Chapter 502 Game in Game (2)

  Although 40,000 lots of long positions in March is already a large number, for Nick, Hunter and others, this price is absolutely unacceptable.

  In terms of margin alone, this price is satisfactory, but due to the average price of opening positions, even if the price of natural gas has dropped to this extent, their positions in March are still profitable. Yes, still profitable.

The problem now is that the March and April position portfolio of the Undead Flower Fund is loss-making, which means that the loss on the April contract is much greater than the profit on the March contract, and the difference between the two is the reason for their huge losses the main reason.

  Naturally, the willingness of the executives who are not withered is to package and sell this hedged position even if they lose a little more. They have no intention of splitting up these positions and selling them one by one, because doing so will not only not solve the funding dilemma, but will also drag down the performance of the Evergreen Fund even more.

  So, after thinking about the offer of these two analysts for a moment, they rejected it straight away.

"Sorry, two, this part of the position will not be sold separately. If you are really willing, we should discuss the sale of this part of the hedge position." Nick sighed and covered his shiny forehead , said weakly.

After Shaw Kenny and Jerry Rice looked at each other, they nodded in unison, and Shaw Kenny continued: "If this is the case, then there must be some concessions in terms of price, I believe you should also Know what's going on now."

  The faces of the senior executives here turned dark, and several of them nodded subconsciously.

"For 30,000 lots of swap contracts, plus the corresponding options, we bid 450 million US dollars. Although the price is a little less, because we have to bear the risks behind, this is also a helpless move." Goodman's company After the two lowered their heads to discuss for a while, Shaw Kenny still spoke.

  In terms of value alone, these 30,000 contracts are far more than this figure. Even in the event of a huge loss, this part of the position still has a value of billions of dollars. But the current situation is that the Evergreen Fund has no ability to continue to maintain this part of the position, and can only watch this part of the position continue to lose money, so from this point of view, Goodman's price reduction behavior can be It is understandable to say.

   But from the perspective of the Never Withered Flower Fund, this price is undoubtedly too low. Among other things, the value of this part of the contract far exceeds this figure. Even if it will continue to lose money in the future, it does not necessarily mean that the loss will be only a mere $450 million. Therefore, after hearing Shaw Kenny's words, everyone's faces darkened suddenly.

   "Well, double, $900 million, we accept your offer!"

After bowing their heads and whispering here for a while, the high-level executives of the Never Withered Flower Fund finally discussed a result. Nick put on a sullen face and offered a price. Even at this price, he was still not satisfied in his heart, because he felt that I still lost money.

   "Poof..."

To the surprise of the top executives of the Everlasting Flower Fund, Shaw Kenny and Jerry Rice actually laughed out loud in front of them. This was so rude that they were all a little angry . However, after considering the consequences of tearing their skins apart, they can only forcefully suppress this dissatisfaction in their hearts.

   After laughing for a full ten seconds, the two analysts from Goodman Company barely stopped their laughter, but the distorted expressions on their faces still showed that they were still laughing at each other's proposal. After waiting for a while, they stopped smiling completely, and Jerry Rice said seriously: "Gentlemen, please forgive our impoliteness, but your proposal is really ridiculous. Obviously, the price is too high." It has exceeded our expectations, please be more realistic and show your sincerity. Well, we can add a little more, 500 million US dollars, which should be enough!"

Obviously, for the valuation of this part of the position, the people from Goodman Company did not say their psychological price, but this also relieved the non-withered flowers. After all, the other party can take the initiative to increase the price, which means that there is still Room for bargaining.

   "800 million US dollars, this figure cannot be lower!"

   "550 million US dollars, this is already our psychological limit!"

   "700 million US dollars, as long as you can even out, or survive this period of time, the profit will be at least 50%, maybe even more."

   "$600 million, it can't be more. If it exceeds this figure, we are out of control."

   "Since this is the case, the two parties will take another step back, 650 million US dollars, this is a perfect ending, and you can earn more, can't you?"

   "Sorry, we can only give so much."

   "Let's talk again, don't leave yet..."

  After several tug-of-wars between you and me, the two parties finally reached a final agreement on the price of 600 million US dollars, and after discussing some details, they shook hands and left. Everyone was happy.

  After selling a considerable amount of positions, the boulder hanging in Nick's heart finally fell to the ground. After congratulating with several other people for a while, he returned to his office and began to type the email carefully, an email explaining the current performance to investors.

When it comes to this kind of email, Nick has a bit of love-hate relationship. On the one hand, because of the contract, he has to send similar emails to all investors frequently; There is a risk that the position will be exposed, after all, not every investor can fulfill the obligation of confidentiality.

