Chapter 71 Pledge of Equity (II)
In addition, Puttenham Investments owns 6% of Bear Stearns. Kane owns 5.8% of the shares. The latter of these two parts of equity basically does not need to be thought about. The former can be borrowed through the Guò Trust Company, and they must not let the people of the Puttenham Investment Company know that we are actually the ones who borrowed the shares behind it, otherwise they will definitely know what is going to happen with their shrewdness. Soros didn't care about the other people's reactions, and said to himself, "Jim, I'll leave this to you!" ”
"Okay, no problem!" Jim. Chanos replied, then remembered something, adding, "I'll do my best." ”
"Kenneth, John, the two of you are on a mission to ......" Soros said without the slightest pause, and after giving orders to the other two, he said to Griffin and Paulson. However, thinking that they had just joined the group, and perhaps hadn't gotten used to this tone yet, he paused for a moment and then slowed down, "Guys, you can check with the brokers to see how many Bear Stearns shares they have in their dark pool that can be lent." If so, lend as much as you can, you have no problem with that, right? ”
"No problem!" Although he was not personally involved in the heyday of macro strategy hedge funds, Kenneth . Griffin and John. Paulson has also experienced a lot of ups and downs, and the accumulated contacts are even more impressive, especially the latter, which can now be described as hot. All brokers are eager to get involved with the Paulson Fund, and in that case, it's no surprise to want to borrow some shares from their dark pools. Griffin and Paulson didn't hesitate and immediately agreed.
Naturally, the cost of lending the shares will be deducted from the account that the five of them pay for. After the short selling is completed, the original amount will be returned according to the proportion. As for the future gains, they will be divided equally among the five people. This plan doesn't seem fair, because Kenneth. Griffin and John. Paulson and his wife contributed most of the money, but in fact, they would not have been able to catch the express train without the participation and planning of the other three, so although it was a little controversial. But this plan for the distribution of profits was quickly implemented.
"So, do you still have any questions?" Seeing that the task was almost assigned, Soros clapped his hands and said a concluding sentence, "If there is no problem, then this meeting will end here, and when the next meeting is held, it will be the time for us to sell Bear Stearns stock with all our might." ”
"I have a question!"
While everyone else was silent, Kenneth. Griffin asked. This made Soros stretch out his hand to the end of the call button, and then shook his head with a wry smile, "Kenneth, my friend, what's your problem?" ”
In the original projection, John. Paulson should be the person with the most ideas of his own, and Soros is always ready to answer questions from Paulson, but what he didn't expect was this. The last person to ask the question was not Paulson, but Kenneth. Griffin.
As the backbone of Wall Street. Kenneth. Griffin's resume is undoubtedly dazzling and brilliant, especially in '06 when he took over the energy position of the Withered Fund and eventually made a billion dollars from it, which is widely circulated on Wall Street. Although the Castle Fund is a fund with a predominantly quantitative investment strategy, that doesn't mean they aren't interested in getting involved in being event-driven, especially if the event is triggered by themselves.
Maybe it's because of his youth, or maybe it's too conceited. Kenneth. Griffin clearly didn't have much respect for the other people on the call. Of course, this crowd does not include John. Paulson. In fact, he had already spoken to Paulson on the phone before talking to the others, and both were newcomers. The second is that he is also full of admiration for Paulson's performance last year.
"Each of us has a mission, so what are you going to do, George?" Griffin didn't know what euphemism was at all, maybe he didn't even know how polite it was, so he asked straight to the point, and there was some dissatisfaction between his words, "George, you won't sit back and enjoy it, will you?" My friend! ”
He does have enough reason to be dissatisfied, in the castle fund, he is the one who only needs to move his mouth to make traders and analysts tired, and now that the role has changed, it is normal for him to be dissatisfied.
"Me?" Soros smiled, was silent for a long time, and asked without answering, "Kenneth, do you know Joseph. Lewis this person? ”
"Joseph. Lewis? Griffin pondered for a long time, but 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 did not say anything, they did not hang up, and it was obvious that they were quite interested in the person mentioned by Soros, even if some people knew very well that Soros would definitely not be idle in this matter.
"Joseph. Lewis, a British billionaire who made his fortune on foreign exchange, is a genius. Soros said slowly in an almost indifferent voice, "But not all of the money he earned from foreign exchange continued to be invested in the foreign exchange market, in fact, because foreign exchange fluctuations became more and more unstable, so he began to diversify his money into stocks, bonds, options and even hedge funds." ”
"Let's get to the point, George!" John. Paulson finally spoke, and although he knew very well that what the other party said was definitely not unreasonable, it had nothing to do with what they were currently planning, which made Paulson feel slightly dissatisfied.
Perhaps hearing the impatience in the other party's tone, Soros no longer hid it, and simply poured out the reason directly, "After he accumulated a lot of wealth, he began to turn his attention to those stocks that performed well." After the collapse of Bear Stearns' internal fund last year, Joseph decided that the opportunity had come to buy Bear Stearns, so he and his money bought Bear Stearns shares in a big way, a whopping 7%, making him the second largest outstanding shareholder in Bear Stearns. ”
"But isn't the second largest circulating shareholder a company called Tavis Equity Investment?" Griffin frowned and blurted out, "This is a leather bag company registered in the Virgin Islands, and the main shareholders or holding companies can't be found at all." ”
"You're right!" Soros smiled, "But I'm one of the few people who knows who the boss behind Tavis Equity Investment Company is, because he once entrusted me to invest!" (To be continued......)
PS: Thank you book friends for not me, Xiaojian World voted for the monthly ticket!