big financier

Chapter 131 Strategy
"Do you know why I made you do this?"

"I don't know, but there must be some reason for what you do!"

"That's right. Aren't we going to adopt a long-short strategy and a quantitative strategy? As for the quantitative strategy, I have already solved it. This is the long-short strategy. I think about it. For the time being, I might try the brokerage sector first!"

"You want to go long on the high-quality stocks in the brokerage, short the low-quality stocks, and hedge at the same time, don't you?"

"Yes, it seems that you have done your homework and checked the information on the Internet, right? But there are many difficulties here, especially the difficulty of short selling. You also know that our stock market often does not follow the fundamentals. It’s all big-cap stocks that can’t compete with small-cap stocks, and many small hot money rely on trading systems such as price limits to control trading volume to make money, and retail investors also like this.”

"There's no way around it. Some people won't make money if they don't break the rules. Besides, there are many people who play side-by-side." Zhang Feng's tone was very similar to that of Pei Guangqian.

"Well, let's not discuss this for now. You should finish this matter first, and we will study it later. You should also analyze the trend of these two targets during this period. Needless to say, you should you know?"

"There are several securities firms in Jiangbei Province, you mean Warburg Pincus!"

"You should also take a look at the other Chinese characters. Now that you have gone, you should run a little more. After you find the trick, you are the main force of our hedge fund, understand?"

"Okay, I will try my best to report the research to you as soon as possible."

"Then you go, your salary is now starting to rise to 5 a month, just kidding, did you think I treated you badly before?"

"How can it be!"

Zhang Feng's income has doubled all of a sudden, and it's too late for her to be happy now.

Among these few people, Pei Guangqian is still very optimistic about Zhang Feng, otherwise he would not have let her be the fund assistant.

He didn't want to offend any of these people. If Zhang Zuguang hadn't left at the beginning, he could have let him come forward and sing bad faces occasionally, but now he has no choice.

When you open a company now, the boss really can't be too strict with his employees. They will be frustrated every minute and even make the company a mess.

Song Haohao is a lesson, of course Pei Guangqian has always wanted to say this, but the time has not yet come.

The long-short strategy mentioned by Pei Guangqian is because he wants to give 3/1 of the funds, which is 3 million, to the brokerage portfolio in charge of Zhang Feng.That is to say, through reasonable allocation of funds, one go long of the Warburg Pincus stocks that have just been determined, while shorting the same sector at the same time.

As for how to make money, it is necessary to grasp the rhythm of the market, reasonably allocate positions between the two, and take profit at the right time.

Under normal circumstances, if the combination is well configured, it can balance the profits and losses of long and short positions. Basically, no matter how the market fluctuates, you will not experience big losses, and the risk is actually very low.

If you want to make a lot of money, you can only wait for the systemic risk in the stock market to close out your long positions and make money directly by shorting. The profits you get can also make up for part of the losses on other funds.

At the same time, as a fund manager, you can also appropriately increase your short-selling chips and push all the funds to the other side, so you can make money in a big bear market as a matter of course.If you refer to foreign investment tools, this kind of hedge fund can sometimes increase in value by hundreds, thousands or even tens of thousands of times, commonly known as big shorts.

In fact, Pei Guangqian didn't want to just adopt these two current strategies. It's just that the people in the company haven't been really trained yet. They can't share what strategy Jia Yingcai uses for the time being. This guy has covered his skills to death. .

Time passed quickly. In early September, the Shanghai Stock Exchange Index began to slump again after experiencing the diving trend on the closing day in August.

Pei Guangqian remembered that August last year also ended with a big green pillar. In the morning, he was still wondering whether there was an illusion. Unexpectedly, it started to plummet in the afternoon, which is a typical market characteristic.

The newly ignited enthusiasm for bulls has been poured with cold water again. This market is probably hopeless.But this is of course good luck for the new promotion. Pei Guangqian felt that he had ordered Zhou Yifan to arrange the new account and was about to lighten up his positions.

The policies of individuals or departments in some peripheral countries are extremely unfriendly, but the half-brain body has suddenly returned to everyone's sight during this period.

"Do we need to find one or two semiconductor stocks from the technology sector?" Ying Jiashan quickly entered his role and took the initiative to find Pei Guangqian. He also noticed the recent comprehensive information.

"There are so many investors in this sector. There is no market for more than half a year, and the valuation is so high. Only half-brained people will buy it now. Recently, it is said that it will independently research the third-generation semiconductor. The news is from Wall Street in the United States. It was uploaded in the newspaper, so I think it’s better to observe it before discussing it.”

The original report said that our country should research and develop the semiconductor industry by itself, and develop technology with the spirit of making weapons. At first glance, it is the prejudice of the Americans, and the thinking is still stuck in the last century.

There have been reports on this in China for a long time, and it was already last year. The news drifted for more than half a year before going overseas. However, the Americans who released such market rumors at this time must have impure motives. As for why there is domestic investment Those who follow suit must be speculative.

The market responded like this, and semiconductor funds barely rose in the red for two consecutive days, but compared with the previous limit-up hits at every turn, Pei Guangqian still firmly believes that this is definitely not an investment opportunity.

"Then what stocks should I look at now?"

"Xiaoying, you have to understand which sectors our peers are engaged in, and understand other people's investment strategies and portfolios. Sometimes we have to get along with each other occasionally, because good stocks do not rule out that others will follow us at the same time. My previous paragraph The shares of JA Solar discovered by time, several institutions have entered the market in advance.”

"New energy has been rising very well recently. Recently, other institutions have adjusted their positions, and most of them favor traditional industries with low valuations. How did you find such stocks?" Yingjiashan asked immediately. He has been very diligent recently.

Pei Guangqian's energy was limited, so he could only cultivate them one by one. During this period, the effect in this regard was still very obvious, and Zhang Feng was almost able to take charge of himself.

"Mr. Jia of New Energy has already started planning. You can go to him to find a few individual stocks, or ask him for advice. Be careful not to buy them all at the same time. Communicate more. I find individual stocks slowly by industry. Slow search, of course, there is a simple way, that is to investigate the position details announced by other fund managers, look at their changes, and find some newest stocks.”

(End of this chapter)