Back To 1995

  Chapter 920 The joys and sorrows of human beings are not connected

   "The largest single-day loss in Wall Street history!"

   "Tiger Fund's single-day loss may exceed 15 billion US dollars!"

"The epic defeat of Wall Street bears. Many banks and securities companies that provide loans to Wall Street hedge funds are also facing huge losses. The direct loss of Credit Suisse Bank has exceeded 5 billion U.S. dollars, and the Japanese Nomura Bank has lost more than 4 billion U.S. dollars. Spain's Interbank lost more than two billion dollars..."

The sudden announcement of the closure of Tiger Fund was a huge shock to the entire Wall Street and global investment banks. Later, the media dug up that Tiger Fund almost completely broke its position in this Nasdaq skyrocketing, setting a new record for human beings. The largest single-day loss in history.

The loss is not limited to Tiger Fund, Tiger Fund, Chris Hedge Fund, Melvin Hedge Fund and other companies have also used leverage. Many overseas banks and consortiums have borrowed huge amounts of US dollars. This time the hedge fund exploded. warehouse, these banks are also unlucky, and almost all lost a large piece of meat.

   "Amazon's share price has hit a record high, and it has reached an astonishing $2.10. The market value has exceeded $47.3 billion, and it has entered the ranks of the top five companies with the highest market value on Nasdaq!

Even Sohu, a small company on the other side of the ocean, with a revenue of less than 20 million US dollars last year, has a market value of more than 8 billion US dollars now. For the short-selling hedge funds, as well as the Wall Street and overseas banks behind them , not only facing losses, but also...how to close the position! "

On the financial channel of New York TV station, it was different from the time when they ridiculed Amazon for being overconfident like a clown. At this time, the host of the TV station and the invited guests had completely changed their tone and started to discuss with a serious face. This time, the sequelae of shorting , there's a big mess waiting to be cleaned up.

Amazon has already broken through the short line of defense. Bruno's concept stocks have come back out of the rivers and lakes, and now they are completely crazy. Even Sohu, a small company that was originally inconspicuous, is now shining brightly. Sohu's founder, Lao Zhang, has suddenly seen his value skyrocket Although it is a thing on paper, the soaring stock price of Sohu still makes Lao Zhang the richest man in the country suddenly, even in name...

There are a large number of hedge funds that went bankrupt and bankrupt this time. History is repeated, and the only lesson history can teach mankind is to never learn from history. For the immediate gains, there are still countless hedge funds rushing in with red eyes.

  If there is another opportunity in front of these hedge funds, I am afraid they will still dare to do this. Even if they do it a hundred times, the result will not change!

The Tiger Fund company is in a mess at the moment, with documents scattered on the ground. Countless former Tiger Fund employees are moving cardboard boxes and leaving the company one after another. These people used to be the favorites of Wall Street and the stars of tomorrow. They graduated from prestigious schools. , As soon as he entered Wall Street, he was paid a high salary. He will become the main force of Wall Street in the future, but now he is leaving Wall Street.

  At least in a short period of time, no Wall Street institution dared to take them. This time, Tiger Fund lost too badly.

A large group of people gathered at the entrance of the Tiger Fund company, and they were eager to break in. The security personnel of the Tiger Fund had already run away, and the resigned staff also looked on indifferently. It seemed that all of this had nothing to do with them. , even Julian Robinson gave them a severance package.

   "Get out that liar Julian Robinson!"

   "He's a devil, that's $40 million, he lost it all in one day!"

   "He should go to federal prison!"

   Those who gathered at the door were all investors of the Tiger Fund, and they were all cursing with ferocious faces at the moment, trying to break in to settle accounts with Julian Robinson.

Only a few disciples of Julian Robinson, Chace Coleman, Philip Laffont, and Ainsley stood in front of the crowd and prevented the crowd from rushing in. It was Chace Coleman who called the building urgently The security personnel arrived at the scene to stabilize the situation.

   "You need to get out of here immediately, Mr. Robinson!"

   Chase Coleman hurried into Julian Robinson's office and said to him.

  Overnight, he seemed to have aged a lot. Julian Robinson, who was a bit old, sat there quietly, seemingly indifferent to the chaos outside.

   "It's all over!"

Julian Robinson said to Chase Coleman with a smile, with a little helplessness, grief and relief, twenty years have been nothing, from 1980 to now, exactly twenty years, in the end Julian Robinson still did not It can break the curse of Wall Street. Every hedge fund, as long as the scale reaches a certain level, cannot avoid liquidation. This is the curse of Wall Street, and it is also the result of human nature. Julian Robinson is not exempt.

