Rebirth of the Strongest Tycoon

The latest website: "Jacob, looking at the current situation, it is almost irreversible. Even if we do it ourselves, the funds needed are very large and cannot be raised in a short time. When we raise funds, the situation will be even worse."

Evelyn Rothier shook his head slightly and sighed.

Threatening Sumitomo Trading Company failed, but it backfired and angered them. Sumitomo Trading Company would have more abundant liquidity after the capital contraction, but it would be more difficult to deal with.

Coupled with the fact that the Howard family has clearly joined the bull market, the strength of the bulls and bears in the UK LME copper futures and LME aluminum futures markets is very different, and the bears have lost momentum.

Just a Bright Fund has beaten Barings Bank to lose. Now, coupled with the Howard family and Sumitomo Trading Company, who are also strong and tough with Barings Bank, Barings Bank has no chance of winning.

The only way to survive is for the short camp to immediately add three or four giants of equal strength, and to prepare funds to gradually regain the disadvantage.

With London's status as an international financial center, it is not difficult to find such giants, but how to let them end.

According to the current bad situation for the bears, unless the head of a financial institution is out of his mind, he will rush in.

For the Rothier family, the situation at this time was summed up as being out of control.

"By the way, Jacob, Sidmonger is testing me today, asking if I will short LME copper futures and LME aluminum futures."

Evelyn Rosier suddenly remembered what happened at G.S. Warburg in the morning, hesitated for a moment, and said to Jacob Rossier.

Jacob Rothier heard the meaning of his cousin's words, frowned for a moment, shook his head and said, "Evelyn, this is almost impossible, Sidmonger will not take this risk, he is already old Growing up, the Wahlberg family can't afford too much setback and want them in, unless we take the lead."

His cousin was an old friend of Sidmonger Wahlberg, and he knew him better. After listening to him, Evelyn Rothier knew there was nothing he could do.

Their Rohir family will never end up shorting, so this path has been sealed.

Is it only possible to watch the Bright Fund win?

"Well, Evelyn, things have come to this point,

We can only count on Philip Brothers to play by itself. We still made a little money. Now keep an eye on Barings Bank, and it is estimated that Barings Bank is not calm. "

When Jacob Rosier mentioned Barings Bank, his eyes narrowed subconsciously, and he thought to himself.

Evelyn Rothier was stunned for a moment, then nodded silently.

This is the end of the matter, and we can only get as much benefits as possible.

As Jacob Rothier said, the management of Barings Bank panicked after learning that the Howard family had entered the market for a long time and Sumitomo Trading Company expressed its optimism to the end.

And the Bahrain family couldn't sit still.

City of London, Barings Bank headquarters building, conference room.

The door of the conference room was open, and the senior executives of Barings Bank came in one after another. They only noticed the depressing atmosphere in the conference room and saw that it was not President Peter Nils, but Chairman Barrett Barings who was at the top. , Each heart froze, even the footsteps subconsciously softened, and silently walked to their respective positions.

"Who else hasn't arrived?"

Barrett Baring glanced around for a week and found that there were still a few vacancies, so he looked at Peter Niles sitting beside him, and asked in a deep voice.

Although he is the chairman, his understanding of the company is still not as good as the president of the bank he appointed.

Peter Niles had been counting the heads silently for a long time. At this time, when he heard the chairman's question, he immediately replied: "Chairman, all the senior executives in London have arrived, and a few high-level executives have gone abroad on business."

Barit Balin nodded and said solemnly: "Then the meeting begins, you will preside over it!"

"OK!"

Peter Niles responded, and then said: "Some executives should not know why they are having a meeting, so I will briefly tell you the basic situation first."

"At 1:14 p.m., Sumitomo Corporation issued a research report again, claiming that the current prices of LME copper futures and LME aluminum futures are seriously undervalued, and it is predicted that in the next six months, the market demand for metal copper will increase by 40%, and the market demand for metal aluminum will increase by 40%. The volume will increase by 38 percent."

"Subsequently, Sumitomo Trading Company opened a high position again..."

"At 1:40 p.m., the LME copper futures and LME aluminum futures market entered a long position again. After inquiries, it was the Locke Fund controlled by the Howard family, and the strength of the long position was very strong, and the attitude was extremely firm..."

