Big stars who came out of football

Chapter 195 Chapter 195: Bear Stearns Alternative to Old and New

Although Bear Stearns is the smallest of the five major investment banks in the United States!
However, his two hedge funds have recently attracted attention from the outside world, because these two funds have not only eaten up all the Alt-A loan agreements on the market.

The returns of these two hedge funds in recent months are also legendary in the industry.

Sheldah Best also came back from Hawaii with a dusty look on her face. She had just arrived at the Bear Stearns building, and she had a headache on her face. The colleagues around her always liked to say: God Bless America~
Sheldah Best replied with a smile: "God bless America!"

"How's going to Hawaii? I hear you've been hanging out with our new incoming CEO, Alan Schwartz lately?"

Shelda Best saw that it was his senior Hugo Crowley who took the initiative to chat with him. Although this senior was named by a great writer, his life in Bear Stearns was not smooth at all.

Shelda experienced the Internet bubble when she first joined Bear Stearns. Hugo, as his senior, briefly served as his teacher for a period of time.

Sheldah remembers clearly~
At that time, the Cisco he held fell by 80% in the bubble~
He told Sheldah very clearly that this is a crisis, a huge bubble is happening.

Sheldah remembered that a group of newcomers who joined the company secretly bet together in the toilet on where the A-share index would eventually be adjusted.

Sheldah said that 3000 points is about the same, some people say 2500 points, and some say 2300 points is the iron bottom.

But one person actually said that it would be 1971, because his father was born in this year.At that time, they all thought that this person was crazy, and 2000 points would definitely not break through, but they didn't expect it to fall to 1664 points in the end.

Although Sherda's development in the company in recent years has been much better than that of Hugo, he still needs to respect his predecessors.

"This time is to solve the things that want to short the U.S. housing market."

When Hugo Crowley heard this, he quickly asked with a gossip: "What's the name of that? It's from Sain Capital, right? I heard that they bought our 7 million default agreement, and in the end it was Wall Street The daily broke the news that the CEO of the other party thinks that if the real estate industry in the United States collapses, we are afraid that we will not be able to pay for it, right!"

When Sheldah heard this, she also looked unlucky: "Damn, I have spent a lot of effort, don't you know that there is a big star behind Thain Capital, Claire Lee! Have you heard of it? "

"I have, I have, I also like to listen to [The Night] he sang, but when he sang it was not in 1999, if I heard that song at that time, I might also To be a CEO like Alan Schwartz!"

Gu Zuoyan is the normal chatter of everyone in Bear Stearns now, but Sheldah knows that each of these people is better than the other. Afterwards, when they go back and sit there and think for a while, they can analyze something from your few words~
After all, the CEO of Bear Stearns has not been replaced yet, and the current CEO is still James Cain, the current CEO and chairman of the board of Bear Stearns.

Although everyone in the outside world knows that he prefers golf, bridge and marijuana to the company's fortunes.

But Sheldah knew that their current CEO was extremely paranoid about controlling power. If it wasn't for him, Sheldah wouldn't be bothered to talk about short selling the fund in Bear Stearns' hands!

Sheldah didn't chat much with his senior, Sheldah secretly bit his back molars and tried to refresh himself.

Because on the other side of this door is not only their current CEO, but also their next CEO.

Alan Schwartz looked at Sheldah who walked in and didn't speak first, but turned his head and glanced at James Cain. James Cain asked Sheldah with a smile on his face: "The business of Thain Capital is settled." Is it? What do we need to pay?"

"I found a capital payer, and all we need to do is sell some of our Alt-A agreements to the Bank of Hawaii."

"Okay! Selling to whom is not selling, it's nothing more than selling less, what do you think, Alan?"

Alan Schwartz worked his way up from the grassroots step by step. Contrary to Kane, Schwartz has an easy-going temper and treats others politely.It's a pity that dealing with complex derivative securities is not his strong point. Regarding this kind of matter, Alan did not speak without authorization, but asked in a low voice after hesitating for a long time: "Claire Lee is not a fool. A football player is not an ordinary person when he cooperates with Glencore Group, I think it is more appropriate for us to meet each other."

As soon as Sheldah heard his future boss say this, he immediately explained: "Claire Lee is an Englishman. After he has the bonus of being a shareholder of the North American Trade Network, what he needs most now is the state of Hawaii. Some local corporate identities, the emergence of Hawaiian Airlines is an opportunity!"

Allen nodded thoughtfully when he heard this sentence, but James Kane followed Allen's words and said: "Listen to Allen, he is right, the breach of contract short-selling agreement is pending on us. The top of the fund is always ugly, find a way to buy it back."

After saying this, James Kane got up, picked up a pair of golf clubs in the corner of the office, and walked out.

Sheldah and Alan looked at each other and smiled without speaking~
When James Kane turned and left, Sheldah seemed to be more relaxed, and Allen also motioned for Sheldah to sit down anywhere.

"How about going to talk to the Bank of Hawaii to buy a stake in Hawaiian Electric this time?"

When Sheldah heard that her future new boss was going to talk about serious business, Sheldah also replied with a serious face: "Hawaii Electric is still relatively profitable. I heard that the recent merger and acquisition of Hawaiian Electric in Arizona is almost the same. I think At that time, our acquisition pressure may be even greater.”

"Hey, many people are not optimistic about my job as the CEO of Bear Stearns next year. I am also under a lot of pressure. I can only find a way to withstand the pressure. I didn't have many opportunities to trade derivative securities before. I only We can figure out a way out of this.”

Sheldah nodded solemnly when she heard Alan's words: "I will go to see Claire in person, and I will ask my younger brother about Claire's words and deeds by the way. I heard that Claire and the Glencore Group Good relationship."

"Then please, I have been locked up by the company's trivial matters recently, otherwise I will definitely go with you to meet Claire."

(End of this chapter)