In Hong Kong, inside the Tianyu Fund, Zhong Shi smiled at the dejected traders and said, "How is it, how is the return?" ”

Although the flagship fund is controlled by Zhong Shi, due to the large amount of funds now, Zhong Shi refers to the management model of American hedge funds, and asks the researchers to construct their portfolios separately, and then after the internal risk control department and his own double checks, allocate part of the funds for the researchers to operate by themselves.

This model not only greatly reduces the burden on Zhongshi, but also allows researchers to participate in the front-line market. After more than a year of practice, several researchers have stood out among many people and achieved impressive returns. Even the managers of several other funds do not have a comparable return on their own.

Zhong Shi already has a preliminary plan, after this year, if the performance of the European and American funds does not improve, then the manager in charge of this fund will leave and be replaced by a researcher in the flagship fund.

In an internal meeting the other day, Andrew explained the news from Wall Street that hedge funds are hitting the baht in a big way. After hearing the news, the researchers who are eligible to apply for funding are gearing up to make a big splash on the baht.

Zhong Shi did not stop this craze, he knew that if he poured cold water on the already profit-hungry researchers at this time, it would definitely cause great internal dissatisfaction. However, he was reserved for funding, giving only half of the amount of funding the researchers applied for, and requiring them to strictly control the risk.

Sure enough, the researchers, who were in high spirits the day before, went through a day of trading. Most of them have become languishing. They just invested in this market with a lot of enthusiasm and didn't think too much about the factors. In their view, with heavyweight US hedge funds in front of them to defend themselves against the fire, they are hiding in a relatively safe place, and even if the Thai government retaliates, it will not affect their portfolios. It's just that they didn't expect that the BOT and the Thai government would fight back indiscriminately, from hedge funds with billions of dollars to speculators with only a few million dollars.

"The losses are heavy. Where is the talk of earnings? A trader jerked his keyboard. There was a loud thump, but after seeing the slightly reproachful glances from the others, he shrank his head and quietly put the keyboard back in place. Only then did Zhong Shi reply weakly.

Zhong Shi recognized him. His name is Ren Ruowei. Jimmy, who is known as Jimmy, is one of several researchers with outstanding returns. The investment style is more aggressive, and often dares to boldly increase positions in unfavorable situations.

"Jimmy. Take it easy, maybe you're not the worst. Zhong Shi smiled slightly, not paying too much attention to Ren Ruowei's actions, although it was a Bloomberg custom keyboard. He cleared his throat and asked the others, "Is there a profit?" ”

Instead of asking about losses, but about profits, this already shows that Zhongshi is not optimistic that someone will make a profit. Considering that the researchers who applied for funding this time made up almost the vast majority of the employees of the flagship fund, even if some of them had not done their own portfolios before, who did not know that their boss had successfully washed down the Mexican peso? Naturally, they want to follow suit.

Although Zhong Shi has never publicized the attack on the Mexican peso, his group of researchers are not easy to fool, and after seeing the sharp increase in the net value of the fund in late '94 and early '95, and thinking of the major events that happened in the Shijie financial market recently, they all understood.

It is precisely because of this relationship that these researchers are so keen to attack a country's monetary system. You know, this kind of attack is by far the most cost-effective way to invest, and the risk aspect is almost negligible. However, after this day's changes, Zhong Shi believes that they will never have similar thoughts again.

"Me!" Just as everyone looked at each other, a weak voice came from the corner. If it weren't for the frustration of speculative failure, I'm afraid no one would have heard it.

Zhong Shi's eyes lit up, and he waved his hand in that direction, signaling the speaker to stand up, and at the same time asked unhurriedly, "What is the rate of return?" ”

This situation was expected by Zhong Shi, and if there was no researcher to do the opposite, I am afraid that Zhong Shi was most worried. Now, he just wanted to know what the researcher's performance was.

As soon as they heard that someone had actually made money against the market, everyone's eyes looked at this somewhat wooden researcher. Some of the researchers, who had joined the company late, might not have known the shy guy yet, and they turned their eyes to the people around them and quietly inquired about the researcher's identity.

Seeing so many pairs of eyes staring at him, the researcher was a little embarrassed, and only after a long time of reluctance did he report a number that made everyone almost overwhelming: "30%, not a floating profit." ”

As soon as he spoke, almost everyone blew up, unable to believe the number they had just heard. Several anxious researchers shouted in unison, "This is impossible! How can you possibly make so much profit? ”

"He is Chris, known in Chinese as Ma Jiarui, and is a researcher with extremely solid basic knowledge. The stocks recommended in his research report are all rising in the long run, with little volatility, and are typical blue chip stocks. The investment style is extremely stable, and he is a very haode researcher. Andrew leaned into Zhong Shi's ear and whispered Ma Jiarui's resume and operation style.

