Chapter 62
Chapter 62
Chapter 062 of the Black-Haired Investor Awakened as a Superhuman
==========
When I opened my eyes in the morning,
She was still beside me.
The sunlight filtered through the curtains, softly illuminating her face.
I quietly lifted the blanket and got up, careful not to wake her.
I opened my laptop and continued yesterday's business.
A whopping $500 million worth of Bitcoin.
If Hyun-woo Na, as an individual, wanted to invest in Bitcoin, the process would be simple, regardless of the details.
Buy Bitcoin from a Cryptocurrency exchange and transfer it to a Hardware Wallet.
If you have money in your account, it's a matter of a few clicks.
But AlphaMind, as a corporation, is different.
A corporation investing in Bitcoin is not something that can be solved with a few clicks.
In fact, it wouldn't be an exaggeration to say that the path for corporate investors to directly purchase Bitcoin is almost completely blocked.
Of course, it's not like there's no way at all.
You can classify the purchased Bitcoin as an intangible asset and adjust the accounting books to somehow make it work.
But the problem is the Securities and Exchange Commission.
They are deliberately not issuing clear guidelines on corporate Bitcoin ownership.
In this situation, which institution would dare to include Bitcoin in its portfolio?
Not knowing when the SEC might change its stance and file a lawsuit.
So, corporations that want to invest in Bitcoin look for alternatives.
Grayscale's GBTC is the option.
Strictly speaking, GBTC is not Bitcoin. It's more accurate to say that it's a "stock" of a trust with Bitcoin as its underlying asset.
Grayscale holds and manages the underlying asset, Bitcoin, and the corporation indirectly invests in Bitcoin by buying GBTC like stocks.
But that's not a perfect solution either.
Because there are risks of a 6-month lock-up and a premium.
But there was an even bigger problem.
I've started the work...
But I don't have the money.
* * *
While talking to Barclays, I made eye contact with Sloan on the bed.
She pulled the blanket up slightly and smiled at me.
The gesture of waving her hand slightly was not so much a morning greeting as a gesture meaning, "Don't worry about me, focus on your call."
I nodded slightly and raised my voice a little more.
Therefore, simple return simulations distort the actual sensitivity, so you must evaluate it based on the Synthetic Exposure Tree.>
<Here it is.>
<Could you look at page 13? It will become clear if you look at that part.>
I heard the sound of papers being turned on the other end of the phone.
<Yes, I'm looking at it.>
In terms of the tree structure, the Moderna exposure appears to be 12%, but when the trigger is activated, the actual profit contribution exceeds 80%.>
Silence flowed for a few seconds.
Soon after, a low sigh and a small commotion leaked out.
I faintly heard voices exclaiming in admiration, "Is this even possible?"
<Ah... I'm sorry. This was possible. Just a moment.>
The sound of clicking a mouse and quickly scrolling through a PDF mixed together.
The atmosphere was gradually heating up.
Finally, a slightly excited voice returned over the receiver.
'That's it.'
This would not only fill the insufficient funds but also strengthen the relationship with Barclays.
To get a loan from Barclays, the corporation 'AlphaMind' had to pass a credit evaluation first.
I had to prove the risk-return structure of the fund's core product, TVS (Therapeutics vs Vaccine Performance Swap).
Now all those processes were complete.
All that was left was to wait for the $1 billion to be deposited into the corporate account.
Because this fund product had such a complex structure, the interest rate, which would have been well over 10% per year at other banks, was successfully negotiated to 7.8%.
[It's been resolved well. I look forward to seeing you soon with gratitude, Mr. Stewart.]
That was really the end, with a message of gratitude to the head of asset management at Barclays, who had deeply assisted in this task.
Even then, Sloan on the bed was watching me as if observing me, pulling the blanket up to her neck.
"I don't understand a word of it."
She hugged the blanket and walked out of the bed.
"But I know one thing. You were the coolest of all the people working hard on the phone."
Sloan smiled as she headed to the shower.
"I'll bring you the Tether shares within this month."
* * *
The team in charge of the credit evaluation of the Hedge Fund AlphaMind.
The credit analysis department at Barclays was in chaos.
AlphaMind's fund product, TVS, was the culmination of highly advanced financial engineering.
So the modeling.
The stress test.
The risk calculation did not work within the existing framework.
It was only natural that many institutions had difficulty calculating its profitability.
But the story changed when Hyun-woo provided the manual.
On the surface, it looked like it was invested in the entire Vaccine stock sector.
However, once a certain threshold was passed, all profit contributions were concentrated in one stock.
