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Chapter 755 Chapter 762 Barclays Hedge Fund

In London, the copper price has fallen to 5932 US dollars at this time, and the downward trend has not stopped. The first wave of follow-up trading has started the second short-selling. Gradually reduce positions.

It's no wonder that while following the trend to make money, the main force is also calculating these follow-ups. On the one hand, they are suppressing the price of copper futures. Mainly.

"Sell 5940 lots at $20, place an order at the market price, and see how the market responds, and withdraw all orders when it reaches $5940." Yokono Yamashima, who has been paying close attention to the market, ordered that he had always wanted to see the previous order. The reaction of the long main force, who knows that the main force has not responded after the price of copper fell by 10 dollars, he suddenly thought of a possibility, which made him change his original mind and asked the traders who had been waiting for a long time to enter the market .

In Yokono Yamashima's mind, the possibility that made him change his mind was that the main force of bulls might choose to hold positions for a long time, so in his future plan to raise copper prices, these positions seemed to be hitching a ride, and it was easy Earn huge profits for nothing.

This is what he doesn't want to see. What he has to do now is to let these long positions take the initiative to leave the market.

Finally, the copper futures price on this day closed at 5937 US dollars, and the number of trading lots reached 50 lots, an increase of 14 lots from the previous day. With the end of daytime in the UK, off-site copper trading has also entered garbage time.Although the market claims to be 24 hours, brokers also need to rest.

But until the closing time, Yokono Yamashima was not sure whether the bulls had left the market.

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The next day Lin Haocang received a call from Anthony, and only then did he understand what happened last night. For a while, he couldn't figure out what happened. Can reluctantly give up, and ordered Anthony to continue to purchase spot copper, while waiting for the next change in the market.

On May [-]st, it was the weekend, and Lin Haocang specially flew to London on this day for the investor meeting of the Barclays hedge fund.

Barclays Hedge Fund was established in 1988, which was established in the same year as the well-known Renaissance Technology Hedge Fund. Like Renaissance Technology, the founder Rogers also focused on short-term trading and quantitative model trading, and recruited mathematicians and the scientist.

There used to be such a joke: When Rogers heard his employees say that it would take 3 to 8 weeks to build a trading model, he immediately flew into a rage, and he was very unimpressed by this kind of inaccurate report.Later, these employees learned to behave well. When reporting similar work, there will be a deviation of 2 weeks before and after. Although in reality it is still 3 to 8 weeks, it is precisely this reporting method that can arouse Rogers. appreciate.

Rogers came into finance from Stanley & Co., before starting his own hedge fund.Since its establishment, his econometric analysis team has been studying stock price models and option price models, looking for signals from stock price changes through nonlinear models, and finally operating through these unchecked data, and soon they are in the market Big hit.By 04, their employees had reached hundreds of people, and their daily turnover was very large, ranking among the top of the exchange!
When Lin Haocang and James walked to the high-end office building on 45th Street in the West End of London, they were greeted by the staff of a special public relations company. They were responsible for leading these investors to visit the workplace of the Barclays hedge fund, and arranged for some staff to give them Answer the questions raised.Afterwards, there will be a dinner party where people from all walks of life will gather to listen to Rogers' predictions on the market and his outlook on the future.

The entire investor meeting is probably such a process. The reason for holding such a meeting is to shorten the relationship with investors.The second is persuading these investors to continue to give generously.

When Lin Haocang and James walked into the hedge fund.I was surprised to find that the dresses of the employees here are different from those of the orthodox financial street elites. Specifically, they are dressed casually, and even reveal a touch of Bomisian style, which is different from the elegant suits, bright ties, Shiny leather shoes are very different from bankers with scrupulous heads.

This is not the most surprising to investors.Because then they found sleeping bags in employees' offices.Although Wall Street elites are all workaholics.However, those investment bank employees absolutely do not have the tradition and habit of sleeping in the office. Even if they need to work overnight, the investment bank will send a car to take them back to their residences in the early morning of the next day.Wait for them to take a shower and change clothes before taking them back to the company.

"If you don't go home, you will be able to concentrate more!" A young man with thick eyebrows, big eyes and a high nose bridge saw the confusion in everyone's eyes and explained without losing the opportunity.

All the investors nodded their heads, and it didn't take long for them to focus on other places. Only Lin Haocang and James were standing in front of the sleeping bags, whispering to each other without knowing what they were talking about.

This young man also found out that among this group of investors, these two investors are the youngest, especially among a group of middle-aged and elderly people with big bellies.He was very surprised, and the idea of ​​making friends came into his mind.

Generally speaking, people who want to start their own business will pay great attention to customer channels, especially those who have money and are willing to invest. At this time, the young man has already had the urge to start a business in his heart, but he will This idea was hidden in his heart, and this day happened to be a meeting of some investors, so he volunteered to act as a receptionist.

"Both of you, what can I do to help you?" The young man walked up to Lin Haocang and James, nodded slightly to them, with an attitude of knowing everything and talking endlessly.

This move of his undoubtedly won the favor of James. James looked at Lin Haocang, saw that he did not express anything, and said, "I found that you have a lot of computers here, even more than other hedge funds. Some people's desks There are even several computers on the Internet, I don’t know why?”

It turned out to be this, and the young man secretly breathed a sigh of relief. He thought that the two of them would ask questions involving confidentiality. After hearing James' question clearly, he smiled and said, "We are here for quantitative trading. It is based on mathematical models and operates in a probabilistic manner, because computers have unparalleled advantages in modeling and trading, so we have a lot of computers here."

But in his heart, there was a thud and waves.He heard clearly that the client mentioned other hedge funds in his speech just now. Obviously, he has also been to his peers. You must know that transparency and openness are the two things that the hedge fund industry hates the most. The identities of ordinary people certainly cannot enter the interior of these hedge funds.So the client must have invested in other hedge funds.

(End of this chapter)