Chapter 1193 – Even making money have worries
“What? The SEC is investigating me?” Soros exclaimed.
“Yes. They had called us and will be coming over in the afternoon.” Drucken Miller replied. “Boss, could it be that the higher-ups are unhappy with us making profits during this period?”
“What has this got to do with them? We had only made some investments and had not to use any strategy to suppress the market. Since short position contracts are a financial instrument, there is nothing wrong with investing in them.”
Although Soros said this, he was still worried. He is no longer the world’s top hedge fund manager, or else, his profits from shorting the stock index will not be so little.
Soros can borrow a large number of funds and investments with just a phone call in the past. But now, everything had changed as he had lost badly during the Asian Financial Crisis.
When you have been making money, many people will want you to invest for them. But when you suffered losses once, many people will stop trusting you. During the Asian Financial Crisis, Soros had made the wrong decisions, and his supporters left.
The current Quantum Fund is no longer the Quantum Fund in the past. But Soros firmly believe Quantum Fund can return to its peak again. The fund will become more than 10 billion, and his name, Soros, will become well-known again!
But now, the Government is watching him, and this is troublesome.
In the afternoon, Tony Thomas and his men arrived at Soros’s office. Soros is not as overbearing as Feng Yu.
“Mr. Soros. I am representing SEC to ask you a few questions about your investments in the stock market recently.”
“Oh? Did I break any rules or regulations? What do you all want to know?”
Soros had not broken any regulations and had not taken advantage of others. In the past, the Quantum Fund had taken advantage of others, and what can the authorities do to him? It’s all within the rules, and no one can do anything to him!
If this is not allowed, why are there no regulations or laws about it?
“Why did you short the Nasdaq index? Did you receive any information beforehand?” Thomas asked.
Soros is shocked. What is the meaning of this? What do I know? I don’t know anything about the attacks!
That’s right. Soros does not know anything. If he knew about the attacks, he would definitely use all his tricks to cover his tracks and maximize his profits. With his current assets, he can make at least more than 10 billion USD and might even more than 20 billion! If this is in the past, he can raise much more funds and earn tens of billions!
Soros will then donate one billion or 800 million USD to the victims to get a good reputation. No one will suspect him.
But this time, Soros was only following Feng Yu. He is taking a gamble by copying Feng Yu. If anyone knows about the attacks, it should be Feng Yu.
“I had analyzed the market and felt the stock index might fall. As for how did we come to this conclusion, it is our Quantum Fund’s secret and cannot be revealed to you.” Soros had thought of this explanation.
“Really?”
“If not, what do you think?” Soros asked Thomas back.
If Thomas dares to say he is involved in this attack, he will sue him for slander. In the US, Soros is innocent unless there is evidence to prove he is guilty.
Thomas laughed and took a sip of his coffee as he looked at Soros’s provoking expression.
Thomas felt better in this meeting, as he felt respected. In his meeting with Feng Yu, Feng Yu had not offered plain water, let alone coffee!
But there’s nothing Thomas can do to Feng Yu. Feng Yu is not an American, and his company is not registered in the US. He had only invested in the US market. If the SEC used extreme methods to deal with Feng Yu, who will dare to invest in the US?
If the US cannot attract investors, it will be hard for the US economy to recover.
After this tragedy happened, the US market lost more than 10 trillion USD.
The current US President has a headache over its economy. If he did not handle this incident well, he would be in deep trouble!
Although the US is a powerful nation, it depends on which country they are facing. China is a rising power, and it’s not easy to deal with Feng Yu. When one’s wealth reaches a certain level, he can influence politics!
It’s much easier to deal with an American like Soros.
“Mr. Soros, it’s hard for me to answer to my boss if you don’t cooperate. If news of you making profits when others are all suffering, what do you think will happen to Quantum Fund’s reputation?” Thomas threatened.
Soros narrowed his eyes. He is being threatened now. If this is in the past, he will not even be bothered with Thomas and let Drucken Miller handle him.
Now, Soros is down and out, and everyone can step all over him.
If Thomas had come to meet Soros one month ago, Soros might still worry about this threat. But now, Quantum Fund had recovered, and he is not the same as before. He has the funds to create havoc in the financial markets again!
“You want to expose me? Go ahead. I believe many more people will invest in our Quantum Fund if people know about this. As a hedge fund, we can make higher profits with bigger funds.” Soros replied.
Thomas saw Soros as not being cooperative, but he is not afraid of being investigated.
Soros is really innocent?!
If Soros is innocent, how is Thomas going to answer to his higher-ups? They are lucky, or they have better foresight?!
There are always some lucky people during major events, and they are the ones who made lots of money. For example, some companies had bet against the oil futures opposite of others during the gulf war. When everyone is betting on oil prices to rise, he will bet against them. In the end, they are the biggest winners.
“Mr. Soros. I hope you will not break any regulations in the future.” Thomas said as he stood up.
Soros remained on the sofa. “You are not even born when I am investing!”
Soros sighed after Thomas left. He had offended the SEC, and this is not a good thing.
Soros did not expect to have so many worries even when making money!
