Breaking Up Is Better Than Divorce

family office

“It doesn’t matter as long as I am running for president and not for the sake of any business gain.”

The dubious Trump knows what Eugene is trying to say, but skips it.

Everyone in the world knows that Trump, a businessman to the core, will use even the presidency for his own personal gain.

“Sure. After all, Mr. Trump has set out with the noble purpose of making America a great nation again.”

“Anyway. If I want to bring America back to its strong and great days, I have to do it again.”

Trump said with a laugh.

“Oh yeah! I am planning to open a family office with the investment of some acquaintances.”

Eugene changed the topic again.

“Family office?”

“There are some people who want to work with them after seeing their investment performance.”

“Hey!”

“Are you interested?”

“Didn’t I say that the annual profit is over 20,000%?”

Trump is a lover of numbers.

In conversations, he always brings out various numbers and uses it as a basis for adding credibility to what he says.

“It will be about 39,000 percent. We made $39 billion out of $100 million.”

So, when talking to him, it is helpful for the other person to present a clear number as well.

To say that you love numbers is no different from saying you are weak against the numbers presented.

gulp!

Greed appeared on Trump’s face.

“You mean $39 billion in cash? That’s amazing. I’ll be in the top 5 on the richest list. Bill Gates for $80 billion, Larry Ellison for $50 billion, Jeff Bezos for $47.8 billion, and Mark Zuckerberg for $41.2 billion? Larry and Sergei are about $33 billion, so definitely more than that.”

Trump was memorizing the world’s richest man list to the correct amount.

In fact, it is not surprising.

Among the many richest people in the world, no one else is as obsessed with ranking of the rich as Trump.

Trump has always emphasized the fact that he is one of the richest people in the world, and would be furious if anyone objected.

For Trump, it was the most important thing to show how great he was, and to be denied being on the world’s richest list was to deny his very existence.

“What. I’m thinking of trying to get first place next year.”

“It’s wonderful. It is the American dream that an overseas immigrant becomes one of the most wealthy people in the United States in just one year.”

Trump concealed his envy.

“When the performance was around that level, my acquaintances asked me if I could roll my own money with them.”

“Don’t even do that.”

“But there really is no reason for me to do that, do I? Anyway, my assets alone are at the level of some investment banks, and with a little leverage, I can move funds at the level of the national budget. So, accepting the requests of acquaintances is only because of our friendship as friends.”

“Can I ask what kind of friends you got that kind of request from?”

“What. Some powerful people in their homeland and similar people in many other countries.”

“okay. Korean.”

Seeing Trump nodding, Eugene added, as if he had just remembered.

“Oh yeah. The new family office to be opened will be headed by Ms. Joanna, who is now working as a partner with me. This is a secret, only Mr Trump knows.”

“Something?”

“Miss Joanna is the eldest daughter of the King of the Netherlands. He is the next heir to the Dutch throne.”

Joanna had already been given permission.

What’s more, if Trump becomes president, you’ll know it anyway.

“ah! Was it? Then maybe the Dutch royal family?”

“What. I can’t say that it doesn’t matter at all.”

He proposed to Joanna that he would prefer to invest $100,000, the equivalent of two years’ worth of her salary.

Joanna wanted to put in a bigger amount, but it didn’t fit Eugene’s standard. The $100,000 investment was also close to showing goodwill to the staff.

“Right… … .”

Trump seems very interested.

Trump is a huge authoritarian.

Even after becoming president, he was more eager to make friends with the king and dictators than the leaders elected through democratic elections.

“If you invest in your family office, will you be guaranteed a pretty high return?”

“Investment is not something anyone can guarantee. Of course, I can’t be sure of the future either. Still, my friends who believe in me seem to believe that I can earn enough money.”

“okay. So, how much money did the family office have?”

Trump is increasingly interested in the family office Eugene is talking about.

“It is difficult to say. But it’s safe to say that my friends only receive investments of at least 100 million won.”

