Chapter 145 No one can protect himself
Less than two hours after the market closed, rumors about Goodman's company went viral. Like the Stanley rumors, Goodman was embroiled in a deal with the U.S. International Bank, surpassing Stanley's $287.1 billion deal.
The news shook the market, although many people were not impressed. But another rumor about Goodman is forcing them to face up: a sub-fund of Howard Asset Management, Europe's largest hedge fund, is withdrawing its position in Goodman. In addition to Howard Asset Management, other large hedge funds in Europe are quietly pulling their positions from Goodman.
Before everyone could digest the explosive news, an even more shocking news came out: Druckenmiller was withdrawing his funds from Goodman's brokerage account.
As Soros's most successful assistant, Druckenmiller's move has been one of the focal points in the market. Although he left the Quantum Fund in 2001 and his aura doesn't seem as glaring as it used to be, everyone knows about his close relationship with Soros. At present, the fund managed by Druckenmiller is his own family background plus the funds of some close investors, although the yield is not too high, but outsiders cannot get a glimpse of the real situation of this fund. But judging by the publicly available figures, the fund is also in the billions of dollars.
More importantly, whether the divestment from Goodman was Druckenmiller's own decision or Soros's construction, outsiders have no way of knowing. If it is the former's own behavior, the influence may not be nothing; But if it's the latter, it means that the top hedge funds and their managers are not bullish on Goodman either, and even quantum funds are withdrawing their positions, which is a big problem.
Even if Goodman had $200 billion in cash reserves, would it be able to withstand the divestment of several hedge funds? And once the funds are depleted. The only thing that awaits them is bankruptcy or being saved. Perhaps it is more likely to be saved, but at this time, who would dare to guess and gamble on Washington's mind lightly? Who would dare to pat their chests and guarantee that the funds in their Goodman account are safe?
No one!
The market is in turmoil, although many people are still looking and can't be sure of the authenticity of the news, but within Goodman. The money really started to flow out in a lump sum.
"Damn, this must be their revenge!"
Soon the news reached the ears of Frankvan, and it was only a little thought that he understood that this might be a trick on Stanley's side. Naturally, Frank was furious, but after the roar, he couldn't do anything.
Although he knew it, he did not have the slightest evidence to prove that it was Stanley, just as Stanley could not prove that the rumors that the market was unfavorable to him came from Goodman. As for "turning enemies into friends", it is even more impossible, first of all, the long-term competition between the two sides has made the relationship quite bad. And just two hours ago, he also rejected the olive branch extended by the CEO of the other party.
"No, I can't go on like this, I have to stop this from happening."
With that in mind, Frank Vans dialed Druckenmiller's phone. The two had a good personal relationship, and even when Druckenmiller wasn't in the Quantum Fund, they kept in close contact.
Although there are still doubts about whether Druckenmiller will divest, Beranke knows it. This is the real existence of zĂ i.
"Stanley, you can't do that." Blancfan tried to convince the other party with a personal relationship. "We're old friends. You can't withdraw your funds at such a time, and I can assure you that your funds are safe with us. â
"Sorry, Lauder, there are so many rumors in the market that I have to be cautious." Druckenmiller clearly wasn't too convinced. Declined lightly.
"No, no, Stanley, you have to listen to me." Belankvan said unhurriedly, "Within us." A list of friends and foes is being drawn up, based on the question of who has helped us in our critical moments. I don't think you want you to be on the list of enemies, right, Stanley. â
It's almost a threat, but Druckenmiller won't eat it, "Lauder, I'm sorry, I can't care if I appear on the enemy list. You know, these funds are all my net worth. You may think about it, but my first concern is my money. I have to protect myself first, and as for which list you put me on, that's your freedom, and I don't care at all. â
"Damn it, bastard with eyes for money!" Blancfan cursed in his heart, but his mouth couldn't help but echo, "Yes, you are right, this is also your freedom, but Stanley, I regret that your behavior may change our relationship for a long time to come." â
After hanging up the phone, Frankfan felt a wave of frustration, and it was clear that the other party didn't care about his feelings at all. After thinking about it, he decisively picked up the microphone again, and this time he called his ex, Henry. Paulson, U.S. Secretary of the Treasury.
"Henry, it's me, Belrankevan, I think we need help!"
âŚâŚ
Almost at the same time that Blank Van called Druckenmiller, John Stanley of the Stanley Company. Mark also received a call from Soros.
"John, I'm Soros, and I want to redeem a little money from you." Soros went straight to the point, without even a hint of negotiation.
In the eyes of outsiders, the relationship between Quantum Fund and Stanley Company is quite close, and the two sides have cooperated very tacitly with several big transactions, and naturally the senior management of the two sides will also have a fairly good private relationship. And so it is, but whether it's Soros or John. Mark knows that their relationship has become a disagreement, but both sides are hiding it from each other.
