＜ The first hedge fund. (2) >
January 1898.
New York City, Wall Street
Chris left first, saying he still had some work to do with the Irish investor, and eventually I came down to Wall Street in New York with only Roosevelt.
– Master, just come to the address I’m going to tell you now.
While I took Roosevelt down from Massachusetts to New York, James even set up an office in the heart of New York.
“Morgan?”
“…don’t ask me.”
Roosevelt and I opened our mouths as soon as we entered the hedge fund office. Although it was a rented office in the middle of New York, it was dirty and spacious for an office with only three people.
Where the hell did all the money come from?
“Bocchan, President Morgan provides enough funds to set up an office. Rest assured that you are not as naive as Scrooge. Master Roosevelt can also be comfortable.”
“……thank you.”
I wiped my head out of office rentals and buried myself in a comfy chair.
Roosevelt laid down his briefcase on the desk next to me, and pulled out a list of pre-made lists.
“Morgan, this is a list of investors who have shown interest in hedge funds.”
“Thanks.”
I read the list handed to Roosevelt page by page.
Politics, banking, railroads, etc.
Various types of funds were listed, but their characteristics were the same.
‘Hidden funds.’
In fact, even in modern times, there has been a lot of controversy about private equity funds.
Those who emphasize the net function of bringing hidden funds in the shadows to the market and ultimately serving as a financing for the company.
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On the other hand, those who are terrified of the harsh restructuring and market destruction of private equity funds.
‘As a hedge fund is a type of private equity fund, it is a controversy that applies to hedge funds as well…’
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Of course it would be if it were.
I am one of those who sympathize with the net functioning of private equity.
In fact, without such a noble spirit, unless you are a dog psycho, you may not have been able to survive in this tough market.
“If the results are good, wouldn’t it be great?”
“Process matters, too, Morgan.”
“Isn’t that still the result?”
“…that seems to require an in-depth discussion.”
Roosevelt kicked his tongue like an idiot next to him, but in the end, New York Wall Street would be slaughtered if there was no profit.
It’s kind of a death game.
“But Roosevelt, looking at the list, there are fewer people than I’ve heard before?”
“People’s interest fades over time. Is it different from being an investor?”
“…Shit, was it a time attack after all?”
I quickly took out the papers I had brought from my briefcase in advance on the desk like a mountain.
Roosevelt, checking the list, sneaked up to him and swiped a piece of paper.
“Well?”
Roosevelt widened his eyes.
I grinned at the dramatic change in Roosevelt’s expression. Because it was a document that Roosevelt would be delighted with.
“US NAVY?”
A summary of the military contract of the Ministry of the Navy.
It was a kind of certificate of contents with the warm seal of the Minister of the Navy.
***
Roosevelt, who had been bruised for a long time by the Navy, finally came to his senses.
“But only one?”
“I do not care. The purpose is to accompany the investor letter, so we can take hundreds of photos with a Kodak camera and send them.”
“Oh, Kodak.”
Roosevelt clapped his palm.
At the end of the 19th century, Kodak introduced a film camera that will go down in history, and it was 1888, so 10 years have already passed.
Hundreds of photos can be taken ridiculously.
“This is the composition of the handwritten letter.”
First, at the top, of course, briefly write the concept of a hedge fund. You’ll love it when you gently scratch your itchy stomach in a way that you can safely roll your stash.
Second, write down the Coca-Cola Company’s bond purchase plan. A certificate of contents of military supplies from the Ministry of the Navy is required here. Because the Coca-Cola Company is evidence that it is an undervalued company.
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Of course, permission from the Navy has already been obtained.
Finally, write the names of “Morgan” and “Roosevelt” at the end of the handwritten letter.
It was a strategy to press down on our hedge fund with the power of the family name so that the giants would not look down on our hedge fund as a new fund.
“And I seal this handwritten letter and send it to Washington, D.C. and New York magnates. And just wait.”
“Morgan, your plan is cheap.”
“I think it would be even better if I did some viral marketing and included something like this.”
I handed Roosevelt a small luxury letter envelope. Roosevelt opened the envelope’s seal with a puzzled expression.
tuk.
[ Lucky Letter ]
This letter originated in England and rotates once a year to bring good luck to the recipient, and now it has been transferred to you and must leave you within 4 days.
You must send this letter and 7 copies to someone in need of good fortune…
“…Morgan?”
“Why, why what? It’s fun.”
“No, you idiot! I read this, but I also have to send it to 7 people. Four days is tight, but I don’t have many friends!”
was that the problem
Roosevelt had a sassy yet naive side. I smiled and patted Roosevelt on the shoulder.
“Will word of mouth spread in New York and Washington?”
“You really are a son of a b*tch.”
Thanks.
That’s the best compliment for Wall Street investors.
‘Are you going to raise at least 3 million dollars?’
