According to the news from several private sales channels, the company is a tens of billions of quantitative private placements located in East China, and its expansion has been fierce in the past two years. Many products were established at the high point of the stage and were seriously injured this year.
Since the beginning of this year, it is not just the above companies that have been troubled by their performance. The net product values of alluvial assets, Shifeng assets, Hefu Investment, Oriental Harbor, Dunhe Asset Management and many other tens of billions of private placements have all issued early warning announcements. However, it is worth mentioning that in early June, 5438+February, the existing quantitative private placement quickly increased its position in Man Cang after its net product value was higher than the warning line, and the situation of increasing its position was more urgent.
By the end of the year, many stars have gone private and seen more market conditions. Ningquan Assets said that as the stock continued to fall, it became more and more attractive. At present, more declines are creating better opportunities for future profits; Xia Junjie, Renqiao Assets, believes that many factors affecting the market have undergone major changes. Facing the market on the right, he will face it with a more positive attitude; Xingshi Investment also said that the current market valuation is at a low level, the early risks have been fully released, the stock market is cost-effective, and the bottom reversal conditions are brewing.
10 billion quantitative private equity products hit the warning line.
According to the reporter of Cailian, on June 5438+February 19, a certain10 billion quantitative private placement reduced its position because the product hit the warning line.
According to a number of bank and brokerage channel sources, this East China10 billion quantitative private placement had a quantitative stock selection product hit the warning line in April this year. At that time, the company said that it would control the positions of related products.
According to the contract, the early warning line of the above-mentioned quantitative stock selection products is 0.7 yuan, and the stop loss line is 0.6 yuan. If the warning line is touched, the cash position of related products will increase to more than 50% (inclusive) until the net value of fund shares is greater than the warning line; Touching the stop loss line, non-cash assets are irreversibly realized and enter the liquidation procedure.
According to the updated net value data of the third-party platform, during the week from 65438+February 12 to 65438+February 16, the profit-increasing products of the Shanghai and Shenzhen 300 Index, the profit-increasing products of the CSI 500 Index, the profit-increasing products of the CSI 1000 Index and the quantitative long-term products of well-known quantitative private placement were almost wiped out, and the net value of the products was almost wiped out.
In terms of subjective private placement, except for the products of Shen Zhi Assets, which achieved a positive return of 0. 13% in the week, the net product value of most other well-known private placement institutions declined to varying degrees. Among them, capital headed by Dong and Jiyuan assets headed by Ren are the most important products. The net value of related products decreased by 5.08% and 7.78% respectively last week.
During this year, many tens of billions of private equity products touched the warning line.
In fact, since the beginning of this year, many tens of billions of dollars of private products have reached the warning line.
1June1June, the net value of the second-phase product of Alluvial Growth Optimization No.5, the champion of 10 billion private equity income in 202 1, has reached the warning line of 0.80 yuan, which is 0.7995 yuan, and there is still a long way to go from the stop-loss line of 0.70 yuan. According to the affected assets, according to the fund contract and market conditions, the relevant products are operated and warned.
Shifeng Assets, which won the/kloc-0.00 billion private equity champion in 2020, can't escape the "champion curse", and its performance in 20021and 2022 is relatively mediocre. The data shows that the average yield of products of Shifeng Assets is only -2.38% at 202 1, ranking 72nd among the 88 billion private placements with performance. Since 2022, the average yield of the company's products has only recorded -24.23%.
Not only that, on March 7 this year, the A/B/C period of Shifeng Assets 18 also hit the warning line of 0.85 yuan, and the estimated net value was lower than the warning line agreed in the contract. At that time, the position of this series of products has been reduced to about 20%. Considering the continuous downside risks in the short-term market and the current low net value, Shifeng Assets said that the company will strive to repair the net value without touching the stop loss line. At the same time, in order to facilitate investors to know the operation performance of products in time, the net value of products that meet the custody review will be changed from Zhou Du disclosure to daily disclosure.
In late August, Shan Bin's three products, Dongfang Gang Fiona Fang 1, Dongfang Gang Fiona Fang 2 and Dongfang Gang Fiona Fang, issued announcements that touched the warning line of 0.8 yuan. The products that hit the warning line this time were three private equity funds that were questioned by the consignment channel in June because of "missing the rebound of A shares, but the US stocks in jiacang suffered a sharp drop and the net value of private equity products retreated", which aroused public concern.
At the beginning of March, 10 billion private equity Dunhe Asset Management released the interim announcement of Dunhe System Multi-strategy Connection No.6 private equity investment fund, saying that the fund had touched the warning line of 0.75 yuan, but had not yet touched the stop loss line. Dunhe Asset Management said that because the net asset value of the fund is affected by the market price of the target position, the net asset value of the fund may fluctuate under the warning line in the near future and may touch the warning line many times. The Company will continue to implement risk management in strict accordance with the early warning mechanism agreed in the fund contract.
On February 1 1, the "Hefu Flexible Hedging No.9 A Private Equity Fund" invested by Shanghai Hefu reached the warning line. Subsequently, He Fu Investment apologized to investors. In view of the recent large fluctuations in products, Hefu Investment has adjusted the management fee of related products to 0% since February 8, and decided not to charge management fees for this product in the future until it returns to the net value of 1. At the same time, Hefu Investment has invested 5 million yuan in the parent fund of this product with its own funds on February 10.
A number of stars privately voiced that the market will obviously improve next year.
Although many private placement products faced large losses during the year, at the current point, many star private placements have seen more market conditions.
A banker in South China said that in early June, 5438+February, the existing quantitative private placement quickly increased its position in Man Cang after its net value was higher than the warning line. It is different from the attitude of waiting for the net value of products to rise after the net value is higher than the warning line and then cautiously adding positions. This position is urgent.
A product of Ningquan Assets, headed by Yang Dong, a well-known private equity tycoon, which was established in the third quarter, recently disclosed the operation report of 1 1. As of the end of 1 1, the equity position of this product is 40%. After mid-September, we increased our buying efforts, mainly adding positions in finance, food and beverage, medicine and tourism, and the net value remained stable.
"The political and economic situation at home and abroad is still complicated, and how the development of the situation will eventually evolve. At present, most of them are still full of variables, which are still difficult to see clearly and can only be closely watched. " According to the aforementioned monthly report, most investment decisions are made in the face of various uncertainties in the future. When the market is pessimistic, the final confidence depends on the long-term fundamentals, development prospects and valuation level of individual stocks.
Ningquan Assets said that as the stock continued to fall, it became more and more attractive. At present, more declines are creating better opportunities for future profits. The company's attitude is gradually positive, and it continues to buy high-quality stocks that have been optimistic for a long time, and gradually increases product positions. In order to realize future benefits, we need to endure certain downward fluctuations.
The company expects a significant improvement in the market next year. "The market is maturing. I'm afraid it's hard to expect the market to turn into a rapidly rising market immediately after bottoming out. The process of grinding the bottom may be more difficult and the market will be more complicated. "
"Unconsciously, the window period of the left layout has been closed, and the market immediately enters the deductive stage on the right. In this fall and rise, the market completed an ultimate stress test, and finally a rainbow appeared after the storm. " Xia Junjie, Renqiao Assets, pointed out in his monthly opinion that looking into the future, he believed that many factors affecting the market had undergone major changes, and this change was a trend. Therefore, facing the market on the right, he will still face and screen with a more positive attitude.
Xingshi Investment also said that the current market valuation is at a low level, the early risks have been fully released, and the stock market is cost-effective. The recent intensive epidemic prevention and favorable real estate policies have increased the certainty for future economic recovery. On the whole, the bottom reversal condition is brewing.