Ares is a family office that manages the wealth of the founding Ares family. To avoid public disclosures of its holdings, it has long relied on high leverage and derivative trading, controlling massive positions with a small amount of capital.
It has achieved legendary status several times with annual returns exceeding 200%. Its main counterparties are prominent international investment banks, and Gaoxin is among them.
This time, it took a heavily leveraged, heavy position in Chinese concept stocks. The plunge in Chinese concept stocks directly triggered a liquidation, dragging down the entire financial market.
Chapter 347