  Perhaps when he failed miserably when shorting the yen last year, he should have retreated bravely. At that time, Julian Robinson should understand that his era is over...

  At this time, Julian Robinson calmed down, looked at Chase Coleman and said, "You and Philip Laffont, Ainsley, take the Foundation and leave Tiger Fund.

  I will personally call Bruno Song and Kravis, and ask them... for peace, and I will try to keep a part of the dollar and return it to investors. Tiger Fund is over! "

  With Julian Robinson's status and connections, as long as he is willing to bow his head and admit defeat, whether it is Kravis, Edison, or Wall Street institutions such as Goldman Sachs who are cheap, they will not be too difficult for Julian Robinson.

Killing is nothing more than a nod, except for the so-called face, the most important thing is that everyone understands that the Tiger Fund has no oil and water, and now there are not many dollars in the Tiger Fund's books. How much oil and water is scraped out? !

On the contrary, the investment banks, banks, and securities companies that provide guarantees and loans for those hedge fund companies are going to suffer bad luck this time. The hedge fund companies will go bankrupt at worst. Robinson, the most likely to be retirement, the net worth will lose a lot, the worst is a few years in federal prison.

  The securities and investment banking companies that provide guarantees for hedge funds are the most troublesome at this time. If they want to close their positions for users, they must buy enough stocks from Amazon, ebay, Sohu and other companies to close their positions!

"Chris Hedge Fund Company officially declared bankruptcy today. Its founder, Chris Toffer, who was once on the richest list in America and worth $3.5 billion, has lost contact. It is rumored that he illegally swept away A large part of the investors' money has been stolen, and the Manhattan federal court has officially started to issue arrests for him!"

  “Surya, the manager of Chris Hedge Fund, who led the epic shorting of Amazon and other companies, was also ordered by the Manhattan Federal Prosecutor’s Office today to restrict his departure from New York.

More than 400 investors filed a class action lawsuit against Chris Hedge Fund in the New York Federal Court. The lawsuit damages may reach as much as $8.9 billion. These investors are all because Chris Hedge Fund shorted Amazon. , and suffered significant losses, including partial bankruptcy...

Some legal experts claim that Surya may be arrested in the near future and prosecuted for more than 30 crimes including securities fraud, defrauding investors, telecommunication fraud, extortion, stock price manipulation, and illegal transactions. 430 years in prison and probably won't be able to get any bail anytime soon! "

  ICNC TV station reported this matter with full firepower, and specially dispatched an interview and broadcast team, dispatched an broadcast truck, and parked at the entrance of the street on Wall Street, doing real-time reports.

  ICNC TV footage recorded in detail the scene where Surya was "rescued" from Chris Hedge Fund by New York federal law enforcement officers.

It was indeed rescued. If it wasn’t for the timely arrival of the federal police, Surya might have been bankrupted by the investors who invested in Chris’s hedge fund, and those who followed Surya into battle and ended up with nothing Investors, be beaten to death by the angry ones!

  Surya in the camera has a bruised nose, a swollen face, and blood stains on his forehead. His eyes are full of confusion and fear, and his heart is ashamed. Obviously, he doesn't know why he has come to this place.

   "Surya and Chris Hedge Fund, leading this short sale, may have far more influence than Creamer's hedge fund's short sale against Double-Click.

Affected by the liquidation of Chris Hedge Fund, Tiger Fund, etc., many Wall Street investment banks, securities, banks and other companies have begun to be forced to raise US dollars to close their positions. This has severely affected non-Bruno concept stocks. Currently, the NYSE Stocks, have been hit hard. "

In a federal prison, during meal time, real news is being broadcast on the TV in the dining room, but most of the prisoners who are eating are not very interested in this thing, Wall Street is too far away from them, and seeing Wall Street Big people are unlucky, and they basically watch it for fun.

   Only one person, when he heard the name Creamer Hedge Fund, raised his head and looked at the TV, his eyes full of memories.

When he saw the photo of Surya being beaten to the point of bleeding, the man couldn't help sighing, then picked up his plate, and left silently. He felt that a group of troubled brothers and sisters would come in to accompany In his life, he will still have a chance to go out to bask in the sun in a few decades, and Surya may never have the chance to go out in his life.

  (end of this chapter)