Investor That Can See The Future

Chapter 66

The Financial Times is a British daily economic newspaper with a tradition of more than 100 years.

Fortnum McKellen was a stock market correspondent there.

He was now called to the editor’s office. The reason was an article written the day before the Brexit vote.

The editor screamed as soon as he saw him.

“What? Are you sure the Brexit vote will be rejected? European stock market big news? If you didn’t have the confidence to match, did you just stand still? I’m pretty sure, what the hell is this?”

For several days, the newspapers were flooded with protest calls. Even if I trusted the article and invested, I suffered a huge loss, so there was even a guy who asked me to ask.

Fortnum bowed her head.

“Sorry.”

That’s what I said, but on the inside, I was embarrassed.

‘No, if everything is right, what am I doing as a reporter? I made a lot of money by investing.’

And the article was not his personal opinion, but an article that interviewed some of the best financial experts in the UK.

‘Anyway, I didn’t believe what the financial experts said.’

If you think about it, even during the 2008 financial crisis, CDOs were asserted aloud that they were safe. A week after the article was published, Lehman Brothers went bankrupt, so there were a lot of protest calls back then.

Anyway, he also trusted the experts and wrote an article with the tone that he will remain in the EU, so there is nothing to say.

“Go and do some research!”

“Okay.”

Fortnum left his editor-in-chief with his head bowed, grinding his teeth.

‘I’m going to ask you for a real scoop!’

To write a new article, he called acquaintances who worked in financial institutions and politicians. But anyway, that was the story.

Articles that predicted the future were pouring in here and there, and it was difficult to find a new article in particular.

It is okay to use a moderately weave, but that doesn’t fit his personality. I needed a powerful shot that I could confidently push to the editor-in-chief.

As he continued his search for knights, he heard a story from a friend who worked at the London Foreign Exchange Exchange.

“Do you know the OTK Company? I think they made a lot of money by selling pound just before.”

On the day of Brexit, exchange rate fluctuations peaked. There is nothing strange about making a big profit at this time, but something has come to mind.

“Tell me about that in detail.”

OTK Company had even heard of him.

It was quite a famous company in the venture capital side. I know that he has invested in several famous British startups.

During the investigation, he made a surprising discovery.

About two months before the Brexit vote, OTK Company took out loans from several financial companies using its stake in the company as collateral. That amount alone exceeded $10 billion.

It took about a month to raise funds like that. Afterwards, he sold pounds and bought yen in the foreign exchange market through FX margin trading.

If you say you moved in anticipation of Brexit, it is understandable to some extent so far.

By the way······.

The shocking thing happened on the day of the counting.

By the middle of the counting, the residual was high, the pound rose and the yen fell. In this situation, OTK Company is estimated to have sold more than 200 billion pounds.

If you do the math, you bet the remaining funds with a leverage of 40 to 50 times. Perhaps most of the profit was generated from betting at this time.

I’ve been covering a lot of things in the financial market so far, but this was the first time I’ve had this.

‘Unless you know that the outcome will be reversed…’

If this was a decision made by a politician, they would have thought they had been informed in advance. However, this is the result of the referendum.

It was impossible to know how the counting process would proceed.

There was only one conclusion that could explain this situation.

‘Does the CEO have tremendous insight and investment acumen?’

Predicting Brexit is no big deal. Because one or two out of ten experts warned that Brexit could become a reality.

Anyone can make a prediction, but very few can put it into action.

If you ask the experts who predicted the withdrawal if they can bet their entire fortune, no one will answer.

Crossed the port and wrapped his tongue around.

“How could this be?”

As he continued to investigate, this was not the first time.

It was in Korea that OTK Company first appeared in the financial market. In the case of the L6 case, when the premium phone of Suseong Electronics was discontinued due to an explosion, as it is now, it made huge profits through leverage and short positions. After that, he started investing in startups around the world with the profits.

‘Is it true that you made money from an extremely short position, built a long position with that money, and then took an extremely short position again?’

Each investor has a different investment propensity. However, no investor has ever made an investment in this way.

