Chapter 711 – Jo Jae-Ang
Performance stress.
If you’re a Wall Street fund manager, you definitely have to live with it.
‘Honours Student’ is no exception.
There is no such thing as graduation in social life.
‘The stock market is truly a piece of shit.’
The same was true for John Volker, an investor of 20 years.
He is a very good fund manager.
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『Best Hedge Funds of 2021』
1. Bridge Associates ＋127.5%
2. Renaissance Group ＋111.8%
3. Millennium Operation ＋93.4%
4. VGI Investment/Advisor ＋86.5%
5. Citydel ＋79.7%
6. John Volker Capital ＋76.2%
7. CW Securities ＋75.8%
8. Wellingtong Management ＋66.3%
9. Baupost Group ＋61.9%
10. Angelo Gordon Management ＋58.7%
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My name is always listed in the rankings.
In particular, this year, it showed off its spirit of being ranked in the top 10.
3 times the market rate of return.
It is difficult for general fund managers to even keep up.
“The influx of new investors is unprecedented. There is no doubt that last year’s returns have boosted your reputation!”
“Hmm…”
You must be happy.
It’s okay to be satisfied.
I just can’t be complacent.
‘This damn world.’
You must consistently produce results.
If you did well last year, you must do better this year.
CNN− “Cathy Tree’s ARK portfolio is headed for a shipwreck”
What if not?
That is an example.
Cathy Tree was a star manager born from the Corona Grand Prize victory.
“But if it becomes like Cash Tree… It will run out like a flood. Investors these days have no patience.”
It completely collapsed along with Tesla.
Every single statement is met with ridicule.
I saw it.
I don’t want to be like that.
It will never end up as a cache tree.
‘It’s a specification.’
Performance.
This is why it is inevitably important.
In this world, profit determines everything.
“I would consider moving to another fund at any time, especially…”
“You mean that guy?”
“Yes, interest is growing.”
But the situation is not good
Stock market.
This is because the fear of decline has struck.
The market atmosphere is changing.
Even investors who were confident.
“Regardless of whether he was right or wrong, it is true that he predicted a decline. Russia is also acting unusually.”
It’s worth it to be scared.
The investment environment is worsening.
In fact, stock prices also go down.
In the meantime, I saw it.
There is more than enough prey to make up for the loss.
“You definitely deserve to be confident.”
“That’s right.”
“To the point of hoarding tens of billions of put options.”
Lee Chan-wook’s maneuvers.
It has been a hot topic since last year.
I made a ridiculous bombshell statement.
《I can say that I am a young Warren Buffett now.》
It makes no sense.
That can’t be possible.
But now, half a year has passed.
Gulp!
There seems to be a possibility.
His name was listed in the rankings.
In fact, there are rumors that it is more than that.
‘It’s true that he’s a really great guy.’
This is just the tip of the iceberg compared to Korea’s profits.
The growth rate is at a level that makes no sense.
What if you hit the jackpot with put options?
It may really be close to Berkshire Hathaway.
“It won’t work out like that this time. Even if I tried to be greedy, I was too greedy.”
But I made one mistake
The position has been exposed.
This is an important part.
Even if the bear market continues.
“I spread out the strike price and expiration date. I held positions not only in the index but also in individual stocks.”
“What are the results?”
“It was just a matter of time. If you’ve traded options on that scale and have confidence, it’s a simple matter.”
What if it soars on the expiration date?
A put option becomes a piece of tissue paper.
There is a strategy to use it.
‘As long as you know the position, you can make a plan.’
Senior analyst’s report.
This is very satisfying content.
It is rewarding to receive an annual salary of tens of millions of dollars.
There is everything you want.
In order to take advantage of this situation.
“What about other funds?”
“At least my classmates seemed to think it was an opportunity.”
“Hehe, I guess so.”
A tacit agreement is needed.
Market participants are looking in the same direction.
‘I guess everyone thinks the same way, right?’
A series of bad news.
I feel pressured to hold a long position.
But I don’t want to see any losses.
Investors want to be unreasonable.
“It won’t be difficult. The investment bank that issued the put option probably doesn’t want to take a loss, and the current market has many potential buyers.”
It is possible.
Loss.
If someone writes Dokbak for you.
‘My expected scenario is the same.’
CW Securities.
You are holding too many put options.
There is not enough hedging.
There is virtually no resistance to attack.
If organizations come together, more than enough can be done.
“He was like a boil on his butt from the beginning.”
