As of May 31, a total of 110 domestic securities private equity institutions have a management scale of over 10 billion yuan. However, compared with January this year, there are 4 private equity companies of 10 billion yuan, including Hefu Investment, Tongben Investment, Wangzheng Asset, and Jiaken Asset. , In addition, the two private equity companies of Egret Assets and Red Earth Assets entered the tens of billions club in May.
Every reporter Yang Jian Every editor Ye Feng
Since the beginning of this year, the A-share market has undergone significant adjustments due to internal and external factors. Ten billion private equity institutions have been seriously injured, and the landscape of the securities private equity industry is also changing.With the recent rebound in the market, the ability of each tens of billions of private equity institutions to return blood is not the same, and the result is a major reshuffle of the tens of billions of private equity clubs.As of May 31, a total of 110 domestic securities private equity institutions have a management scale of over 10 billion yuan. However, compared with January this year, there are 4 private equity companies of 10 billion yuan, including Hefu Investment, Tongben Investment, Wangzheng Asset, and Jiaken Asset. , In addition, the two private equity companies of Egret Assets and Red Earth Assets entered the tens of billions club in May.
Four private equity firms including Hefu Investment exit the 10 billion private equity club
According to the data of private equity Pai Pai.com, as of May 31, a total of 110 domestic securities private equity institutions have a management scale of over 10 billion. However, compared with January this year, this year, there are Hefu Investment, Tongben Investment, Wangzheng Assets, Four billion-dollar private equity firms, including Jiaken Assets, were left behind.
According to the data of the Fund Industry Association, the latest management scale of 10 billion Quantitative Hefu Investment has dropped to the range of 5 billion to 10 billion yuan.According to data from the private equity platform Pai Pai.com, Hefu Investment will officially exceed the scale of 10 billion in October 2021.However, since the beginning of this year, the performance of Hefu Investment's products has not been optimistic, and the average profit and loss of products during the year is 12.59%.As early as February 11 this year, Hefu Investment issued an announcement saying that the unit net value of its product "Hefu Flexible Hedging No. 9 A" on February 10 was lower than the early warning line of 0.88 yuan, hitting the early warning.
Judging from the quantitative strategy of Hefu Investment, it is mainly because its index enhancement strategy products account for a large proportion. This year, both the CSI 300 Index and the CSI 500 Index have experienced significant declines, of which the CSI 300 Index has fallen by more than 17% during the year. %, the CSI 500 Index fell by more than 18% during the year, and the decline in the index is the main reason for its shrinking scale.
It is worth noting that, except for Hefu Investment, which is astock quantitative strategy, the rest are subjective long strategies.For example, Tongben Investment, which has withdrawn from the list of tens of billions this time, is based on its representative product FOTIC-Tongben Phase 1. This product announced the latest net worth data on May 27 this year, and the product has lost 23.3% this year.
According to the company's official website, Tongben Investment was established in January 2014. The company prefers two types of companies for investment: large-scale consumption fields and high-growth companies with acceptable valuations.The founder Tong Xun has won the first place in the "Best Analyst" of New Fortune Food and Beverage Industry for five consecutive years.
Popular public fund managers run away or spawn a tens of billions of private equity boom
In the private equity industry, it can be said that it is an iron-clad soldier. In the tens of billions of private equity clubs, some people naturally enter and some people enter.Private equity Pai Pai.com data shows that in May, there were two new tens of billions of private placements. Among them, the scale of Zhejiang Egret Assets registered with the Fund Industry Association has exceeded 10 billion. Egret Assets is the first batch of quantitative private placements with multiple strategies in the market.Soon after, Red Earth Asset Management Co., Ltd. also entered the tens of billions club. Red Earth Asset has long focused on the investment research and development of bond strategies, capturing investment opportunities in the bond market.
It is worth noting that more than 100 public fund managers have left since the beginning of this year. Among them, a group of popular fund managers such as Lin Sen, Zhou Yingbo, and Cui Ying have collectively "run away".Due to the joining of star fund managers, their popularity has naturally led to the raising and issuance of products of their private equity institutions.
In fact, the most popular recently is Shanghai Qinchen Private Equity Fund. Lin Sen, the former E Fund manager, officially joined Qinchen Private Equity on May 29. The company has formed three core fund managers, including Lin Sen, Cui Ying and Zhang Hang. Chen Private Equity raised funds with its strong market appeal.At present, the scale of Shanghai Qinchen Private Equity in the Fund Industry Association is below 500 million yuan.
Xia Shengyin, a wealth management partner of private equity Pai Pai, told reporters in WeChat that the strong reshuffle of tens of billions of private equity was first affected by unfavorable factors in the market. This year, the market volatility and downturn caused the decline in the net value of private equity and the redemption of funds, and 80% of the tens of billions of private equity For a stock-based strategy, the retracement is relatively large and shrinks accordingly.For quantitative private placement, the quantitative strategy is crowded, and the trading volume shrinks under the sharp drop in the market, making it difficult to make excess returns.Therefore, for any strategy of tens of billions of private equity, in order to maintain the scale and growth in the market competition, it is necessary to maintain continuous profitability, improve its own capabilities, and iteratively upgrade its strategies.
(Editor in charge: Li Rong)
