After Ling Yu'er heard Quan Zhixian's words of 'wanting a divorce', she encouraged, "You must get a divorce!"

"Well done!"

"The kind of man who beats his wife at every turn, you should have left him a long time ago!"

"It's also a relief!"

Quan Zhixian nodded with an uncomfortable expression and said, "Well, I really can't stand him anymore!"

"It's time to finish!"

"I'll go back to Bangzi Country now and divorce him!"

"Let everyone know about his domestic violence!!"

She now plans to go back to the stick country, and then go through the divorce procedures with Cui Junhe!

At this time, Chen Hui smiled and said, "Miss Quan, you don't have to rush back to the stick country to divorce him!"

"When the anger is gone, think about it!"

"And doing so will also affect your career!"

"You can take a vacation in Singapore, just to relax!"

"I'll decide when I'm in a better mood!"

Now if Quan Zhixian goes back to Bangziguo to divorce Cui Junhe, she will be 100% inseparable!

With that Cui Junhe's temperament, he will definitely not agree!

Quan Zhixian is another angry bag, masochistic tendencies.

The two will definitely be inseparable in the end!

As long as the two are separated, they can be separated!

And Chen Hui really wants to be green, Cui Junhe, this kid!

He didn't know when this sprout arose in his heart!

I guess I've watched a few episodes (from the stars)!

I have to say that Quan Zhixian's acting skills are really good!

After listening to her boyfriend's words, Ling Yu'er was a little jealous, but she still agreed with her boyfriend's words and felt that there was some truth, so she said to Quan Zhixian: "Zhixian, or you will be in Singapore for a while, and you can come to me at any time!"

"I'm an entertainer for Universal Entertainment Group now!"

"Your contract with the agency has also expired, you can choose to come to Universal Entertainment Group!"

The entertainment company that Quan Zhixian signed with before was the entertainment company opened by Cui Junhe's friend, and this time there is no need to renew the contract, how good it is to come directly to Universal Entertainment Group!

Thinking of this, Ling Yu'er said again: "Zhixian, the senior management of Universal Entertainment Group is also in Singapore, I can introduce you to you, and I will definitely not treat you badly!"

Quan Zhixian said gratefully: "Yu'er, thank you so much"

Ling Yu'er hurriedly smiled and said, "Thank me, let's make dinner together tonight!"

"There's so much more to learn from you!"

···

Chen Hui listened to Ling Yu'er's recommendation of Quan Zhixian to come to Universal Entertainment Group, smiled slightly, did not express any opinions, just stayed quietly aside, thinking about his own affairs.

In the evening, Quan Zhixian still came to the house as a guest, but after dinner, Quan Zhixian consciously left.

After watching a few episodes of TV with Ling Yu'er in his arms, Chen Hui asked, "When will your sister arrive in Singapore?"

Ling Yu'er's sister Ling Yuzhen came to Singapore to see her sister Ling Yu'er!

Another purpose is naturally to meet my future brother-in-law!

By the way, I also attended the DBS Bank's shareholders' meeting!

The DBS Bank shareholders' meeting is about to be held, and seeing the news of Ling Yu'er's sister's visit to Singapore, Chen Hui doesn't want to make any accidents, and then make a big joke at the shareholders' meeting!

Ling Yu'er said, "Tomorrow!"

"Look at you!"

Chen Hui said: "What time is it tomorrow?"

Ling Yu'er said, "It's probably like this in the afternoon!"

"My sister is still busy in Indonesia!"

"I'll be in Singapore tomorrow afternoon!"

"You're relieved!"

Chen Hui nodded, and then picked up Ling Yu'er and went to the bedroom.

Ling Yu'er shouted, "Chen Xiaohui, what are you doing?"

"I haven't finished watching TV yet!"

"You let me finish the finale!"

Chen Hui smiled faintly and said, "It's 12 o'clock!"

"I'll see it tomorrow!"

"It's time to sleep!"

·· Soon a rhythmic sound sounded in the bedroom.

···

Goldman Sachs, Chase Bank, Citibank, Barlake Bank, HSBC, TD Bank, Societe Generale... Deutsche Bank's risk controllers finally closed all of their customers' positions a few hours after NYMEX natural gas opened.

"Fortunately, there is nothing to lose!"

"Yes! The black swan market in the international natural gas market this time is terrible!"

"Damn, it plummeted so many points that day!"

"It really scared me to death, but fortunately the customer's margin was not lost!"

"Today NYMEX natural gas is down another 600 points!"

"Finally closed all the client's long positions!"

"Yes, now NYMEX gas has fallen to the 4.100 position!"

