Lorraine, help me find Aubrey and Duthois.
"good"
……
The banking consortium is the leader of the whole capital market. Whether American or European bankers are always the center of businessmen, even businessmen like Ford and Rockefeller will not easily offend these financial giants-of course, in most cases, such businessmen have put their feet into the banking industry.
If the United States wants to do a good job in industry, the first step is to do a good job in banks-the method is simple. It is a good tool to convince banks that you have money, whether there is no need to borrow money or not. Paying back the loan on time will increase the bank’s trust in you, and it is an excellent way to enhance friendship. This is the same as communicating with little girls at school. Taking the wrong class through novels is an old-fashioned means, but it is better than winning.
Compared with Wal-Mart, which saves the world’s number one Citigroup, Wall Street giants always have their own unique methods. In this way, the giants can single-handedly count Merrill Lynch, Citigroup, JP Morgan, Goldman Sachs, Bear Stearns, Chase Manhattan and Morgan Stanley. It is no exaggeration to say that these banking consortia occupy the highest peak of the capital market and monopolize all living beings. In the words of Mr. Marx, bankers themselves demand the average profit of society, and the simplest comment of this sentence is that bankers try to minimize the risk of other people’s money to earn the profit that most people can earn.
Aubrey and Duthois are typical representatives of this kind of consortium.
After watching a movie, Duthois arrived first and brought another tall white man, but Huang Xuan was more expecting Citi, so he had to ask them to wait a while.
Duthois understood that he sat down and introduced his colleague through an interpreter. "Mr. Huang, this is Dr. Kelly, the full-time asset manager of UBS Private Wealth Management Company. Dr. Kelly is the second manager in your proposed team list." He handed Huang Xuan a list.
"OK" Huang Xuan’s results list greeted Kelly again and chatted casually. This is a British figure with a slightly dull eye, and he will be more acute when he talks about his specialization in economic issues.
There are five people in the list with Dr in front of them, which seems very powerful at first glance, but Huang Xuan doesn’t have high expectations for the appreciation of personal assets, so he doesn’t care much about this list. He folded it in his chest pocket and sat opposite Duthois and randomly picked up a few pieces of information. "How about the recent futures delivery?"
"It’s going well. More than half of it has been completed."
"Good," Huang Xuan nodded. "What about Furnas? I read your plan, but to be honest, it’s a bit complicated. If it’s not too much trouble, I hope you can explain it to me. "
Of course, I won’t bother Duthois to look around and say, "Dr. Kelly is very familiar with this. He completed the reorganization of Furnas Company."
"Huh?"
Kelly pushed her nose, her eyes were a little impatient, and she took out a stack of information from her bag. She spoke very quickly. "Well, I made a field trip to Furnas Company, and I think it has several problems that need to be solved urgently …"
"Dr. Kelly" Huang Xuan had to interrupt him. "We don’t have much time. Now I wonder if this company has been reorganized as I asked?"
Yes, Kelly should be in his thirties, but it seems that his social experience is still in the exchange of tutors. He stammered, But I think it is a mistake to reorganize a company into three departments that are not affiliated with each other, which will cause many problems. Professor Delny has a tutorial that says …
Huang Xuanchang breathed a sigh of relief and raised his hand again with a stiff smile "Dr Kelly! Dr Kelly? "
"Yes!"
"Tell me, did you reorganize the company as I asked?"
"Yes, but …"
"OK" Huang Xuan paused. "That’s enough." Before the doctor, Huang Xuan felt that the ages of the two men were reversed.
Seeing some ice in the atmosphere, Duthois quickly interjected, "Mr. Huang has one more thing this time."
"Oh?" Huang Xuan he continued a cup of coffee.
Duthois took out a USB flash drive and put it on the table. "Do you know John Merriwether?"
Huang Xuan slightly Zhang arm "no"
"This is some information about his new company. Well, this is a talented investor."
While Duthois was racking his brains to describe Merriweather, Aubrey came in behind the housekeeper and interjected, "He is also a genius loser."
Compared with Huang Xuanfu’s villa in Sao Paulo, this house in Nanjing can be crowned with the word "Hao", which not only has a large lawn that Europeans and Americans like, but also has its own back garden and Chinese pavilion. It seems that Mr. Aubrey likes this arrangement very much
He passed the Ivy Corridor and looked around behind Zhou Lian, but he just walked into the living room and heard the name "Merriweather".
Huang Xuan got up and greeted him. "Coffee or tea?"
"Coffee, please," Aubrey asked Duthois when he came in. "You don’t want to introduce Mr. Huang to the JWM company fund, do you?"
"Do you think there is any problem?"
"Of course," Aubrey said with a red face and a thick neck. "Merriweather almost lost the whole Wall Street two years ago. Today, a Swiss told my guest that you should invest in JWM. Am I right?"
"Merriweather’s investment is fine. It was an accident."
"A $100 million accident?" Aubrey bobbed his head and said
Kelly also joined the discussion. Three people’s English became more and more gibberish. Huang Xuan had given up understanding what they said and asked Lorraine on the sofa "What did they say?"
"It should be the founder of Long-term Asset Management Company (LCM). About four years ago, his company earned 25% profit every year, which was the most profitable among all Wall Street hedge funds. His team included the former vice chairman of Midland and a group of economists including Nobel Prize winners. They raised 12.5 billion dollars and will triple it in the next two years."
"Did you lose money later?" Huang Xuan listen to three people discuss speculation
"There are many reasons, but the biggest reason is that the financial leverage is too high. At most, they control $100 million in assets through various financial derivatives-some of them are borrowed from banks, and these contracts have spread to almost every bank on Wall Street, and the final amount involved has reached an astronomical figure of about $1 trillion."
"All lost?" Huang Xuan was surprised that 1 trillion is almost the top 1GDP in the world.
"Of course, all the losses involved 1 trillion, and the final loss was about 100 million dollars, but he frightened Wall Street because the company involved almost everyone on Wall Street, with a total value of 1 trillion. If it had not been for the joint efforts of major banks at that time-this is rare on Wall Street-the maximum loss might have approached 100 million."
Huang Xuan also surprised Aubrey also explained to him.
Actually, this is a very American story. Of course, it really happened even more bizarre than the story.
John Merriwether’s hedge fund has a bright future, which would have become a strange part of Wall Street. In the last paragraph, people were almost surprised, but the Russian debt crisis hit the long-term fund and it lost $5.4 billion at most, which shocked the whole Wall Street. In the last few days of the crisis, the long-term fund had a net value of $100 million, but it managed $100 million through financial leverage. If it lost 1% of its assets, the bank would forcibly close its position. At that time, the crisis might sweep through Wall Street, and eventually all the major banks on Wall Street, including
At the same time, when most people in China were still staring at Clinton’s zipper and noting Lewinsky’s every sentence, a panic quietly happened and ended.
Today, Merriwether hopes to test his theory or that of the other two partners again, so he once again raised funds from other rich investors in major banks. When he found UBS, Duthois recognized Huang Xuan as a person who was willing to take risks and pursue profits.
Huang Xuan was noncommittal about the argument between the two sides, but asked Kelly, "Doctor, can you explain to me what a hedge fund is first?"
"Oh, of course," Kelly was still a little flustered. "You see, actually, from the perspective of securities law, hedge funds are not the form or institution, but in reality, hedge funds are actually limited partners to form institutional investors, which are very risky. Legally speaking, fund investors should not be more than 99, and the investment per person should not be less than 10,000 US dollars. If investors are expanded, they can be increased to 5, but each person needs 50,000 US dollars less."
"But what does it do? I mean, what is hedging? "
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