  But it doesn’t matter now. After Goodman’s quotation came out, basically the threat of the natural gas position contract to the Evergreen Fund has been lifted, so in the email, Nick wrote:

"Dear investors, when you read this email, I, Nick Mahoney, founder and senior partner of Evergreen Asset Management, regret to inform you that in the recent investment During the event, there was a huge loss in the funds managed by the Flowerless Fund."

"Because of the investment mistakes of Bond Hunter, the senior manager of the fund, the position in the natural gas contract was too large. After the news of the warm winter in the market, these shoulder arbitrage positions suffered huge losses because the opening price was too high. September 14 A loss of US$640 million was made on the day, and a loss of US$320 million on the 15th. In order to cope with the pressure from brokers and to avoid continued losses, and for the interests of all investors, we decided to sell part of our asset portfolio to tide over current difficulties."

"It is undeniable that the Evergreen Fund has encountered some very big difficulties at present. But what I can assure you is that we have successfully found buyers in the market to dispose of assets, and we will do our best To protect your wealth. So please rest assured that we will, as always, do our best to help you take care of your funds.”

  …

   After typing, Nick read the content of the email several times again, and after confirming that it was decent and would not cause panic, he pressed the send button with satisfaction.

Nick is well aware of the truth that fire cannot be contained in paper, and there have been rumors about the huge losses of the Everlasting Flower Fund in the market. In this way, he must reach an agreement as soon as possible to stabilize people's hearts, because if this news is really confirmed, then the entire Everlasting Flower Foundation will immediately become everyone's target.

   It’s just that what Nick didn’t know was that at the moment he hit the send button on his email, in an abandoned carport thirty miles away, several big men with thick waists and round arms also received related messages.

   "Boss, look!"

   These people are all bald men with beards and typical Mexican looks. There is no doubt that this is a Mexican gang.

A thick man with tattoos visible on his neck took the mobile phone and handed it to another big man who was struggling to clean his pistol. The big man in a black T-shirt was stunned, then he put down the pistol slowly, took Looked at the phone.

   "The target has been settled, you can release him!"

After reading the text message on the phone, the big man in the black T-shirt touched his smooth head and complained in a muffled voice, "This is such a **** trouble. If I had known it earlier, I wouldn't have accepted this order, and let us take care of those two dogs." Damn. Those two **** are honest, don't cause us any trouble!"

"Don't worry, Boss, they've been tidied up long ago!" The tattooed man said hastily, "You'll be honest after a few beatings, don't look at them like dogs, they're so scared that they peed on their pants when they saw blood .”

"Well, take them away first, and then release them." The man in black waved his hand impatiently, telling the tattooed man to release them, and at the end he couldn't help adding, "Tell those two boys, We just invite them to be our guests for two days, there is no other meaning. If they dare to call the police, hehe, just..."

  He didn't continue, but a stern look flashed across his sinister face, and he made a throat-cutting motion with his palm under his neck, the meaning of which was self-evident.

   "Yes, boss!" The tattooed man's face remained unchanged, he just nodded slightly, and walked out. Obviously, he has long been familiar with the meaning of his boss's action, and he doesn't even know how many times he has done it.

In the cellar of the garage, two men in shirts were tied back to back under a pillar. There was no air conditioning in the cellar, and it was hot and humid. Although it was only two days, the two were already exhausted. The people above fed them some necessary food yesterday, no one cared about their life and death, and even urinated and defecated in their crotch, so the whole cellar emitted an unpleasant smell smelly.

  The tattooed man held a black pistol, opened the cellar door, and immediately frowned. The smell was really unbearable for him. Holding his nose, he walked up to two middle-aged men who were already in a state of embarrassment. He glanced at each other in disgust, then turned his head away, and said, "Hey, guys, how have you been these two days? It's time to leave It's time!"

Who would have thought that his words immediately caused great panic among the two people who were tied up. Although their hands and feet were bound and their mouths were gagged, they started roaring crazily the next moment, even though they could only utter a few "whoops" the sound of.

The tattooed man was taken aback by their sudden madness, but after thinking about it for a while, he came back to his senses, kicked the pillar suddenly in anger, and shouted loudly: "Damn it, you guys! These damned sons of bitches, do you think I'm going to kill you? You bastards, don't you understand what I mean? Let you go, let go! Let go!"

   After finishing speaking, he put the pistol behind his back, took out the rags from the mouths of the two, and then began to untie the ropes on the two, muttering something while doing it. It's a pity that he spoke Spanish, and the two people who were cast looked at each other, completely unable to understand what he was saying.

  But they are clear that they may really be released.

   Sorry for being late again...Let’s not take this as an example...Thanks to the book friends for cutting the knife and cutting the oil, I am affectionate and drink enough water, I was not the one who voted for the monthly ticket last night!

  

  

  (end of this chapter)