Just when Zhong Shi and Andrew were talking, Ma Jiarui's face was flushed because of other people's doubts, although this usually shy young man didn't like to talk, but when it came to the study of his own specialty, he immediately became good at talking, and retorted loudly: "If you don't believe it, you can see my operation records." Here's the transaction details, so you can check if I'm talking big! ”

Ren Ruowei jumped in front of Ma Jiarui quickly with an arrow step, and began to look at his transaction records step by step, with the scroll of the mouse. His face also became cloudy. At this time, a few more traders came over, muttered around the computer screen for a while, and then looked at Ma Jiarui with strange expressions.

"You are lucky, you happened to encounter the countermeasures of the Thai government, so you made a lot of profits." Before the others could speak, Ren Ruowei said with some disdain. He was the first to see Ma Jiarui's operation records, so he naturally knew better than others.

In fact, Ma Jiarui didn't do much, he just entered the market at a trough in the morning, and then held until the baht rose by about 3% and then sold all his positions. And did not continue to hold. Naturally, it is not floating.

Ma Jiarui's face suddenly turned pale, and when he was about to open his mouth to refute, he heard Zhong Shi say with a smile: "The so-called luck is also a factor in success in the capital market. Again. How can you be sure that others are lucky? Maybe Chris caught this band through his own judgment! ”

See the big boss speak for himself. Ma Jiarui's face obviously became better, and when he saw Zhong Shi's encouraging gaze, he suddenly felt a warm in his chest. I couldn't help but say loudly: "Yes, it is my own judgment. Don't you know that the Thai government made a statement some time ago to defend the Thai baht? ”

"Of course we know that. But did you know that international hedge funds have been preparing to sell Thai baht for a long time? You know, any large hedge fund can use more than all of Thailand's foreign exchange reserves! Ma Jiarui's words could not convince the others at all, and one of the sharp-tongued researchers immediately retorted.

"Not bad! Although the scale of the funds under management of large hedge funds is not something that the Thai government can resist. But don't forget, they don't always have their money ready to attack the baht, and there have been rumors of attacking the baht since January, but the baht has not been crushed so far, so you know that the hedge funds are not ready at all. Importantly, the news that the baht would widen its volatility was most likely released by a hedge fund that was short the baht, or perhaps they were just doing it. The most important point is that based on the open interest in Thai baht contracts published by SIMEX, I found that the total amount of Thai baht sold was only $6 billion, and even if they had sold so much in the spot market, the total would be less than $12 billion. Moreover, Thailand is not a unilateral operation, and I believe that other countries in Southeast Asia have also helped, including us in Hong Kong! ”

Ma Jiarui said so much in one breath, felt a little thirsty, picked up the coffee on the table and took a big sip, and when he put down the water glass, he found that almost everyone was looking at him in extreme surprise. He couldn't help but ask rhetorically, "Is there something wrong with my logic?" ”

"No problem!" Ren Ruowei shook his head slowly, and said nothing more.

As for the matter of other countries' aid, Zhong Shi only told Andrew and others, and the others did not know. In fact, not many people can think of this, because these people are not from an extremely macro perspective. Therefore, when they heard Ma Jiarui say this, they realized that they had given little consideration to political factors.

And when Ma Jiarui said that Hong Kong may also have a part, the shock in their hearts reached a point of no return.

"You're right!" Zhong Shi took over the conversation and continued, "As for Weishenme, there are so many countries that will support Thailand, I will only say one word, 'export'. Now I have two questions, the first is will the Thai side be able to withstand this currency crisis? The second question is which side do we need to choose? ”

As soon as his words came out, almost everyone fell into deep thought, even Ma Jiarui, who had just spoken eloquently, fell silent, this is not a question that can be blurted out, especially when the Thai side is so tough to fight back.

Half a day later, Ma Jiarui raised his head again and said with a firm face: "I personally think that the Thai government can resist this currency crisis, but we still have to choose to short the Thai baht." ”

This answer seemed to be a contradiction, but Zhong Shi was happy in his heart, and asked without thinking, "Oh? How do you know I'm going to do this? In his words, he has already admitted that Ma Jiarui's idea is correct. (To be continued......)