The Son of Finance of the Great Age

  Chapter 877 The end of the hero (3)

  Despite the loss of JP Morgan, Soros did not take it too seriously, because there are several brokerage channels at the same level, and he can still enjoy high-quality research reports.

But the development of the situation quickly exceeded his expectations. In the next two weeks, Merrill Lynch Bank of America, Stanley & Co., and Goodman & Co. successively notified Quantum Fund to end their cooperative relationship within one month. .

   Until this time, Soros realized the seriousness of the matter.

  Strictly speaking, even if these investment banks end their cooperation with Quantum Fund, it does not mean that Quantum Fund cannot continue to operate in the market. However, after the top investment banks on Wall Street blocked Quantum Fund in unison, the signal they sent out clearly stated that Soros was excluded from this elite club.

   It is no exaggeration to say that this club has the best consulting, research and social services in the capital market in the United States. Soros has been a guest of this celebrity circle for the past three decades, but now he is excluded for inexplicable reasons, which makes him a little hard to accept.

However, Soros is not a mortal after all. After experiencing the initial anger, he did not choose to give in to these people. Instead, he switched to some small-scale investment banks and spent a lot of money to recruit several ace researchers from top investment banks. Show a completely unyielding posture.

   But it didn't take long for Soros to feel chills again: investors began to demand withdrawal.

Since Soros became famous, his fund has become the target of the world's richest people. Countless people waved their checkbooks and asked Soros to manage his funds. Being able to enter the list of investors of Quantum Fund means not only getting Soros' approval, but also Also obtained the absolute guarantee of substantial growth in wealth.

  Although the performance of Quantum Fund in the past few years is not too outstanding, Soros has always been well-known, so investors who want to join Quantum Fund are still in an endless stream. It's just that Soros has always strictly abided by the principle of "the scale of funds is inversely proportional to the rate of return" and refused to allow his fund to be too large. Therefore, he has rejected countless investors around the world for so many years.

   In this way, those investors who stayed in Quantum Fund are lucky. With the performance of the Quantum Fund in these years, they have also made huge profits. There is no reason to abandon Soros and his team at this time.

  But it is precisely the impossible thing that actually happened.

  The first investor to ask for a pullout was Dan Brad, the same guy who was playing golf with Soros a few weeks ago.

   "George, I want to withdraw my share in your fund!"

On a sunny morning, after finishing his morning exercise, Soros received a call from Dan Brad, and the first sentence surprised him, "Yes, you heard me right, I plan to withdraw from the Quantum share in the fund."

   "Dan, what happened?"

  Soros couldn't believe his ears, and after repeated confirmations, he asked inexplicably, "You must know that you didn't have this plan two days ago, why did you suddenly propose to withdraw the funds?"

   "Sorry, George, I found a better fund."

As a partner of Soros for decades, it is also difficult for Dan Brad to make this decision, but the temptation he faces is too great, so that decades of friendship can be ignored, "and I think, although I have also made a lot of profits in these years, but the fluctuations are too large. So I plan to switch the way of investment and increase investment in low-risk institutions such as bond funds.”

   "Tell me, besides investing in other funds, what other plans do you have?"

  Soros would not be fooled so easily. He knew exactly what Dan Brad was thinking, so he simply asked, "My old friend, tell me what's going on."

   "It's the Paulson Institute!"

After hesitating for a while, Dan Brad finally gritted his teeth and said, "I told you before, and then I tried to contact the Paulson Institute. At first they rejected me, but not long after, They told me that they can let me join their fund, but the investment must be more than 100 million US dollars, and the quota is only 50 people. So..."

   "Sorry, George, you know that business matters are not determined by emotions, and I can't do anything about it."

  He finally said apologetically, "Not only for me, but also for my family, I have to make smart choices. This has nothing to do with our friendship, and I can't miss this opportunity."

   "So it is!"

  After hearing the news, Soros was quite disappointed. Indeed, in recent years Paulson Fund can be said to be one of the most popular hedge funds in the market, and its popularity far exceeds the pursuit of Quantum Fund by investors, so there is nothing to say that Quantum Fund lost to Paulson Fund of.

  Soros thought this was just an isolated case, and he didn't take it to heart after he promised Dan Brad. Of course, he couldn't help but not agree to this kind of thing, because as long as it complies with the Quantum Fund's regulations, investors can withdraw their funds within the specified time.

  However, the second case of customers who requested to withdraw their funds soon appeared, and this time the other party did not give any explanation. Then came the third and fourth cases...

