The monthly fund report disclosed by Baiyue Capital official website shows that it has already set foot in the investment in encryption field. In the monthly fund reports of 202 1 and 1, Baiyue Capital mentioned that its investment in cryptocurrency has achieved good returns, but did not disclose the proportion in its portfolio. In the strategy at that time, investing in cryptocurrency not only has a good long-term return, but also can moderately diversify its portfolio, because the correlation coefficient between cryptocurrency and other assets in the portfolio is very low.
It was not until March, 20021year that the proportion of combination in encryption field was disclosed to be 9. 1%, which increased to the highest 10.2% in April and decreased to 4.9% in May. By August 2022, there are 3.6% encrypted assets in the portfolio.
In the fund monthly report in April 2022, Baiyue Capital reviewed the Luna crash, analyzed the possibility of the collapse of stable currencies such as USDT, and indicated that under proper supervision, cryptocurrency would be accepted by institutional investors and have great growth potential, and expressed a long-term and firm optimistic view on the cryptocurrency field. This may be the original intention of White Capital to take over Huobi.
PANews inquired about its monthly fund report in August, showing that Baiyue Capital's current fund assets are $52 million. People can't help wondering how such a management scale can swallow fire money. Earlier, market news said that the valuation of fire coins in Li Lin's hands was 2-3 billion US dollars, and the transaction was at least 654.38+0 billion US dollars.
In fact, behind White's capital is the shadow of China's top private Lin Jing assets with a scale of 100 billion.
According to information from official website and official website, the partners of White Capital are Chen Haodong and Shan Liming. Chen Yihua is responsible for formulating the company's development goals and strategies, as well as major investment decisions. He has more than 20 years of experience in the financial investment industry. He is the founding partner of Lin Jing Asset Management Company, and established its Hong Kong company and operation department. Before joining White Capital, Shan Liming was the fund manager of Shanghai Shenwan Lingxin Fund, responsible for managing the investment in the A-share market.
Lin Jing Asset Management Company, founded by Chen Yihua, is now a well-known private placement in China, and it is also one of the earliest private placements focusing on US stocks in China. Due to the development of China Stock Exchange, it has gained great profits. Although the news of apologizing to the channel for poor performance has been on the hot search recently, according to the relevant data inquired by PANews, as of August this year, the overall cumulative income of Lin Jing Assets Company since 2006 has reached as high as 17.5 times, and its performance last year suffered from the flagship product "SZITIC Lin Jing Steady Securities" before Waterloo, and Lin Jing Assets has always been a "god-like existence" in the industry, with its performance comparable to Buffett's.
Founder of Jiang Assets, he has served as manager of Treasury and Futures Department of Shenzhen Stock Exchange, assistant to President of Guosen Securities, and chairman of Guangdong Securities (Hong Kong). He graduated from graduate department of China People's Bank with a master's degree. The chairman and legal representative is Gao Bin. Gao Bin used to be the chief clerk, deputy director and director of the market supervision department of China Securities Regulatory Commission, the inspector of China Securities Regulatory Commission in Shenzhen Stock Exchange, the assistant general manager, party committee member and executive deputy general manager of China Securities Depository and Clearing Corporation, and concurrently the general manager of China Securities Depository and Clearing Corporation Shanghai Branch.
It is said that Li Lin refused some money circles and chose the one with the cleanest background. Judging from the assets of White Capital and its potential related party Lin Jing, this is indeed a quality buyer.
Li Lin, the founder of Huobi, said in an official announcement: "After withdrawing from the Chinese mainland market at the end of 20021,our global development path is full of challenges. Huobi Global urgently needs shareholders with more international resources and global vision to lead Huobi to start the next journey. We believe that White capital can bring new impetus to the globalization of Huobi. "