First, the essence of the four is different:

1. The essence of trust: trust is a financial management method, a special property management system and legal behavior, and also a financial system. Trust, banking, insurance and securities together constitute a modern financial system. Trust business is a legal act based on credit, which generally involves three parties, namely, the trustor who invests in credit, the trustee who is trusted by others and the beneficiary who benefits from others.

2. The essence of the asset management plan: managed by professional investors (brokers/fund subsidiaries). It is an innovative financial service product developed by a securities company/fund subsidiary for high-end customers, and it is an asset invested in equity or fixed-income investment products agreed in the product.

3. The essence of fund: refers to a certain amount of fund established for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The funds mentioned now mainly refer to securities investment funds.

4. The essence of private equity funds: refers to securities investment funds that raise funds from specific investors in a non-public way and invest in specific objects. Private equity funds are raised by means other than mass communication, and promoters set up investment funds to invest in securities by collecting funds from non-public multi-subjects.

Second, four different positioning:

1. Positioning of trust: Trust is an act that the trustor entrusts his property rights to the trustee based on his trust in the trustee, and the trustee manages and disposes in his own name for the benefit of the beneficiary or for a specific purpose.

2. Positioning of asset management plan: The collective asset management plan has a certain private nature, and its target groups are mostly middle and high-end customers. The unrestricted pool plan set up by the brokerage firm accepts no less than 654.38+10,000 yuan from a single customer, and the restricted pool financial plan set up accepts no less than 50,000 yuan from a single customer.

3. Positioning of the fund: the fund is a public wealth management product and a public offering product.

4. Positioning of private equity funds: Private equity funds are raised through non-public offering, and the target of raising is a few specific investors, including institutions and individuals.

Three, four different investment risks:

1. Trust investment risk: low risk. Due to the independence of the trust property, there is no legal flaw in the establishment of the trust property, which can resist the litigation of the third party during the trust period and ensure that the trust property is not infringed, thus making the trust system have the risk avoidance function that other economic systems do not have.

2. Investment risk of the asset management plan: the risk is low, because the asset management plan has the function of dispersing risks. There are many kinds of closed-end funds that can be invested in the collective asset management plan, and the choice of a single customer is narrow, so there is no guarantee that there will be a certain maturity income.

3. Investment risk of the fund: Investing in hedge funds can increase the diversity of the portfolio, and investors can reduce the overall risk exposure of the portfolio. Hedge fund managers use specific trading strategies and tools to reduce market risk and obtain risk-adjusted returns, which is consistent with investors' expected risk level.

The return of an ideal hedge fund has nothing to do with the market index. Although "hedging" is a means to reduce investment risks, hedge funds, like all other investments, cannot completely avoid risks.

4. Investment risk of private equity funds: Private equity investment is accompanied by high risks. Equity investment usually needs to go through several years of investment cycle, and because it is invested in developing or growing enterprises, the development risk of the invested enterprises themselves is very high. If the invested enterprise ends in bankruptcy, the private equity fund may lose all its money.

Baidu encyclopedia-trust

Baidu Encyclopedia-Collective Asset Management Plan

Baidu encyclopedia-fund

Baidu encyclopedia-private equity fund