Wall Street of the third generation chaebol

＜ The first hedge fund. (3) >

Gage was confused in his head for a moment, unable to speak.

Why is the second suddenly appearing here?

“…President, if you are the second son.”

– Yeah, I’m talking about illegitimate children.

At the president’s words, Gage was the flagship.

No matter how illegitimate he is, to openly call him an illegitimate son who even gave him a chief secretary.

It’s like a person without blood or tears.

“Wait, the second master isn’t currently studying at Groton School, is he?”

– Uh, to be precise, the Groton School opened an investment club, and it seems that the secret funds of politicians flowed into the process of recruiting investors. don’t you even know Most of the wealthy in New York have ties to politics.

“No, Chairman. Excuse me. Does that make sense? 6 million dollars in a fund run by young people who are not even adults.”

– Haha, 10 million dollars to be exact. The Irish villagers’ money was also mixed in.

10 million dollars.

Secretary Gage was the flagship.

“Isn’t it something that small and medium-sized regional banks can chew on?!”

– Well, that’s not to say that my son showed a credible image. Of course, there will be my name and Roosevelt’s, but that alone won’t raise 10 million dollars. he’s a funny guy

“…First of all, the U.S. Department of the Treasury knows that.”

– Haha, I’m sorry for bothering you because of my handsome son. And we’ve only raised $10 million, but we haven’t shown any results yet, so we’ll have to wait and see.

Secretary Gage gave up his understanding.

Because that family was out of the norm in American history.

From the Civil War to the Great Depression at the end of the 19th century, to the Panic of 1893.

Their gigantic tentacles, which started from Wall Street in New York and stretched like octopus feet across the United States, were not satisfied.

– By the way, is the Treasury job worth doing? Rumor has it that Sherman is roasting you very sweetly.

John Sherman.

Secretary Gage frowned at the disgusting name.

“Please don’t even mention the name of that damn yangban. I haven’t slept coolly since the Sherman Antitrust Act was passed in the Senate. Isn’t he even from that noble finance minister?”

– And now the Secretary of State.

“……”

– Haha, but don’t worry. Recently, some interesting information came in from the Navy Department. Theodore, that man, he fluttered like a fish in water. I have a feeling that something is about to explode soon.

“Are you talking about the Navy?”

– I’ll tell you something special. Recently, I have been working with the Ministry of War and the Ministry of the Navy. A daily tax related to Cuba.

‘Cuba?’

The Cuban War of Independence?

Secretary Gage’s chatter became cold.

But without knowing his feelings, the chairman’s calm voice came over the receiver.

– Shouldn’t the U.S. slowly come out of the shadow of panic now?

– I can’t tell you the details, but soon there will be a storm that will sweep across America. I want you to be prepared too.

War is coming.

Click.

The man behind the phone, John Pierpont, Morgan President Morgan hung up the phone with a sly grin.

tuk.

Secretary Gage dropped the receiver. His hands were trembling.

“…Does the Emperor of Wall Street want war?”

Who the hell is this America?

The head of the United States Treasury Department, Secretary Gage, had a complicated mind.

***

February 1898.

The hedge fund office in Wall Street, Manhattan, New York.

“James, did you know about the Colt company?”

When the $10 million hedge fund was launched, I first turned to the munitions business.

In the past, when the capital scale was not enough, it was the rice cake in the picture, but after 10 million dollars had been raised, the military industry was no longer a dream.

From the soon-to-be-before-seen US-Spanish war in the United States to the Russo-Japanese War, the Mexican War, World War I, and World War II, I had to move now to suck honey.

‘The main case will explode within the month of February.’

should take over quickly.

James answered my question and laid a thick pile of papers on my desk.

“Here you go.”

“Um… a summary?”

“The second page is the summary.”

“Five.”

I flipped through the first page.

As I read the summary carefully, James recited the attachments next to me.

“Actually, when I first heard the name Colt Sarah, I thought of the Civil War, the revolver and the Gatling Gun. In their heyday, the Colt in the minds of Americans probably stays in the Colt of that era.”

“Now is?”

“Honestly, the future is unclear. In fact, even if I just run a gun factory, I can make a profit…”

“At the end of the day, you’re saying it’s over on that line.”

“It is correct.”

In other words, it is not worth the investment.

I flipped through the hundreds of pages of the report, moving my eyes to the Gatling and Machine Gun section.

“What if war broke out?”

“It seems difficult to overcome this trend with any war. In the first place, the military industry is an industry that is harder to make money than you think.”

“It is not.”

It is easy to think of the military industry as a rogue company where the amount of each case is high due to mass production and mass sales, and the amount of money is copied indefinitely, but it is a much more difficult industry to make money than you think.

It is a fate that cannot easily escape from the position of Eul, who is dragged around by consumers who will sign a contract with a large sum of money in the first place.

‘Unless it’s World War II.’

This world is still in the mild taste before the modern warfare mobilization order of mass destruction. A world full of heroism towards cavalry and soldiers, in a word, where the head is a flower garden.

When that flower garden begins to be stained with blood, you will begin to feel thirsty for the cold lead coal.

‘A machine gun, trenches, and barbed wire will come a time when you will pee just by listening to these three things.’

