As the ever-growing Westeros system, many things happen almost every day that may affect the lives of ordinary people.

That's true on March 25th.

It's a Friday.

The aftermath of the Oscars ceremony on Monday has not yet dissipated, and the dispute between the Westeros system and the Hurst family continues to ferment. The rebound in the stock prices of Cisco and American Online has led to heavy capital losses in the entire technology sector.

At the same time, on this day, the Backstreet Boys group, which has released three singles since the end of last year, officially released the album of the same name "Backstreet Boys".

The three singles have accumulated a good reputation for the group. The press conference of the second floor event center of Daenerys Cinema on Friday morning was very lively. Not only fans from all over North America, but also many singers, movie stars and supermodels in the entertainment industry supported it.

San Francisco-based Daenerys Entertainment Games subsidiary EA and Facebook, a subsidiary of Egret, jointly launched the social casual game "Happy Farm" on this day.

This social game, which had attracted a lot of attention during the internal testing phase, received the homepage recommendation of the Igrit portal on the same day. The game was officially launched at 9 o'clock in the morning, and the number of activated users soared, with a growth rate far exceeding the expectations of the two major operating teams of EA and Facebook.

On the other side of the Atlantic Ocean, Nokia officially released its 1993 annual financial report on this day.

In 1993, Nokia mobile phone products were fully launched in Europe, North America and Asia, and a total of 7.23 million mobile phones were sold worldwide, surpassing Motorola's annual sales of 6.39 million units, becoming the world's largest mobile phone manufacturer, and also accounting for 38% of the global shipments of about 19 million mobile phones in the past year.

Even in order to fully develop the mobile phone business, the expansion of base station equipment business appropriately slowed down, Nokia's annual revenue in 1993 still reached 16.9 billion Finnish marks, equivalent to US$2.45 billion, a year-on-year increase of 65%. Compared with the loss of more than US$60 million in 1992, Nokia's annual net profit in 1993 was 1.925 billion Finnish marks, equivalent to US$279 million, and a net profit margin of 11.3%.

London time was eight hours ahead of Los Angeles time, Simon stepped into the office Friday morning, and the London Stock Exchange across the Atlantic Ocean had closed.

With the release of this amazing financial report, Nokia's stock price rose 2.1% again on the same day, with a closing market value of 10.1 billion pounds, equivalent to US$15.6 billion. From the beginning of the month to now, in about three weeks, the cumulative increase in Nokia's stock price has reached 17%, and the current price-to-earnings ratio is as high as 56 times. It can be seen that the capital market is pursuing this emerging mobile electronic equipment manufacturer.

However, in recent days, North American financial media have suddenly discovered another focus.

Before I knew it, Cersei Capital, which has become a giant on Wall Street, has earned how much money in the past year?

You should know that in the past week, Cersei Fund Management, a subsidiary of Cersei Capital, has relied on technology stocks with a total scale of more than 10 billion US dollars. During the overall rebound of technology stocks, the Cersei Fund Management Company has turned from the huge book losses accumulated in the previous weeks to a large profit.

As a completely private hedge fund, the operation of Cersei Fund Management has become increasingly secretive in recent years. Therefore, except for a few "insiders" who have been paying close attention to Cersei Capital through certain non-compliant means, most institutions and media have no way to know the specific operating status of Cersei Fund Management. Those who can spy on more accurate data will not rashly publish it.

Everyone is just sure that in the past week, Cersei Fund Management Company has relied on its huge positions and this sudden rebound in technology stocks, and its profit scale has reached at least $500 million. In other words, in just one week, Cersei Fund Management Company, one of the three subsidiaries of Cersei Capital, has exceeded the annual revenue of Nokia, which is growing rapidly.

There is no reason why the US financial industry can rapidly develop after the 1990s.

Because it's really too profitable.

At least, in the eyes of most novices who think they can kill the financial market, the financial market is really too tempting.

Before the 87 stock market crash, Simon became famous in the battle, the total global hedge funds were only about US$30 billion. In just a few months after the 87 stock market crash, this number quickly doubled. More than six years later, the total global hedge funds have exceeded US$300 billion. Even if we don’t believe in the comparison data, Simon can be sure that this number is far beyond the same period in the original time and space.

Because in recent years, famous hedge funds such as Simon's Cersei Capital, Soros' Quantum Fund and other famous hedge funds have made huge profits in several financial turmoils, it is irresistible for many capitals.

