Wen | the weekly "Finance world" weekly weekend
Edited | Sun Yue
(Source: Visual China)
Recently, the sudden death of Gao Shan, the actual controller of a well-known private equity fund, shocked the entire financial circle.
On February 8, news of the disappearance of private equity manager Gao Qian flooded the Internet, and subsequently, shanghai police confirmed that Gao Qian had drowned. It is reported that Takasugi disappeared while running on the night of January 10.
The Huanyi Fund, where Takasugi belongs, said that Takasugi died suddenly without any warning. "Finance and Economics" Weekly noted that after the beginning of the year, only two of the 48 products managed by Huanyi Fund were in positive returns.
At the same time, after the arrival of the Year of the Tiger, the private equity circle has also been somewhat "turbulent". Some small and medium-sized private equity companies have suffered the fate of liquidation, and the average income of the 94 10 billion private placements that disclosed their performance has also fallen to negative, of which the largest decline is nearly 15%. Among them, most of them are private placements with the highest growth rates in 2021.
The company responded to the sudden death of the head of the company
According to public information, Gao Shan has more than 16 years of experience in the securities industry, has worked in a number of public funds such as Taixin Fund and Shanghai Investment Morgan, and has managed a special account for enterprise annuities of 2 billion yuan of China Construction Bank, and the annuities managed have excellent performance. During the management of the enterprise annuity, he won the "Excellent Manager Award". In early 2021, he established Shanghai Huanyi Private Equity Fund Management Co., Ltd. (hereinafter referred to as "Huanyi Fund").
The relevant person in charge of the Huanyi Fund told the "Finance and Economics World" Weekly that there was no sign before Gao Shan's death, and he had a high reputation among his customer groups, and for the sudden death of Gao Yi, "We can't accept it until now, and now we are waiting for the further investigation results of the police." The person in charge said.
According to the private placement network, the registered capital of Huanyi Fund is 10 million yuan, the management scale is 2 billion yuan to 5 billion yuan, and there are 48 products in operation. The company's most recent year (February 26, 2021 to February 8, 2022) has a return of 38.29%, the CSI 300 is -13.64%, and the excess return of the EYI Fund is 60.13%.
(Source: Private Placement Network)
According to its official website, EYI Fund has formed an investment research team with investment directors as the core and more than ten people, focusing on key industries and fields such as large consumption, pharmaceutical and biological, military industry, TMT, new energy, nonferrous metals, chemicals, machinery, and convertible bonds.
According to Tianyan, Gao Shan holds 55% of the equity of the Huanyi Fund, while Gao Xianwei and Taizhou Ronge Enterprise Management Partnership (Limited Partnership) hold 26% and 19% of the equity of the Huanyi Fund respectively. The above-mentioned person in charge revealed to the "Finance world" weekly that their company is currently responsible for the second actual controller, Gao Xianwei.
It is worth noting that the investment director of the EYI Fund is Gao Shan, and what impact will the sudden death of Gao Shan have on the company scale of the EYI Fund? Huanyi Fund told Caijing Weekly that "this matter will not affect our own products, because the company currently has two fund managers, who will continue to be responsible for the company's products." In addition, our company's performance last year was still relatively good, but also because of the sudden disappearance of Gao Zong at that time, we carried out very strict control of the position, so we also escaped the big fall of the market before the Spring Festival. At the same time, he added, "Of course, some customers want to redeem, we also respect the wishes of customers, but also will waive their redemption fee, for our treatment, customers are also more satisfied." ”
Takasugi disappeared on January 10, 2022, and since 2022, the returns of THE FUND's products have been almost entirely green. According to the private placement network, since 2022, of the 48 products in operation of the EYI Fund, only two products have positive returns and 29 products with negative returns. Its representative product Huanyi Cycle Guanfu No. 2 has a revenue of -9.55% since 2022, while the CSI 300 is -7.62%.
Private equity funds have been hit
Since 2022, looking at the entire private equity market, life has not been good. Especially in the last week before the Spring Festival, most of the major indices fell, and the volume of transactions contracted significantly. Specifically, according to the data of the private placement network, the Hang Seng Technology Index surged by 9.86%, the Hang Seng Index fell by 5.67%, the CSI 500 plunged by 5.68%, the CSI 1000 Index fell by -5.63%, the Shanghai Composite Index fell by 4.57%, and the CSI 300 fell by 4.51%.
In this market environment, private equity funds have also encountered the darkest moment, especially small and medium-sized private equity companies, and private equity companies with a management scale of less than 500 million have already liquidated funds in advance.
The huge tens of billions of private placements have also not been spared. According to the data of the private placement network, as of February 7, the number of 10 billion private placements was 111. In terms of performance, since 2022, the average return of 94 10 billion private placements that have disclosed their performance is -4.32%, only 11 have obtained positive returns, and the rest are all floating losses.
Mr. Guo, a private equity fund practitioner, told Caijing Tianxia Weekly that since the beginning of the year, the rapid adjustment of institutional high-level heavy stocks, the direction of the market in the process of re-finding opportunities is not clear, the negative factors caused by the transaction aggravate market volatility, superimposed on the negative resonance of the global stock market decline, in this case, A shares are difficult to "stand alone".
The dismal private market is also reflected in the private equity practitioners, on February 10, the news of 150-200 million / month job buyer analysts in Khiva private fund managers came online, triggering discussion among netizens. As soon as the news came out, some netizens said: "This expected salary is also too low, is it too sad to be a private placement day now?" "Is the salary requirement so low?"
Where is the private equity industry headed? The above-mentioned Mr. Guo said that the future prosperity of the wealth management industry is still expected, although for the time being, the private equity market is not very sluggish, but in the long run, there is undoubtedly a huge potential in the wealth management industry.
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