After meeting with Zhong Shi, Druckenmiller boarded a private jet and roared into the air in the night of Hong Kong and headed straight for New York.

From landing twelve hours ago to returning at Kai Tak Airport now, Druckenmiller has been working non-stop for a whole day, regardless of the jet lag, Druckenmiller has been open for more than thirty-six hours, but at this time he is not tired at all, and his face is still in good spirits.

As a hedge fund industry, the benefits of employees are almost unimaginable to the outside world, not to mention the outrageously high salaries, and other things such as the front desk lady is a beauty pageant champion, socialite socialite, and VIP area with the top clubhouse are commonplace. The top hedge funds even own their own private jets, which make it convenient for employees to travel anytime, anywhere.

Of course, you must be able to generate profits for them!

Druckenmiller is clearly such a man, and even in the eyes of professionals, he is even more famous than Soros in some ways. So it's only natural that he travels around the world by private jet, and although he prefers to keep a low profile, there are times when these things do give him more convenience and choice.

"George, it's me!"

When the plane entered U.S. airspace, Druckenmiller, who woke up from a daze, immediately dialed Soros's phone, and his boss should have woken up at this time.

The $8 million Gulfstream business jet is state-of-the-art, in addition to a top-of-the-line turbo engine with up to 1,000 pounds of thrust. There is also the world's most advanced avionics system, which can ensure all-weather positioning and communication around the world. The interior of the cabin is all hand-customized, and the luxury is extreme.

Sitting on the musky leather sofa, Druckenmiller's face was so solemn that it was so gloomy that it could almost drip water. When Soros's voice came out of the microphone, his face relaxed a little, and said: "Boss, I have an emergency that needs to be reported to you, report it in person, right now!" ”

"Hong Kong thing?" Hear the anxiety in Druckenmiller's words. Soros's heart moved. Then he reacted and reassured Druckenmiller, "Stanley, take it easy. I know all about Hong Kong. I'll talk about it when you get back. I'm in a hurry to have breakfast with Julian now. You're still on the plane, get a good night's sleep first, and you'll be done when you get back to the company! ”

"Julian?" Druckenmiller, who was on the plane, gasped. But the next moment, he realized that it was not appropriate to say that at this time, and swallowed back the words that were almost blurted out, and just replied lightly, "Okay, we'll talk about it when I get back to the company." ”

Hanging up the phone in his Lincoln car, Soros had already seen Julian Robertson's luxury Mercedes stop not far away, he walked out of the car door with a smile, greeted Julian Robertson who was walking in his direction, and said: "Julian, you should know what happened yesterday, how do you feel?" ”

"It was a big surprise to me!" Julian Robertson replied with a smile, the expression on his face without the slightest surprise, as if to say something insignificant, "It's a surprise that this time it turned out that we failed." But it's even better, they won't have that much cash next time. ”

The two stopped at a hot dog stand, each took out a dollar bill, and handed it to the stall owner, a middle-aged black man, who took the bill with a blank face, and then quickly wrapped two hot dogs, brewed two cups of coffee, and delivered them to the two of them.

For this stall owner, although he knows very well that this is the financial district of New York, he is busy with his livelihood all day long, and he does not realize that the two old men who come to his stall every day are super bigwigs who can call for wind and rain in the financial world. But even if he knew, it wouldn't help him improve his life in the slightest, and he didn't think that the two old men would be able to eat one more hot dog.

The life of ordinary people is so simple and unpretentious.

"Today's hot dog seems to have put some chili peppers, and the taste is not very right!" The two of them ate and walked, and when they reached the bend in the street, Julian Robertson frowned, squirmed his mouth again, and then said with a strange face, and then threw the remaining half of the hot dogs into the trash without mercy.

"It's your mood that's affected!" Soros laughed out loud, and after a long time stopped laughing, pointed at Julian Robertson and said unceremoniously, "It seems that the affairs in Hong Kong have indeed affected you, at least your appetite, I don't think there is any difference between today's hot dogs and usual." ”

"Of course!" Julian Robertson glared at Soros dissatisfied, took a big sip of the coffee in his hand, and only took a long breath before he took a long breath and said, "George, I lost $600 million this time, including stock index futures and interest futures, originally I thought we could defeat the Hong Kong government, oh no, it's the kid named Zhong Shi, but now it's all over." ”

Without waiting for Soros to answer, he continued: "In addition, there is a large amount of borrowed shares that need to be repaid, and then there will be a large amount of capital outflow. God, this time I lost at least a billion dollars, and this year's performance looks like I'm going to be in vain, and I'm afraid I won't be able to collect the management fees! ”

For hedge fund managers, their income is mainly composed of two aspects, the first is the fixed management fee income, and the second is the excess return obtained when helping the client manage the funds, which is charged according to the agreement at the time of investment. However, if a hedge fund does not achieve excess returns during a certain cycle, then generally speaking, the management fee for that period will not be eligible to be charged.