“100 million dollars?”

Trump flinches.

Trump has always claimed to be at the top of the list of the 400 richest people in America, but his actual wealth has always been controversial.

Although it has been investing in various real estate and licensing businesses, there have been many failures.

Moreover, even if Eugene’s investment has been successful so far, trust has not been built up enough to trust and entrust such a large amount of money.

“ah! I’m going to have to stop now. Mr. Trump is also busy with his campaign, isn’t he?”

Eugene first said goodbye to Trump, who was in trouble.

I threw the bait in, so I had to get up here.

The next time we meet, Trump will have a body.

Eugene wanted Trump to take the money directly from his wallet. That’s a lot of money to worry about.

“I used to feel like a pretty big house, but now this house is a mess.”

Returning to the house, Yooseong looked around at the people occupying different parts of the house and said:

“right. It feels like the security team is filled with just the PR team.”

Returning to New York, Eugene began hiring people.

With so many things to do, I started to run out of things.

The first people hired were the PR team.

Until recently, my younger brother was in charge of taking Eugene’s photos and posting them on social media, but Yooseong, who was busy with his work, couldn’t even do that.

Moreover, as Eugene’s name is getting higher and higher, it was too much for just one person.

Through Headhunter, Eugene has hired quite a few talented photographers and people who have worked in public relations at large corporations.

Now, Eugene’s move will not end with making herself known to Korea. We had to promote Eugene more widely and increase his influence through him.

“The government finally pulled the sword out. They say they want to devalue the yuan.”

In August, the Chinese government devalued the yuan to strengthen the competitiveness of exporting companies.

This will allow goods produced in China to be exported at lower prices, and the prices of imported goods will rise.

But the economy is not so easily controlled. I wondered if there was a rebound for a while, but on the contrary, it started to decline harder than before.

“Finally, it’s 3,000.”

Joanna, who had been looking at the Chinese stock market graph all day, said with a smile on her face.

On August 25, the Shanghai Composite Index fell to 2,935.

It immediately realized its options and insurance rights with investment banks.

It generated just over $10 billion in revenue.

Indices and put options that entered short positions again at 4,000 points, and short selling of major stocks in the Chinese stock market, all started liquidation.

“Options and insurance revenues are $10 billion and $18 billion from other products. I knew it would be a huge amount, but… … It’s a lot bigger than I thought.”

$34 billion was deposited in the account in cash, including the first $5 billion invested.

In addition, short positions in oil futures and put options entered at the end of June were also generating very good profits.

It started at $60 and dropped to $40 by the end of August, giving Eugene $6 billion.

In addition, the purchase of $37.5 billion worth of stocks in 11 companies, including Google, Amazon, and Facebook, with $7.5 billion as collateral is still making a good profit.

“We have over $50 billion in assets under management through BlackRock.”

William, who visited Eugene’s home, reported the accounts for the past six months.

“50 billion dollars is a lot of money, isn’t it?”

Eugene asked with a smile.

“Sure. No one in the history of mankind has built such a fortune in just one year. And I don’t know if there will ever be. With the achievements so far, Eugene’s name will remain forever.”

Actually, I know the future, shouldn’t I do this?

Increasing wealth for Eugene is not at all difficult. What you can do with it is much more important.

“I think it would be unreasonable to leave all that money to BlackRock and manage it.”

Eugene said as if notified.

Until now, a big investment required the name of BlackRock.

But now, Eugene’s name itself was enough to be eaten on Wall Street.

No individual has ever been able to freely move $50 billion in liquid assets, and even as a hedge fund, it is at the top of the list.

“I thought you would.”

William answered without the slightest surprise.

“Some parts will continue to be operated through BlackRock, but many will be operated separately.”

“A terrifying asset management company is born.”

“So I mean. How is it? I want to be with William in the future. Of course, I will do whatever William demands.”

Eugene brought out the business of the day.

“that… … That’s a really good suggestion.”

