Future chat group

Thunder investments in Guangzhou and Hong Kong Island are booming. Six weeks have passed since the last debt crisis. Thunder's profitability is slowly increasing. The lowest fixed income department has a million-dollar income, and the investment department is making a lot of money. The bowl is full.

Thanks to Lei Hao's accelerated capital operation and the occasional extension of the operation line, the minimum return of several funds can reach 3% per week. Counting the less earned in the early stage and the more earned in the later period, over a month, several The investment team’s income ratio from low to high is Xia Yibei, Sun Keyi, Xiang Yongze, Tao Liyu, and Leo.

Xia Yibei does fixed income, focusing on matchmaking, which can be ignored. Sun Keyi does quantitative hedging investment, which is subject to contracts and only has a few percentage points of income. Adding in the floating profit on the book, the account has about 357.5 million Hong Kong dollars.

Although Xiang Yongze mostly does futures, due to the terms of the mainland market, the profit ratio is not as high as that of Tao Liyu. From 230 million to 275 million, the profit margin is almost 20% month-on-month.

Tao Liyu benefited from the developed financial system of Hong Kong Island, with a capital of 1.7 billion Hong Kong dollars and a month-on-month profit margin of about 26%. The money was dispersed in various markets for investment. It can be said that the entire team had to work continuously to keep up with Lei Hao's instructions.

He originally only had 970 million plus an investment of 100 million from each of the four major institutions. From 1.37 billion to more than 1.7 billion, even in US dollars, it is 220 million.

Leo earns more than Tao Liyu. The reason is very simple. Part of what he is responsible for managing is the Thunder's own funds, which belong to his own children so that they can eat. His own funds have increased from 650 million yuan to 850 million yuan. In a short time, In just six weeks, the month-on-month profit exceeded 30%, and the identity of the biological son was undoubtedly confirmed.

The original fund had 570 million shares, and the month-on-month increase was not close to 20%. The current figure of 680 million is enough for people to ignore Lei Hao's preference for his own funds.

Even not counting the company's valuation, short-term financing capabilities, and deducting Sun Keyi's funds, the funds Lei Hao can use reach the order of more than 3.2 billion. This is his confidence and his restraint.

With such a large amount of funds, Lei Hao is enriching himself every day, but if he is doing ultra-short-term, he can only improve himself to the extent that he can catch up with the growth of funds. It will be very stressful to master it. This is also the reason for doing long-term.

Funds need to be invested in areas, and Lei Hao needs to find new breakthroughs, get away from complicated work, relieve some pressure, and find a way to improve the company's level.

Only doing ultra-short-term trading means that you only have money in hand, and no matter how high your level is, you will be limited.

But under the current situation, the only place where Lei Hao can have trouble is in the long term. He holds more than 12,000 lots of bullish positions in the Cotton 05 contract, and the cost price is 10,388. It is known that there will be a slight increase before December 7th, but the latest The situation is that there will be a shrinkage and decline in the market outlook.

The current main force in cotton futures is the January contract, but the price of the January contract is higher than that of May, which is an inversion in the futures market.

Generally speaking, for the same underlying contract, the closer the delivery date is, the lower the price will be. January is more expensive than May. If we only look at the technical aspects, either the May contract will rise or the January contract will fall.

The situation of shrinkage and decline is also easy to explain. It is nothing more than a bearish market outlook. There are not enough buying orders for low-end short positions. At a certain price, both long and short parties have no intention to increase their positions. This leads to a situation of low trading volume and falling prices. .

It doesn't matter if the volume shrinks and falls, it doesn't matter if it falls to the psychological line of 10,000. What Lei Hao hesitates is whether to reduce the position first and then add another, or... directly add more?

The current trading volume of the Cotton 05 contract is about three to four thousand lots per day, while 01 has one to three to five thousand lots. Even the bulls have no intention of participating too much in the Cotton 05 contract. Instead, they are making trouble on the 01 side.

The problem is that Lei Hao only invested ultra-short-term funds that can move in and out quickly in the cotton 01 contract, but he held a heavy position in 05.

And until now, Lei Hao still believes that the price of cotton will rise next year. From a fundamental point of view, cotton unit output has rarely dropped this year, and the planting area has almost fallen below 50 million acres. It is expected that this number will be exceeded next year, and the total output will definitely be less. .

Affected by the economic downturn, Chinese textile companies have been cooling down in recent years. Enterprises have insufficient inventory, and most of the inventory they have is used for hedging. Due to policy reasons, relatively few cotton warehouse receipts are used for hedging in the futures market.

There is a certain amount of profit here. In the long run, people on Lei Hao's side believe that cotton prices have reached the bottom, the risk of going long is very low, and the expected profit margin is very objective.

"Should I raise another new fund to enter the market?" Sitting in the study, Lei Hao was smoking alone, and his heart began to waver.

For Lei Hao, it is almost impossible to raise funds now. Whether it is a bank loan or asking investors, it is difficult to say how many. A few hundred million is a very simple matter.

"Where are the costs? There is no way to lose money on the cost line of 10,000. Why is the market so cold?" Lei Hao had a headache. All the data passed through his mind. Slowly, he made up his mind.

"Continue to build a position! Qingyu's position should not be too heavy, then I will use Thunder's resources!" Lei Hao made the decision, and then felt relieved.

The company had plenty of money, but the company's money was just sufficient for short-term operations, and Lei Hao was unwilling to withdraw it for the time being. So after many days, he finally made a decision that made investors ecstatic: open a new contract.

"Evan, I have something I would like your help with." If you need help, please contact the housekeeper. Lei Hao picked up the phone and made a request to Su Yiwen.

After meeting and studying for a day or two, Su Yiwen simply asked Yangcheng Head Office to send letters of intent to several trusts, then sent notification letters to old customers, and finally asked banks he was familiar with.

The content is very simple, we want money, do you have it? If so, let’s talk about it.

After Lei Hao's decision, the small circle immediately became agitated. Although Lei Hao Investment did not announce profit data again, only fools did not know Lei Hao's recent prestige.

Want money? Yes, yes, you can have as much as you want. We are so poor that we have only money left.

loan? Yes, yes, according to Thunder's situation, we don't dare to say that there are too many banks to lend 100 million or 200 million at will.

Qin Yu, Liu Xingdong, Luo Gaiting and others called Lei Hao one after another, saying that they were all "interested" in asking for money and leaving more fund shares.

What Lei Hao didn't expect was that his decision involved a lot of things. It was originally about raising funds, but now it feels like investors are dividing the cake.