God of Rebirth Trader

Chapter 40 The customer wants to redeem

Just when the whole of Hong Kong was worried about the stock market.

Far across the ocean in New York and Wall Street.

Some people were emotional.

"Oh my god! I lost more than 200 million US dollars today!"

"Check it for me! Which institution is so stupid!" In the Quantum Fund office, the chief trader Jones was cursing angrily.

Originally, according to the planned plan, they took advantage of the bad news about the depreciation of the Indonesian rupiah in the past few days to push the Hang Seng Index to 7,000 points.

As a result, a mysterious fund suddenly appeared in the early trading, and all the selling was eaten up like a tornado. No matter how many chips they threw, they were all wiped out.

The stock prices of several important blue-chip stocks used to crash the market have soared by more than 20%.

This unexpected situation caused some hesitation among the traders of Quantum Fund.

The panic in the market has reached such a level that people are actually going against the trend and buying the bottom!

What a shame!

The Hang Seng Index plummeted by 8%, and the short-selling futures stocks were almost liquidated. Fortunately, they added a lot of margin, which prevented further losses.

At first, Wall Street thought it was the Hong Kong government intervening in the market and hurriedly asked the Federal Reserve to apply pressure.

Later, when the news came, I found out that there was someone else.

"Jones, we have found out, it is a private equity fund called "Infinity"!" A trader named Paul turned to Jones and said.

"What's the approximate size of their assets?" Jones asked.

"About 1 billion U.S. dollars. They spent almost all their funds to buy today." Paul explained with a strange face. He had never seen such a crazy person.

"Shit! How could Xiangjiang let such a person who doesn't understand finance manage a fund company worth nearly one billion US dollars?!"

"This is so magical!" Jones complained, scratching his head crazily.

"No, no, Jones, if you think so, you are absolutely mistaken."

"On the contrary, this private equity fund's performance has been very good. It has been the best private equity in Hong Kong for two consecutive years, and their annualized rate of return has reached an astonishing 267%! Even the best traders on Wall Street dare not

He said he must be better than them."

Paul had obviously done some research and got an infinite amount of detailed information from somewhere.

"If I follow what you said, I'll be in big trouble." Jones suddenly felt his scalp numb, and a bad premonition came to his mind.

At first, he thought it was a novice who was operating blindly, but now he is an extremely powerful trader and makes such abnormal operations, which cannot be treated with common sense at all.

Just like a person who doesn't understand stocks buys a junk stock and loses money, everyone will say that he has poor vision. But what if Soros bought a junk stock?

Then, everyone will think that there must be a deeper meaning in this, and Soros must know something that we don't know.

Even if someone loses money temporarily, it must be to make better money.

Anyway, someone will always jump out and explain it to them with various reasons.

True and false are elusive.

Paul saw Jones' doubts, and he continued: "Actually, we have no contact with this private equity company at all."

"oh?"

"As early as November last year, when we attacked the South Korean won, they had disclosed information about South Korea's foreign exchange reserves to us, so we were able to defeat the South Korean won so smoothly."

"It's interesting. I can't wait to see their heads." Jones said with interest.

Paul was suddenly surprised and said: "Do you want to go to Xiangjiang?"

"Yes, because I found that Xiangjiang, as the financial center of Asia, is not as simple as it seems on the surface."

"Moreover, this is also crucial to our next actions..."

...

Hong Kong, Lujiao Building.

At 10:27 pm, most financial institutions in Central were already closed.

Chen Weidong was also meeting with several senior executives in the company.

"Mr. Chen, this time we invested a total of HK$7.2 billion, which has greatly lifted the market." Trading Director Feng Yiwen said with some excitement.

Single-handedly driving the Hang Seng Index to skyrocket. Is there anything more exciting than this?

It's too childish to be the market leader in stocks, let's just pull the market!

"Oh, it's a pity that the opening next week will not be good. Two hours ago, the Hong Kong Monetary Authority "refuted the rumor", saying that today's market fluctuations have nothing to do with them, and Xiangjiang has always been committed to maintaining market freedom, etc..."

Risk control director Huang Wuyuan shook his head and said.

In fact, he has always disagreed with the company's entry into the market at this time. The market obviously has no bottom, so now he rushes in to take over the market in order to make a quick profit.

You will gain face, but you will most likely lose money.

He glanced at Chen Weidong and suddenly felt that the boss was still too young.

Young people, young and energetic.

well.

...

"It's really not optimistic..."

Several senior executives of the company expressed their opinions, and most of them were pessimistic.

Chen Weidong leaned on his chair and remained silent.

After they had finished talking, they said: "We have been too successful all along. In more than a year, we have made wealth that others cannot make in several lifetimes. Even if we lose money now, it is still good at most."

It’s just for the market, there’s nothing it can’t accept.”

"Having said that, Mr. Chen, many customers have said that they want to redeem their funds, and some even cursed the company, saying that we use their money to take over the business and do charity." The Fixed Investment Department is responsible for stabilizing income.

Lin Hai said with some sadness and anger.

These people all talk and laugh when they are making money, and even call you brothers. But when they see that they may lose money, they immediately fall out and say all kinds of unpleasant things.

"Let them withdraw as they please. Handle it for them in a hurry, and don't get stuck in their procedures. However, if they want to invest in us in the future after withdrawing their capital, we must first downgrade their credit by one level internally." Chen Weidong knocked on the table and said.

.

The reason why their Infinity Fund has reached this point is because of its absolute strength.

In just over a year, the assets of "Infinity One" have reached more than 6 billion Hong Kong dollars.

Every time they raise funds, demand exceeds supply, and countless people cry and clamor to vote for them, even giving gifts to seek connections.

This stems from Chen Weidong's design structure of the Infinity Fund: investors can receive 90% of the net income as investment return without any management fees.

When this rule was formulated, the company's top management strongly opposed it, believing that the amount given was too much.

You know, in Central, more than 99% of private equity funds charge a management fee of at least 1%, regardless of whether they are profitable or not.

They all pursue short-term rapid expansion in order to collect more management fees, rather than pursuing long-term performance.

Moreover, even if a profit is made, after repaying the investor's principal, the manager will arrange a 2:8 or 3:7 ratio for the remaining fund income to be distributed with the investors.

It can be said that the commission is relatively high.

I have never been like Chen Weidong, who only took 10%.

It's simply breaking industry rules!

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