When it comes to private equity funds, most of my friends who invest around me have little knowledge, although the names of Rainbow, Yahweh, Zhao Danyang and Xu Xiang are familiar to everyone. Do we know which ones? The following are the matters that should be paid attention to when buying private equity funds introduced by Xiaobian _ The difference between private equity funds and Public Offering of Fund is for reference only, and I hope it will help you.
What should I pay attention to when buying private equity funds?
Like other wealth management products, private investment is also risky, so it is more suitable for high-net-worth people with certain risk tolerance and considerable investment funds.
Must have a certain risk tolerance.
According to the requirements of the new asset management regulations for qualified investors, the net assets of the company in the last 654.38+0 years are not less than 6.5438+0 million yuan, the net assets of family financial assets are not less than 3 million yuan, the family financial assets are not less than 5 million yuan, or the average annual income of the company in the last three years is not less than 4 million yuan. Therefore, we investors must meet these three points. First of all, you must be a qualified investor. Secondly, investors should have certain risk identification ability and tolerance. In addition, there must be enough investment funds.
Find out the "details" and "do what you can"
When investing in private equity funds, investors should "do what they can", judge whether they meet the investment standards of private equity funds according to their actual financial needs and the standards of qualified investors in private equity funds, and choose private equity products that match their risk tolerance. Legal private fund managers must be legally registered in China Fund Industry Association before they can raise funds from qualified investors.
Financial experts said that before buying private equity products, investors can learn more about fund managers and private equity institutions by logging in to the China Fund Industry Association network, and then buy private equity products through formal institutions. In addition, investors need to know the team, past performance, market reputation, integrity and compliance of private fund managers in detail, and then choose to buy private fund products after comprehensive judgment.
What is a private equity fund?
Private equity funds in a broad sense include private equity funds in addition to securities investment funds. In China's financial market, "private fund" or "underground fund" is usually a collective investment that is privately raised by specific investors, as opposed to the securities investment fund that is supervised by the competent department of China government and publicly issues beneficiary certificates to unspecified investors. There are basically two ways, one is a contractual collective investment fund based on signing the entrusted investment contract, and the other is a corporate collective investment fund based on * * * contributing shares to establish a joint-stock company.
At present, there are many kinds of private equity funds in the market, and many investors don't know how to choose. The following small series will teach you how to choose the right private equity fund.
First of all, look at whether it is legal and formal. If investors buy Gui Li-style private equity products, it means they may lose everything. Professional and formal private placement qualification can be verified through various channels, such as whether the private placement fund is a member of the fund industry association, whether it has publicly demonstrated its performance, whether the company boss is a formal source, whether the company has been established for more than 3 years, and so on. These are the minimum requirements. If the company has defects in these issues, investors had better stay away from them.
Second, look at historical performance. Although historical performance can't represent future investment income, it is enough to show its real investment ability. For example, in the past five years, did private equity outperform the peer average and the market most of the time? One of the key issues is the performance of historical retracement. If the largest retreat in history is within 15%, such private placement is very worthy of attention. Relatively speaking, it doesn't mean anything that private placement wins the performance champion, because many successful champions in the last year will face the fate of liquidation in the next year, so investors must pay attention to their maximum withdrawal rate when choosing private placement.
The third is to look at the scale. The data shows that the mortality rate of small-scale private placement is relatively high. If a small, established private equity company boasts about its performance, investors must be careful. Since the performance is so good, why haven't you done it for so long?
The fourth is to see whether the performance of its different products is reproducible. If the performance of a private product is uneven, you must be careful, because there is great moral hazard.
Finally, see the coil wire clearly. For most investors, setting up a liquidation line is actually a kind of protection for themselves. It is precisely because of the liquidation line that private placement will be more cautious and will not ignore risks for the benefit of Bo.
The Difference between Private Equity Fund and Public Offering of Fund
Simply put, it is "private fundraising in a small circle." Professional fund managers raise funds from specific investors, mainly investing in stocks, options, bonds, commodity futures and so on. In pursuit of returns, give back to investors.
According to the latest data released by Rong Zhi Rating Research Center, the A-share determination and belief index of hedge fund managers in China, Rong Zhi was 123.56 in September, up 9.02% from the previous month. Judging from the values of the determination and belief index, there has been an obvious rise and fall every other month in the last four months, and there is no obvious trend. Combined with the current position data, after nearly five months of adjustment, private placement began to hold a more optimistic position on the market in September.
Judging from the position of private placement, the average position of stock strategy private placement fund at present is 7 1.98%, compared with 7 1.92% in the same period of last month, which is basically the same as last month, but still at the high level in the last two years.
As for the distribution of specific positions, the survey results show that at present, 19.73% of private placements are in Man Cang, down 1 percentage point from last month. However, the number of private equity funds with high positions is still at a high level, of which 87.76% are in 50% or above positions, especially the number of private equity funds with more than 80% positions still accounts for more than 50%. On the whole, after five consecutive months of adjustment, the market's adaptability to negative trends has been enhanced, and it is optimistic about the market situation before the National Day.
The question is: What is the difference between private placement and public offering?
Difference 1: Different fundraising methods.
As the name implies, the so-called public offering is public offering, and "private offering" corresponds to "public offering", so private offering is to raise funds through non-public offering. According to the law, the private placement of Sunshine is not allowed to be made public. If you see a private equity fund posting posters on the street or in the food market, it is illegal!
Difference 2: the goal and the threshold are not the same.
There is a folk saying that "people buy stocks with high flame". Shares here refer to publicly issued funds. The target of public offering is the general public. The number of people is not limited, and there is basically no investment threshold.
However, in the circle of high net worth people, there is also a saying that "one million starts to buy a good foundation". In fact, the target of private placement is a small number of qualified investors (financial assets of 3 million or average annual income of more than 500,000 in the last three years), and each fund has an upper limit on the number of people; The investment threshold is above 654.38+0 million.