Moreover, the total scale of the $300 billion hedge fund is far from reaching its peak.

In Simon's memory, before the 2008 financial crisis, the total peak size of global hedge funds reached US$1.95 trillion, which is only a statistical figure. Because most hedge funds generally use offshore registration to conduct secret operations, the actual total size may easily exceed US$2 trillion.

Including the current global total size of $300 billion hedge funds, it is therefore a significantly lower number.

Simon certainly knew the profitability of Cersei Fund Management in the past week. As of the closing of Thursday afternoon, the specific profit figures were not far from the outside world's forecast, at $540 million.

Moreover, from a huge loss of $610 million in the last trading day last week to a profit of $540 million in the second floor, such ups and downs can actually test the heart of the trading team. The total size of Cersei Fund Management Company is still only $5 billion, and the book loss of $610 million has reached 12% of the principal ratio.

If Simon and Janet were not for the unwavering support of the backbone, the trading team would likely clear the position and stop the loss when the loss was about 10%. In addition, fund executives suggested increasing short positions to hedge risks. It can be imagined that if the above operations were implemented, with the turnaround of technology stocks this week, the book numbers of Cersei Fund Management Company would be very bleak.

To be honest, the hedge fund field is similar to gambling, only a few people can make profits, and most of them have ended in losses. Moreover, hedge funds that have created brilliant operations may lose all their money in one operation.

Unlike the speculative operations during the 87 Stock Market Scourge and the Gulf War, Cersei Fund Management's current trading model is exactly the same as the operation in the recent stage of the Japanese stock market bubble. Although it is aimed at individual stocks, it is still fundamentally similar to macro hedging. Simon ignored the short-term fluctuations in the technology stock market, but unswervingly bet on the long-term.

The Nasdaq index in memory broke through the peak of the Internet bubble at the peak of the Internet.

Now, although many people believe that there is a bubble component in the technology stock market, in fact, as of yesterday's closing, the Nasdaq index was only 1,519 points.

Simon is not greedy. This time, he plans to withdraw decisively at around 3,000 points in the Nasdaq index, and will not turn to short positions at that time, just put the bag in order to make it safe.

If the Nasdaq index in this time and space can still break through 5,000 points, Simon will not regret missing the profit margin of the last 2,000 points. One of the major reasons why many hedge fund managers fail is greed and do not know how to stop at the right time.

On the other hand, if the Nasdaq index turns to collapse without reaching 3,000 points this time, Simon will not regret it. The mall is like a battlefield and has never been foolproof. This potential unknowable risk must be borne.

Of course, even if it cannot reach 3,000 points, the Nasdaq stock market, which is only around 1,500 points at this time, has a temporary decline of a few weeks, which cannot affect Simon's confidence at all. Therefore, he has never thought of clearing the position and stopping the loss when he loses 10%, nor has he considered establishing a short hedging risk.

The book profit reached US$540 million in just one week. It is indeed a terrifying situation for Cersei Capital's profitability in the past 1993 years.

The same is true.

Not to mention Apollo Management and Black Rock Asset Management, it is just a subsidiary of Cersei Fund Management. In the past year, with the growth of several major core technology stocks in North America, it has been doubled by unswervingly bullish bets on technology stocks, and in 1993, it has made a cumulative profit of up to US$3.4 billion, easily surpassing Daenerys Entertainment, a behemoth.

Of course, this profit belongs to all investors.

The funding composition of Cersei Fund Management has been changing. In terms of the size of hedge funds of about $3 billion last year, the Westeros family accounted for $1 billion, the Johnston family accounted for $500 million, and the other $1.5 billion was subscribed by a large number of Westeros system stakeholders.

There is definitely a reason why Simon was able to build Australia into the backing of the Westeros system in just a few years and establish a deep political network in North America.

Interests are definitely the most solid bond that binds people's network.

Not only the political "basic" of the Westeros family, but also the White House took away $300 million in subscription shares from Simon. Of course, this subscriber share was not invested by the Clintons and their husbands themselves, and they did not have so much money at all. Instead, Clinton used it to be a "favor", which also indirectly added a connection to the Westeros family.

Moreover, if there were no such concessions, not to mention the returns of connections, out of jealousy of Cersei Fund Management's huge profits, someone would definitely instigate federal regulators to launch an investigation into Cersei Capital.

