Future chat group

Chapter 306 CDS

"Others are double-twos. We are willing to give Mr. Lei three twos, but we are almost unable to withstand the pressure from our superiors." Feng Ruoting stood next to the battery car, looked at Lei Hao, her eyes moved, with a hint of resentment, and said: " Mr. Lei is really not a pity person, I have dated you eight times if not ten times, right?"

"Lei is very busy, Tina, but I am very free." Nick glanced at Feng Ruoting's towering upper body with greedy eyes, and then felt a little envious and jealous of Lei Hao in his heart.

Mature women are the king, you are so young and don’t cherish such a good opportunity, it’s such a waste.

A group of people wearing golf uniforms stood next to the battery car, drinking water and chatting. The caddies were not allowed to approach, and the people responsible for handing out towels were their respective assistants.

The temperature in late September was not low, and Lei Hao was sweating. He felt a little embarrassed after being teased by Feng Ruoting, who was born in the insurance industry. The other person was young but well-maintained. If he met a prodigal, he would have a fight. A "friendly match" is a proper thing, but when you encounter the unopened Thunder Tiger, you feel like you are looking at the blind man with a flirtatious look.

Not to mention Qiu Yuting's close attention, even if he didn't have a girlfriend, Lei Hao didn't want to settle the flow of over 100 million yuan in bed.

"I welcome everyone who wants to invest in quantitative hedge funds." Lei Hao wiped his sweat with a towel and said to the group of people: "Hasn't the contract for this project been negotiated?"

"Lei, you should know that this is not what we want." Nick became serious, looked at Lei Hao, and said: "Remove the word quantitative, let's talk about hedge funds."

"Yes, Lei, we have confidence in you. You don't need to take these two words to heart." David's eyes were shining next to him.

Feng Ruoting flattered her at the right time: "I have promised Mr. Lei all the amount that Prudential can invest in quantitative hedge funds. I am personally willing to take greater risks on the hedge fund side."

"The risks are high, and the returns will naturally increase accordingly." John added.

These people are all old monsters in the financial circle. They have experienced financial crises, suffered huge losses, and participated in exaggeratedly profitable investment projects like Thunder 1. However, Lei Hao is clean, very clean.

For people in the financial circle, it is very important to make money cleanly. They can use this clean money in many places without worrying about being investigated, and through some means, clean and unclean money can be mixed together. There is no need to mention the sourness.

But everything has its own limits. If you are very capable, we need to consider how much we should give you. We can’t make 100 million from you, so we have to spend 200 million worth of money.

Quantitative versus non-quantified ten to one? They don't accept it.

Are private equity hedge fund returns too high? No one is willing either.

Too many channel resources need to be paid? Everyone needs to think carefully.

"I have decided to temporarily close financing channels for all funds." Lei Hao wiped his hands and looked at Nick and others. It was not until these people showed surprise and inquiry that he continued: "Let's talk about another cooperation. How about we restart contract negotiations after this cooperation is over?"

"What kind of cooperation?" Nick smelled the smell of money and asked eagerly.

Su Yiwen remained silent next to him, but now, he also showed a serious expression.

"CDS!" Lei Hao slowly glanced at these people and said with a smile: "I want all channels for investment in the global financial market. This time, I will give you money."

"..." The scene was silent.

It's okay to give channels. Everyone can help Thunder Investment connect these things first, but CDS... there are many ways.

How does Lei Hao want to operate?

"As far as I know, Thunder Investment does not have exposure. Do you need a credit default swap contract?"

"Things of Thunder Investment did not lend out loans and did CDS? Are they preparing to make a bet?"

Two questions were raised.

The so-called CDS is credit default swap, or credit default swap. This product became well known to the world during the subprime mortgage crisis.

Generally speaking, you borrow money from me, and then I think you are going to default on the loan, so I give him some money and let him bear the risk. If you repay the money, you and I will act in accordance with the contract. If you don't give or If there is no way to give it, then I will ask him for money.

This is like an insurance, more like an option. If the debtor does not repay the money or cannot repay the money, the creditor who bought the CDS can sell the bond to the institution that sold the CDS at face value.

After a period of development, many varieties of CDS have been developed, including pure betting. I buy CDS because I think the debtor of the underlying bond is at high risk of defaulting on his debt, or is one of a variety of underlying bonds. The debtor will definitely default on the debt, then I will make money, otherwise, I will lose money.

For large institutions, CDS is a commonly used hedging tool. Let’s take a look at Thunder Investment.

"I want to get involved in the European debt crisis." Lei Hao looked at Nick. He knew that among the four people, Nick was the most familiar with the securities market.

"This is a meat grinder, and... Lei, don't you think it's too late for you to go in now?" Nick frowned: "More than ten years ago, Goldman Sachs was responsible for Greece's entry into the European Union. The profit margins are not big anymore.”

"So I temporarily closed the fund's financing channel to prevent customers from suffering losses." Lei Hao turned his eyes to Luo Gaiting and said with a smile: "Sheng Xiang can also withdraw from this plan."

"I would like to ask Mr. Lei instead," Luo Gaiting said expectantly: "How much more funds do you need? Shengxiang can provide it."

"I prefer to get a loan from the bank." Lei Hao turned his head, got into the battery car, and the group headed to the next swing point.

In the car, the hearts of everyone began to beat violently.

The European debt crisis is undoubtedly a banquet of capital. Here, some people lose money, and some people definitely make a lot of money.

But Lei Hao had a disadvantage, he came too late.

More than ten years ago, when Greece entered the European Union, in order to meet the standards set by the European Union, Greece gave Goldman Sachs 300 million U.S. dollars as handling fees to make its accounts colorful. However, Goldman Sachs turned around and started doing CDS with major banks, and then... Europe The debt crisis started in Greece.

There is no doubt that things have reached a climax now. Those who should enter the market have already entered the market, and the positions that should be held have also been held. Goldman Sachs, HSBC, Keda and other institutions have participated in it. Thunder Investment? What does this little one want to do?

"Lei, what do you think?" Nick thought of Lei Hao's previous performances and showed great interest.

"I want CDS and channels. I want to invest in the securities that are most affected, and... you can follow up." Lei Hao seemed very "generous", but also very arrogant.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like