The Son of Finance of the Great Age

  Chapter 876 The end of the hero (2)

  Although it was just a conversation between old friends, Soros still smelled a dangerous signal from it, that is, due to the poor performance in the past two years, Quantum Fund was gradually abandoned by investors.

"what?"

A week later, when Soros got the news of Zhongshi's whereabouts again, he was very surprised, and his head immediately began to spin rapidly, "Could it be that he is going to launch a new round of European debt war? You must know everything that happened before. , all with the government's instigation behind it, and now it seems that it is going to repeat itself."

  Thinking of this, he became inexplicably excited.

  It’s as thoughtful as when someone brings you water when you’re thirsty, or a pillow when you’re dozing off.

Over the past few years, Soros seems to have lost his original magic, and has repeatedly suffered setbacks in the capital market. Of course, there are reasons for his aging, and the loss of outstanding talents. snipe. Fortunately, he adjusted his strategy in time, followed Zhong Shi's footsteps, and finally gradually regained his strength.

   Now what he is most worried about is that if he doesn't know Zhong Shi's pulse again, he may be at a loss.

   But at least until now, he doesn't have to worry too much about this issue.

   "Rodney, come to my office!"

   After a moment of contemplation, Soros pressed the call button. He had to plan with his most capable assistant to see how to turn this news into the greatest profit.

   Within a few minutes, Rodney Jones appeared in Soros' office.

   "Rodney, Zhongshi is on the move again!"

Soros was very happy, waving his hands and feet, not aware of the dignified face of the other party at all, and still said excitedly, "It seems that he is going to take action again. Let's analyze it and see who he is targeting this time." , Italy or Spain?"

  In Soros' view, the current European debt crisis has focused on Italy and Spain. Although the negative news of the two countries continues to ferment, there is still a lack of progress to make the market go further. If there is a secret push by Zhongshi, then the whole thing will come to fruition.

  No matter what, we must set up a good situation before Zhongshi.

   "George, put this matter aside for a moment, something happened just now, I think you should give priority to this matter!"

Rodney Jones did not show a special reaction to the news Soros said, but said another thing he just knew, "Just now, JP Morgan sent me an email. Although It was very euphemistic, but they still expressed their desire to end their partnership with us."

"what?"

Soros' expression froze immediately, and after a while he turned his head in disbelief, looked at Rodney Jones and asked, "Are they losing their minds or losing their minds, how could they take the initiative to end their relationship with us? "

Generally speaking, the research department of an investment bank issues an analysis report on securities in the capital market, which is provided free of charge to hedge funds. Because using the brokerage channel of an investment bank requires commission fees, the research report of an investment bank needs to improve the accuracy of the report to attract hedge funds. Use the company's brokerage channel.

  One is the "seller" and the other is the "buyer". The relationship between supply and demand is completely unequal. So when Soros heard that JP Morgan took the initiative to end the relationship, he was very surprised and found it quite incredible.

   "Yes, it's their mail!"

Rodney Jones and Soros also felt the same way, silently handing over their mobile phones, "The whole thing is so weird, I couldn't believe my eyes when I saw it. It's true, I just can't figure it out, how could they do that?"

  The former Bear Stearns has always been famous on Wall Street for its own brokerage business. But after JP Morgan took over, it began to reorganize Bear Stearns' brokerage business according to the private bank. Hedge fund giants like Quantum Fund are naturally the highest-level VIP level, enjoying the services of the highest-level analysts .

  This is a trend on Wall Street, where the best resources of the research departments of big banks are dedicated to serving elite institutions. Naturally, I am quite satisfied with such a service Quantum Fund.

   "I want to ask Jamie Dimon, what is going on here?"

  After reading the email, Soros confirmed that the other party really wanted to express this meaning, and immediately a cloud of anger rose in his chest, "What do they want to do? I want to see how the people in this department explain to their CEO!"

   So far, Soros only believes that this decision was made by the director of the research department without permission. So he believes that finding someone with a higher level to put pressure on this will definitely solve this matter.

  If JP Morgan’s service is not very suitable for Quantum Fund’s appetite, he will not continue to entangle in this matter, and at most change a broker. After all, there are many institutions like Wall Street.

   "Jamie, this is George!"

  He quickly called JP Morgan CEO Jamie Dimon, "I heard that something happened to you, are you okay now?"

   "The situation is pretty bad!"

Jamie Dimon's tone was a little cold, and he didn't exchange too many pleasantries with Soros. He said bluntly, "The two traders may be charged criminally, and the amount of losses will be further expanded, which is expected to exceed 50. Billion dollars. Damn it, my reputation is ruined.”

   As the most outstanding manager on Wall Street, Jamie Dimon's complaints are justified. Because after this incident, his title of "most outstanding manager" no longer exists.

"yes?"

Regarding Jamie Dimon's frankness, Soros obviously didn't think about it, but after he thought about it, he realized that this information would be announced sooner or later, and he just knew it earlier, "I'm sorry to hear all this, but the problem It'll work out, won't it? By the way, Jamie, there's something I want to talk to you about!"

