Chapter 500 plotting a way out

Since 2000, the most famous investment banks on Wall Street, such as Goodman and Stanley, have sent invitation letters to Tianyu Fund for investor meetings. They naturally want to work hard to maintain this relationship, so although most of the time Domain Fund never shows up, but they still send invitations to each other tirelessly, and sometimes even change the rules and take the initiative to organize hedge fund groups to come to Hong Kong to raise funds.

However, there have been many similar invitations, and Tianyu Fund has never shown up. At most, it will send a few analyst-level people to deal with the situation. This makes Goodman and other companies feel disappointed, but their sales staff are not at all. Dare to be careless, and still conscientiously launch public relations activities with giants like Tianyu Fund, even though their sales have changed one after another.

This time they also took the attitude of giving it a try, and sent invitations to Tianyu Fund. Who would have thought that they would actually attract a big man, and a legend, Zhong Shi, who is well-known even in Wall Street. advent. Although it happened suddenly, Goodman Company notified all the hedge funds willing to raise funds at the first time, which also made their investor meeting unprecedentedly popular.

   "Mr. Zhong, nice to meet you, but I have something urgent to deal with now, so I'm sorry."

Nick's face was cloudy and uncertain for a long time, and finally he sighed and said to Zhong Shi with an apologetic face. He took out a business card from his pocket and held it in front of Zhong Shi respectfully with both hands, "Mr. Zhong, This is my business card, and the door of the Everlasting Flower Fund is always open for you."

   After making this solemn statement, Nick hurried away amidst everyone's surprised eyes.

   After glancing at the business card that many people envied, Zhong Shi casually put it in his arms, waved towards the team, and motioned for the next person to come over.

  …

  It was already raining heavily outside, the driver came up with an umbrella, and asked tentatively: "Boss, driving in this weather is a bit dangerous, should we find a place to live first?"

   "It's too late!" Nick frowned, walked straight towards the Mercedes-Benz, and said as he walked, "Something happened, and I need to go back to deal with it urgently, thank you."

  The driver nodded expressionlessly, and silently sent him into the car, then got in the car silently, started it, and then the Mercedes-Benz slid out slowly in the pouring rain.

  Just ten minutes after the transaction ended, Bond Hunter's Ferrari roared out from the office building and headed straight for the airport, where a private jet was waiting for him and flew straight to Greenwich.

After getting into such a big disaster, Hunter is very clear that this matter is no longer something he can settle. The risk control at the headquarters must have discovered the corresponding situation, and he must go back as soon as possible to give an explanation to all parties. By the way Discuss how to clean up the mess.

   Not only him, all the partners and senior management of the Never Withered Flower Fund were recalled urgently, and the meeting place was set at Nick's home in Greenwich. They will discuss how to deal with this matter.

  Some people will say that there is only a loss of 640 million U.S. dollars, so there is no need to mobilize so many people. After all, the BWF Fund manages nearly 10 billion U.S. dollars of funds. But this is not the case. Because of leverage, the total value of this part of the position actually reaches tens of billions of dollars. If it continues to lose money, it will be unsustainable, at least in terms of cash.

  The most important thing is not the broker’s call for margin, but once the news is leaked, all traders on Wall Street will rush over like a shark smelling blood, and take a bite of this huge position. This is the most worrying thing for the senior management of the Everlasting Flower Fund.

In a detached house located in a wealthy area on the outskirts of Greenwich, three or four middle-aged men in suits and leather shoes were sitting on the sofa, leaning against the window, or standing with their hands on their hips, in different poses. Same, but everyone has sad looks on their faces and no interest in talking.

  Placed on the coffee table in the middle of the living room is a large seafood pizza and dozens of cans of beer. These are their dinners. But no one was interested in touching the tasty and delicious pizza. They were all gulping down their beer, and some even lit their cigarettes. It didn't take long for the whole living room to be a mess.

As the hostess of the family, Linda Mahoney hid upstairs early. Although Nick Mahoney did not say a word to her, when she saw so many colleagues gathered at her house, She intuitively felt that something important must have happened.

   At eight o'clock in the evening, Bond Hunter finally rushed over from far away Canada. After looking at the dead living room, he tore off a piece of pizza and started to gobble it up. The strange thing is that the other people didn't seem to have seen this situation, and they didn't even bother to say even a word of greeting.

At 8:30, Nick's limousine finally drove back from New York. As soon as he opened the door and took off his windbreaker, he saw a few partners with sad faces, and Bang who had just filled his stomach and was hiccupping. De Hunter.

   "Tell me, what is the situation?"

  Nick threw himself heavily onto the sofa, pulled out a Marlboro from the table, lit it up, took a deep breath, and asked with a serious face.

"The position has suffered a huge loss, and the margin is already in jeopardy. The broker called and urged us to call for the margin." Bond Hunter took a sip of beer, and Heineken beer did not suit his taste, which made him unconsciously I frowned, "Now I have no liquidity on hand, and all current positions have suffered losses, not only in the past month, but also in recent months, basically all the extra margin has been invested."

