章節 663: Chapter 663: No One Knows the Treasure Sword
"Mr. Julian, it seems you didn't go up just now. Would you be so kind as to share your views on the financial situation in the UK and internationally?'
Because he had something up his sleeve, Xia Yu took the initiative to start the conversation.
Julian Robertson was a little surprised, and then said with a faint wry smile, 'Mr Xia, you are overestimating me. I am in no position to go up there and express my own poor views. I am just an ordinary employee of a medium-sized investment bank in the United States. Going up there would be embarrassing.'
'If you are willing to waste your precious time on me, I would of course be happy to explain my humble views to you.'
Xia Yu smiled and made a gesture of listening attentively: 'Mr Julian, you are too modest, please!'
In this world, no matter who you are, you want to have a loyal listener. So when Xia Yu solemnly prepared to listen, not as a mere courtesy, Julian Robertson was very pleased and was in high spirits, determined to do his best to show himself.
Although he didn't know exactly what Xia Yu's identity was, he himself was indeed an employee of a medium-sized investment bank. The only difference was that he had worked at Kidder Peabody Securities in the United States for 19 years and was a highly qualified pillar talent, one of Kidder Peabody Securities's best stockbrokers, not an ordinary employee.
This gathering in London's financial industry was also a coincidence, and the specific reason was not worth mentioning.
Xia Yu listened quietly to Julian Robertson's presentation of his views, nodding from time to time.
Seeing Julian Robertson so young gave Xia Yu a strange feeling.
He felt this way because, like George Soros, Xia Yu also possessed some of Julian Robertson's memories, albeit a later version.
In this venue, not even Julian Robertson himself would have known how high his future achievements would be or how legendary his experiences would be.
Xia Yu knew that although Julian Robertson was still working at Kidder Peabody & Co., the nineteen years of experience he had gained had given him the knowledge and ability to fly solo.
There were many people like him on Wall Street, with their own unique investment philosophies, who wanted to freely pursue their ambitions and create amazing wealth, and so chose to start their own businesses.
The only difference is that some of them are fresh graduates who naively rush in, while others wait until they are old and about to retire, choosing to take a chance in this magnificent era.
Julian Robertson had been working there for 19 years, and felt that the company's restrictions and influence on him were becoming more and more obvious. Much of the work was not what he wanted, and it wasted too much of his time and energy, not helping him grow. The idea of resigning and starting his own business had already risen in his heart.
According to the original trajectory, Julian Robertson would have founded his own investment company, Tiger Global Fund (Tiger Fund for short), in May 1980, focusing on global investment.
Because the Kydell Peabody Securities Company where he originally worked was only a medium-sized investment bank, and there were plenty of financial companies of this level on Wall Street, so few people knew of his abilities and trusted him.
Tiger Global Fund is not an ordinary investment bank, but a hedge fund, also known as a risk aversion fund or hedging fund, meaning a 'risk-hedged fund'.
Hedge funds use various trading methods to hedge, transpose, short, and hedge to make huge profits. These concepts have gone beyond the traditional scope of operations to prevent risks and guarantee returns. In addition, the legal threshold for initiating and establishing hedge funds is much lower than that for mutual funds, which further increases the risk.
In order to protect investors, the US securities regulatory authorities have included them in the ranks of high-risk investment products, strictly restricting access by ordinary investors. It is stipulated that there should be less than 100 investors in each hedge fund, and the minimum investment amount is US$1 million.
Tiger Fund has a high investment threshold and high risk, and Julian Robertson does not have a sufficiently well-known reputation or a sufficient track record.
This resulted in the newly established Tiger Fund having a starting capital of only US$8 million.
This amount of money is considered minimal on Wall Street, where big players abound. It is not easy to make a name for yourself, and if you are not careful, you will be eaten up by the big players.
However, since he was not well-known, apart from the one million dollars he had saved, the other 7 million dollars of investment came from his old customers. Outsiders did not know his abilities and would not give him their trust.
