As the saying goes, there is a specialization in the art industry, just like doing stocks and doing futures are not the same thing in terms of research and strategy. Even in the same market, different types of futures are very different in terms of fundamental research, jishu analysis, and operation strategies. Therefore, when Maxim heard that the brokerage channel of different futures varieties was opened, the shock in his heart can be imagined.

If there is a connection between stocks and stock index futures, then the connection between crude oil and copper is not so close. One of the main battlefields is in New York, and the other is in London, Maxim will not think that opening the LME brokerage channel is to do other varieties, after all, the trading volume of copper futures in this exchange is the largest, accounting for almost ninety percent of the entire Shijie copper futures trading volume. A large trading volume means that the amount of funds that can be accommodated is also large, and the room for making a profit is naturally large.

After listening to Zhong Shi's introduction to the amount of funds in Tianyu Japan, Maxim thought that in addition to Japan, there are several funds such as Europe, America, and China Growth, and there are still five or six billion dollars of funds that have not been explained, although Zhong Shi does not need to explain to him, a quasi-fund manager, but the shrewd Maxim quickly deduced from the words just now that there are only a few markets that can accommodate such a large amount of money in a single transaction: crude oil, gold, copper, stock index futures, bonds, and so on.

Today's financial markets are not as developed as in later generations, and their ties with each other are not as close as they were later, and the bond market is the one that can accommodate the largest amount of funds, especially since the 80s, the junk bond market has developed rapidly, driving a large number of financial institutions to enter this market. But. The focus of investment has now shifted from junk bonds to monetary mechanisms.

"We do everything, as long as it is profitable!" Zhong Shi looked at Maxim with a shocked face, and said lightly, and at the end he seemed to remember something again, and turned his head to add, "By the way, I forgot to tell you that the first transaction of Tianyu Capital has been completed, and it is a bullish yen option." ”

"Bullish on the yen?" Maxim was stunned again. Although he hasn't paid attention to the Japanese stock market for a long time, he still has some idea of the recent trend of the yen. Benefiting from the continued growth of the U.S. economy. The yen's exchange rate against the US dollar has weakened in recent months, due to the strengthening of demand in the United States, and the growth of the domestic market by increasing the market share of the Japanese side through the depreciation of the yen, stimulating exports and boosting the growth of the domestic market.

Zhong Shi gave Maxim a deep look. He said a little nonchalantly: "For the decision I made." It's better that you don't question. All right. You can now go find an apartment or something, remember, don't question my decision! "Say it. Maxim walked away in a look of helplessness and incomprehension.

In addition to the Japanese fund, there are several other funds that need to be determined, and Zhong Shi has been busy for this time, and finally has all the fund manager-level candidates decided before he flies to Chicago again.

In terms of Japanese funds, there are three fund managers, namely Maxim, Taio Sato and Koo Shizhong. Among them, Taio Sato is a senior analyst recruited from Nomura Securities, and Gu Shizhong is from Yizhou, who has studied in Japan for many years, and before that, he also worked for Nomura Securities. The three of them jointly hold a capital of 100 million US dollars, of which Maxim and Taio Sato are 40 million US dollars, and Gu Shizhong, who is slightly inferior in seniority, is 20 million US dollars.

Under them, there are five industry analysts recruited from investment banks such as Nomura, Peregrine, Macquarie, etc., each responsible for the analysis of several industries, and one of them is dedicated to the study of Nikkei futures, and the research reports are shared with each other. It stands to reason that such a small research team is responsible for so many industries and companies seems very unreliable. But don't forget, behind each fund is the research team of the investment bank to do the support, who makes them a buyer's market!

As funds that use their brokerage channels, investment banks have spared no effort to support them in terms of research reports, commission rates, and primary market subscriptions, after all, proprietary business is far from becoming their main means of profit in these years. The traditional investment banking business is the biggest profit point for IPO (initial public offering), and the strong support of the fund is required from the issuance, price negotiation to the final listing.

The team alone spends more than $1.5 million a year, but the fund's annual fixed management fee of 1.5% is quite breakeven from that perspective.

The same is true for the Euro-Spatial fund, which is managed by three white senior traders from Merrill Lynch, UBS and HSBC, with seven junior analysts. Unlike Japanese funds, they do not need to study the index, after all, there are margin projects in the European and American markets, and to some extent, they can hedge risks by shorting.

Tianyu China Growth Fund is all Chinese fund managers, which is related to the abundance of financial talents in Hong Kong, and the research department is all from Peregrine, these people have been immersed in the Hong Kong market for many years and are familiar with the local rules of the game, which is one of the reasons why Zhongshi Weishenme recruited them.

