The Son of Finance of the Great Age

  Chapter 562 Pledged Equity (Part 2)

"In addition, Putnam Investment Company owns 6% of the shares of Bear Stearns, and Jimmy Kane owns 5.8% of the shares. The latter basically don't need to think about these two parts of the shares. The former can be obtained through the trust company To borrow, we must not let the people of Putnam Investment Company know that we are actually the ones behind the borrowing of stocks, otherwise, with their shrewdness, they will definitely know what is going to happen.” Soros did not care about the reactions of others , said to himself, "Jim, I'll leave this to you!"

   "Okay, no problem!" Jim Chanos responded, then remembered something, and added, "I will do my best."

   "Kenneth, John, the task of the two of you is..." Soros didn't pause at all, and after giving orders to the other two, he said to Griffin and Paulson. However, thinking that they have just joined this group, they may not have adapted to this tone, so they paused for a moment and then slowed down their tone, "Guys, you can ask the brokers to see if there are any in their dark pools. How many Bear Stearns shares can be lent out. If so, as much as possible, you have no problem with that?"

"No problem!" Although they didn't personally participate in the peak period of macro strategy hedge funds, Kenneth Griffin and John Paulson have experienced a lot of troubles over the years, and their accumulated contacts are even more impressive. Especially the latter, which can be described as hot right now. All the brokers are eager to get a relationship with the Paulson Fund. Under such circumstances, it is natural to want to borrow some stocks from their dark pool. Griffin and Paulson agreed immediately without hesitation.

  Naturally, the cost of stock lending will be deducted from the account jointly paid by the five of them, and the original amount will be refunded in proportion after the short sale is completed. As for the future income, it will be divided equally among the five people. This plan seems unfair, because Kenneth Griffin and John Paulson paid most of the money, but in fact, without the participation and planning of the other three, they would not be able to catch up with this express train , so although there was little controversy, this profit distribution plan was passed quickly.

"So, do you still have any questions now?" Seeing that the tasks were almost assigned, Soros clapped his hands and said a concluding sentence, "If there are no questions, then this meeting is over and we will wait until the next meeting." That's when we sold Bear Stearns with all our might."

"I have a question!"

While everyone else remained silent, Kenneth Griffin asked, which made Soros pause for a hand reaching for the call end button, then shook his head with a wry smile, "Kenneth, my friend , what's your problem?"

In the original prediction, John Paulson should be the person who has his own thoughts the most, and Soros is also ready to answer questions from Paulson at any time, but what he did not expect is that the last person who asked the question was not Paul. Sen, but Kenneth Griffin.

As the backbone of Wall Street, Kenneth Griffin's resume is undoubtedly dazzling and brilliant, especially in 2006 when he took over the energy position of the Evergreen Fund and finally made a billion dollars from it. It is widely circulated on Wall Street. Although Castle Fund is a fund that mainly uses quantification as its investment strategy, it does not mean that they are not interested in getting involved in event-driven events, especially when such events are triggered by themselves.

  Maybe because he was young, or maybe he was too conceited, Kenneth Griffin obviously didn't have much respect for the other people on the call. Of course, this crowd does not include John Paulson. In fact, before talking to other people, he had already talked with Paulson on the phone. Firstly, both of them were newcomers. Secondly, he was also full of admiration for Paulson's performance last year.

"Each of us has a task, so George, what will you do?" Griffin didn't know what tact was at all, maybe he didn't even know how to be polite, so he asked straight to the point, with some dissatisfaction in his words, "George, you're not going to sit back and enjoy it, are you? My friend!"

  He does have enough reasons to be dissatisfied. Inside the Castle Fund, he is the one who makes traders and analysts work hard just by talking. Now that the role has changed, it is normal for him to be dissatisfied.

   "Me?" Soros chuckled and was silent for a while before asking instead, "Kenneth, do you know Joseph Lewis?"

   "Joseph Lewis?" Griffin thought for a while, and finally shook his head, "I don't know this guy, who is he? What does it have to do with the whole thing?"

  Although the others didn't make a sound, they didn't hang up the phone either. They were obviously very interested in the person Soros mentioned, even though some people knew very well that Soros would definitely not be idle on this matter.

"Joseph Lewis, a British billionaire who made his fortune from foreign exchange, is a genius." Soros said slowly in an almost indifferent voice, "but not all the money he earned from foreign exchange continued to be invested in foreign exchange." The market, in fact, became more and more volatile because of foreign exchange fluctuations, so he started spreading his money across stocks, bonds, options and even hedge funds.”

"Let's get to the point, George!" John Paulson finally spoke. Although he was very clear that what the other party said was definitely not aimless, it still had nothing to do with what they were planning, which made Paulson feel a little bit dissatisfied.

Perhaps because he could hear the impatience in the other party's tone, Soros no longer hid it, and simply poured out the reasons, "After he accumulated a large amount of wealth, he began to turn his attention to those achievements. Good stocks. After the collapse of Bear Stearns’ internal fund last year, Joseph believed that the opportunity to buy the bottom of Bear Stearns was here, so he and his funds bought up Bear Stearns’ stocks in a large amount, a full 7% of which became the entire stock market. Bear Stearns' second largest tradable shareholder."

"But isn't the second largest shareholder in circulation a company called Tavis Equity Investment Company?" Griffin frowned and blurted out, "This is a leather bag company registered in the Virgin Islands, the main shareholder or holding company Can't find it at all."

   "You're right!" Soros smiled, "But I'm one of the few who know who the boss behind Tavis Equity Investment Company is, because he once entrusted me to invest!"

   Thank you book friend Gambling Ghost is not me, Xiao Jiantianxia for voting for the monthly ticket!

  (end of this chapter)