God of Corporate Hunting - Chapter 270



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◈ Episode 270 University Fund (2)

I rented a hotel conference room and met with a Harvard University official. He was the director of the fund management department.

The Norwegian sovereign wealth fund is the most famous in the world, but there are quite a few large public funds, such as the California Pension Fund, that serve as important moneymakers, traveling the world and investing in promising companies and infrastructure.

University endowment funds also play a role.

The largest university endowment in the United States is the Harvard University Endowment.

Harvard University manages over $50 billion in funds. The University of Texas is in second place with over $40 billion.

The University of Texas is unique in that its main source of revenue is oil and natural gas. Yale University is in third place.

In particular, the Harvard University Endowment, which has strong symbolic significance, was famous for practicing an investment policy aligned with ESG.

Nam Woon-myung checked the face of the Harvard University Endowment Management Director sitting across from him at the conference table.

He is a famous person who graduated from Harvard University. Since Harvard is famous for economics, he must have great investment skills.

“……So, I’m thinking of entrusting part of the school fund to the Korea Asset Management Consortium.”

“How did you know of our existence……”

“With the acquisition of CSK, its presence has grown significantly. There is no one who does not know about it. However, since it is located in Korea, it is difficult to access it…….”

“There’s also a New York branch?”

“I didn’t know it existed.”

Well, the New York branch doesn’t even have a sign and occupies just one floor of a remote building. So, its presence is bound to be minimal.

“You found it with great difficulty.”

“Dan Kirk just happened to be the one who gave me the leg up. I’ve been friends with him for a long time.”

A look of pride appeared on Kirk’s lips.

Nam Woon-myung checked this side’s reaction. Yoon Se-bin and Seon Yoon-ah also seemed to be in a good mood.

If you accept a university fund that values ​​stability as an investor, it can be seen that your investment ability has been recognized.

“As you know, CSK’s stock price has skyrocketed since we acquired it, right? Thanks to that, our yield is currently soaring. That’s why our fees and performance bonuses are higher than those of other asset management companies. Is that okay?”

“If you take on the responsibility, you have to take responsibility. Isn’t it the same for Saudi Arabia and UAE sovereign wealth funds?”

“That’s true, but Temasek is a different story.”

“How is it there…….”

“10% guaranteed profit. But there is no additional profit. Isn’t this a good way to do it? Especially if you value stability.”

The Harvard Dean’s mouth dropped open. A 10% return without risk is actually an enormous interest rate. Taking risks and aiming for high returns is one way, but it is also tempting to be called safe like this.

“Then we also…….”

“Unfortunately, it is currently 8%. This is also more than double the rate of return of general pension funds. What do you think?”

Although the rate of return fell by as much as 2%, it was still far superior to that of other asset management companies.

The Harvard Dean, who was short on money, immediately agreed.

“Yes, yes, let’s do that.”

“Then from now on…… how much would you like to leave?”

Nam Woon-myeong handed over the fund trust documents.

“First of all, it’s 5 billion dollars.”

Then Kirk whispered to him.

“That $5 billion is an asset that has been entrusted to the KR Investment Group. It matures in a month, and that is what they are going to invest.”

KR Investment Group? It was a windfall. If this money comes to them, their power will naturally increase and KR Investment Group’s power will decrease. This investment deal is like killing two birds with one stone.

“Well done.”

This one thing alone was enough to prove that Kirk had done his part.

The Harvard Dean was just about to sign it.

Bam!

Suddenly the conference room door opened and two familiar people came in.

Nam Yun-myeong, who had checked them out, doubted his eyes.

Avery Grant and Tony Grant. They are the Vice President and Chairman of KR Investment Group.

It is easy to understand why they came here without asking. They couldn’t just sit back and let the money they had invested in them be taken away and moved elsewhere, especially to competitors.

As Every looked around the room, his gaze stopped at the document he was about to sign, then moved to Nam Woon-myung and then to Yoon Se-bin.

The room was shaken by the shout of Everly, who had exploded with anger.

“What on earth are you trying to do?”

Of course, Yoon Se-bin had an expression on his face as if asking which house’s dog was barking.

The hand of the Harvard official who was about to sign stopped.

“Look, it’s disappointing to betray us like that. How much did we compromise when you entrusted us with your funds? Including the fund management fee…….”

Chairman Grant complained.

The Harvard dean made an excuse.

“Of course I know. But isn’t there a big difference in operating performance? Of course, KR Investment Group’s performance is not bad, but compared to Korea Asset Management…….”

Everly’s eyebrows shot up.

She immediately started swearing at Yoon Se-bin.

“Last time, you took Ashur’s soul and took away the funds that were to be invested in us, and now you’re taking away the Harvard Fund? Why us of all people? Do you think you’ll do well in this business for the rest of your life just because you made a good investment in one or two cases? There are no lone wolf in this town!”

Only then did Yoon Se-bin leisurely turn his gaze to Everly.

“Avery? Who started the fight first?”

“What are you talking about? When did we ever pick a fight?”

“Have you forgotten about the plan to create Ambebrew?”

“Huh! You knew that?”

Everly’s eyes widened as she looked back and forth between Yoon Se-bin and Nam Woon-myung.

Yoon Se-bin glared at Everly with an odd expression.

“And why do you keep picking on our Nam Director? Do you think he’ll move to KR Investment Group because of that?”

At that moment, Nam Yun-myeong was also shocked.

How did Yoon Se-bin know about this? Of course, he has no intention of moving to KR Investment Group.