“This is a very special feeling.”

Fortnum stayed up all night to write an article and presented it to the editor-in-chief.

“Is this real?”

“The amount may vary a bit, but the rest is certain.”

“An investment firm made billion by betting on the yen and the pound decline?”

The editor’s eyes lit up. He realized that he was a scoop with his long years of experience.

Fortnum spoke quickly.

“Editor! It should be on the front page of the newspaper tomorrow.”

The editor said cautiously.

“I do a little more follow-up and make an announcement…”

He shook his head as if frustrated.

“Are we the only ones who covered this? The Wall Street Journal and the Washington Post have already sniffed and covered everything. It’s a matter of who explodes first. Don’t you know that dictating someone else’s article even if it’s only one minute late?”

“Hmm.”

That’s right. The scoop is that time is life.

Even if it is only one second late, not one minute, the first to fire the knight gets the ball.

The editor picked up the receiver and gave instructions.

“Leave the front page of the newspaper tomorrow.”

next day.

An article was published on the front page of the Financial Times.

[Who attacked the UK foreign exchange market?]

* * *

Fortnum’s article was enough to turn the whole of England upside down.

After the Financial Times first reported, related articles poured in.

[OTK Company, which made a profit of 30 billion dollars in the foreign exchange market][Who is OTK Company?][The Worst Event Since Quantum Fund!][Is the British government’s response to foreign exchange speculators appropriate?][Otaku air raids in England.][Presumed to be of Japanese origin from OTK Company]

The British were outraged.

It’s already confusing because of Brexit, but unknown people have taken huge profits in their foreign exchange market.

The aftermath spread to the political arena.

In the end, the UK Treasury Secretary stepped in.

“There is absolutely nothing wrong with financial stability in the UK. There was also little loss of foreign exchange reserves as a result of this incident. The government will take strict measures against speculative forces that disrupt the financial market.”

A similar thing happened in Japan.

It was the UK and the EU that actually happened, but the yen was damaged by a surge in global investment as global investments were directed to safe assets.

The Japanese government mobilized all means to raise the exchange rate, while the Minister of Finance stepped in and made a statement.

“We will strengthen the monitoring of foreign exchange speculators. The financial authorities are ready to take all measures to stabilize the market.”

* * *

Taek-gyu said while watching TV.

“I’m not going to let the speculative forces go unattended.”

“Other guys don’t know, but they shouldn’t say things like this.”

Do you not even think about what they robbed of emerging countries?

Korea, too, has been a victim of global capital.

Korea, which has an export-led economy, has a high degree of openness compared to its market size. This makes it easy to withdraw money whenever you need it.

Isn’t there a nickname for Asia’s ATM?

During the IMF crisis, foreigners swept away the stocks of large corporations that had become cheap. Among them, funds from the UK and Japan were significant.

In particular, despite the Korean government’s request for a maturity extension, Japan hastened the foreign exchange crisis by converting its investment into dollars and evacuating it.

A similar situation was repeated during the 2008 financial crisis.

Just as water flows from high places to low places, it is natural for global investment to move to places with high returns.

We, too, put our money where there was a profit, and we only made money.

“·················ogue.”

I was earning a bit too much though.

Not only the BBC and NHN in Japan, but also CNN in the United States and CCTV in China poured reports. The news was all about OTK Company.

I knew that making money with a short position would be reviled, but I didn’t expect it to be so globally reviled.

“If you go to England, you will be in big trouble.”

“Ugh.”

If you go to London and reveal that you are the CEO of OTK Company, it would not be strange if you were burned at the stake in Trafalgar Square.

Became the UK’s most reviled investor since George Soros!

Should I like this?

The good news is that everyone sees OTK Company as a Japanese fund. Because of this, an untimely anti-Japanese sentiment arose among some British netizens.

On the other hand, Japanese netizens welcomed it all at once.

– Was OTK Company a Japanese company?

-hit. So, if you look at the investment in OTK Games, you know right?

– Otaku spreading out into the world!

– Long live Otaku Company!