As Peter Niles kept talking, the face of the executive who didn't know the situation also became solemn, and the executive who knew the news subconsciously looked at a person in a special position.

I saw that middle-aged white man's face was solemn, and his eyes were so dazed that he didn't know what he was thinking.

"That's basically the case."

"Next, I would like to ask Manager Curtis Bard to talk about the investment status of LME copper futures and LME aluminum futures."

Speaking of this, Peter Nils looked at Curtis Bard calmly, and others also focused on him.

Curtis Bard is a senior manager of metals trading in the futures investment arm of Barings Bank.

Curtis Bard woke up like a dream, took a deep breath, opened the prepared detailed investment registration form, and said with shame: "At present, we have invested 749 million US dollars to short this. Two futures, of which LME copper futures sold 11,890 lots, worth $393 million, and the average selling price was $1,322/ton.”

"LME aluminium futures sold 5,280 lots, valued at $356 million, at an average selling price of $2,697/ton."

Thinking of this, Curtis Bard paused for a long time.

Barit Balin, who was sitting at the top, looked at him coldly and said solemnly, "It's a loss!"

Curtis Bard was slightly shocked and continued to read: "As of 2:15, the LME copper futures price was $1,368/ton, a loss of $13.67 million."

"The LME aluminum futures price was $2,787/ton, a loss of $11.88 million."

"Total total loss of $25.55 million."

"That's all, the report is complete."

After finishing speaking, Curtis Bard looked down at the table, as if there was something on the table that attracted him.

After hearing this number, there was some commotion in the venue, and many people's eyes shifted between Curtis Bard and Barrett Baring, secretly trying to figure out the chairman's attitude.

Peter Niles looked at the chairman and found that his face was cold and there was no tendency to speak immediately. He looked at another person and said, "Manager George Monroe, the evaluation report given by your risk evaluation department back then. It shows that LME copper futures and LME aluminum futures are overvalued, and the risk of shorting is low. You have seen the real situation now, what do you want to say?"

The main responsibility of the risk assessment department is to carry out risk assessment on the large-scale investment plans submitted by various departments, and give a professional assessment report, and then hand it over to Peter Nils, who will decide whether to sign the investment agreement.

Barings' risk-assessment department has been running very well, with strict checks and few misassessments, so Peter Nils is reassured.

When George Monroe submitted the evaluation report, Peter Nils directly signed and agreed to Curtis Bard's investment plan after reading it.

As the president of the bank, Peter Nils is responsible for the affairs of the entire bank. He is busy with affairs and cannot do everything himself. The main focus is on management and operation. Most of the time, the specific investment affairs are in charge of the following departments.

Now that something goes wrong, he is of course responsible, but mainly for leadership, and the heaviest responsibility falls on Curtis Bard and George Monroe.

George Monroe stood up, bowed his head with shame, and said with remorse: "Chairman, President, I'm really sorry for causing trouble to the company because of our lax control. "

After the apology, he went on to explain: "When the risk assessment was conducted at that time, the situation of the global market had already been collected. At that time, Sumitomo Trading Company and ROC Fund did not enter long positions, and the short positions in the US futures market prevailed, and the output of metal copper and metal aluminum did indeed increase. trend, so my department thought it was profitable and made that low-risk assessment report.”

"But looking back now, there is a fatal loophole in our department's evaluation report, that is, we have not found out the true strength of the Bright Fund and the American Galaxy Fund. Even if Sumitomo Trading Company and Locke Fund are excluded, in the futures market, after the Galaxy Fund exerts its strength, we have already at a disadvantage.”

"What's more, Philip Bros. has come under enormous pressure in the US, leading to a drop in funding on the London side."

"My department has far underestimated the power of the bulls, and I'm willing to take that responsibility."

George Monroe's attitude is much more sincere than Curtis Bard's. He admits his mistakes first and then explains them well. He is also very responsible, which makes Barrett Baring and Peter Niels less angry. .

Only in this way, the pressure is tilted on Curtis Bard, senior manager of the metal trading department.

The latter's face became very ugly, and his brain was running wildly, thinking about what reason to find to relieve his responsibilities later.

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