Everly, who had been hit with a series of strong punches, looked at Nam Woon Myung with a blank expression.

Meanwhile, the bickering between President Grant and the Harvard Dean continued.

Chairman Grant’s struggle to keep his $5 billion from being stolen was tearful.

“We have already made our decision.”

“Please trust KR one more time.”

“He has already left.”

“You haven’t signed yet?”

It was at this moment that the frowning Harvard Dean was about to sign with a pen.

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Someone snatched the pen he was holding.

“omg!”

The Harvard Dean, who had dropped his pen, looked back in a hurry.

Behind him stood a man holding a pen and looking triumphant.

“All, you…….”

Not only the Harvard Dean, but also President Grant was speechless when he realized the identity of the person who had just appeared.

“How did you get here…….”

The person who appeared said, putting the pen aside.

“Can Harvard do this in secret? When something good happens, we have to share it.”

The person who showed up was the Director of Yale University Endowment Management.

The Harvard Dean asked, unable to hide his surprised eyes.

“no way?”

“Our Yale University has also decided to invest in the Korea Asset Management Consortium. So I was about to contact them when I heard that Harvard is making a move…….”

Nam Yun-myeong was so dumbfounded that he couldn’t help but laugh. Why was money rolling in like vines?

Chairman Grant’s shoulders slumped.

Avery swallowed his anger in silence at the unexpected reality.

The Harvard Dean asked.

“Then Yale should invest too. It’s not like they can’t do it because of us, right?”

“We don’t do it as lethally as Harvard.”

“What are you talking about?”

“If we’re going to do it, we have to do it together.”

Then a few more people entered the conference room.

As soon as they entered, they asked to shake hands with Yoon Se-bin.

“I am the Director of Texas Fund Management.”

“We’re from MIT. We invest primarily in high-tech industries.”

Not only Nam Woon-myeong, but also the Harvard Dean could not hide his surprise.

College fund managers swarmed in like a swarm of bees.

The number alone was 10 universities in total.

A bewildered Chairman Grant asked.

“Then what happens to the money you invested in us?”

“It needs to be recovered or reduced.”

Investment money moves to places with higher returns. This cruel reality is unfolding right before our eyes.

From KR Investment Group to Korea Asset Management Consortium.

I did not feel sorry for the KR Investment Group because it was the group that had been secretly interfering with Korea Asset Management and Mega Asset Management.

Nam Yun-myeong organized the university officials.

“Okay, first, let’s gather your opinions. Should we hand them over separately or gather them together and hand them over at once?”

“We got here first, so Harvard gets priority.”

“Of course we should do it together!”

“We can’t miss out.”

There was an uproar among the officials.

Nam Yun-myeong easily understood the essence of this situation.

University funds are in competition with each other. They also exchange information and meet frequently to discuss management. If their management performance falls short compared to other universities, they will be held accountable. That is why the officials have no choice but to hang on and risk their lives.

Nam Yun-myeong glanced back at Kirk.

Kirk stared off into space, as if trying to avoid the question.

As expected, it was a slap in the face. The mastermind behind all this was Kirk. He first seduced Harvard and then gave a sneaky hint to other universities. So they are all competing for this spot.

Kirk is a really capable guy, except for the girl problem… … .

I thought that maybe even that woman’s problem was a matter of ability.

Life is like Kirk.

* * *

After finalizing the investment negotiations, they gathered at a pub near the New York branch and had a beer party.

Of course, the beer they drink is Corona beer. Now that they are investors, they have to use it diligently. Of course, Corona beer doesn’t taste that bad. It’s not the number one beer in the US for nothing.

Yoon Se-bin clinked glasses with Kirk and congratulated him.

“Thank you for your hard work, Mr. Kirk.”

“What? This is all thanks to Representative Yoon.”

“Huh? Thanks to me?”

“Every time I see CEO Yoon, I am amazed by his achievements and work harder.”

It’s an answer that gives a glimpse of some hidden bones.

Nam Yun-myeong sighed and glared at Kirk.

Kirk winced and conveyed his opinion with his eyes.

‘Isn’t CEO Yoon an employee of Mega Asset Management?’

‘I own 10% of Mega Asset Management, so I’m basically a Mega Asset Management employee!’

‘Then, Chief Seon-yoon… … .’

“Didn’t I tell you not to touch her?”

A look of disappointment came into Kirk’s eyes.

Oh man, Kirk is even worse than Shin Chul-ho. You can’t take your eyes off Kirk for even a second.

Yoon Se-bin summarized today’s achievements.

“Thanks to you, we have secured $10 billion in funding from the top 10 universities. And on good terms. The money will be transferred slowly from other funds over the next three months. It’s all thanks to Mr. Kirk, so let’s congratulate him.”

Kirk, feeling smug, responded by downing his beer.

By tomorrow, this news will hit the financial world hard.

Following the national wealth fund, they also managed university funds, and since the amount was not small, Korea Asset Management and Mega Asset Management became famous. Now, they have reached a position where they can confidently be included among the world’s major private equity funds.

Naturally, the names of its representatives, Yun Se-bin, Park Won-tae, and Nam Woon-myeong, will also become famous.

“Are you done with work?”

Seon Yoon-ah asked Nam Woon-myung.

“yes.”

“Then you can rest for a few days and then go back.”

Her eyes are secretly hoping for something from him. Could it be a tip? Or is it?

While he was thinking of an excuse, his phone rang.

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