– Otaku conquered England. Let’s conquer the world now.

Taek-gyu was absurd.

“What are these? Why do you guys like it?”

“Okay.”

Either way, it’s a good thing for us. The decisive reason for this misunderstanding was that Taek-gyu invested in a Japanese game company.

Was the investment a godsend back then?

As I was thinking, my phone rang.

Tirling!

I received a call from Sangyeop senior.

[Oh, Jinhoo. What are you doing?]

“I am watching the news. Is your senior in the company?”

[no. He can’t get into the company.]

“why?”

[When I was about to go to work, reporters came and were encamping in front of the company!]

“·················ogue.”

* * *

While the global financial market talked about OTK Company, the issue in Korea was K Company.

K Company made more than 4 times profits by buying put options in stock markets around the world right before the Brexit vote. It was the result of robbing financial companies around the world.

It was unprecedented for a Korean investment company to achieve this level of performance in the global market.

When the news was announced, Korean netizens cheered.

– Every time, foreign capital just got eaten up, and we did the same thing.

– Is it a K company because it’s a Korea company?

-By the way, what kind of company are you doing?

– Specializing in venture capital. It is the largest shareholder of Edm Entertainment, Bansomem, and Tmapper.

– One investment company did that, but what are the big Korean securities companies doing?

-right. This time, the Brexit predictions were all wrong, and we only lost money. I’m an idiot who believed in their words and invested. It would be better to roll the dice and shoot.

-Who is the CEO?

-Park Sang-yeop is from Korea University.

-Oh oh! Also, Korea University!

-Is it true that you made 4 billion dollars?

There was also talk that he earned more than 5 trillion won.

The media and the financial world all paid attention to K Company.(Read more @ wuxiax.com)

It was a company whose name was not even known until just a year ago. However, it soon became the most famous investment company in Korea.

And Sangyeop senior was known in the media as a genius investor.

* * *

In the midst of the hustle and bustle of various things, one more bomb-like news broke out in the Korean financial world.

Golden Gate’s CEO, James C. Goldman, was nicknamed a hermit investor, and his face was not known to the public, and he avoided interviews with the media.

He said in a written interview with the Wall Street Journal:

“We plan to set up a Korean branch in the next few months. All preparations have already been made.”

Golden Gate has three large buildings on Tehran-ro.

One of them was vacated by expelling offices whose contracts had expired. That’s where the branch comes in.

In the meantime, there are branches in China and Japan, but in Korea, there are only a few small branches in charge of banking.

The fact that the world’s largest IB is opening a branch in Korea means that the status of Korean finance has risen to that extent.

Politicians expressed their welcome, while domestic financial companies were nervous all at once.

Golden Gate is larger than all IBs in Korea combined. I don’t know how aggressively they will operate, but it is clear that competition will intensify.

The Association of Securities Companies issued a statement stating that foreign securities companies should not be given preferential treatment and that they should comply with Korean regulations and laws like domestic securities companies.

I remembered something I had heard from Chase Southwell some time ago.

‘Maybe we have good news for each other within this year.’

probably said this

Taek-gyu asked.

“The Asian branch was originally in charge of Korean affairs. So what happens to the people who work there?”

“Some will go to Korea.”

Taek-gyu tilted his head at my words.

“Then what about my sister?”

* * *

When Golden Gate’s Korean branch was announced, the Asian branch in Hong Kong was buzzing.

This is because there is a high possibility that a major change will occur as I have been in charge of Korea-related affairs here before.

Oh Hyun-joo was called and headed to the branch manager’s office.

As she opened her door and entered, Chase Southwell rose from her seat and greeted her.

“You must be guessing why I called.”

Hyunjoo nodded his head.

“Yes.”

‘Probably because of the assignment to the Korean branch.’

Personally, I wanted to gain more experience here. But that’s not for her to decide.

Chase looked at Hyeonju and said.

“You should go to Korea.”

This was already expected.

As I nodded my head, the following words continued.

“Can you take over the position of the Korean branch manager?”

Hyeon-joo asked in confusion.

“······Yeah?”