So with this initial capital of 8 million dollars, Julian Robertson began to work hard at development.
After nearly ten years of dormancy, the initial capital of 8 million US dollars had swelled to 1 billion US dollars.
Next, with a large amount of capital in hand, leverage can be used to amplify the capital to tens or even hundreds of billions of US dollars. In this case, the Tiger Fund had already gained considerable power.
Julian Robertson began his legendary journey. He first accurately predicted that the German stock market would enter a bull market after the fall of the Berlin Wall, and aggressively went long on German stocks.
At the same time, he shorted the stock market, which was at the peak of the bubble, and sucked the blood of the small island country.
Then in 1992, he predicted the catastrophe of the global bond market, and in 1993, he teamed up with Quantum Fund to attack the British pound and lira, which was successful and created huge profits, and he gained a great reputation internationally.
By 1996, the Tiger Fund had reached a size of 7.1 billion US dollars, and by the summer of 1998, its total assets had reached a peak of 23 billion US dollars, making it the largest hedge fund in the United States for a time.
Its past impressive track record made every move of the Tiger Fund a matter of concern for countless industry peers. Every time the Tiger Fund made a move, it was followed by countless international hot money. What's more, the Tiger Fund could also use financial leverage, which allowed it to influence the flow of hundreds of billions of dollars in capital.
The Tiger Fund's deterrent effect was comparable to that of a financial peacekeeper!
The initial investors also reaped a 2,600-fold return. After deducting all fees, the annual return for investors was as high as 31.7%.
Unfortunately, in the second half of 1998, the elderly Julian Robertson, like Warren Buffett, shunned technology and Internet stocks, resulting in some kind of investment mistakes, a downward trend, and investor dissatisfaction. There was a massive outflow of funds, and the entire hedge fund industry also shrank significantly at the time. All these reasons ultimately forced Julian Robertson to end the operations of several of his major funds.
But even so, in later generations he was still a financial tycoon worth billions of dollars.
It can be said that Julian Robertson is now a young tiger about to emerge.
In Xia Yu's opinion, the past life of ten years of dormancy due to financial constraints was a complete waste of his abilities and talents.
Even so, he was still able to become an elite of his time on the same level as George Soros. The two were definitely the talk of Wall Street.
George Soros had already joined the Rothschild family and the Quantum Fund had already grown to a certain scale, so there was no way he could be recruited.
On the other hand, Julian Robertson had yet to become successful, so he could be recruited as an ally and let him open up new territory for himself.
People like Wang Qi, Liu Tianci, George Berkeley and Jason Gregg, who are now under Xia Yu's command, were either buried or died young in their previous lives. Even if they grow up, they are still not as good as the top elites like Julian Robertson.
I believe that with his financial support, Julian Robertson will definitely take off, and Xia Yu will then have planted a strong and powerful pillar in the United States.
It is not easy to find such a sharp knife. The Rothschild family has only recruited a handful of people over the decades, including George Soros. Now Xia Yu has met one and of course does not want to miss it.
His Jiuding Group desperately needs such top elites!
Xia Yu has Julian Robertson's memories and knows him very well.
If Julian Robertson is recruited under his command, the success rate will still be very high, depending on how Xia Yu operates.
The first thing to do is to appeal to his interests and convince him with your abilities and knowledge in his area of expertise.
In this world, there are very few people who can beat themselves, let alone beat their full selves?
It is interesting to use the investment philosophy that Julian Robertson summed up in his later years to target him in his middle years.
Upon thinking about this, Xia Yu listened quietly, and once he found a way in, he immediately took action and picked up the conversation.
'Mr Julian, international crude oil prices have skyrocketed, inflation is now serious in the United States, the Federal Reserve is passing on the pressure to accelerate the interest rate cut cycle, and the depreciation of the US dollar will continue for a long time...'
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票