But up to this point, neither I nor Roosevelt had anticipated the aftermath of this handwritten letter.
***
January 1898.
“…how many bottles did you get?”
Less than a week later, responses began pouring in from New York and Washington.
To the extent that I want to show it to Roosevelt, who returned to Groton School.
“I don’t remember spending this much time.”
At least a hundred or tens?
However, there were hundreds of response letters, even in the public eye.
James stuck out his tongue.
“Did the master enclose a demon-like object?”
“A devilish thing?”
As I looked at James with a bewildered look, James sneakily pulled out small pieces of stationery from his suit pocket.
‘Oh, a lucky letter.’
But why does James have ten?
“James, you are popular. I got 10 bottles.”
“And I ended up having to send ’70 bottles’ to other people again.”
……sorry.
I turned my head, trying to avoid James’s resentful gaze.
I didn’t know it would be this popular either.
“These days, at a charity party in New York or Washington, it’s impossible to mix words without knowing this lucky letter.”
“Is that enough?”
“It’s a world without entertainment, isn’t it? Do you have any entertainment other than poker?”
“If you say that, I have nothing to say.”
Because the times are so time.
Not to mention cigarettes or poker.
It was bleak.
“therefore? As there are so many letters of response, there must have been a lot of letters of intent on investment, right?”
Expectations totaled $3 million.
But with this momentum, will it be able to attract a total of $5 million in investment?
I waited for James’ words with naive imagination.
“10 million.”
“Well?”
“Master, we have raised a total of $10 million in capital through hedge funds.”
“……What?”
I jumped up from my chair.
What did James say now?
“However, since most of the letters contain confidentiality pledges, they are presumed to be hidden funds.”
“Okay, if it’s hidden funds, my degree of freedom will be increased because even my friends aren’t proud.”
“…you are optimistic.”
“It’s positive. You knew it was hidden money.”
I shrugged.
“Even if there is some kind of panic, can you be safe if you take good care of the hedge?”
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Oh, except for the Great Depression of 1929, of course.
If I bump my head with a monster that evaporates 88.88% of the US stock market, my pot is broken.
However, it is possible to hedge.
“I will invest not only in stocks, but also bonds.”
Will the Coca-Cola Company go bankrupt?
Even in the 21st century, Coca-Cola is almost a safe asset.
It’s almost like monopolizing water and selling it.
“And for $10 million, you can chew the US stock market.”
Any operational force can be taken and pressed.
How can the operation block the 300 billion won in Hyundai Hanwha? It is money that can be pushed to more than 600 billion won by pulling leverage.
But they don’t put it on the stock market.
It can prevent any operational force, but it is shattered when it bumps into monsters such as railway companies and large banks.
To do so, you could ride a trend similar to them.
‘Oh, I almost forgot.’
Come to think of it, the American-Spanish War started in 1898 after the Maine incident. It seems like if you use it well, you can rake money in stocks with a rake…
I have no intention of jumping into the New York Stock Exchange yet.
Besides the New York Stock Exchange, there are plenty of companies to be wiped out through mergers and acquisitions.
First, you have to start by picking up a few big ones.
‘Something reminds me of a 700 trillion won Kingmin pension.’
The monster of the KOSPI.
It was comparable in size to any sovereign wealth fund.
Could my hedge fund be like that?
eating.
Laughing at his pointless thoughts, he piled up monumental towers of the pouring mail.
Whose house dog is 700 trillion?
“By the way, James, where did this man disappear to without talking?”
***
– $10 million in initial capital alone?
“Yes, Chairman.”
James was holding the handset in the hallway of his New York office. They sneaked out in time for the pre-determined report time.
As the opponent beyond the receiver was the opponent, a cold sweat ran down James’ hand holding the receiver.
– Interesting. I thought Washington and New York were cluttered, but maybe it was because of the second guy who didn’t even have blood on his head. Still, that lucky letter. How did you know that Rockefeller sent me too. very hit
Rockefeller?
The oil king Rockefeller I think?
James hardened like a stone at the scale of J.P. Morgan and his lucky letter.
– jack. I was trying to loosen the loan restrictions that idiot put on me, but I’m glad you got it done on your own. Right now, our bank is in a state of disrepair thanks to Jack’s shoveling.
“…Is it sagebrush?”
– Well. It’s actually an insider secret, but you and Detroit are related, so maybe I can tell you a little bit. Don’t go anywhere and talk.
“I will absolutely swear.”
– great. The day Jack Morgan put the loan limit, a notice came from the Navy.
“Notice… are you talking?”
James rolled his eyes.
Surely you didn’t promise that Admiral Dewey would be ‘be quiet’ that day?
– Uh, from the supply of the vice minister to the end, there was a unilateral notice that the military supply contracts signed between JP Morgan Bank and the Ministry of the Navy would be fully reviewed. Thanks to this, even me, who was on vacation, hurriedly returned to the bank headquarters.