In fact, Cersei Capital has been developing smoothly in recent years.

Black Rock Asset Management Company quickly expanded to an asset management scale of nearly US$200 billion. Such a huge asset, if it were placed in other countries, had long aroused the authorities' vigilance, but the reality is that Cersei Capital and the US government are in peace.

To a large extent, it is the "credit" of Cersei Fund Management.

According to such a fund ratio, Cersei Fund Management Company also has a fixed commission of 20% of its profits. After the liquidation at the end of last year, the income attributable to the Westeros family, including principal income and commission dividends, reached a total of US$1.46 billion, equivalent to 42% of the total income of US$3.4 billion. After excluding the commission commissions and handling fees and other expenses, the Johnston family received US$430 million, accounting for 12% of the total profit. Only the two companies took away 54% of the profit share, and the remaining 46% was shared by many other investors.

Even so, net before tax returns of more than 80% in a year have exceeded the returns brought by most other investment methods.

Because most of the funds are kept in offshore accounts, as long as investors from all parties do not transfer the funds back to the country, they do not need to pay taxes. As for whether they are willing to declare them, it is not something Simon needs to care about.

Of course, Simon made the declaration, but he was not so stupid as to declare it all, but only gave one and half of it. Moreover, he did not intend to transfer the money back to China.

As for the entire Cersei capital level, the other two subsidiaries have net pre-tax income attributable to their partners in the past year, Apollo Management Company has a net pre-tax income attributable to their partners in the past year. In fact, regardless of investors' returns, Cersei Fund Management Company has a net pre-tax income attributable to their partners is only about US$560 million, and the total of the three companies is US$1.52 billion, which is equivalent to the annual profit scale of many giants with a market value of tens of billions of dollars.

Moreover, because many businesses are in the United States, this part of the income cannot be tax-avoided.

Cersei Capital, the parent company controlled by the Simons, currently holds 70%, 63% and 41% of the shares in Cersei Fund Management, Apollo Management and Black Rock Asset Management, respectively. Even Black Rock Asset Management, which holds the least shares, retains a veto power.

According to this shareholding ratio, only Simon and his wife can take away most of the income of the three companies in the past year. It is not counted as the hedge fund commission for the total income of Cersei Fund Management Company of US$1.46 billion. The total income of the other two subsidiaries attributable to Simon and his wife also reached US$470 million.

After completing the tax payment of domestic income dividends, in 1993, Cersei Capital's three subsidiaries brought a total of US$1.71 billion to the Westeros family, second only to the huge Daenerys Entertainment Group.

It can be imagined that once Cersei Capital’s financial data is made public, it will definitely attract a large number of people to condemn Simon’s personal wealth to increase too quickly. After all, unlike other industries that can bring a lot of employment and taxation, Wall Street is often a very negative symbol of sin in the hearts of most publics.

Because women and children were not around, Simon arrived at the office just before eight o'clock this morning.

According to the carefully arranged work schedule of Girl A, he handled various affairs of the Westeros system one by one. At noon, Otis Chandler, the Chandler family member behind the Los Angeles Times Group, was invited to discuss cooperation between the two parties at an internal restaurant in the cinema.

These days, the Westeros system quickly reached cooperation with the New York Times Group and started a war with the Hurst Group, which attracted strong attention from major traditional media groups in the United States.

Especially after the article "Do you want to be friends or enemies?" in the Wall Street Journal was published, many old-fashioned newspaper media have been in contact with the Westeros system.

Simon did not intend to choose too many partners at once. After all, he still wanted to protect the interests of the internal news and information team of the Igrit Portal. Therefore, there are only four companies in the plan to cooperate. The New York Times Group, which just confirmed its tendency to cooperate on Monday, has already had a cooperation news group, the Los Angeles Times Group controlled by the Chandler family, which was hosted by the Chandler family, and the Dow Jones Company, the parent company of the Wall Street Journal. The four companies have been carefully considered and have their own plans.

After lunch, he saw Otis Chandler away. Simon had just returned to his office and had been involved in the morning's Backstreet Boys album launch and the official launch of "Happy Farm". He was about to attend the internal production conference of "Jurassic Park 2" that will be officially announced, but his private phone suddenly rang.

The caller surprised Simon, Anthony Johnston.

What is even more surprising is that Anthony said that he and Raymond Johnston are about to go to Dumei Point Manor and hope that Simon can go home too.
Chapter completed!