Also in New York, on the same day, at the KY Investment Fund headquarters just a few blocks away from the Quantum Fund headquarters, David Anderson was reporting to Yang Jing on Pacific Capital's gains in the Asian financial crisis over the past year.
"Boss, your judgment is correct. If you hadn't told me not to participate in the Hong Kong dollar blocking war last year, Pacific Capital would have really been on the other side's blacklist." David said excitedly, "My agent used the funds that Niamh transferred from Europe to enter the market at the last minute and assisted the Hong Kong government in defeating several major investment banks. This not only allowed us to gain more than 2 billion US dollars in that final decisive battle, but also earned us the other side's favor."
Yang Jing smiled and nodded, saying, "That's right. David, don't forget that we are just speculating. Since it is speculation, don't think too much. Profits are the most important thing."
"I know, Boss. Henry has been making plans for the other side over the years. Now that the economy of the other side is getting hotter and hotter, our plans are about to reap greater rewards. I can't destroy the company's overall layout at this critical moment. Besides, those guys from Goldman Sachs and Merrill Lynch are too greedy. In the early stage, they have made no less than 70 billion US dollars in profits from Southeast Asian countries, Japan, South Korea and even Russia. In the end, they even wanted to eat up Hong Kong's foreign exchange reserves, which is a bit too much. Boss, I always remember a Chinese idiom you said, "Too much is as bad as too little", so they are really completely wrong this time. The most important thing is that I also saw the actions and responsibilities of the Chinese government in the decisive battle ten days ago! In comparison, our federal government is too bad. In the stock market crash ten years ago, I didn't see any responsibility and actions of our federal government."
Yang Jing waved his hand and changed the subject, saying, "David, let's not talk about those high-level things. Let's talk about what we have gained in the past year."
"Okay!" David seemed very excited. "We started planning in 1996, the year before last, and the financial crisis in Thailand really broke out as we expected. As soon as many hedge funds, led by Soros's Quantum Fund and Robertson's Tiger Fund, started trouble in Thailand, we immediately followed up. However, in the early stage, given that the foreign exchange reserves of Southeast Asian countries were not very large, the amount of funds we invested was not large. After all, our main battlefield was still in Japan."
"In the past year or so, we have made a total of $34 billion in net profit from the Thai baht, Indonesian rupiah, Philippine peso, Malaysian ringgit, Singapore dollar, Taiwan dollar, Korean won, ruble, and the Japanese yen, which has been depreciating. However, we have many agents, and they are not noticeable when they are scattered. I am afraid that Soros and Robertson would not have thought that we had also entered the market."
Yang Jing nodded and praised: "That's what we should do. Stealing food from others will make people jealous, so as long as we have this condition, we should try not to expose ourselves."
"Don't worry, Boss. During the Asian financial crisis, Pacific Capital had more than 110 agents. Each agent only controlled funds ranging from 100 million to 300 million to 400 million US dollars. Moreover, most of these agents were mainly in Europe. The main flow of funds was through our bank and UBS. Therefore, it is impossible to catch us simply from the flow of funds. These agents look like ordinary European small and medium-sized investment institutions. There is no need to worry about us being discovered."
Yang Jing nodded. With David's experience and means, it was really nothing to integrate such a small number of agents into the huge international hot money. You have to know that in 1997, there were more than 3,500 hedge funds in the United States alone, and more than 2,000 but less than 3,000 hedge funds in Europe. With so many hedge funds, only a few hundred agents were mixed in. It was really like pouring a glass of water into a lake.
Unless the flow and source of funds of these agents can be mastered, it is absolutely impossible for the outside world to find out the true identity of these agents.
Although doing so will lead to an increase in costs, compared with the security and huge profits, this cost increase is nothing.
"Boss, the financial systems of those small countries in South Asia are really rotten. With one charge, they are completely defeated. Our funds are completely dispersed, so we are not noticeable. Moreover, we have always been following Soros and those big investment banks. So while we are making profits, we can also watch the big investment banks and local governments fighting each other. Haha, to be honest, although it looks fierce, it's really not that interesting. Compared with these investment banks, the governments of those countries are not on the same level at all. It's a one-sided crushing."
"Haha, you have become more discerning because of the Japanese market. You don't even care about a battlefield worth hundreds of billions of dollars?" Yang Jing teased with a smile.
"Boss, I'm not exaggerating. I really don't care about such a small market. The market is so small. If we go all out, we can probably push the economies of those countries back to the state before World War II in one go..."
Well, if I were to show off, I’d give it a score of 9.8!
However, thinking back to more than ten years ago, before David and Henry joined the KY Investment Fund, they could only control a few hundred million dollars of funds at most in their respective investment banks. As a result, more than ten years later, let alone hundreds of millions of dollars, they no longer cared about even tens of billions of dollars.
It's no wonder. After more than ten years of training in KY Investment Fund, David, Niamh, Henry and the others are all financial giants controlling hundreds of billions of dollars. They really don't care about a mere few hundred billion dollars.
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