Some say investors who don’t understand stocks should put their money in the hands of professionals. However, fund managers vary in quality, with good professionals consistently making profits while mediocre professionals can make them suffer heavy losses.
The latest data show that in recent January, 17 private equity funds net retreated by more than 30 percent. Among them, “Dong Jianpei Youzi” this private equity fund nearly January net retreated as high as 52.57%.
According to Pai Pai, there are 14,618 private equity funds at present, and “Dong Jianpei Youzi” has ranked 14,618 so far this year, which means it is ranked the last in the private equity industry.
Dong Jianpei Youzi’s fund manager is Cao Qiwei. Data show that private equity fund “Dong Jianpei Youzi” was founded in September 2017, with a cumulative return of -79.48%. This means, if you invest 1 million yuan when private placement fund holds water, at present principal is left only 205,200 yuan, lost 79.48 million yuan. (Note: the threshold of private investment is 1 million)
In addition to managing Dong Jianpei Youzhi, Chao also manages another private equity fund, Youzhi Shunying.
Established in July 2016, Youzi Shunying has a cumulative return of -21.35%. This means, if you invest 1 million yuan when private placement fund holds water, did not make money not only at present, still lose 213,500 yuan.
Although the public information cannot query the above two private equity fund shareholding list, but in the scale shareholder group, investors have expressed their views on this. Some users said that it may be related to the explosion of leverage, resulting in multiple losses. In other cases, the private equity fund bought stocks at high prices or undercut some individual stocks.
Another investor said, “for a purely managed private equity fund, if the position line is 0.8, then if the strictly stop loss at 0.8, the investor’s loss is 20%, but due to the risk of securities volatility caused by the liquidation, the loss may be greater than 20%”.
According to public records, Mr. Cao graduated from Peking University and held key positions at several well-known domestic and foreign financial institutions. He has more than 10 years of experience in the securities market and eight years of overseas investment experience.
According to Skyeye, Hefei Youzi Asset Management Co., Ltd. (hereinafter referred to as “Quality Asset”) was established on March 24, 2014, with 60% of the shares held by Cao Qiwei, and Quality Asset is also the fund manager and investment adviser of the above two private equity funds. In addition, Quality Assets holds 0.04% of the equity of Hanhai New Material (839776), a company listed on the New Third Board.