The top hedge funds on Wall Street are generally 2-20, that is, they receive a management fee of 2% from the principal and 20% of the excess return per year. For example, a hedge fund with $1 billion in funds under management increased its net value by 10% this year compared to the previous year. Then the various fees that they can receive are about 40 million dollars.

Of course, these are not the best benefits they can earn, in fact it is their best interest to turn themselves into "customers". In the case of the previous example, if the hedge fund had $200 million in managers out of the $1 billion, then he would have earned as much as $20 million for the year (not counting fees), which is far more than just collecting fees.

Soros knew this very well, so he was very dismissive of Julian Robertson's statement, and immediately retorted: "Julian, it seems that you have a high proportion of positions in Hong Kong. But as far as I know. You have also placed heavy positions in other markets, and after a while it is time to make gains. Besides, didn't you gain a lot in the Hong Kong market the first few times? If it comes to losses. Believe me no less than you. But now we should discuss it. How will the Hong Kong market be adjusted next time? ”

He said "adjustment", not shock, because Soros is well aware of his current situation. So I was very careful in everything, and I didn't want to give someone a handle. As in his speeches to Malaysia, South Korea, or Russia, he wants to maintain himself as a market regulator rather than a notorious speculator, even though he is seen by many in these countries as a heinous speculator.

Image is very important, because it is related to whether the behavior is just, so even if Soros is hated by the political leaders in Southeast Asia, he still has a growing reputation in the entire Western world, and this prestige is also cleverly used as a tool by him.

"This one may take a while!" Julian Robertson paused, threw the coffee cup into the trash, spread his hands again, and replied helplessly, "George, I think you know very well that we have to clean up everything we had before, and then we can start a new investment plan after asking for the consent of investors." Moreover, we must not have large fluctuations in our performance in the short term, otherwise investors will be very unhappy. ”

If investors are unhappy, they will withdraw their capital, which will completely disrupt their entire investment allocation. So, convincing investors is the top priority in front of them.

Soros naturally knew the joints in this, he bowed his head slightly, signaled his approval, and then put forward a few suggestions, "Julian, after this is done, we have to sit down and discuss how to implement a kind and effective adjustment plan for Hong Kong in the next step." This time, we have to increase our shorting efforts, increase our positions, and encourage more capital to join in, although Hong Kong has a lot of dollar reserves, but it will definitely not be our opponent, and when the Hong Kong dollar collapses, we will earn everything back. ”

"You're right!" Julian Robertson nodded absentmindedly, then looked at Soros and asked tentatively, "George, there have been rumors in the market recently that you are reducing your position in Russian government bonds, have you heard anything?" ”

"This one!" Soros smiled nonchalantly, and replied casually, "It's true that I'm reducing the position of Russian government bonds, but it's not that I know anything, but this part of the funds was put into the Hong Kong market, and this matter was operated by Stanley, but I didn't expect that the money invested in it didn't bring down Hong Kong, and now I think about it, I really regret it." ”

"So that's the case, then I'm relieved!" The doubts in his heart were gone, Julian Robertson nodded, and quickly walked towards the Mercedes Benz that had been following him, and after getting into the car, he didn't forget to wave his hand at Soros, who was still a little stunned.

Soros was indeed stunned, he didn't expect that his understatement would convince the other party, how did he know, the other party had already learned about these things from the email, and now it was just a tentative verification.

However, what neither of them expected was that the plan to attack Hong Kong again in full swing, which was discussed just now, was not implemented in the end, and it will never have a chance to be carried out again.

After returning to his office, Soros began to seriously summarize the losses after the defeat in the Hong Kong stock market yesterday, including 98,000 futures index sell orders, with a loss of nearly 5 billion Hong Kong dollars, the interest and exchange rate difference borne by shorting Hong Kong dollars, about 500 million Hong Kong dollars, and longing interest rate futures, with a profit of about 300 million Hong Kong dollars. Because of the strong rise in the stock market, the loss of short stocks sold is between 1.5 billion Hong Kong dollars and 3 billion Hong Kong dollars, and the specific situation depends on the price at the time of the final clearance.

Taken together, the initial loss is between 7.7 billion Hong Kong dollars and 8.2 billion Hong Kong dollars, which is converted into more than 1 billion US dollars, which is not much different from what Julian Robertson said, and the bulk of the loss is in stock index futures. And when he thinks of Zhongshi's kid, Soros hates the roots of his teeth, and in more than a year, he has lost more than $2 billion in this person.

"God, I'm going to see what this guy is capable of withstanding my next attack!" Although they had met before, Soros had long forgotten about the kid he had spoken to in England, and his most urgent thing at this time was to be able to fight this young man again. (To be continued......)

PS: I hope you will continue to support ~