William said with a smirk.

“Of course, I don’t mean to make a decision right away. Can you think about it?”

“Well. no. Let me answer you now. To be honest, I think Eugene’s proposal will be a great opportunity that I will never have again in my life.”

Eugene somehow seemed to know what William was going to say before he even heard it.

“But I don’t think it will. Eugene’s investment direction is very different from the one I am pursuing. Eugene believes that in the future, he would rather make an extremely risky investment that is closer to a hedge fund. But what I am looking for is the kind that guarantees stable returns for investors.”

That was the reason William was building his career at Black Rock.

BlackRock is the world’s #1 wealth management company. Of course, we aim for the best return, not the maximum. This does not mean that we miss out on high-return opportunities, but we take various measures to avoid risks as much as possible.

“If you go into Eugene’s office, you will definitely make a lot of money. And it won’t be any better for your career. But I think my role there will be very limited.”

This is the answer Eugene expected.

William’s greatest strength is probably that he has an excellent sense of avoiding risks, and he himself walks a path that makes the most of his strengths.

Eugene knows that William will one day leave BlackRock to start and run his own wealth management firm.

As at BlackRock, it was a stable but never-low-performing wealth management company.

“I’m sorry for saying a word of refusal without thinking so deeply. But it’s something I’ve always thought about, so I think it would be better to cut down on unnecessary time wasting on each other.”

“William is a trustworthy person. If it was normal, I would have thought about how much I could receive first, even if I had a slightly different opinion.”

Eugene laughed and said.

“ah! okay. How much would you like to give?”

“If it’s William’s ability, shouldn’t he start with at least eight?”

“yes? Uh, um… … . Pretty… … That’s a generous amount. haha… … .”

William’s face darkened.

“That’s fortunate. You can say no before you hear the amount. If I had heard the amount, I would have been really worried.”

But William was a man who looked far beyond the immediate interests.

“My offer is not over yet.”

“What a great bait you are going to throw.”

William looked embarrassed.

“I don’t want to put 50 billion dollars into one office. Why not put all the eggs in one basket?”

“Sure. There are times when we make aggressive investments, but we need to make sure we have that amount of money set aside.”

“So, I plan to run a separate family office that will act as a hedge fund and a fund that will continue to make stable investments. Of course, I plan to run the two offices independently, and I want to ask William to take responsibility for the stable investment.”

Eugene does not believe that the future she knows will always be as definite as it is now.

In particular, the more funds he manages, the greater his impact on the world will be.

So, you had to be prepared for emergencies.

For that, he needed a means to stably manage some of Eugene’s assets.

“If you are independent… … .”

“You can manage your funds freely with the will of the office representative. There will be no orders. Sometimes I can provide information I know, but how it is used is up to the CEO.”

That’s what Eugene wants. A person who has similar information to himself and will make a stable investment based on his/her own judgment.

And most of all, I needed someone I could trust.

“This… … .”

A strange expression appeared on William’s face.

“Isn’t this an opportunity that should never be missed?”

“Sure. If you say no again, you will probably be teased for the rest of your life as an idiot.”

“haha. okay. Eugene really gave me an offer that I couldn’t refuse.”

William raised the white flag.

William decided to resign from BlackRock. In addition, he started recruiting employees for his team one by one.

Eugene was also gathering talented people for investment management.

Much of it was through William’s network, but Eugene’s network over the past year is no longer small.

What’s more, Eugene’s achievements over the past year have already shaken Wall Street, so there weren’t many who would turn down Eugene’s scout.

On the other hand, Eugene was preparing for a new event to take place soon.

“The data requested by the Environmental Protection Agency has arrived.”

Joanna brings a bunch of papers and makes a report.

“Are you here now?”

The material Joanna requested before joining as an intern has only just arrived.

“But what data are these?”

Joanna asked, sitting next to Eugene, flipping through the papers.

“It’s about a series of disputes between the Environmental Protection Agency and Volkswagen.”