··

At this moment, the news of the official collapse of the Amaranth fund also came!

HSBC commented: There is leverage from a financing perspective. In order to pursue high profits, hedge funds can only rely on the limited own capital of investment partners is far from enough, and the fund can raise long-term (more than three years) capital injections from investment banks, pension funds, endowment funds, insurance companies and other large institutions by virtue of its size, "star" traders, and good profits in the past.

There is a very high leverage ratio between the raised capital and its own capital, and if the operation is successful, the Amaranth fund's own capital can obtain a very high return, but if the investment fails, even if it is a very small probability, the high leverage ratio will make the investor lose the most.

On the other hand, the NYMEX natural gas futures, which the fund invests in a lot, are themselves margin trades, and commodity futures trading, especially "far month contracts", only requires a very low margin ratio. The "leverage" of the margin allows the futures margin of the Amaranth fund to make a big profit if it looks at the natural gas market, and vice versa, if it is wrong, it will lose a lot.

Therefore, the risks and returns of the Amaranth fund are magnified by the existence of "leveraged trading"!

Goldman Sachs Bank: Mutual funds have clear regulations on investment varieties, investment ratios, risk control, etc., and are subject to the supervision of regulatory authorities and investors. Hedge funds are a type of private partnership investment institution, and in the United States, local hedge funds (domestic hedge funds) are traditionally unregistered investment companies that are established by raising capital from no more than 100 high-net-worth individuals or institutional investors through private placement or limited shareholding systems. This allows it to evade normal scrutiny in a variety of ways, without the responsibility of disclosing its operations, finances and operations to the authorities and the market, as traditional banks and mutual funds do, and to maintain the mystery of the fund's operations. Under the U.S. Federal Securities Act of 1996, as amended, funds with fewer than 500 investors with investments of more than $25 million per institution and more than $5 million per individual are exempt from reporting their portfolios, borrowings and other operations.

Due to the nature of its private equity fund, it is difficult to monitor the investment varieties, investment ratios and operations of Amaranth funds. This determines that there is a high risk in the way it operates, and wherever there is an opportunity in the market, it mobilizes a large number of troops to concentrate the attack. As a result, the Amaranth fund can invest more than half of its funds in the energy futures market, which is too risky and not properly supervised, resulting in huge losses.

Deutsche Bank: "It is estimated that the price volatility of NYMEX natural gas futures is 5 times that of Dow Jones stock price, so the risk of natural gas futures is very large, and you should participate in a small amount and diversify your investments in order to diversify and reduce the risk." But Amaranth funds have invested about half of their assets in such highly volatile investment vehicles, and the fund's 12-person risk management team should have been able to detect and "restrict" Hunter's trading positions in time, at least track trend changes from time to time, and change the direction of trades or close the stop loss before they change drastically and lead to a crisis. Apparently, the Amaranth Fund's risk management team did not do this.

Société Générale: "Of course, the Amaranth fund does not have its own risk management system, but the risk control system of the Amaranth fund does not seem to be able to properly assess the risks faced and effective measures to stop losses. Because hedge funds generally use historical data for risk analysis, when the market develops as in the past and there are no large fluctuations, the risk management system can correctly analyze the risk and give effective measures to stop losses. However, history is only history, it does not represent the present, let alone predict the future, and abnormal fluctuations greatly reduce the role of risk management systems. In the case of Ukraine, where the volatility of the gas market was the largest since 2006, it was clear that the Amaranth fund had too much faith in its own risk management system to pay attention to the anomalies and act accordingly. In addition, the Amaranth Fund has extensive experience in risk control of less volatile convertible bonds, but not enough experience in risk control in natural gas futures, which is an extremely volatile instrument.

Standard Chartered Bank: "The income of the hedge fund manager is linked to the performance, and there is no cap, usually 20%-25% of the fund's annual profit, plus 1%-2% of the annual management fee of the asset; Very low annual management fees are often far from sufficient to keep hedge funds afloat, so fund managers must strive for high returns to keep the fund afloat and build a good reputation for raising more money externally. Under the pressure of such incentive mechanism design and performance, fund managers also have a strong speculative and gambling mentality, and try to use funds in trading varieties with large fluctuations and large returns!

AP: "Devil trader Blair Hunt has caused investors $21 billion in losses this time!"

The Wall Street Journal: "The God's favorite of the natural gas market has been abandoned! A huge loss of $21 billion in the natural gas market!"

Financial Times: "Devil trader Blair Hunt has made history of losses in the gas futures market!"

Bloomberg: "Blair Hunt personally sent the Amaranth fund to the grave!"