As the concept of financial management is deeply rooted in the hearts of the people, more and more people are joining the investment army. Many novice investors do not know the investment situation very well. For example, is it good to raise a fund card? Such a question.

Is it a good thing for the fund to raise its name?

Data from the Private Equity Ranking Network shows that among the leading products in the performance of stock strategy private equity products in the first three quarters of this year, two unique brand-name funds managed by Guangdong New Value Investment Luo Weiguang, Zhuotai Sunshine, ranked No. 1 , Sunshine’s No. 1 performance was outstanding.

In the context of tightened supervision, it has been found that private equity institutions that were originally keen on raising cards and speculating on shells have begun to gradually withdraw from some shell companies. At the same time, their attitudes towards the media have also undergone subtle changes. Many people are reluctant to mention shell stocks anymore, which is far different from the previous situation where they spent huge sums of money to buy shell stocks and raised their cards in a high-profile manner. Industry insiders believe that the main reason behind this is that the regulatory environment has changed, and the arbitrage space for shell speculation has become smaller.

At the same time, there has been a delay in the injection of high-quality assets, and the pressure on customers is not small. Private equity believes that since the demand for shell resources is still strong, investing in shell stocks will still be a good business in the future, but attention must be paid to selecting high-quality targets to avoid regulatory risks.

Is raising a sign a good thing or a bad thing?

Publishing and speculating on shells is an obvious form of institutional arbitrage, which is not based on corporate value. From a regulatory perspective, this investment strategy may be severely impacted. However, some people in the industry said that if private equity can truly find shell stocks with investment value, there will still be greater room for profit in the future.

Judging from the current mainstream investment strategies of private equity, there are both value investments and speculative arbitrage. However, under the current market conditions, we want to find companies that are more reasonable in terms of valuation and growth. Enterprises are more difficult, so some private equity firms will seize gaming opportunities if they want to earn excess expected annualized returns. "The Chinese market provides this kind of institutional arbitrage opportunity. Some companies will perform better under the expectation of restructuring. It is understandable for private equity to adopt this strategy. It's just that we are valueists and are not very good at seizing such opportunities, so now we Take a break and do more research.”

A private equity person also reminded that this type of strategy may cause the net value of related products to fluctuate greatly. Some private equity investments tend to be more risky. From a customer perspective, Need to be treated with caution.