3lbbass| How to fight back? Ten Billion Private Placement Launches "Net Value Rescue Action"

Source: capital Deep submersible

2023 is the challenge year of 10 billion equity private placement, many institutions' products have experienced the test of withdrawal, and some withdrew beyond the expectations of managers.

In the new year, the star fund managers of 10 billion private equity firms are actively involved in the "net worth rescue operation", and different fund managers have different "skills".

This is not only a time to let a hundred flowers blossom, but also a time to show their abilities, but also a time to face challenges.

The important point to watch is: how effective is the "operation"?

When you see the operation of the following three 10 billion private equity companies, many details will surprise you.

01

Hold fast and wait for the airplane

A private equity firm in Shanghai, which is good at active rights and interests, has embarked on an unconventional road of "change".

The private equity firm is strictly a "husband and wife", and the core fund managers were so well-known in the industry that they soon joined the ranks of tens of billions of private equity firms.

Unfortunately, the organization caught up with the bad market.

Today, the net worth of a private equity product set up by fund managers in the third quarter of 2021 has fallen to zero.3lbbassAround .7 yuan, if you want to get your capital back, the increase will be nearly 50%.

The agency's latest response ideas are as follows: the proportion of asset allocation from high to low is reverse repurchase (nearly 40%), stocks (nearly 30%), over-the-counter derivatives margin (20%) and cash (10%).

Preliminary observation, "reverse repurchase + cash" totaling nearly half of the assets in the conservative "cash assets".

The fund manager's "defense first" and "stand by" thinking can be seen at a glance, perhaps he thinks that the future stage is not too suitable for his investment style and strategy.

02

Attack everywhere.

Shanghai another subjective 10 billion private placement, has adopted a different way of thinking.

The founder of the institution has a background as a public fund manager, young and mature, and was once well-known in the industry.

However, the institution has also encountered a headwind in the market. The net value of a product established in early 2022 was less than 1 yuan after September of that year, and fell to 0.77 yuan by the end of March 2024.

Moreover, from January to March this year, the increase of the agency did not keep up with the index, and its net worth lagged behind the market index, which can be called "house leakage meets overnight rain".

So what is the latest tool of this private equity fund manager?

The answer is "blossom in the wall and fragrance outside the wall".

The latest position information shows that the private equity star fund manager has not only allocated traditional A shares and Hong Kong stocks, but also added a certain amount of US stocks.

The fund manager revealed in the operation report: "positions in the direction, mainly the United States and Hong Kong stocks Internet and technology sectors." The value plate with low valuation and high dividend characteristics in the original combination allocation remains unchanged. Some subdivision tracks with high prosperity in the next two years will also look for opportunities. "

Scattered layout, attack everywhere, to keep up with the rise of some strong markets, perhaps the fund manager for the current "net worth" to come up with the trick.

However, in fact, since the beginning of the year, the strongest should be commodities, I do not know whether this private equity firm has been on the "boat".

03

Dynamic configuration flow

In addition to the variety, transaction configuration, there are also tens of billions of private placement innovation.

For example, a $10 billion private equity firm set up in Beijing in 2021. The head of this private equity company has a background in insurance management and has a lot of fans in his early years.

However, one of the agency's leading products had a net worth of less than 0.8 yuan by the end of March 2024. Taking stock of the trend of this year, the decline in January is the same as that of the market in the same period. The increase in February failed to catch up with the rise of the market, and it is suspected that there has been a reduction in positions at the bottom.

Of course, given the dark clouds of market sentiment at that time, reducing the net worth of positions was a high-probability option for many investors-just as a big private equity firm, it was a bit of a "downside".

Fund managers reflect on the following in their latest communication with investors:

Short term3lbbassWe have reduced our positions in industries with high economic relevance, such as food and beverages, and reduced certain positions. But the strength of the post-holiday market did exceed our expectations.

The biggest challenge in the tactics of homeopathic control of positions is to misread the general trend. Of course, the beginning of the year is still short, and the fund manager still has many opportunities in the future.

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