Reinventing the Millennium.

Chapter 766 Cooperation
What kind of clients are there in the MIGA fund?
This is a question worth pondering.

The first customer that caught Fang Zhuo by surprise was Zhou Zerong, an Australian fashion businessman. He revealed his identity as a customer when e-buy was in conflict with Gome. The housekeeper popped up again when he was walking with Xiao Ao...

This group of people didn't say anything before, they just quietly invested money, and only jumped out when they really encountered something-Mr. Fang, Mr. Fang, it's me, it's me!
However, Geithner's status is indeed too special.

Unless Xiao Ao also said with a smile now, "Mr. Fang, I am also your client", otherwise, Fang Zhuo couldn't be more surprised.

Fang Zhuo agreed to Geithner's request, and did not make any reservations. He directly handed over the unexpected work to former secretary Zhao Zhishan, and Geithner happily released his assistant when he saw the situation. butt.

Then, consciously or not, everyone turned back and walked around the Rockets' home arena.

Xiao Ao is probably a real fan, such as Fang Zhuo, the team owner, is really that kind. He walked on the floor of the court where the championship was won, couldn't help picking up the basketball, and dribbled two steps left and right.

Zhao Zhishan listened to the sound of the basketball being slapped on the floor, watched the three walking away, and dealt with Geithner's assistant at the same time.

"How many?"

A few seconds later, she couldn't believe her ears when she heard three accounts and nearly $2000 million in investments.

2000 million US dollars, this is a figure that I will not be able to earn in eight lifetimes.

Even if Geithner is a president, it is impossible for him to have so much money based on his resume.

Zhao Zhishan knows Geithner's identity as the president of the New York Fed—this is the most important and influential reserve bank in the Federal Reserve System, which occupies a pivotal position in the financial field of the entire country, and it is also the most powerful bank supervisor.

It can be said that even in an international financial center like New York, Geithner is well-known.

A thought flashed through Zhao Zhishan's mind, and he suddenly felt that perhaps from a procedural point of view, the owners of these three accounts may not have any connection with Geithner, or, um, he has seen a lot of straightforward exchanges in his work these days , today this is just more sudden.

Swish!
The basketball was thrown into the basket and made a pleasant sound.

Fang Zhuo bent down to pick up the basketball thrown by Xiao Ao, and also tried a small shot.

The action is very standard, the accuracy is a bit poor, and the shot is not sticky.

Fang Zhuo didn't believe in evil, he took the ball passed to him by the president of the New York Fed, tried again, and made another three-point shot.

"Mr. Fang, it seems that you are more effective off the court than on the court." Xiao Ao hit the shot again and said with a hearty laugh.

Fang Zhuo didn't just listen to the superficial meaning when he heard this, he also said with a smile: "I just need to have vision, this matter is more important."

Team building requires insight, fund investment requires insight, and lobbying parliamentarians requires insight, but this is a simple matter for Fang Zhuo.

Geithner agreed: "Mr. Fang's vision is indeed very good. Many stocks invested by MIGA Fund have quite amazing performance."

Xiao Ao listened with a smile, seeing that the two of them did not start, he continued: "The Rockets have won two championships, and it will be difficult to win the third championship next year. Thomas, who is an important defensive puzzle, will definitely go out next season to find a pensioner." Big contract, right? I heard that Sura is going to retire? Yao Ming signed the max salary, and the salary space brought by his rookie contract is gone.”

When Fang Zhuo heard this, he was really serious about discussing the team. After pondering for a while, he said, "Fortunately, Nash was not brought in with a maximum salary. It's okay for Sura to retire. He really can't keep up. I'm still very grateful to Thomas. Yes, without his defense, we probably won't win the championship, and I wish him a good contract outside."

He shook his head slightly: "The general manager of the team intends to find players from overseas, and wait until the free market starts next month to see if there are any suitable veterans who want to hit the championship. That would be such a pity."

Xiao Ao nodded and agreed: "This is a career that can be compared to the Lakers and Bulls."

Fang Zhuo smiled and said, "We are the defending champions now, do you like the Bulls or the Rockets?"

"Next season, I will definitely support the Rockets to hit the championship. I will stand by the Bulls except for the game between you and the Bulls." Xiao Ao shrugged. People are very sorry.

He asked one more thing: "When the White House received the NBA champion last year, President Fang didn't seem to be there? Isn't he with the team this year?"

The White House has a tradition of receiving NBA championship teams over the years.

But Fang Zhuo felt that it was not necessary, and he was busy working on ice cores last year, so he didn't have the time to travel to the United States again, so he didn't attend.

He hesitated for a moment, and replied: "I was busy with fund affairs at the time, and it depends on the situation this year. After all, the Fed raised interest rates again last month."

Fang Zhuo glanced at Geithner.

美联储在01年到03年一直开闸放水，连续13次下调基准利率，而从04年到今年又连续17次加息，利率从1%提高到5.25%。

It can be said that real estate is also a chamber pot in the United States.

Geithner easily confided the news: "This is the last rate hike. The scale of mortgage-backed securities this year is too large, accounting for almost 8% of mortgage balances. This is not a good sign."

"We are concerned about the knock-on effect of further rate hikes."

He paused, and said: "The financial market is innovating too fast, and I am also a little worried that CDOs, CDSs, and CDOs will allow excessive liquidity of funds to flow into the real estate market, which may bring about the risk of systemic shocks."

Geithner frowned when he said this: "These financial innovations have made our supervision more difficult, and there are many problems."

Fang Zhuo tentatively said: "Does this mean that our fund can withdraw from CDO temporarily? After all, there are regulatory risks and market risks."

Geithner replied flatly: "That's not necessary. Even if there are problems, it's not now. I believe that your foundation has done a good job in risk allocation. There are problems in the market, but there are also opportunities. The problems will eventually be resolved."

Fang Zhuo couldn't grasp what this person meant, and after pondering for a moment, he said, "I plan to learn from Goldman Sachs, pay attention to some CDOs with high risks, and see if I can buy some linked CDS contracts."

"I don't like Goldman Sachs sometimes," Geithner sighs. "It just doesn't feel grounded at certain moments."

Fang Zhuo thought for two seconds. Geithner and Goldman Sachs should be in the same camp. However, the same camp has different heels. Paulson of Goldman Sachs has just taken office, and Goldman Sachs is very popular now.

As for this nonsense...

Probably the two things I hate the most in my life. One is the risky behavior of Goldman Sachs who eats at both ends, and the other is the coldness of not bringing myself to eat.

The MIGA Fund is different.

It can not only open investment doors to customers, but also cooperate with Goldman Sachs, Bank of Washington, Deutsche Bank and others.

　There is still a small chapter that will be released tomorrow morning. I am always a little distracted looking at the materials tonight.

　　In addition to the normal update tomorrow, I will also write about the addition.

　　
　
(End of this chapter)