   Until a mutual fund with a total capital amount of up to 1.5 billion U.S. dollars asked to withdraw funds, Soros could no longer sit still. Although so far, Quantum Fund has not been injured, but in order to pay for liquidity, he had to sell many long-term promising stocks, which completely disrupted Soros' investment layout.

  Of course, based on the funds earned in these years, most of the funds of the Quantum Fund are now owned by the Soros family, so even if all investors withdraw their funds, the Quantum Fund can still exist.

However, there have been rumors in the market that the investors of the Quantum Fund are withdrawing their funds in large numbers. Soros and his team suffered huge losses, with the amount of losses approaching 10 billion US dollars. The news appeared frequently, outlining a shaky scene for Quantum Fund.

  Because it is a private equity fund, whether the Quantum Fund is losing money or making a profit, the scope of news spread is limited to its own investors. Therefore, when these news appeared in the market, the outside world could not tell whether these rumors were true or false. For some institutions, they are asking about the positions of Quantum Fund everywhere, hoping to snipe Quantum Fund at some point.

  For a while, Quantum Fund became the focus of the entire market.

   "Damn, what the **** is going on here?"

   Soros was furious after receiving the withdrawal notice, cursing hysterically in the office, "Don't they say they don't know the net worth we announced? How can they believe those unfounded rumors in the market?"

  He said that they were the mutual funds that notified the withdrawal yesterday, and the withdrawal was as high as 1.5 billion US dollars. They were one of the institutions with the largest withdrawal of funds during this period.

   "George, don't you find it strange?"

Rodney Jones still maintained enough calmness, Shen Sheng analyzed to Soros, "During this period of time, the withdrawals were all American institutions, but few European investors or institutions chose to follow up. Of course, this may also be It has something to do with their relatively small amount of investment.”

"Also, according to my statistics, among the withdrawn institutions, except for those whose whereabouts are unknown, the other funds flowed to the three hedge funds of Paulson Fund, Pershing Square and Green Light Capital, and some went to investment banks. In the asset management plan. Don't you think there is some necessary connection in it?"

   "What's the connection?"

Soros was startled, and asked in puzzlement, "Could it be that there is something ulterior in it? You must know that these funds are all hedge funds that have performed very well in the past few years. It is understandable for them to choose these hedge funds." what!"

   "Their choice is indeed understandable!"

  Rodney Jones spread his hands, a little helpless, "But these funds are not open at all times. Taking a step back, even if they are open, don't you think it's strange that the three choose to open at the same time?"

"what do you mean?"

  Hearing this, Soros finally understood, "Are they targeting us?"

"good!"

With a slap on his thigh, Rodney Jones said excitedly, "Although I don't know why, what is certain is that they are indeed poaching our walls. If I guess correctly, they will poach our European customers in the next step." At the foot of the wall, these rumors will reach their ears sooner or later."

   "What the **** are they doing this for?"

  Soros fell into deep contemplation. He is well aware of the reasons why the investment banks have collectively abandoned him. But the next wave was far beyond his imagination. You must know that the relationship between him and Paulson is not bad on weekdays, and they even joined forces once. Now the other party has counterattacked. Although he did not do anything to him, it has greatly jeopardized Soros' reputation in the market.

  He decided to ask Paulson directly.

   "John, this is George!"

   Soon he dialed Paulson's phone, "I want to talk to you about something, when will you be free?"

   "I'm not free these days!"

  There is a loud noise from Paulson's side, "Excuse me, George, I have a flight to catch. If you have something, can you wait until I get back?"

"where are you going?"

   At this time, Soros couldn't wait any longer, and he blurted out, "I can fly to that place to find you. Anyway, what I want to talk about is very urgent, so I hope to see you as soon as possible."

  Hearing what Soros said, Paulson was obviously taken aback, and after a long silence, he said meaningfully: "My destination is Hong Kong. If you really want to talk to me, come to Hong Kong!"

   Now it was Soros' turn to be speechless.

   Thanks to book friends Lightfish, Stretching Hands to Touch the Sky, James Five Wukong, Wei Mo, Big Bad Guy 2, and atuzai-zwb for voting monthly! Thanks for the reward of the name of the symbol! Everyone's active voting finally brought a slightly better result. The author is very grateful. The results of this book require everyone's joint efforts! It’s the last two days at the end of the month. I hope that friends who still have a monthly pass can continue to actively support it. Those who don’t have a monthly pass also hope to vote as much as possible~ Thank you very much~

  (end of this chapter)