“……!!!”
– I think the Navy Department thought they were being ignored by the big banks on Wall Street in New York this time. It looks like you’ve been messing around for quite some time. Coca-Cola’s military service is simply an excuse. I’m grown up and I’ve been sweating a little bit because I’ve been comforting myself and taking care of myself. Seals like thugs anyway.
full review.
It is a kind of declaration of war that, in effect, the conditions for military delivery are to be ripped out one by one with a magnifying glass and all accusations are made. It can be seen as a strong will of the Navy to recover the tangible and intangible benefits it has provided to JP Morgan Bank.
The problem is that for JP Morgan Bank, contracts with the military have been a core business that has been going on since the Civil War.
‘Jack Morgan broke that practice.’
James swallowed his saliva.
Jack Morgan’s status as an impregnable barrier was cracked. Now, over the phone, the head of JP Morgan was voicing his anger at Jack Morgan.
James’ heart beat faster.
“Then Master Jack Morgan should take care of-“
– James.
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Oops.
President Morgan’s cool voice, heard through the receiver, pierced his heart like a dagger. Realizing that he had crossed the line, a cold sweat began to flow from James’ hands.
“…Sorry, I’m sorry.”
– Be careful. That’s all I can tell you right now. Anyway, I’ll report everything about the second guy from now on. I’ll have to pay close attention.
“…Yes, I will report it to you.”
– All right, then, thank you.
Click.
Hanging up first from the other side, James put down the receiver slowly with trembling hands.
“after…..”
I feel like my life is getting shorter.
James wiped the cold sweat from his forehead with a handkerchief and headed back to the office.
***
January 1898.
Washington DC, Treasury Building.
– Details of deposits and withdrawals at local banks in New Jersey.
– Attempts to withdraw large amounts of hidden funds are taking place!
– We identified a situation where money was flowing into Wall Street, New York.
This novel was posted at https://noblemtl.com
Office of the Minister of Finance.
The Treasury Building, which was made up of numerous elites, was lit until 3 in the morning.
Treasury officials were moving fast, tracking the flow of money in New Jersey (a tax haven) in real time.
“Secretary, the governors of the New Jersey regional banks are chanting to set the receiver on fire.”
Lyman Gage.
The 42nd US Treasury Secretary frowned and snatched the report nervously.
“How big is it?”
“Estimated to be around $6 million.”
“…..shit.”
six million dollars.
From the point of view of a national administrative agency, that amount is insignificant from the point of view of the United States. But if $6 million is the size of a politician’s secret fund, we need to reconsider.
Because each bill had a name tag attached to it.
“For now, let’s keep track of the money. Read the local bankers of New Jersey well. I need to make a phone call to the New York president.”
“Oh, if it’s the president.”
“Yeah, it’s him, so let’s go out for a while.”
At Secretary Gage’s congratulatory address, the secretary looked out the door to the secretary’s office once, then carefully closed the door to the office.
bang.
Click.
Secretary Gage picked up the receiver.
Trulu….
Secretary Gage clenched his fists and waited impatiently.
“Take it. take it Take it.”
Click.
When a response came over the handset, Secretary Gage hurriedly adjusted his dress.
– Is it a gauge?
“Chairman, I’m sorry for calling you from dawn.”
– No. I heard roughly what was going on. New Jersey’s regional bankers are screaming at you? Politicians’ secret funds are leaking out.
After all, this man called the king of New York knew everything. He was probably waiting for when he would call.
Started briefing simply and quickly.
“We have learned that approximately $6 million of stagnant funds are flowing out of New Jersey and flowing into New York Wall Street. So I called to see if there was any information you might know.”
– I’m sorry, but there’s a point in your words. The information collected by the Ministry of Finance is unreliable.
In an instant, Gage’s heart sank.
Did the secret funds of politicians not flow into New York Wall Street?
Chairman Morgan continued.
– It didn’t flow into the New York Commercial Bank. If it was, I would have noticed it as soon as it was deposited. It didn’t even go into investment banking. Just in case, I asked the Jewish loan sharks, and they said they didn’t know.
‘It’s been less than three hours since our Treasury found out.’
Was it after all the Jewish capital had already been searched?
I shuddered and listened to the man behind the receiver.
– But I got a call from the wrong place.
“Are you in the wrong place…?”
– Uh, I got a call from the chief secretary who was taking care of my son, and it seems that the funds have gone to my son.
son?
For a moment, Secretary Gage tilted his head.
“If it had flowed into Master Jack, wouldn’t a commercial bank in New York not know about it?”
– Oh, Jack.
“……?”
There was a moment of silence over the receiver, as if the president was suffocating.
Secretary Gage put on a questionable expression.
Who is it…..
– It’s the second one.
Secretary Gage opened his mouth wide.
＜ The first hedge fund. (2) > end
