v3 Chapter 670： No one knows the treasure knife

"Mr. Julian, I didn't seem to see you go up just now. Would you have the honor to listen to your views on the British and international financial situation?"

Because of his calculations, Xia Yu provoked the topic.

Julian Robertson was a little surprised, and then said with a bitter smile: "Mr. Xia, you look too high at me. How can I be qualified to express my botched opinions? I'm just an ordinary employee of a middle-sized investment bank in the United States. "

"If you are willing to waste precious time on me, of course I would be happy to explain to you a little bit of my common point."

Xia Yu smiled and made a respectful gesture: "Mr. Julian, you are too modest, please!"

In this world, everyone wants to have a loyal audience, so seeing that Xia Yu is not polite, but is solemnly preparing to listen, Julian Robertson is very happy, with a spirit of twelve points, and intends to do his best. Do your best to show yourself.

Although he does not know what Xia Yu's identity is, he himself is indeed an employee of a medium investment bank. The difference is that he has spent 19 years at Kidal Peabody Securities in the United States and is a highly qualified supporter. Talent is one of the best stockbrokers of Kidder Peabody Securities, not an ordinary employee.

It is also a coincidence that this time to attend the financial industry gathering in London, the specific reason is not worth mentioning.

Xia Yu quietly listened to Julian Robertson's statement and nodded from time to time.

Seeing Julian Robertson so young, Xia Yu had a weird feeling.

There is this feeling because, like George Soros, Xia Yu also has part of Julian Robertson's memory, but it is a later version.

In this venue, even Julian Robertson himself will not know how high his future achievements will be and how legendary his experience will be.

Xia Yu knew that although Julian Robertson was still working at Kidd Peabody Securities, his nineteen years of accumulation has given him a degree of knowledge and ability, who graduated from the Business School of the University of North Carolina. Already have each flying alone.

On Wall Street, there are many people like him who have their own set of investment philosophy. They want to freely display their ambitions and create amazing wealth, so they choose to start their own businesses.

The only difference is that some people just graduating from college, they just rush in innocently, and some get into their old age when they are about to retire and choose to fight in this magnificent era.

And Julian Robertson has been through it for 19 years, and felt that the company’s constraints and influence on him became more and more obvious. Many jobs were not what he wanted. It wasted too much time and energy for him, and it did not help his growth. Now, the idea of ​​resigning and starting a business has arisen in his mind.

According to the original trajectory, Julian Robertson will start his own investment company-Tiger Global Fund (referred to as Tiger Fund) in May 1980, focusing on global investment.

Because Kidel Peabody Securities, where he originally worked, was only a medium-sized investment bank, and financial companies of this level had a lot of Wall Street, so few people knew his abilities and trusted him.

The Tiger Global Fund is not an ordinary investment bank, but focuses on hedge funds, also called hedge funds or hedge funds, which means "risk hedged funds."

Hedge funds use various trading methods to hedge, swap, hedge, 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 the initiation and establishment of hedge funds is much lower than that of mutual funds, which further increases the risk.

In order to protect investors, U.S. securities regulatory agencies have included them in the ranks of high-risk investment products, strictly restricting the intervention of ordinary investors. It is stipulated that each hedge fund should have less than 100 investors, and the minimum investment amount is 1 million US dollars.

The Tiger Fund has high investment thresholds and high risks, and Julian Robertson does not have enough reputation and record.

This resulted in the newly established Tiger Fund with only a starting capital of 8 million US dollars.

This little money is put on Wall Street where predators gather. It is not easy to do a business. If you don’t pay attention, you will be eaten by predators.

But he is not well-known. Except for the one million dollars he saved, the other seven million dollars of investment were all drawn from his old customers. Outsiders don’t know his abilities and will not trust him. .

So with the initial capital of 8 million US dollars, Julian Robertson began to focus on development.

After nearly ten years of dormancy, the initial capital of the eight million dollars swelled to one billion dollars.

Next, with a large amount of funds in hand, the use of leverage can magnify the funds to tens of billions or even tens of billions of dollars. In this case, the Tiger Fund has already gained considerable power.

Julian Robertson started his own legendary road. He first accurately predicted that after the fall of the Berlin Wall, the German stock market would enter a bull market, and he was going to be long German stocks.

At the same time, short-selling the equity stock market, where the bubble reached its peak, sucked the blood of small island nations.

Then he foresaw the disaster of the global bond market in 1992, and successfully attacked the British pound and the lira in 1993 with the Quantum Fund, which created huge profits and made an international reputation.

By 1996, the size of the Tiger Fund had reached US$71, and by the summer of 1998, its total assets had reached a peak of US$23 billion, making it once the largest hedge fund in the United States.

The past impressive record has made the Tiger Fund’s every move and every move attracted the attention of countless peers. Every time the Tiger Fund is launched, there are countless international hot funds that follow the trend. In addition, the Tiger Fund can also use financial leverage, which makes the Tiger Fund can affect hundreds of billions. U.S. dollar working capital.

The deterrence of Tiger Fund can be called the level of financial peace messenger!

The initial investors also received 2,600 times the report. After excluding all costs, the investor's annual return rate was as high as 31.7%.

Unfortunately, in the second half of 1998, the elderly Julian Robertson, like Buffett, kept away from technology stocks and Internet stocks. This led to some kind of investment mistakes and began to decline, which caused investor dissatisfaction and large-scale funding. At that time, the entire hedge fund industry also shrank significantly. Various reasons eventually forced Julian Robertson to end the business of many of his major funds.

But even so, he is still a multi-billion dollar financial magnate in later generations.

It can be said that today's Julian Robertson is completely a tiger cub about to be released.

In Xia Yu's view, the ten years dormant in the previous life due to funding reasons completely wasted his ability and talent.

Even so, he can still become an elite of the era at the same level as George Soros, and the two are definitely Wall Street figures.

And George Soros has already invested in the Roshill family and the Quantum Fund has grown to a certain scale, it is completely impossible for him to earn under his command.

However, Julian Robertson has never made his mark, so he can be used as a feather and let him open up territory for himself.

People like Wang Qi, Liu Tianci, George Berkeley, Jason Gregg and others under Xia Yu’s current life were either buried or died. Even if they grow up, they can’t match the top-notch ones like Julian Robertson. Elite.

I believe that with his financial support, Julian Robertson will definitely take off, and Xia Yu will insert a solid and powerful pillar in the United States.

Such a sharp knife is not easy to find. The Rohill family has only collected three or five people, including George Soros, for decades. Now Xia Yu has encountered one, of course he does not want to miss it.

His Jiuding Consortium desperately needs such top elites!

Xia Yu has the memory of Julian Robertson and knows a lot about him.

With Julian Robertson under his command, the success rate is still very high, it depends on how Xia Yu operates.

The first thing to do is to use what he likes and to convince him with his ability and knowledge in what he is best at.

And in this world, there are very few people who can defeat themselves, let alone defeat the complete self?

It's interesting to think about the investment philosophy that Julian Robertson summarized and formed in his later years to target him in his middle age.

Thinking of this, Xia Yu listened quietly, and after finding an entry point, he acted immediately to take the conversation.

"Mr. Julian, international crude oil prices have skyrocketed, and now the United States is experiencing severe inflation. The Federal Reserve is passing on pressure to accelerate the interest rate cut cycle. The depreciation of the dollar will continue for a long time..."

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