That is, Moderna.
The Barclays credit analysis team didn't understand it at first.
But as they unraveled the trigger conditions one by one according to the manual provided by Hyun-woo, they began to see that all roads converged to one Moderna stock.
"It looks like a Vaccine stock ETF, but in reality, it was hiding a Moderna Call Option. A deep call at that."
"This is a scam!"
"No. It's perfectly legal. They just exploited the regulations in an absurd way."
"The human who designed this... No, can a person even make this?"
"Hyunwoo is an alien. He made this alone."
"This is crazy. This is art."
"So, what's the profit?"
"The profit?"
Everyone's eyes were focused on the monitor.
In the midst of the sudden silence, only the sound of the keyboard entering calculation conditions echoed.
The product was first launched on March 27th. On that day, Moderna's closing price was $30.
And the current price of $49 as of May 6th was entered.
Finally, the result came out.
Pop!—
[AlphaMind | Therapeutics vs Vaccine Performance Swap
• Fund Entry Size: $4,000,000,000
• Profit Rate: 402.5%
• Total Profit: $20,100,000,000]
At that moment, everyone held their breath at the number exceeding 20 billion.
Moreover, given that this was an achievement made in just 41 days since the fund was launched, this was not just a simple rate of return, but a kind of financial event.
Even the team member who had maintained his composure shouted with an excited face.
"We have to report this to the SEC! Is this normal? This is... this is too absurd."
"Report what? That they're playing with institutions? That they're sweeping up money with a structure that's so ingenious that no one can imagine it? What are you talking about without evidence?"
"This is the evidence. It's packaged like an ETF, but it's actually a Moderna Deep Call Option. The structure is hidden in double and triple layers, and triggers are planted! This is no different from fraud!"
"It's not fraud. There isn't a single line of regulation violation."
"What I'm saying is."
"How many years have you been doing this to be so naive? If you pick on everything like that, half of this street would disappear. Everyone makes money like this, AlphaMind is just... more sophisticated. Just incredibly sophisticated."
A new voice chimed in.
"Instead of this, why don't we propose to make one ourselves?"
"How? They must have used at least a hundred algorithms to make that one."
"But they said he made it alone."
At that, the office was once again enveloped in silence.
The team members looked at each other's faces and thought the same thing.
The fact that Hyun-woo Na was more than just a genius.
The fact that he designed and completed this structure alone was something that completely shattered their common sense.
"But no one is talking about this fact."
Then the Team Leader twisted his lips and spat out cynically.
"Have you thought about why? This kind of person is taking out a loan saying he doesn't have money. CEO Hieon believes this fund is just the beginning."
"This is already a Jackpot... What else is he going to do?"
"Jackpot?"
The Team Leader smiled wryly, casting his gaze out the window.
"Thinking this is a Jackpot is something only ordinary people like us would say."
* * *
I came into the office around lunchtime.
I was still wearing the same clothes as yesterday, the Brioni suit, which was my battle uniform.
Every time I saw Shiva and Sword flinching, I felt like I had become a villain.
I looked at Shiva and Sword alternately, then flicked my finger at Shiva.
"Did you call?"
Shiva came in with a nervous face.
"It's a business trip."
At the unexpected words, his eyes widened.
Instead of answering, he glanced at Sword.
Whether the word "business trip" was clear to Sword's ears at that timing, Sword stared at me blankly and then averted his gaze.
They were subtly competing for loyalty.
Since I had called Shiva this time, following the previous time, a sense of disappointment was visible on Sword's profile.
My choice was simple.
In a situation where a long-distance schedule and business meetings with Sloan were intertwined, Shiva, a woman, was more suitable than Sword, a man.
"Where are we going?"
Instantly, Shiva couldn't hide her excitement.
"We need to verify that the USDT transactions are the same as the actual issuance. Together in a place where they are also attending. You're good at that kind of thing."
"Tether."
"Yes. Go to Hong Kong. Your role is technical review."
The black hackers who had tried to hack me until a few days ago were now the technical due diligence personnel I was sending to the target company.
Ms. Mika with Open AI and Shiva with Tether this time.
If they're useful, I'll use even criminals.
Rather, that's better. I had their weaknesses in my hands.
Seeing them working diligently, they were much more trustworthy than the Wall Street sleazebags.
"Thank you. I can do well."
Her lips twitched once under her head, which was lowered as if trying to be indifferent.
It was a face of silent determination.
But her eyes, which she couldn't hide, were slightly wet.
"Have a good trip. As an employee of our Alpha Group."