“That’s right.”
“There are probably more than one hedge fund targeting the same thing as us.”
The perception itself is also bad.
On Wall Street, the world’s financial center.
‘If Asians show off like that, what will our reputation be like?’
It is also a macho society centered on white men.
The PC was the only one that could not be penetrated.
It is the pride of Wall Street people.
To be honest, I find Lee Chan-wook’s presence annoying.
‘That’s right.’
‘I should have paid a fair amount too.’
‘It wouldn’t be a bad idea to kill Foot at this opportunity.’
Such a story.
Many organizations are interested.
Both rationally and emotionally.
It’s also a pretty good offer.
It makes no sense to control the stock market arbitrarily.
“There was quite a response.”
“I guess so.”
“If hedge funds come together and raise it, investment banks will not interfere in the least.”
There is nothing that cannot be done within a day before the expiration date.
If you focus on some large stocks.
‘It would be enough to manipulate the pitching mind.’
The only variable is investment banking.
It is a big player on Wall Street.
Manages the largest amount of assets.
It’s good for them too.
This is because the entity that issues options is an investment bank.
What if Lee Chan-wook hits the jackpot with put options?
He is bound to suffer as much loss.
“If we do well, they may cooperate. We will have to wait until the day to find out, but even in the AI simulation, the probability of being neutral or higher was overwhelmingly high.”
Such market principles are the foundation.
AI analysis also points in the same direction.
An attack worth trying.
No, it can be called an investment.
Here on Wall Street.
‘We need to make them realize that they won’t succeed just because they speak well or are lucky.’
It’s everyday life.
That is natural.
It is not for nothing that they do not make aggressive investments.
This is how tall flowers get cut off.
Those who are intoxicated with themselves will be expelled from the market.
“There’s no need to go all the way to AI. Just use common sense.”
“War is such an absurd delusion.”
“That’s what I want to say to that guy’s face.”
“That day will not be far away.”
“Hehe.”
It can be safely peeled and eaten with no risk.
There is really nothing that can be called a risk.
Maturity date.
All you have to do is buy 0DTE and spot money and upload it.
‘So you should have known your topic.’
This is an opportunity to build up your performance.
It’s no wonder that Volker’s lips are filled with joy.
It also kills potential competitors.
It was an extremely common sense decision.
* * *
Ukraine.
The border area adjacent to the Crimean Peninsula has been in turmoil recently.
‘No, it’s not something that happens in a day or two…’
Nikolai Fedoro is an ordinary citizen of Ukraine.
Except for one thing.
Rattling!
It means living in the border area.
If you go just 1km away from where you live, you are in Russia.
It wasn’t like this from the beginning.
An incident that happened eight years ago changed daily life.
“Those bastards are doing that again.”
“How many days has this been going on?”
“What could have been a few days could have been three months!”
The Donbas War.
The Crimean Peninsula was robbed by the Russian invasion.
Your village has become the closest border.
That’s why I feel something.
‘No way again.’
What a friend said.
It’s not an exaggeration.
The atmosphere has been unusual since October of last year.
Russian soldiers come in whenever they get the chance.
The momentum is quite different from usual.
“There won’t be a real war, right?”
“The government says it’s okay.”
“You want me to believe it even after seeing that?”
“Umm…”
It seems like they are trying to launch a large-scale war.
Even medical units and supply units.
Gulp!
If it is a simple demonstration of force, there is no reason to mobilize.
I wouldn’t be a fool to throw money on the ground.
That foolishness.
If it is being done on a large scale, it is reasonable to assume that there is some intention.
CNN− “Ukrainian President Zelensky urges the West to stop fomenting crisis”
It’s frustrating that the president says no.
At the same time, I wish it were so.
“If I didn’t have a house here, it would have happened a long time ago.”
“My words.”
“I don’t know what those kids are up to, but I’m sure they are different from usual.”
The feeling is coming.
There are many things you learn when you live in the border area.
I become stronger.
I’m not surprised by most things.
That kind of confidence too.
‘Starting with the soldiers’ strides.’
They are not people just to make up the numbers.
I saw it through a telescope once.
Living.
Those were the eyes of someone who had killed someone.
Just thinking about it sends shivers down my spine.
“Should I post this on social media?”
“So…”
“If a military expert finds out, our position might be conveyed.”
A specific explanation is just impossible.
There is no place to go and complain.
Todog, talk!
War clouds were already escalating.
