Funds set up by investors to raise funds shall be sold and redeemed by fund managers through private talks with investors.
It was negotiated.
Private equity funds have the following advantages:
1. Since private equity funds are raised from a few specific targets, their investment targets may be more.
Targeted, it is more like an investment service product tailored for customers, which can better meet the special investment of customers.
Capital requirements.
2. Because the government has different regulatory requirements for private equity funds, private equity funds will invest more.
Flexible.
3. Private equity funds don't have to disclose detailed investment portfolios on a regular basis like Public Offering of Fund, so their investments.
Capital is more hidden and the income may be higher.
Private equity funds also have some shortcomings:
1. Due to the imperfect information disclosure of private equity funds, it is not conducive to the protection of the interests of fund holders.
Although private equity funds may get better returns, they also involve greater risks.
According to relevant data, a major feature of hedge funds is that their investment strategies are absolutely confidential. Except fund managers.
Introduce the basic operation and previous return on investment to investors orally. , without prior or
After the event, the specific situation is revealed, such as which market or aspect to speculate on, and investors invest in hedge funds.
It can be said that it is entirely out of trust in fund managers. Therefore, there is a bigger private equity fund.
Agency risk.
2. Due to imperfect information disclosure and less government supervision, private equity funds cannot be completely.
Avoid illegal activities such as insider trading and market manipulation of private equity funds, which may affect capital in serious cases.
The overall stability of this market.
At present, if the private equity fund is launched in China, it will have a far-reaching impact on the fund industry and the securities market in China.
Far-reaching influence. For the existing fund management companies, this is both an opportunity and a challenge. A party
On the other hand, the introduction of private equity funds has increased the variety of funds, and the business of fund management companies will be expanded; in addition
On the one hand, the introduction of private equity funds, other qualified institutions such as investment consulting companies can also.
As a fund manager, this undoubtedly increased the competition in the fund industry. But in any case, the promotion of private equity funds
The biggest beneficiary of the development of China's fund industry should be fund investors.
Three, the development of private equity funds should pay attention to the problem
First of all, if we want to develop private equity funds, the guiding ideology should be gradual, and we must never start from scratch.
Go too far.
Secondly, there should be strict restrictions on the management subjects of private equity funds to maximize them.
Preventing management risks before fund management also makes the management of private equity funds have a good market order.
Third, strictly limit the qualifications of investors. The characteristics of private equity funds require maturity and qualification.
Investors make investors mature enough to invest in private equity funds and undertake private equity funds.
Risk. When we say mature, we must at least have a certain capital scale and a rational investment concept.
At present, the introduction of private equity funds must have stricter legal provisions, such as for private equity funds.
The minimum investment limit of investors should be greatly increased.
Finally, there should be specific regulations on information disclosure of private equity funds to prevent private equity funds from escaping from Public Offering of Fund.
Despite the emergence of a large number of private funds.