Soros made a fake withdrawal call, naturally to maintain a good relationship on the surface, otherwise he would not have even made this notification call.
"If you really want to do that, just get all the money out!" John. Mark's voice was weak and very lost.
Soros felt very strange to him about John. Mark's understanding is that the other party is either furious, or he will be bitter to keep himself. But the reality was that he didn't say a word as expected, which made him a little unsure, and he decided to test it a little longer.
"John, I'm so sorry, but I'm also forced to do it." Soros began to look for excuses for himself, "My risk officer reminded me. Quantum Fund has so many risky positions at Stanley, and there are so many rumors in the market that we can't tell which ones are true and which ones are false. â
"Take your money and sue the people in the market who believe the rumors, so that they can get their money back from us!" Not surprisingly, John. Mark was furious, "What we need now are loyal customers, not people who are swaying from side to side." Look at it. When everything is gone, even if these customers come back to us, we won't take care of their funds. â
"So?" Soros quickly weighed it in his heart, and felt that it was better not to tear his face, "John, is there any good news?" If you really don't have any problems, I think it's better not to spoil our relationship. â
He originally planned to use this to get some insider information about the Stanley Company, but he never thought that John Stanley. Mark had long since named him a dangerous man. How can you be fooled? Present John. Mark said lightly: "George, since you can think so, it's best.
I can responsibly tell you that the rumors about us in the market are not true. In fact, we've been experiencing inflows and outflows lately, and they've generally remained about the same. We are also looking for suitable investors who can be backed by sufficient cash flow to help us weather the storm. And also. The Federal Reserve and the Treasury have promised us that they will help when it matters. Come to think of it, with so much protection, we don't care about those guys who abandon us at critical moments. â
"Really?" Soros was really surprised, he couldn't tell John apart. What Mark said was true or false. I didn't have time to distinguish and verify, so I could only follow the other party's words, "Then isn't it to make a big profit by buying your company's stock now?" â
"Our company's stock?" John. Mark chuckled, "George, if you're going to buy our stock, I don't think it's the right time. But if you're not going to withdraw your capital, I can tell you that a stock that yields 100% will be able to achieve that yield in a matter of months. â
"What? I don't know about such a thing? Soros was taken aback again, and his mind was racing about the pros and cons of the divestment. In fact, today's collapse in Stanley's stock was led by his team, and Stanley's stock, which once plummeted by more than 30%, almost fell to the level of less than $16 per share, and then an inexplicable fund began to sweep at the bottom, not only stopping the decline, but even pushing Stanley's stock up, but Stanley's stock eventually fell by about 24%.
In retrospect, it may have been an institution that had known the inside story for a long time to buy at the bottom. Although it was only a slight contact, Soros's team clearly realized that the other party had deep pockets and could not be defeated lightly. Thinking about it like this, he completely understood that the Stanley Company might have found reinforcements.
But this is not yet known, and Soros just sees it as a possibility. He said vaguely: "John, if there really is such an opportunity to make money, I can consider not divesting from Stanley." But if the situation is really critical, there is nothing I can do about it, after all, the money is not our money now, and I am also responsible for my investors. â
"Of course, of course!" John. Mark's voice was visibly happy, "George, I know it's not easy now, but I can guarantee that if your position is big enough, you can even make as much profit as you would have invested in Stanley's position, and believe me, it's a sure deal." George, have you ever heard of Porsche? â
"Porsche?"
Soros is still reminiscing about John. Mark's words, suddenly heard Porsche was stunned, and then realized that the other party was talking about a sports car brand, but after thinking about it carefully, he understood, "You mean Porsche's acquisition of Volkswagen?" â
"Yes!" John. "Although Porsche claims to buy a stake in Volkswagen, in fact they are no longer sustainable, because there is still about 20% of the stake in the government, and they can't buy this part of the stake." If they really want to be absolutely dominant, then they want to buy the entire stake in the market, which is absolutely impossible. So the market is unanimously bearish on Volkswagen's shares, but no one knows when Porsche will stop. â
"As long as the day Porsche closes, it will be the time when Volkswagen's shares fall!" John. Mark continued to bewitch, "Based on the current price of about 420 euros, compared to the normal price of about 200 euros, isn't that 100% profit?" George, you can't miss this opportunity! (To be continued......)
PS: Thank you book friends for not me, Jiangnan Liu Feiyan, Shi Huangtian, and book friends 131025103232773 vote for the monthly pass! Thank you for the reward in the rain in a hurry! When the hot weather finally eased with the arrival of the beginning of autumn, it should have been the time to write a good book, but the author will go back in the next few days because of something at home (this is already scheduled not an accident), the author really has to make up his mind to write a good book after coming back and is no longer affected by other factors, and it is indeed too little recently, and try to write as much as possible in the future.