Chapter 920 The joys and sorrows of human beings are not the same

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

"Tiger Management may lose more than $15 billion in a single day!"

"The short-selling failure on Wall Street was an epic one. Many banks and securities companies that provided loans to Wall Street hedge funds also faced huge losses. Credit Suisse's direct losses exceeded US$5 billion, and Japan's Nomura Bank lost more than US$4 billion.

Spanish bank Internacional lost more than $2 billion..."

Tiger Fund suddenly announced its closure, which was a huge shock to the entire Wall Street and global investment banks. Later, the media discovered that Tiger Fund almost completely liquidated its position during the Nasdaq surge, setting a record for mankind.

The largest single-day loss record in history.

It’s not just Tiger Fund that suffered losses. Tiger Fund, Chris Hedge Fund, Melvin Hedge Fund and other companies also used leverage and borrowed huge amounts of US dollars from many overseas banks and consortiums. This time the hedge funds exploded.

Warehouses and these banks were also unlucky, and almost all of them lost a large chunk of their meat.

“Amazon’s stock price has reached a record high, currently reaching an astonishing $210, and its market value has exceeded $47.3 billion, making it one of the top five companies with the highest market capitalization on Nasdaq!

Even Sohu, a small company on the other side of the ocean, with revenue of less than 20 million U.S. dollars last year, now has a market value of more than 8 billion U.S. dollars. For the short-selling hedge funds, as well as the Wall Street and overseas banks behind them,

, not only facing losses, but also... the problem of how to close the position!"

On the financial channel of New York TV, unlike before when they ridiculed Amazon for being like a clown and overestimating its own capabilities, the TV host and the invited guests had completely changed their tone and began to discuss with serious faces the issue of the sequelae of short selling this time.

, there is a big mess waiting to be cleaned up.

Amazon has broken through the short defense line, Bruno concept stocks have returned to the market, and now they have completely gone crazy. Even Sohu, a small company that was originally inconspicuous, is now shining brightly. Sohu’s founder, Lao Zhang, suddenly has a skyrocketing value.

Dozens of times. Although it was only on paper, Sohu's stock price skyrocketed, and Lao Zhang suddenly became the richest man in the country, even in name...

A large number of hedge funds have gone bankrupt this time. History repeats itself, and the only lesson history teaches mankind is to never learn from history. Even if there are examples of Double Click companies in the past, knowing that they may be hunted, for the sake of

The immediate profits still have countless hedge funds rushing in with red eyes.

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

The Tiger Fund was in a mess at the moment, with documents scattered on the floor. Countless former Tiger Fund employees were carrying cardboard boxes and leaving the company one after another. These people were once the proud and rising stars of Wall Street. They graduated from prestigious schools.

, as soon as he entered Wall Street, he received a high salary and would become the main force on Wall Street in the future, but now he is leaving Wall Street.

At least for a short period of time, no Wall Street institution dared to hire them. This time Tiger Fund failed so miserably that Wall Street institutions did not dare to hire the Tiger Hedge Fund group for a while.

A large group of people gathered at the entrance of Tiger Fund, and they were eager to break in. The security personnel of Tiger Fund had already run away, and those who had resigned were also watching indifferently, as if all this had nothing to do with them.

, even Julian Robinson gave them a severance package.

"Bring out that liar Julian Robinson!"

"He's a devil. That's 40 million US dollars, and he lost it all in one day!"

"He should be in federal prison!"

Those gathered at the door were all Tiger Fund investors. They were all cursing with ferocious faces at this moment, wanting to break in and settle accounts with Julian Robinson.

Only a few disciples of Julian Robinson, Chase Coleman, Philip Lafont, and Ainsley struggled to stand in front of the crowd and prevent them from rushing in. Chase Coleman called the building urgently.

The security personnel arrived at the scene and stabilized the situation.

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

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

Overnight, he seemed to have aged a lot. The somewhat senile Julian Robinson sat there quietly, seemingly indifferent to the chaos outside.

"It's all over!"

