In recent years, James. Instead of academia, Simmons has gone into business and hedge funds.

Renaissance Technology Company, which has recruited a large number of non-financial professionals such as mathematics, physics, and cryptography, opened a few years ago, and its annualized income is not bad, but it is facing losses this year, and many of them have given up their share in the company and left Renaissance Technology with cash.

James. Simmons felt desperate for a while, and even thought of disbanding Renaissance Technology, but when he heard that there was a consortium in Hong Kong looking for investment partners, it was as if he saw a ray of light in the darkness and couldn't wait to rush to Hong Kong.

When he saw this young and handsome-looking potential investor, Simmons' heart was tight, and he thought that there was no drama, but he thought that Zhong Yi just exchanged a few words, and happily invested 50 million US dollars in their fund.

Zhongyi just voted for Renaissance Technology as Zhong Shi was instructed when he left, but what Zhongyi didn't know was that he missed the best opportunity to enter the "Medallion" fund.

The "Medallion" fund is a fund that Renaissance Technology is specially open to insiders of the fund, and only manages the assets of insiders, but in this year, Simmons also moved the idea of accepting external funds, who would have thought that the other party did not care about the contract, but just took a cursory look at it, and signed it happily.

In this way, Bell Stone's funds are unfortunately missed out on the "Medal".

Hedge fund managers from all over the U.S. flocked to Hong Kong, some disappointed, others leaving happy.

Among these people, Zhong Yi actually met a former acquaintance, Raymond of Bridgewater United. Dario.

It's a bit funny to say, when the two met, Dario didn't recognize the young man dressed as Sven in front of him, and only praised his fund for its high returns.

It wasn't until Zhong Yi interrupted his narration with a smile and took the initiative to talk about his fate in Beijing three or four years ago that Dario reacted that the owner in front of him was actually the student who received him in Huaxia.

In just three years, the former teenager has become the owner of the hedge fund industry, and such a change has surprised Dario, who has seen countless big scenes.

Through public relations and publicity in Japan for Shijie Bank and General Motors, Dario, who was indirectly instructed by Zhongshi, now has a billion-dollar fund under Bridgewater's management.

According to Zhong Shi's instructions, Zhong Yi did not hesitate to invest 200 million US dollars in Bridgewater, so that this capital became the largest share of individual investors.

Dario was also overjoyed, and after some pleasantries, he left Hong Kong happily.

Zhongshi has about $900 million in funds in the United States, and about $800 million after deducting capital gains taxes, and has at least $700 million in cash left after investing in the U.S. capital market and buying a lot of ultra-cheap cattle stocks.

The Quantum Fund also sent people, but it was not Soros who came in person, and he happily invested $100 million in it.

Countless hedge funds that became famous in later generations either visited in person or sent people over, and preferred to invest their funds in different proportions according to the instructions left by Zhong Shi.

Tiger Fund, Caxton Hedge Fund, Tudor Futures Fund, Moore Capital Management, Ferraron Capital Management, and even David Shaw, the founder of the Shaw Hedge Fund, which is still in the pipeline, also approached the door and invested money one by one.

After more than two months, 700 million capital has found its next home, and it has also completed Zhongshi's largest layout of the hedge fund industry.

In fact, many hedge funds close when they reach a certain amount, and it is difficult to enter in this case, and only in times of crisis, those hedge funds will be opened, because at such times, what they fear most is large-scale redemption by investors.

Investors who are willing to inject money at this time have a lot of leverage to bargain, but Zhong Shi did not do so, because he knows that these hedge funds will have quite high returns in the coming years or even decades. For that alone, he's earned it.

Now is the time for him to take a leisurely vacation, and the next time such an opportunity comes in Japan, where the bubble is growing.

By the end of 1987, everything had been arranged, and Zhong Yi had finished his first semester at HKU, returning from the south of his twenties to his hometown of minus a few degrees Celsius, and it was about to be the Chinese New Year!

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