Chương 1523: Chapter 1523: A baffling reversal of the situation
Elliott Management, a US hedge fund founded in 1977, is headquartered on Wall Street in New York.
Founded by financial genius Lomon Elliott, the hedge fund has always been known for its aggressive investment strategies and active shareholder activities.
Elliott Management's investment portfolio covers a wide range of asset classes, including stocks, bonds, financial derivatives and foreign exchange.
After ten years of development, high investment returns have been recognised by many investors, and the capital under management has reached 4 billion US dollars.
The investment scope of this hedge fund is not limited to the United States. Leman Elliott is very keen to invest on a global scale.
As such, Elliott Management is also a well-known global hedge fund and one of the key forces in international hot money.
The global foreign exchange market is active 24 hours a day.
Although New York and Europe are separated by the Atlantic Ocean, for the many opportunities in Europe, Loman Elliott of course will not miss out and has always personally led the way.
As an international hot money, the key to smooth development is to be good at grasping the situation and acting decisively, so that you can drink soup when you should and run away as fast as you can when you should.
When Kirin Capital massively went long on Sweden, Lomon Elliott boldly followed suit, and in just one month, the short-term gains were already very considerable, reaching as much as 170 million US dollars.
Then, following the announcement made by the financial overlord Bright Fund the other day, he was even more excited, gearing up to continue increasing his bets and expanding his gains.
He just didn't expect the Swedish government to suddenly pour cold water on him by issuing the 'Implementation Measures on Temporarily Restricting the Entry of Overseas Funds and Strengthening Foreign Exchange Management'. It was obviously targeted at the aggressive Bright Fund and to guard against international hot money.
For financial investors, it is information that must be paid attention to and analysed: a government using administrative means to intervene in the market.
So, Romon Elliott calmed down and prepared for the situation from three aspects.
The first was to pay close attention to the current situation and changes in the Swedish financial market, the second was to have the analyst community quickly analyse and determine the scope of the impact of Sweden's policy, and the last was to keep a close eye on the every move of the Bright Fund.
In his opinion:
Although the Swedish government has introduced restrictive policies in an attempt to defend itself, as long as the Bright Fund is really determined to attack, the Swedish government will definitely be unable to resist.
This is because Canada and Australia, which have stronger economies than Sweden, have already been attacked and taken over by the Bright Fund!
And what's more important is that the strength of the Bright Fund before was far from as strong as it is now.
The Bright Fund, which defeated many top European investment banks in one fell swoop, has raised huge amounts of capital with its momentum of victory.
The Bright Fund's current deterrent and destructive power is definitely on the level of a peace bomb.
As long as the Bright Fund dares to charge, he dares to follow blindly!
In a sure win, you must all-in!
Eat meat! You must eat meat!
What he didn't expect was that
he waited for the Bright Fund's actions for a long time, but he got a result that left him dumbfounded.
Upon hearing the report from his subordinate and seeing the offer in his hands, Romon Elliott was aghast.
The renowned Wall Street financial genius could not help but shout in his office.
'What?'
'The offer from the Bright Fund, they want to short the Swedish krona?'
'Fuck! This is what they said a few days ago, that they were bullish on the Swedish economy in the short term?'
'Is this how they are bullish?'
The subordinate who came to report the news kept his head down, trembling with fear as he waited for his boss to vent his emotions.
To be honest, when he saw this offer, he couldn't believe it either. He double-checked that there was no mistake before urgently reporting it.
After venting his emotions, Romon Elliot quickly calmed down. With his intelligence and mental strength, he would not easily lose control of his emotions if he did not encounter such a huge gap.
'Boss, what should we do now?'
The subordinate asked in due course.
'Immediately gather the senior management to a meeting in the conference room. They must be there within two minutes and make a decision within ten minutes. Go now!'
Lamon Elliott immediately gave the order, and then he tidied himself up and headed for the meeting room.
Soon, the company's top management was all present.
After a brief introduction, Lamon Elliott got straight to the point, scanning the group with a sharp gaze.
'Everyone, let's analyse the current situation immediately. We must make a choice in the race against time.'
As soon as he had finished speaking, one of the vice presidents spoke up and said, 'Boss, Bright Fund could have actually refrained from launching a VAM against us. They have plenty of shell companies at their disposal, but they have appeared without any attempt at concealment, which means that the meaning is actually very clear!'
Another senior executive immediately agreed, 'Yes, with the strength of Bright Fund, coupled with their allies, the Jiuding Consortium and the Southeast Asian Consortium, they could completely reap us together if they wish. Now their act of inviting us is, I think, mainly to intimidate us, so that we hurry up and side with them.'
'I agree. With the strength of Bright Fund, attacking the Swedish financial market alone, whether long or short, can actually be won. The difference is only the difficulty and length of time. At present, the main short seller is a domestic Swedish capital company. If Bright Fund wants to join forces with them, they would not have told us in this way.'
'I think Bright Fund's goal is to defeat the Swedish foreign exchange market and stock market, and then take advantage of the opportunity to buy low. They are unlikely to take over the Swedish market at the current high price. We should seize this opportunity...'
'...'
One after the other, the senior management expressed their views. Apart from a few who held a different opinion, most of them believed that this was a strong signal from the Bright Fund.
And that was also how Lomond Elliott saw it.
Everyone's attitude increased his confidence, so he decisively ordered that all existing contracts and stocks be liquidated immediately, and that they withdraw from the Swedish market and put their funds in the safe!
A similar scene was playing out within many financial companies.
Many financial institutions were afraid of the might of the Bright Fund and were very cautious about standing against it at this time.
As for short-term investments in the past?
That goes without saying.
Harvest the profits while you can!
If you wait too long, the profits will decrease significantly, and the actual profits you reap will be seriously reduced.
These concentrated actions of international hot money suddenly left the defenders of the Swedish financial market dumbfounded!
The overwhelming number of sell orders for stocks and the harvesting of large quantities of currency market contracts caused the Swedish stock market to plummet, while the exchange rate rose sharply.
This sudden and violent reversal of the situation completely panicked Peter Wallenberg and Ingvar Carlsson.
The two men spoke on the phone immediately and reached a consensus.
The exchange rate could be brought down to a suitable range, but the stock market must not collapse!
If the stock market collapsed, Sweden's economy would definitely suffer a heavy blow, and the foreign exchange market would also completely lose ground.
Mobilise all forces immediately to prepare to save the market!
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