“James, Colt. Is the takeover worthwhile?”

“Currently, Colt is owned by Elizabeth Hart Jarvis Colt, wife of founder Samuel Colt. However, since the founding members with the greatest attachment to the company are gradually disappearing, I think it is worth taking over if you give them an appropriate amount.”

“Good.”

James paused for a moment, then added.

“If you entrust me, I can handle an argument like this on my own.”

“Five?”

I looked at James with a look of surprise.

Why is the uncle, who was always by my side only as a counselor, suddenly taking an active role?

‘How common is the opportunity to manage a $10 million fund?’

For quite capitalist reasons, it wasn’t bad at all.

Because in the first place, James was a capable elite that J.P. Morgan directly assigned to me.

‘This is an opportunity to fill the void in the memory of James. I wonder how James, who graduated from Oxford, was doing in the City of London.’

How did James flow from the London financial district to Wall Street JP Morgan Bank?

Suddenly, James’ career became curious.

“James, give me a brief biography. As a hedge fund director, I think I have the right to check if you are a suitable person.”

“Of course I was going to tell you.”

James, knowing when he had had it, took an envelope from his pocket and held it to me.

There was a strange anticipation in James’ eyes.

“See for yourself and judge for yourself.”

“OK. Wait a minute.”

wickedness-

I opened the envelope with a letter knife. I opened the luxurious paper and read it all the way through.

“…James, were you from Lloyd’s of London?”

“Hmm. Yes that’s right.”

James dressed confidently, straightening his back and shoulders.

‘her.’

But to me, it didn’t seem like a bluff.

Royce has been a troll in the insurance world since birth. When Royce snores, the insurance industry around the world is shaken up.

In the UK, even Lloyd’s Act was enacted.

“Have you even experienced both underwriters and underwriters?”

Lloyd’s is not a company.

It should be seen as an association of the world’s leading insurance companies and banks. In simple terms, it consists of a structure in which underwriters take over the number of insurance cases and entrust the insurance contract to an underwriter agent.

Put simply, there is a person who closes the deal and a person who handles the business.

‘Of course the structure of Lloyd’s insurance is much, much more complicated than an anthill. How many financial companies are affiliated with, and even wealthy individuals dominate the market? Just thinking about the syndicates it belongs to breaks my head.’

Besides, he is the king of insurance and reinsurance of insurance companies, so he is the king of multi-level insurance.

The internal organization chart was truly Hell.

James appealed to himself in a timid but powerful tone.

“I worked hard to get a general understanding of the insurance industry and various industries and companies.”

it makes sense

Frankly, no other group has been as engrossed in corporate research as the insurance industry. The more you know about the customer company, the more you can get.

You can also avoid anti-tank mines that cause hundreds of billions of dollars in damage.

“An investigation into any company would slap Pinkerton detectives in the face. That is why the report was so incredibly thick.”

“Hmm.”

As I tapped the thick paperwork with the back of my hand, James coughed shyly.

I continued reading my bio.

“And the last part of the biography is the IB division of JP Morgan Bank. Perfect.”

He was a person specialized in mergers and acquisitions.

There’s nothing more to see.

“Good luck.”

“thank you.”

Upon receiving the notification of acceptance, James was thrilled with excitement.

This guy makes a face like this.

“Oh, my lord. This morning, several envelopes arrived in front of the master.”

“envelope?”

“They are all investment proposals. here.”

I was handed the luxurious envelope that James gave me.

Sealed with a red seal on thick white paper, a noble letter envelope that a certain wizard’s owl could deliver with its claws.

But the moment I saw the sender of the envelope, I opened my eyes.

‘Why is this person…’

As I lifted my head, James shrugged as if he didn’t know.

I looked down at the envelope again.

– Pulitzer

The king of newspapers in the United States, and the flag-bearer of the yellow press.

The Pulitzer Prize, which was created according to his will later on, was a giant of the press, called the ‘Journalists’ Nobel Prize’.

I opened the envelope.

“You Pulitzer, you really need a dollar transfusion. Hearst, a competitor, is betting on the crazy chicken game of 1 cent per newspaper, so that’s good enough. It’s an attractive property.”

“Master, it’s embarrassing, but please reconsider your investment in the yellow press. Aren’t they wolves who only search for provocative articles and fabricate and exaggerate them?”

James made a dissatisfied expression on his face.

At the bottom of James’s expression was a hatred of the sensational articles of the yellow press.

“James, there is no other press that is as good as the trumpeter of the capitalists as the yellow press. Pulitzer must have included an investment proposal considering all management interference. If not, what would be the reason why the leading capitalists on Wall Street are taking over the media.”

“Actually, New York World was originally a media outlet for corporate hunter Jay Gould.”

James sighed deeply.

I smirked at James’ reluctant acceptance. I don’t know, but it seems that James had some trauma with the yellow press.

I picked up the remaining envelopes.

“By the way, the hedge fund hasn’t been publicly announced yet, but investment proposals have already come from three places.”

“Because the shadow of the Great Recession has not yet lifted.”

I read the sender of the second envelope.

“DWM?”

＜ The first hedge fund. (3) > end