Extraordinary Genius Chapter 1000

Extraordinary Genius

Chapter 1000 – Nothing to worry

Soros’s bad luck?

Feng Yu and Fu Guangzheng looked at each other and laughed. They had heard that Soros is in trouble now.

Feng Yu is one of the causes of Soros’s defeat in Russia. In Feng Yu’s past life, Soros had lost a lot of money because of Russia’s policies. But his losses cannot be compared to his life, as Feng Yu had made these policies implemented at the right time, and Soros cannot react in time.

However, Soros still has a chance to make a comeback with the funds he put aside.

But Feng Yu got his spy in Soros’s camp to rally Soros’s brokers to demand their salaries, exposing Quantum Fund’s financial shortage. This incident cause Quantum Fund’s new investors to hold back their investments.

Soros’s spy, who was working under Feng Yu, had deflected and exposed negative news about Quantum Fund. This also causes the Quantum Fund’s reputation to drop.

At the same time, Feng Yu and his allies started to spread rumors that Quantum Fund had lost all their investors’ money, and Soros is old and senile.

Many brokers in Quantum Fund had resigned after getting their salaries, and lots of investors are demanding to withdraw their investments. Those investors had forgotten that Soros had helped them made high profits just months ago.

Profit is a must when we invest, but we will not accept any losses!

Soros tried his best to defuse the situation, but many of his brokers had left, and his operation is affected.

Also, Soros’s fund had shrunk, and the profits he can get are affected.

When Soros invested 50 billion USD in Russia, his capital, which consists of his investors’ money and Quantum Fund’s one-year profits, make up over 40 billion USD.

Now, Soros’s losses amounted to over 80%. All of his profits were gone, and his investors suffered significant losses.

Soros is still one of the best fund managers in the world, and he managed to reverse the situation by shorting European and US stock markets.

Although the fund Soros has now cannot be compared to what he had before, he managed to recover his investors’ capital. 

But recovering the capital for the investors is not enough. Soros had promised his investors of at least 10% returns in the contracts between them, and he must fork out over 2 billion USD from his pocket. However, investors are not satisfied. Our returns are over 30% previously, and our returns will be higher if you had not invested recklessly!

Also, to calm his brokers, Soros had promised high bonuses. This is not a small amount if Soros’s four top fund managers’ bonuses are included.

The interest from Soros’s loans and the losses from the sales of his assets increased his losses.

Last year, Soros’s net worth was over 6 billion USD, and the majority of his assets are in cash. But now, Soros’s assets are not even worth 3 billion USD!

Soros had made high profits during his sweep throughout Asia, and he only suffered a minor setback in Hong Kong.

This year, Soros did not make a single cent of profit and even lost all his profits from the previous year. But at least he kept Quantum Fund’s reputation by fulfilling his promises to his investors.

Quantum Fund was knocked off its pedestal now. Soros had made a critical mistake in his investments, and who dares to trust him again? Although you had made a comeback in the last minute, who knows if you will repeat this mistake in the future?

Fu Guangwei started telling Feng Yu and Fu Guangzheng about Quantum Fund’s crisis, etc. Even three of Soros’s four top fund managers had resigned.

The three resigned fund managers did not set up their investing firms. Instead, they are hired by some tycoons as consultants. These tycoons were formerly Quantum Fund’s biggest clients, and they were the ones handling their accounts.

Other than Drucken Miller, three out of the four fund managers had left Soros. Without them in the Quantum Fund, many people felt the Quantum Fund will not reach its former glory.

Soros failure in Russia is proof that he is getting old and cannot keep up with the market changes!

Drucken Miller alone cannot manage Quantum Fund. Most people in the industry felt that the Quantum Fund is no longer the top hedge fund, and Soros is no longer the best fund manager.

“Brother Feng, do you know someone tried to poach He Zhaoji?” Fu Guangwei asked.

“I know. He told me about it, and I believe that he will not leave. Firstly, I can give him what others offer, and secondly, I was the one who had given him this opportunity. Lastly, he is a nostalgic person and likes working with his colleagues in Hong Kong. He will not get used to working in a new environment.”

After <Forbes> reported Wind and Rain Consulting Firm had made high profits from the Asian Financial Crisis, more people started to notice them.

Many people even claim that Wind and Rain Consulting Firm is the best investment company. Since it started operation, their clients have never lost a single cent. Other than the commission is higher and high investment threshold, and they have no flaws.

He Zhaoji is the front of Wind and Rain Consulting Firm, and many people think that he is the reason for the company’s profits. No one believes that Feng Yu is the decision-maker behind the curtains!

How old is Feng Yu, and how old is He Zhaoji? The number of years He Zhaoji worked as a broker, is more than Feng Yu, even when the latter includes his years in school!

He Zhaoji also knows that Feng Yu is the one who made all the decisions, and he is only executing Feng Yu’s orders. That’s why when other companies offered company shares to poach him, he refused. Feng Yu had also given him Wind and Rain Consulting’s shares.

He Zhaoji also does not want to leave Hong Kong.

“Brother Guangzheng, Soros is so old. Will he get a heart attack from this devastating blow?”

Fu Guangzheng rolled his eyes at his cousin. “Do you think someone who trades for a living will get a heart attack from this? I had not heard about his health issues when he was almost bankrupted. Now, he had only lost a few billion, and it’s nothing for him.”

“That means he can continue to do trading? Will he attack Hong Kong or China again?”

Fu Guangzheng did not answer him and looked at Feng Yu. Feng Yu replied firmly. “Soros will not dare to come again!”

If it were the Soros from his previous life, Soros would surely return. But in this life, Soros will not dare to step into China’s territory!

Soros can no longer raise so many funds or return to his former glory. Soros does not have any money left, and he can only invest prudently to get some profits. He can no longer attack another country’s financial system!

Now, Feng Yu is no longer worried about Soros and his Quantum Fund!

Translator’s notes: Milestone achieved! Chapter 1000!!! Thank you for your support! I will continue to work on this novel, and do support my other novel, Power and Wealth!