The performance in the first half of the year was sluggish. According to the relevant public information, Jiu Kun responded to the rumor of huge losses: 40% of the loss of US dollar leveraged funds was mainly due to excessive cash withdrawal and market value exposure. Financial Association News 17 February, a private overseas product suffered huge losses, pointing directly at Jiukun Asia Pacific Quantitative Hedge Fund. The performance in the first half of the year has been declining.