Julian Robinson smiled and said to Chase Coleman, with a little helplessness, sadness and anger, but also a little relief. Twenty years have been in vain. From 1980 to now, it is exactly twenty years. In the end, Julian Robinson still has nothing.

Can break the curse of Wall Street. Every hedge fund, as long as it reaches a certain level of scale, will inevitably be liquidated. This is the curse of Wall Street and the result of human nature. Julian Robinson is not immune to it after all.

Perhaps when the short-selling Japanese yen failed miserably last year, he should have quit. At that time, Julian Robinson should have understood that his era was over...

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

I will personally call Bruno Song and Kravis and ask them for peace... and I will try to keep some of the dollars and return them to investors. The Tiger Fund is over!"

With Julian Robinson's status and connections in the world, as long as he is willing to bow his head and admit defeat, no matter whether it is Kravis, Addison, or Wall Street institutions such as Goldman Sachs who are on the sidelines, they will not embarrass Julian Robinson too much.

Killing people can only be done with a nod. Apart from the so-called face, the most important thing is that everyone understands that Tiger Fund has no profit and water. Now there are not many dollars left in Tiger Fund’s books. If you scrape it again, you can still get it.

How much oil and water did you scrape out?!

On the contrary, the investment banks, banks, and securities companies that provide guarantees and loans to those hedge fund companies are going to be in bad luck this time. The hedge fund companies will go bankrupt at worst, and the worst they can do is go to federal prison, just like Julian.

·Robinson, at best, will retire and lose a lot of his net worth, and at worst, will spend 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 positions for users, they must buy enough stocks of Amazon, eBay, Sohu and other companies to close the positions!

"Chris Hedge Fund officially declared bankruptcy today. Its founder, Christopher, who was once on the list of America's richest people and was worth $3.5 billion, has lost contact. It is rumored that he was illegally taken away before losing contact.

He has stolen the money of a large number of investors, and now the Manhattan Federal Court has officially begun to issue a wanted order for him!"

"Suriya, the manager of Chris Hedge Fund, who led the epic short-selling of Amazon and other companies, was also ordered by the Manhattan Federal Prosecutor's Office today to restrict him from leaving New York.

More than 400 investors have filed a class action lawsuit against Chris Hedge Fund in the New York Federal Court. The damages may reach as much as $8.9 billion. These investors are all accused of short selling Amazon by Chris Hedge Fund.

, and suffered heavy losses, including some bankruptcy...

Some legal experts claim that Surya may be arrested in the near future and charged with more than 30 crimes including securities fraud, investor fraud, wire fraud, extortion, stock price manipulation, illegal trading, etc. Surya may face up to

430 years in prison and possibly no bail in the short term!”

ICNC TV station reported on this incident with full force. It sent a special interview and broadcast team and a broadcast truck, which was parked in front of the street on Wall Street and was doing real-time reporting.

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

He was indeed rescued. If the people from the Federal Police had not arrived in time, Surya might have been bankrupted by the investors who invested in Chris's hedge fund, as well as those who followed Surya into the battle and ended up with nothing.

Investors, beat to death by the angry ones!

In the camera, Surya has a bruised nose, swollen face and a blood stain on his forehead. His eyes are blurred and frightened, and his heart is filled with despair. Apparently he doesn't know why he ended up in this situation.

“The short selling led by Suriya and Chris Hedge Funds may have far greater influence than the original short selling by Creamer Hedge Fund against Double Click.

Affected by the liquidation of positions by 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 seriously affected non-Bruno concept stocks. Currently, the New York Stock Exchange

Stocks have been hit hard."

In a federal prison, during meal time, real news was being played on the TV in the restaurant. However, most of the prisoners who were eating were not very interested in this stuff. Wall Street was too far away from them.

When the big shot is unlucky, 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 filled with memories.

When he saw the photo of Surya's beaten head and blood, the man couldn't help but sigh, then picked up his plate and left silently. He felt that it wouldn't be long before a group of fellow victims would come in to accompany him.

He is dead. In his life, if he waits for a few more decades, he will still have the opportunity to go out and bask in the sun. Surya may not have the chance to go out again in his life.
Chapter completed!