The purchase process of private equity needs to be very careful. After all, private placement itself still has certain risks. Therefore, Bian Xiao specially brought private equity to everyone, hoping to help everyone.
Private placement moves down to stocks. Buy privately.
In May, the average stock position of private equity funds fell to 62.57%, a sharp drop of 10.65 percentage points from the previous month, which was also the second consecutive month that private equity reduced its position. At the same time, the performance of private placement products has also been adjusted back, and the average income during the year has shrunk to about 15%. However, private placement is not pessimistic about the market, and it is believed that the current A-shares are more flexible, and certain opportunities can be tapped on the basis of controlling positions.
How to treat private equity holding?
1. You can check the shareholding of private equity funds through some formal disclosure websites. For example, Tian Tian Fund Network, Good Buy Fund Network, Love Fund Network and Private Equity Network. But everyone should understand that these available positions are outdated information, and the fund will only disclose the positions in quarterly, semi-annual and annual reports. Has the following disadvantages:
Disadvantages 1: timeliness is not high.
Disadvantage 2: Private equity funds are generally small in scale and cannot squeeze into the top ten shareholders.
Disadvantage 3: it is very troublesome to turn over the annual report one by one.
2. It can also be inferred from the trading volume through special stock data software, but this data is confidential, and the use is charged. It is only speculation and not reliable.
The concept of private equity funds and stocks
Private equity funds are funds raised by private individuals or directly from specific groups. The corresponding Public Offering of Fund is Public Offering of Fund. People usually say that funds are mainly mutual funds, that is, securities investment funds.
Stock is a kind of valuable securities, which is a stock certificate issued by a joint-stock company to investors when raising capital, representing the ownership of the joint-stock company by its holders (that is, shareholders). Buying stocks is also a part of buying a company's business, which can develop and grow together with the enterprise.
What are the characteristics of private equity fund filing?
1, implement registration after the event and carry out self-discipline management in the industry. The self-discipline management of private equity funds takes information disclosure as the core and honesty and trustworthiness as the basis. First, the registration of private equity funds is not an administrative license, and the fund industry association does not conduct substantive prior review of the registration materials provided by private equity fund managers. The private equity fund manager promises to bear legal responsibility for the authenticity, accuracy and completeness of the information provided; Second, the fund industry association will publicize the basic information of managers, funds and employees and accept social supervision. If the public finds that fund managers provide false information or violate laws and regulations, they can report complaints to fund industry associations by telephone, fax, mail and letter. The association will take self-discipline measures for acts that violate self-discipline rules such as providing false information. If the circumstances are serious or suspected of violating the law, it will be handed over to the CSRC for handling; The third is to establish the credit files of private fund managers and their employees, track and record their credit information, and establish the credit system of private fund industry.
2. Full-caliber registration and electronic submission. The Measures require managers of private equity funds to register with fund industry associations, and private equity funds should go through filing procedures. In order to simplify the process and improve the efficiency of registration and filing, the Association has developed a private equity fund registration and filing system, in which fund managers submit and update private equity fund managers' registration, fund filing and employee information through the Internet.
Six Risks of Private Equity Investment
For the majority of private equity investors, the most alarming private equity risks can be divided into six categories:
(A) the risk of opaque information
Because private equity funds do not have strict information disclosure requirements, information opacity is the biggest risk of private equity funds. Investment planning, fund allocation, project tracking management and all other processes involving investment operation management may have insufficient information disclosure.
(2) Investors' ability to resist risks is low.
The reason why many investors participate in private equity investment is to value the high returns of private equity funds, but high returns also correspond to high risks. Many investors do not have the corresponding ability to resist risks, so investment should focus on the risks of such private equity funds.
(C) the ability of fund managers is uneven
Due to the lack of strict industry access standards, there are obvious differences in fund managers' home page power, industry status and market recognition. In the same market environment, some fund managers can bring benefits to investors with accurate investment, while some fund managers may cause losses to investors.
(D) Higher moral hazard
Fund projects are generally established in the form of partnership. However, due to professional, geographical and time constraints, investors can not effectively supervise and manage the project, so moral hazard is also a private equity risk that investors often encounter.
(e) Risk of lack of professionalism in project financing
Project financing generally requires high practical experience and professional ability, but some private fund managers or management teams are not competent enough to effectively monitor and manage project financing.
(6) Risks of illegally absorbing public deposits
Some private equity funds will attract investors to participate in investment by deliberately exaggerating income and concealing projects, and these private placements are likely to illegally absorb public deposits.