The Magician’s Memorial - Chapter 10



Only Krnovel

Episode 10. Quantum Fund (1)

If the foreign exchange crisis had been prevented, wouldn’t Taewoo Group have gone bankrupt?

My answer is no.

It is true that the foreign exchange crisis served as a catalyst, but the Taewo Group’s lax management and excessive borrowings were a bomb that was bound to explode at some point.

Even if there was no foreign exchange crisis, Taewo Group would have gone bankrupt.

Therefore, I was able to go to the meeting with the Quantum Fund with a somewhat comfortable mind.

“hello. My name is Daniel and I am the director at Quantum Fund. “It is an honor to have a meeting with SAVE, which is heating up Wall Street these days.”

“I am truly honored. Thank you for the great suggestion from Quantum Fund. My name is Minjae Kim, and I am in charge of investment at SAVE. “Please feel free to call me Kim.”

Daniel, Director of Quantum Fund.

He was a person with wide connections on Wall Street, and was also a person in charge of the Kintum Fund.

This was the part that showed how sincere the Quantum Fund was at this meeting.

But it’s a pity.

I had some expectations that I would be able to meet Georgina Jim, the core of Quintum.

“Then shall we start talking about work right away? “Isn’t time money for Wall Street traders?”

“Is that so? I already knew that the Quantum Fund was shorting the pound. “When I heard that individuals were fighting against the nation, I started rooting for them without realizing it.”

“Please be an ally who fights together rather than a cheerleader cheering from behind. “It is an investment that can never fail.”

“When I looked at the scenario, it seemed like it was a fight that Britain had no choice but to lose. But the key is how quickly you raise the white flag. “Wouldn’t the opportunity cost disappear as a huge amount of money has to be tied up?”

A bit of tug-of-war was played.

By pretending to play tug-of-war, we wanted to show that we knew enough.

“The UK has already raised interest rates six times. “We are expected to raise the white flag and withdraw from ERM within one year at the latest.”

“By ERM, do you mean the European Exchange Rate Mechanism? It’s definitely a system with a lot of loopholes. “I think such loopholes were created due to excessive intervention at the government level.”

“You are correct! “Since you know that much information, there is no need to say that the success rate of short selling the British pound is 100 percent, right?”

That’s all I know.

It was enough to let us know that we open our wallets based on the value of the investment item, not the name value of the Quantum Fund.

“Then let’s change the topic of conversation to how much to invest. “For now, I would like to put in just a small amount of about $1 billion.”

“It’s so small. $1 billion is a big enough amount. … … But it’s a little disappointing. “I heard that over $10 billion in profits were realized from the Gulf War.”

1 billion dollars is worth over 710 billion won at today’s exchange rate.

It was by no means a small amount, but it was not a large amount in the eyes of a Wall Street hedge fund that was managing tens of trillions of dollars.

“Think of putting in $1 billion as a down payment. “We plan to put in up to $5 billion.”

“So you’re saying there is a condition for putting in the remaining $4 billion.”

“It’s not that big of a deal. Meeting George for just 10 minutes. That’s all the conditions are.”

“It’s not difficult under those conditions. George was already waiting.”

“What do you mean?”

“George is meeting with everyone who joins the alliance. In fact, if today’s negotiations went well, George was planning to appear secretly. But Kim made that suggestion first.”

I didn’t really understand what was going on.

But George, the CEO of Quantum Fund, showed up at the meeting place and smiled kindly and offered to shake my hand.

“This is George, who runs Quantum Fund. Thank you for joining our allies in our fight against Britain.”

“This is Kim from SAVE projection company. “It’s a war with a 100 percent chance of winning and plenty of loot, so of course I should join.”

“Wall Street is still full of idiots who don’t know such obvious facts.”

George is called the devil or the devil. He was also called the evil savior.

Contrary to his nickname, George’s first impression was that he was the kind-hearted guy next door.

“I’m glad I’m not that idiot.”

“But you said you wanted to see me first. Can I know why?”

“I would like to ask for permission to be allies in all wars, not just allies in this war. If that happens, we promise to pour more than $5 billion into shorting the pound.”

On Wall Street, you can never survive alone.

You need to build alliances with several hedge funds and investment firms to avoid being attacked by the U.S. government or other hedge funds.

“It’s a very attractive offer at $5 billion. But speaking of all wars, where do you think the next war will be?”

“If the British pound plummets, I expect that the Italian lira will also become unstable.”

I answered George’s question straight away.

It was a possible answer because I had studied his movements for nearly 20 years, and George was naturally very satisfied with my answer.

“I think the same thing.”

“Pound, lira… Moreover, all currency markets in the UK are full of loopholes.”

“He also thinks the same as me. great. I promise to stand with SAVE Investment Company in all future battles.”

Promises made only in words are worthless.

However, since these promises could not be written down, for now the only way to form an alliance was through verbal promises.

