This article was originally sent yesterday evening.
China Securities Regulatory Commission: Recently, the media reported that the actual controller of Zhejiang Ruifengda Asset Management Co., Ltd. "ran away", which attracted the attention of all parties. I will attach great importance to it, act quickly, and organize the China Securities Regulatory Bureau, the Asset Management Association and other relevant units to carry out verification. Judging from the current situation, Ruifengda Company is suspected of a number of violations of laws and regulations, and I will decide to file a case for investigation and strictly deal with it in accordance with the law. The association has reported the situation to the public security organs and other authorities to strengthen coordination and cooperation. In the next step, we will work with relevant parties to actively and steadily promote risk disposal, maintain market order, and effectively protect the legitimate rights and interests of investors.
Comment: This matter has a very bad karma. According to the private placement network, Ruifengda's fund "Ruifengda Shirui No. 1" has a return of 795.43% in 2.1 years since its establishment, with an annualized rate of return of more than 191.25%, which is such a brilliant performance that is sought after by qualified investors.
However, behind this performance are the speculation or high-priced takeover of extremely illiquid NEEQ stocks, including Wei Fu Chi, Hao Tian Energy Storage, Agrosmith Technology, and Jia Tianjian, etc., which soared by about 400%, 900%, 460%, and 340% respectively after the entry of private equity funds, resulting in an inflated net value of the fund.
When the fund holder wants to redeem and cash out, the inflated stock price is not accepted, the fund cannot be sold, and naturally it cannot cope with the redemption, and the manager runs away. As for whether the related party sells the stock to the fund at a high price, transferring the fund assets to the related party in disguise? It is still necessary for the CSRC to investigate and reach a conclusion.
This incident reminds fund investors not to be tempted by the seemingly high returns, but to recognize the investment strategy adopted by the high yield fund and choose a reasonable strategy to invest in the fund that matches their own risk tolerance.
For the views and principles of this article, please refer to "Value Convertible Bond Investment Strategy" (authors: Ning Yuanjun, Tang Bin).
"How many revisions! "2 convertible bonds are proposed to be revised downward, and 6 convertible bonds are about to be satisfied" and "1 convertible bond is added to the redemption list" has been posted simultaneously on the WeChat public account, welcome to pay attention!
The relevant securities mentioned in this article do not constitute any investment advice, only for personal investment records and to share investment ideas, if netizens buy and sell according to the securities mentioned in the article, please bear your own risk!
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