After the end of the Asian currency trading session on this day, Andrew's phone began to ring frequently, and Andrew, who was still a sad face, pretended to hold it on the phone as if he had changed someone, and his tone was both stiff and indifferent, and even a few times when he answered the phone, he was accidentally heard by the researcher, and he felt inexplicable, wondering why the director suddenly changed his face.

"Zhong Sheng, are you busy?" Just one day later, Andrew came to Zhongshi again, only this time instead of being angry, but with a taste of groveling to please Lu.

It stands to reason that Zhongshi and Andrew have also been friends for ten years, so they don't need to be so polite to each other. It's just that after the incident of a large sale in the won market, Andrew thought that Zhongshi was supporting him, and he was very grateful, so he was extremely humble in his attitude.

Most of the people who called frequently just now were people who put on a high-minded posture to him a few days ago and didn't think much of him, but now these people saw the violent fluctuations in the won market, put down their previous shelves, and began to curry favor with Andrew.

Andrew enjoyed the change, but he also knew that the reason for the change was not in himself, but because of the huge selling orders that suddenly appeared in the market. As for who the selling party is, reminiscent of Zhong Shi's speech yesterday, the answer is already coming out.

"Look at your virtue, it's no different from Li Lianying!" Zhong Shi glared at Andrew, feeling both angry and a little funny, threw him a cigarette, and said, "How about it, being sought after by the capital world this time should make you really feel like you are raising your eyebrows, right?" ”

"Yes. Be. Andrew took the cigarette and lit it for Zhongshi before sitting back on the sofa opposite, "But when they asked when, what the price was, I couldn't answer, didn't I come to ask you now?" ”

Zhong Shi pursed his lips and said disdainfully: "It's late, even if they borrow the won now, there is not much time left for them to operate." These lookouts made the rudder miss such an opportunity. I'm afraid I won't get too many opportunities in the won market. But that's how you can answer them. Selling won is always a good speculative opportunity, so let them sell as much as possible before the 15th. ”

The opportunity that Zhong Shi is talking about is naturally the opportunity for the South Korean won to depreciate sharply, which is the biggest profit point for shorting in some kind of currency crisis, and the profit margin can reach tens of percentage points. And then if there is a depreciation. After a currency has been floating freely in the market for a period of time. Soon a new equilibrium exchange rate will be formed. However, this exchange rate is not stable in the short term, as this is only a preliminary expectation and then depreciates with the currency. A series of bad consequences are gradually showing, and the currency will depreciate again, but this time the depreciation is definitely not as much as before, a few percentage points is already very good. Then there is the intervention of other financial institutions and a change in expectations, and eventually in the short term the currency will again form a new equilibrium and float up and down there.

This is basically the flow of the monetary standards of various countries in the entire Asian currency crisis.

If you intervene in the won now, it will take time to borrow the mortgage, sell, wait for the depreciation and many other links, and it is clear that the market will not leave much time for these people. Today's big selling has alerted international speculators who have been planning to attack the won for a long time.

……

In the United States, inside the Tiger Fund, Julian Robertson is going berserk.

"For God's sake, I must find out the culprit this time. Yes, I'm going to get him out, this damn son of a bitch, he didn't wait for my notice to do it, do you know how many dollars will we lose by doing this? This damn bastard! ”

After the successful evacuation from Hong Kong, Julian Robertson and his team quickly intervened in the won market without stopping for even a moment. Julian Robertson's popularity among his team has increased due to the use of the linkage effect in the Hong Kong market, and other funds that have followed him have not hesitated to bet heavily on the won.

According to the agreed plan, Julian Robertson was prepared to start a high-intensity attack on the won around mid-November, and it was imperative that the won depreciate within a week.

Unlike in Hong Kong, this time Julian Robertson and his henchmen were determined to bring down the won. Because Hong Kong has the world's third-largest foreign exchange reserves, and the fundamentals of Hong Kong's economy are not too problematic, it can only attack the Hong Kong dollar.

South Korea, due to the serious financial crisis in the business world, coupled with the impact of the currency depreciation in Southeast Asia on the export-oriented economy, especially South Korea's electronics industry, due to the direct competitor Yizhou announced the currency depreciation some time ago, thus facing a serious export shock.

In the past few months, a series of scandals have erupted in large South Korean companies, including Hyundai Motor and other companies, which are not only the leaders of South Korea, but also the largest conglomerates in the entire East Asian region. In this case, the pessimism of the market towards South Korea can be expected.

To this end, Tiger Fund and his followers did not hesitate to encourage rating agencies such as Standard & Poor's to downgrade the credit ratings of entire South Korean companies, just to wait for the moment when the entire market lost confidence in the Korean economy.

Even before the attack on Hong Kong, Tiger Fund researchers made frequent trips to South Korea several times to investigate its economic situation. The data obtained is optimistic, and of course, this optimism is for the short won. And the position has been established, and now is ready for the moment when the market's distrust of the Korean economy peaks.