Of course, there was a way to become a true alliance, but it was a way that could not be used right now.

“Then send us an investment proposal, and SAVE Investment Company will invest $5 billion accordingly.”

“Unlike the old wolf of Wall Street, he’s very hot. “They are afraid of getting hurt, so now it’s time to retreat to the back room.”

George’s age was also considerable.

But he still has sharp teeth, and I will use his teeth.

“Then I will send you the funds tomorrow. “I will also send a few working-level staff members.”

“Just prepare a fork and knife. “I will cook a very delicious meal called England well and serve it to you on a plate.”

“ah! And can I ask you one more favor? “This is a very personal request.”

“If you have any request, just say it. “We must do anything for our allies.”

“Then can I get a letter of recommendation? “I need it for college entrance exams.”

“… … “Do you need Kim by any chance?”

“Yes, because I am now entering university.”

“Hahaha, then I have to do it. I will write a letter of recommendation in my name as well as in Jim’s name. Jim is a guy who even taught college, so he must be quite influential.”

“thank you. ah! And we will increase the investment amount to $6 billion, not $5 billion.”

“One billion dollars for a few letters of recommendation. That’s a very expensive letter of recommendation. “Hehehe.”

* * *

After the meeting, I visited SAVE Investment Company.

Vice President Jeffrey and the four securities men who were already waiting ushered me into the conference room, and even before I could sit down, Team Leader Han Jeong-hoon brought up the main topic.

“Have you decided to accept the Quantum Fund’s offer?”

“We decided to add $6 billion to shorting the pound.”

“I know there are many loopholes in the ERM system and the pound, but I think $6 billion is too much. “We are not an underdeveloped country, and it is an investment that will only make a profit if we fight and win against Britain.”

A team leader expressed concern.

But he didn’t object strongly. It was just advice out of concern for the company.

This was a team leader who had strong faith in me because I had achieved great success in my last few investments.

“At the earliest, the decision will be made next year. We made this decision because we thought that the remaining $4 billion would be enough to make the investments that SAVE Investment Company and its employees want to make. Isn’t it? Vice President Jeffrey?”

“Even $4 billion is a bit excessive. We are currently focusing on acquiring and investing in shares of IT-affiliated companies, and the funds to be invested by the second half of next year are planned to be less than $3 billion.”

“And this investment doesn’t require much manpower. “Quantum Fund has already made all the plans, so all we have to do is use the plan sent by Quantum Fund as a draft and proceed with the investment.”

When we are in the middle of a serious conversation.

Knock knock, an employee came in with a folder.

“This is data sent from Quantum Fund.”

“Are you here already? “I thought it would come tomorrow.”

I presented the data to team leader Han Jeong-hoon.

He looked through the data with Vice President Jeffrey for a long time.

As 30 minutes passed, the corners of Team Leader Han’s mouth gradually turned upward.

“It seems that there is not much time left until Britain surrenders. “Quantum Fund and Wall Street hedge funds have already driven the British pound to the brink of decline.”

“We just have to get to the last round and deliver the final blow. “Now do you understand why I invested 6 billion dollars?”

“Is this really the final blow? We certainly know that the pound is dangerous, but will Britain surrender? Even if we do that, won’t it take quite a long time?”

Geoffrey voiced concern.

In contrast, a team leader had a confident expression, and a team leader had S-level analytical skills.

Although Jeffrey is said to possess three types of S-level work abilities, Team Leader Han was several degrees superior to Jeffrey in terms of analytical ability.

“The funds mobilized by the Quantum Fund and hedge funds exceed a whopping $110 billion. If $6 billion of our own funds are added to this, and leverage is used, the UK will have no choice but to raise the white flag. “If the white flag is raised late, it is clear that all British citizens will rise up.”

“If the pound is attacked, the people who will suffer the most are British citizens, so of course that will happen.”

I agreed with what Team Leader Han said and left.

A team leader continued to explain each detail, highlighting the data sent from Quantum Fund with a highlighter.

“They keep raising interest rates. There may be a few more interest rate hikes, perhaps by early next year. But that method is nothing more than peeing on frozen feet. In the end, we will have no choice but to withdraw from ERM, and the pound will have no choice but to plummet.”

“This investment will be entirely based on the opinions of the CEO and Team Leader Han. “I will proceed with other investments.”

Jeffrey took a step back.

Jeffrey was trying to focus on IT, which he was confident in, rather than the troublesome pound.

“Then, have a team leader form a task force and proceed with short selling the pound. Please also create a communication channel with the Quantum Fund.”

“We will visit the Quantum Fund as soon as possible to create a communication channel and proceed with our plan.”

Next year, I enter college.

In order to graduate early, I had to concentrate on my studies, and SAVE Investment Company had to be equipped with a system that could run on its own with just Vice President Jeffrey and a team leader.

Of course, I will have to intervene in making major investments and recruiting talent.