"Just now, I received an email from your investment bank's research department. They want to end their partnership with us. I don't know who made this decision, but I think you need to know this news, you know Our transactions can bring you tens or even hundreds of millions of dollars in commission income every year."

Soros said quickly, "As the CEO and the chairman of the board, I suggest that you not only pay attention to the current loss of derivatives, but also pay attention to the changes in the investment banking department. Otherwise, similar decisions will be criticized by others, and even It may affect the judgment of your ability."

   "George, stop guessing, I made this decision!"

   After being silent for a long while, Jamie Dimon said decisively, "Yes, you heard me right. I signed this decision. I asked the research department of the investment bank to end the partnership with Quantum Fund."

"what?"

  When he heard the news at first, Soros didn't react at all. It was so different from everything he expected, and he didn't know what to say for a while. After hesitating for a long while, he stammered and asked, "Jamie, what...all this...what happened?"

"what happened?"

  Jamie Dimon sneered and replied meaningfully, "George, don't you know?"

"I know?"

Until this time, Soros finally reacted, and said quickly, "Jamie, did something happen that caused some misunderstanding between us? You must know that we are very satisfied with JP Morgan's brokerage services, and we never thought about it. By withdrawing the funds in your brokerage account. Tell me, Jamie, what happened?"

When the five major investment banks on Wall Street, including Stanley and Goodman, were in crisis, hedge funds slammed into the ground one after another, withdrawing funds from investment bank accounts, causing the cash reserves of investment banks to decrease rapidly, and finally the five major investment banks collapsed three.

  After this phenomenon happened, investment banks began to be wary of the behavior of hedge funds withdrawing funds, and this behavior was not welcomed by them, and hedge funds were well aware of this.

   "You know what happened to us recently?"

Jamie Dimon took a deep breath and said slowly, "But do you know why we suffered such heavy losses in the derivatives market, and who made this part of the profits? , you should know all these things, right?"

   "Why do I know? The Quantum Fund did not participate in these attacks. I swear in the name of God, we absolutely did not!"

Soros frowned, and he didn't understand why Jamie Dimon started talking about other things, but he quickly cleared himself up, "Wait, Jamie, you just said that I should know who sniped you? Let me Guess, it can't be Zhong Shi from Tianyu Fund, right? Was that guy who attacked you?"

   "You really know him!"

  Jamie Dimon sneered, "Even if it's me, I didn't know the opponent was him until he was negotiating. But you don't know anything, you can guess it's him, it's really admirable!"

   "But what does this guy have to do with us?"

Soros pretended not to hear the sarcasm in the other party's words, and kept asking, "If we talk about grievances, it is between you. But what does it have to do with our Quantum Fund? Sorry, Jamie, I am really sorry. I don't understand what you want to say."

   "Don't you understand?"

Jamie Dimon snorted coldly, "George, you must be wondering why Zhongshi has been fanning the flames in Europe, but suddenly turned to attack American institutions? Yes, this beam is indeed formed by JP Morgan and Tianyu Fund Yes. But I want to tell you that with our ability and capital, it is impossible to take revenge on Tianyu Fund. So we can only find you to take revenge!"

   "Revenge on us?"

  Hearing this, Soros faintly understood, but he still decided to continue to pretend to be deaf and dumb, "Jamie, I still haven't figured it out. What is the grudge between us that deserves this?"

   "There is indeed no direct grievance between us!"

Jamie Dimon sighed and decided to speak clearly, "But George, some of the things you did not only offended us, but also offended the U.S. government. I believe you know more about what it is than me. Clear. What is happening now is just the beginning, and more things will happen in the future. But don’t worry, this matter will be strictly controlled within a certain range. Take care of yourself!”

   After finishing speaking, he hung up the phone without waiting for Soros to say anything else.

"So what happened?"

   Rodney Jones, who had been silently paying attention to this side, came over and asked with concern, "George, what's going on? Is Jamie Dimon planning to withdraw the decision made in this email?"

   "Retract?"

Soros snorted coldly, and said disdainfully, "He decided the whole thing. How do you take it back? But that's fine. Could it be that we can't play without JP Morgan? Damn it, let them Just end the partnership. Tell the people below to transfer the money from the JP Morgan account to the Bank of America Merrill Lynch account."

  Hedge funds usually do not have only one brokerage channel, and Quantum Fund is no exception. So there is one less JP Morgan, and Soros doesn't take it too seriously.

   Thanks to book friends Lan Lan for being warm, Wind Blowing Face Swish, Xia Yangyang, Quan Quanmao, ad110158, Xie Peihan for voting monthly! Thank you for the fear of visiting the flower market, and Mo Yuxiejun for your reward! Seeing so much support from everyone, the author is grateful but also deeply guilty. I am really sorry for the lack of updates... Thank you for giving the author a lot of motivation. I must work hard~

  (end of this chapter)