It can be said that after so much preparation, but now he is sideways by a guy (institution) who appeared halfway through, and inexplicably sells nearly 1 billion US dollars, which attracts the attention of the entire market at once, how can Julian Robertson not be annoyed?

In his office, Robert Brown, who is in charge of emerging markets, is among them. Setron and Billy, who was born in South Korea. Jin looked at each other and withstood the wrath of the big boss, not even daring to breathe.

After scolding for a long time, Julian Robertson finally calmed down, knowing very well that this impulse and invective had no effect. On the contrary, it can have a negative impact on investment decisions, which require extreme calmness and rationality. It's just that he has laid out a game for such a long time, and he actually let others take the lead, which really makes him angry.

"Sir, should we react and let them know that we are not soft eggs." Seeing that the big boss finally calmed down, Robert. Setron quietly wiped the beads of sweat from his forehead, put on a gritted teeth, and said viciously.

Julian Robertson's face was stunned, and he turned his head to look directly at Robert. Certron. Shen Sheng asked, "They?" Who are they? Do you know what you say? ”

When saying the first few words. Julian Robertson's face was normal, but then his face turned extremely blue, and by the time he reached the end of the tiger, his face was already flushed and his face was hideous. A fierce and vicious look. Even the green tendons on the forehead protruded.

Betrayal is a serious crime. Especially in the hedge fund industry, because once this happens, it means that thousands of funds are lost. Although these employees sign a non-disclosure agreement at the beginning of the walk-in. There is also a referral letter from the director of the previous job, but things like leaks still appear frequently in the hedge fund industry.

Seeing the appearance of the big boss, Robert. Setron still didn't understand, this was the big boss who mistakenly thought he was an internal ghost, and hurriedly said: "Sir, don't be too excited, calm down first and listen to my analysis." Now that there are few institutions that can sell a billion won at one time, there are only a few institutions that can sell a billion won at one time. ”

"Yes! Oh, yes! "Next to Billy. Jin hurriedly agreed. It stands to reason that Billy, who was born in South Korea. Kim is the first suspect, but logically analyzed, if Billy. If Kim wants to snitch, the target should be the South Korean government, not another institution that shorts the won. Kim's suspicion was ruled out at the first time.

After such a reminder from two capable subordinates, Julian Robertson immediately calmed down, frowned and thought for a while, shook his head again, and kept saying, "Impossible!" No way! Clearly, he already had a preliminary answer.

Seeing that Julian Robertson still hadn't made up his mind, Robert Robert. Setron was a little anxious, he didn't want to be suspected of betrayal for no reason, so he added another handful of firewood and burned the fire even more, "Boss, do you remember the closing of our position on the last day of the Hong Kong stock index futures market?" If it weren't for someone leaking secrets, we wouldn't have used our reserve funds to suppress the Hong Kong stock market and closed our positions intensively at 9,000 points. Now that I think about it, maybe that person is working against us. ”

As soon as he remembered what had happened before, Julian Robertson felt the anger in his heart rise again. He didn't plan to pursue this matter, and in fact he had no clue, but now it was taken by Robert . Seth solemnly brought it up, and the two things added together are like a new hatred and an old hatred.

"This bitch, Jewish mongrel, is so cunning. I swear in God's name that this guy will be taught his duet, damn it, damn ......" A series of vicious words flew out of the hedge fund tycoon's mouth like bullets, cursing the object of his curse from the top of his head to the soles of his feet, leaving the two subordinates next to him dumbfounded.

After scolding for five minutes, Julian Robertson vented the anger in his heart, and after calming down, he waved his hand and said calmly: "Okay, this matter is over, you do what you should do, I will take care of this matter." ”

For this kind of performance of the big boss, Robert. Cetron and Billy. It was the first time Jin had seen him, and the two didn't dare to say anything more, so they walked out of the hall with a promise.

It's just that as soon as he left Julian Robertson's line of sight, Billy. Kim grabbed Robert. Setron, hiding in a no-man's corner, asked secretly, "Robert, is the boss really swallowing this breath and not doing something?" ”

Americans are inherently aggressive, they call toughness, and this toughness is everywhere, even in elementary school students, and Hollywood movies, one of the symbols of American culture, are filled with countless tough guy images that show this trait vividly.

Although he is of Korean descent, Billy. Kim is already a banana man through and through, that is, his complexion is yellow, and his inner mind and spirit are the same as those of the white American world. Regarding Julian Robertson's very different performances, he naturally had doubts in his heart.

"Wait!" Robert. Setron smacked his lips a few times, but finally didn't hold back, "I think it won't be long before that person will definitely suffer a big loss." ”

From beginning to end, the people in the conversation did not name the identity of the biggest suspect, but they all knew that they could have such appeal and influence in the hedge fund world, and they did not belong to the Tiger Fund in terms of capital, except for Soros and his quantum fund, there was no second institution that met similar conditions.

Obviously, they blame the quantum fund for all the anomalies in the won market. (To be continued......)

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