In terms of capital allocation, Skyline International Holdings invested $50 million in each of its funds in three different markets, and the Japanese fund also included a Japanese company with inextricable ties to Nomura, in addition to these two investors, HSBC's private division also invested some of the capital. European and American funds are covered by HSBC, Standard Chartered and Macquarie, as well as some funds from Yuedong. In addition to the investment of an investment company in eastern Guangdong, there are also local investors such as Peregrine, Bank of China Hong Kong, and some large customers who have listened to the advice of private banks.

Naturally, these financial institutions do not use the name of their companies, but they have some connections in private, such as Merrill Lynch's asset management department invested $5 million in European and American funds, just for the sake of their former senior traders, current fund managers.

The rest, including Liao Chengde, Andrew, Li Mingyang and others, are fully managed by Zhongshi, with a scale of as much as 900 million US dollars, most of which are Zhongshi's own funds.

Although Zhong Shi once advertised internally that this fund is only open to internal employees, how can these people who have been in the industry for several years easily believe Huangkou Xiaoer's "big words"? When Liao Xiaohua talked to Zhong Shi with some indignation, Zhong Shi just smiled faintly, the amount of funds is large, and it is difficult to get a high rate of return, but once there is such an opportunity and captures it, it is enough for these people to change their original intentions.

In the mainland, the business of Huade real estate is also carried out in an orderly manner, which has been signed with the investment agreement of Jiangdong City, the two sides agreed to build a large-scale film and television base in Jiangdong City in the next ten years with an annual investment of 100 million US dollars, and cooperated with Zhang Wei in Nandu to set up a cultural communication Co., Ltd., the registered capital of 5 million yuan of cultural communication company is naturally fully funded by Zhongshi, Zhang Wei nominally occupies 10% of the shares, hanging the title of deputy general manager, Most of the recruited personnel come from professional organizations such as TV stations and advertising agencies.

This kind of investment is purely petty, and Zhong Shi didn't take this company seriously at all, so he let Zhang Wei toss it around. At this time, he really did not carefully start the construction of the real estate company, one is that the time is really too busy, and the other is that the current domestic real estate market is in a depression, and the lessons of 93 years are still vivid, so that most of the real estate market can only curl up in the first-tier cities for development.

At present, there is a wholly-owned real estate company in the hands of Zhong Shi, with total assets of about 5 billion Hong Kong dollars, which is due to the development in the mainland for most of the past six months; In addition, there is a capital management company, most of which is Zhongshi's own funds, and there are a number of offshore companies, which are basically the kind of single shareholders and do not make industrial investments.

Do the math, in addition to the $1 billion invested in the European bond market and the $1 billion invested in Tianyu Capital, the current Zhongshi has more than $1 billion in the account, and these capitals should find a haode investment direction as soon as possible, knowing that putting cash in the bank to eat interest is the most stupid way to invest.

"There seem to be signs of a collapse in the US Treasury market lately? Isn't that time coming? Zhong Shi sat on the plane and thought silently, although his eyes were covered by an eye patch, his heart was very transparent. For a trader who was a trader in the bond market in his previous life, he is naturally familiar with the sharp fluctuations in yields on which bonds in which years, and the collapse of the bond market in '94 due to the Fed's unexpected interest rate hike is coming, which makes him think about it and can't help but be a little excited, knowing that he was not qualified to participate in this crash back then, and now it is the right time.

Every market collapse is a redistribution of wealth, without exception, and even in later generations, certain countries and shili do not hesitate to start wars for the redistribution of wealth. Some wars under the banner of "saving people from fire and water" have ulterior motives behind them, and it is appalling to say them. Not to mention anything else, just talking about the Icelandic debt crisis, according to Zhong Shi's understanding at the time, it was a senior partner in the London department of Goodman & Co. who covered it up through some kind of debt means, and even delayed it for a long time, but it couldn't contain the fire in the paper, and it was finally revealed.

Of course, the timing of the revelation is also very interesting, just when there was a series of appalling crises of confidence in the United States, and then the European debt exploded one after another, so that most of the regimes and bonds in Europe were covered with a credit crisis, and what the final direction was, Zhong Shi did not know in his previous life, but he could imagine that it was definitely an increasingly serious situation. (To be continued......)

PS: Thank you for the monthly pass support of the melancholy woman of the book friend! And thank you for the re-tipping that made me think about it!