Watchdog Fortune has the answer for you.

Domestic private equity funds have developed rapidly, but the overall performance of private equity has fluctuated greatly.

From 2009 to 2013, 22 of the 50 sunshine private equity products that once ranked in the top ten ranked in the bottom 50% in the second year, and 10 of them even ranked in the bottom 10%.

When there are thousands of private equity fund products, investment strategies are diverse and difficult to understand, and performance is extremely unstable, the advantages of choosing multi-manager funds are reflected.

The emergence of multi-manager funds has to a certain extent solved the problem of increasing difficulty in investor selection due to the increasing number of fund products. At the same time, this type of product meets the needs of investors to further diversify their investments and reduce risks. Therefore, they have developed rapidly since their inception.