Chapter 377: 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, because of the poor performance in the past two years, the quantum fund has gradually been abandoned by investors.

"What?"

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

As soon as he thought of this, he began to get inexplicably excited.

It's like someone bringing water when you're thirsty, and someone bringing a pillow when you're just asleep.

In the past few years, Soros seems to have lost his original magic and suffered repeated setbacks in the capital market, which is of course due to his age, but also due to the loss of excellent talents, and of course, the most important thing is that Zhong Shi has sniped one after another. But fortunately, he adjusted his strategy in time, followed Zhong Shi in the same direction, and finally gradually eased his vitality.

What he feared most now was that he couldn't tell Zhong Shi's veins again, so he might be at a loss.

But at least for now, he doesn't have to worry too much about it.

"Rodney, come to my office!"

After a moment of contemplation, Soros pressed the call button, and he wanted to plan with his most powerful assistant to see how he could turn this news into maximum profit.

Within minutes, Rodney. Jones appeared in Soros's office.

"Rodney, Bellstone is moving again!"

Soros was very happy, dancing with his hands, not noticing the other party's solemn face at all, and still said excitedly. "Looks like he's going to do something about it again. Let's break it down and see who he's targeting this time, Italy or Spain? ”

In Soros's view, the focus of the current European debt crisis has been focused on Italy and Spain. Despite the ongoing negative news in both countries, there is still a lack of progress to take the market further, if there is a secret push from Bell Stone. Then the whole thing fell into place.

No matter what, you must set up a game before Zhongshi.

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

Rodney. Jones didn't show a particular reaction to Soros's message, but said something else he just knew, "Just now, JP Morgan emailed me. Despite the euphemism, they expressed their desire to end their relationship with us. ”

"What?"

Soros's expression froze suddenly. After a while, he turned his head in disbelief and looked at Rodney. Jones asked rhetorically, "Are they nervous or irrational, how can they take the initiative to end their relationship with us?" ”

Generally speaking, the research department of the investment bank issues an analysis report on the securities in the capital market and provides it to the hedge fund for free, because the use of the investment bank's brokerage channel requires commission fees, so the investment bank's research report needs to improve the accuracy of the report to attract hedge funds to use the company's brokerage channel.

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

"Yes, it's their mail!"

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

In the past, Bear Stearns has always been well-known on Wall Street for its brokerage business. But after JP Morgan took over, he began to follow the rules of private banks. Bear Stearns' brokerage business was restructured, and hedge fund giants like Quantum Fund were naturally at the highest level of VIP and enjoyed the services of the highest level of analysts.

This is the trend on Wall Street, where the best resources of the research departments of the big banks are focused on serving elite institutions. Naturally, I am quite satisfied with this kind of service.

"I'm going to ask Jamie. Damon, what the hell is going on? ”

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'd like to see how the people in this department explain to their CEOs! ”

So far, Soros has only believed that the decision was made privately by the head of the research department. So he thinks that finding someone at a higher level to put pressure on this will definitely solve the problem.

If it weren't for JP Morgan's services that were very much in line with the appetite of Quantum Fund, he would not continue to dwell on this matter, at most he would have changed to a broker, after all, there are many institutions like Wall Street.

"Jamie, I'm George!"

He quickly dialed JP Morgan CEO Jamie Morgan. Dimon's phone, "I heard that something happened to you, how are you doing now?" ”

"It's pretty bad!"

Jamie. Dimon's tone was a little cold, and he didn't say too much to Soros, and said bluntly, "Two traders may be criminally charged, and the amount of losses will be further expanded, which is expected to exceed five billion dollars." Damn, my reputation is ruined. ”

As one of Wall Street's most prominent managers, Jamie Brown. Dimon's complaint is justified. Because after this incident, his title of "Most Outstanding Manager" no longer exists.

"Really?"

For Jamie. Damon's frankness, Soros obviously didn't expect, but after thinking about it, he understood that this information would be released sooner or later, and he just knew it earlier, "I'm sorry to hear all this, but the problem will always be solved, won't it?" By the way, Jamie, there's something I'd like to talk to you about! ”

"Just now, I received an email from your investment bank's research department that they want to end their relationship with us. I don't know exactly who made this decision, but I think it's important for you to know the news. Know that our trades can bring you tens of millions, if not hundreds of millions of dollars, in commission income every year. ”

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

"George, don't guess. I made this decision! ”

There was silence for a long time, Jamie. Dimon said decisively, "Yes, you heard me right, I signed this decision, and I asked the research department of the investment bank to end the partnership with the Quantum Fund." ”

"Huh?"

As soon as he heard the news, Soros didn't react at all, which was so different from everything he expected that he didn't know what to say for a while. He hesitated for a moment. He stammered, "Jamie, is this...... All this ...... What's going on? ”

"What happened?"

Jamie. Dimon sneered and replied meaningfully, "Don't you know, George? ”

"I know?"

It was only at this time that Soros finally reacted and hurriedly said. "Jamie, ain't what happened. What misunderstandings have led to between us? You should know that we are very satisfied with JP Morgan's brokerage service and have never thought of withdrawing funds from your brokerage account. Tell me, Jamie, what the hell is going on? ”

When the five largest investment banks on Wall Street, including Stanley & Co. and Goodman, went into crisis, hedge funds rushed to withdraw money from their investment bank accounts. As a result, the cash reserves of investment banks decreased rapidly, and eventually three of the five major investment banks collapsed.

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

"You know what happened to us lately, right?"

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

"How do I know? The Quantum Fund is not involved in these sniping, and I swear in God's name, we absolutely not! ”

Soros frowned, a little puzzled why Jamie. Dimon started to talk about other things, but he quickly brushed himself off, "Wait, Jamie, you said I should know who sniped you?" Let me guess, it won't be the Bell Stone of the Tianyu Fund, right? Did that guy snipe you guys? ”

"You know him!"

Jamie. Dimon scoffed, "Even if it's me, it was only when he negotiated that I knew that the opponent was him." But you don't know anything and you can guess it's him, it's so impressive! ”

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

Soros pretended not to hear the mockery in the other party's words, and asked vigorously, "If there is a grudge, it is a grudge between you." But what does it have to do with our Quantum Fund? Sorry, Jamie, I really don't understand what you're trying to say. ”

"You don't understand?"

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

"Revenge on us?"

Hearing this, Soros vaguely understood, but he still decided to continue to pretend to be deaf and dumb, "Jamie, I still haven't figured it out, what grievances are there between us that is worth it?" ”

"There really is no direct grudge between us!"

Jamie. Dimon sighed and decided to make it clear, "But George, you have done something that has not only offended us, but also the U.S. government. What exactly it is, I'm sure you know better than I do. What is happening now is just the beginning, and there will be more to come. But rest assured, this matter will be strictly controlled within a range. Hello do it yourself! ”

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

"What the hell is going on?"

Rodney, who has been silently watching this side. Jones walked over and asked with concern, "George, what the hell is going on?" Jamie. Is Dimon planning to retract the decision on this email? ”

"Retracted?"

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

Hedge funds don't usually have just one brokerage channel, and quantum funds are no exception. So one less JP Morgan, Soros doesn't pay much attention to it. (To be continued.) )

PS: Thank you for the warmth of the book friend blue, the wind-blown face, Xia Yangyang, Quanquan Cat, ad110158, Xie Peihan for the monthly pass! Thank you for the fear of visiting the flower market and the reward of the evil king of Moyu! Seeing so much support from everyone, the author is full of gratitude and deep guilt at the same time, and I can't help but feel sorry for the lack of updating...... Thank you for giving the author a lot of motivation again, I must work hard~