Although he was very angry in his heart and even wanted to beat Hunter violently, Nick knew very well that this would not solve anything at all. After thinking about it, he said: "What if you close the position? What will happen if you close the position?" ?”

"This is impossible!"

Hunter's hand trembled, and the soda can fell directly to the ground, and the white foam was scattered all over the floor. He didn't care to clean it, and he hurriedly said: "All the positions we currently hold that have not been liquidated, although there have been losses , but if you close your position rashly at this time, it will definitely cause a big drop, and then it will be more than just a small amount of money, it is simply a blatant admission of defeat to the market."

   "So we must not close the position until it is absolutely necessary, otherwise the consequences will be more than ten times worse than now." Finally, Hunter said firmly.

   "So..." Nick raised his eyebrows, "On the one hand, we need to raise cash to maintain the position, and on the other hand, continue to suffer losses?"

"No! No! No!" Hunter shook his head repeatedly, "It's one thing to raise cash to maintain the position, and sell part of the asset portfolio to obtain cash flow, and at the same time reduce the position to survive this difficult time, so that whoever loses in the future wins It's hard to say."

  Although the others did not speak, their nodding expressions fully showed that they had fully assessed the situation, and at the same time believed that this was the best strategy at present, none of them.

"God!" Nick couldn't help holding his head, and complained loudly, "How many positions have you established? How could this happen in one day? Also, what is the leverage ratio? The merchant has notified you to call for the security deposit?"

Although he is the founder and senior partner of the Evergreen Fund, Hunter does not know the position of his investment portfolio. These things are in the charge of the risk control department, but because Ju can make money, the risk control department basically has no control over Bond Hunter's position is not binding.

Hunter's face was rarely flushed with embarrassment, and after being silent for a while, he said with difficulty: "Currently, the positions in each month exceed 100,000 lots, accounting for... 40% of all open positions in NYMEX. , I know it's a bit big, and the leverage is twice that of NYMEX, but... never had a problem before."

  Although there were no accidents before, it does not mean that there will be no accidents in the future. Everyone understands this truth, and of course scoffs at Hunter's justification.

   "What about you?" Nick drank the beer in his hand in one gulp, slammed the can, and after scanning the other people, he asked in a deep voice, "Do you have any other opinions?"

"Basically it's difficult!" Leonard Trellis, the head of the risk control department, shook his head and pointed to Bond Hunter, "He's right, because the position is too large, so we basically There is no possibility of liquidation. In addition to continuing to pay margin and maintain the current position, the most important thing is to reduce this part of the position as soon as possible, because our position is too large."

   "So what we have to do now is to call those banks or funds that do commodities to see if any of them are willing to take over our positions, even if they lose a little bit."

  Leonard has nothing to do. Although he controls the risk control department, driven by interests, he and his team can only turn a blind eye to Bond Hunter's growing position selection. Because he knew that the other party was the soul and golden sign of this fund. Without Bond Hunter, everyone including Nick was nothing.

"In addition, one more thing to note is that this news must be kept absolutely confidential, at least for our opponents, this news must not be leaked out. So there is no need for those energy funds to tell, and the commodity trading departments of those investment banks , We can contact those funds that do not engage in energy, we must try our best to block this news, otherwise we will have no way out when rumors spread in the market.”

  Finally, Leonard added cautiously.

"Don't worry, if it is an investment bank that intends to buy our position, it will never leak this news." Nick nodded in agreement, then lit a cigarette again, and said, "In addition, Griffin from Castle Investment and I He has a good personal relationship, he has always wanted to be a company that surpasses Goodman, I think at least in this regard, he should be willing to help us."

   "I hope!" Hunter drooped his head, not daring to say a word. At this time, although he knew that John Arnold would never tell the outside world about his attempt to sell positions, he did not dare to let everyone present know that he had already made similar actions.

   "Okay, hurry up and go to action!"

Once he made up his mind, the distress and hesitation on Nick's face disappeared. He took out his mobile phone from his pocket and dialed the number while talking. This is a senior partner and managing director of Goodman Company, Head of Commodities Trading on the phone.

Seeing this, the others got up and left one after another, took out their phones while walking, and began to make appointments with familiar investment banking departments, asking them to send people to discuss the sale of positions as soon as possible. The time is set on Saturday of this week, and the location is natural is the offices of the Everlasting Flower Foundation in Greenwich.

  At least until now, although the natural gas positions of the Evergreen Fund have suffered huge losses, they can at least sustain it. Because time is too tight, they can only hope to sell part of their investment portfolio to survive this hurdle. But everyone who is busy now would never have imagined that what awaits them will be a catastrophe.

   Thanks to q66w66, God Kalm, the wind waiting to berth, snow shadows dancing... and other book friends for voting monthly! Thanks to book friend Xiaoqi Civilization Miracle for giving wintersweet again! It's the last day of this month, I hope friends who have a monthly pass can support me~

  

  

  (end of this chapter)