China Times (www.chinatimes.net.cn) reporter Song Jie chen feng reported in Beijing
E Fund Manager Zhang Kun's capital scale exceeded 125.5 billion yuan, becoming the first "100 billion coffee" in the 23-year history of public funds, and he also became a new "public fundraising brother" by relying on the outstanding performance of "E Fangda Small and Medium Cap" for 5 years and 427.05%, pressing a number of stars to appear on the hot search, and even had a fan base "ikun", becoming the top of the fund circle. During the same period, 7 of the more flexible private equity funds have earned more than E Fangda mid-cap in the past 5 years.
The maximum return is twice that of Zhang Kun
Zhang Kun manages a total of 5 products, and the highest revenue is his famous E Fangda small and medium cap. In September 2012, Zhang Kun took over the E Fangda small and medium-cap so far, the return rate has reached 792.66%, the return on investment in the past five years is 427.05%, and the increase of the CSI 300 in the same period is 83.4%.
According to the private placement ranking network, as of the beginning of January, the range data is relatively more flexible, and 15 funds have yielded more than E Fangda mid-cap in the past 5 years. Generally speaking, private equity products will receive 20% of the income as a reward, so if private equity investors want to exceed Zhang Kun's income, the return will reach 533.81% in 5 years. As a result, there are only 7 private equity funds with the ability to suppress Zhang Kun.
The 7 funds belong to 7 private placements, of which 5 belong to the same equity strategy as E Fangda Mid and Mid Cap, and the other two are compound strategies.
The yield is Wanfang Asset's compound strategy fund "Wanfang Steady Progress No. 1", with a return of 1792.93% in the past 5 years, which is more than twice the income of E Fangda's small and mid-cap.
Wanfang Wenjin No. 1 has been unknown for many years, and has twice experienced a retracement of about 30%, and the turning point is that in the second half of 2019, the fund income suddenly began to exert force, directly soaring, and the net value exceeded 24 in September 2020. That is to say, most of the money earned by this fund in the 5 years of establishment is earned in this year and a half.
Tianyan's investigation shows that Wanfang Assets was established in November 2015. According to the information on the official website of the China Foundation Association, the actual controller of Wanfang Assets is Qian Wei, who switched to securities investment after 8 years as a lawyer, and only joined Wanfang Assets in 2018.
Qian Wei is known as a practical private investment master, and his investment system is to conduct in-depth fundamental research on the industry and individual stocks, and superimpose individual stock options and stock index futures to hedge the risk of fluctuations.
3 earn more than 15 times
Three of the 7 funds have returned more than 15 times, and the runner-up is Saiya Capital's "Saiya Growth No. 1", with a yield of 1652.16% in 5 years, which is also the highest return of 5-year equity strategy private equity funds. Luo Weidong, chairman and investment director of Saiya Capital, said in an exclusive interview with the China Times reporter that the fund's portfolio was finalized at the end of 2015, only fine-tuned after opening a position, and has not been traded for more than 4 years since 2017, during which no market rises and falls, circuit breakers, stock crashes and various fluctuations, zero hands to achieve ultra-high returns.
Luo Weidong said that we should be good at discovering great enterprises in the future in advance, invest money in it at an early stage, grow with enterprises, become great together, and help investors obtain more certain returns.
Another fund with a return of more than 15 times is the No. 1 fund of Nanfang Haihui, which has less than 100 million yuan under management, and only 4 funds are currently in operation, and the other 3 are established in 2020.
Among the 7 funds, 6 of them have a flat return at the beginning of operation, and during the period, they have broken through from a certain node, and only the "Huayin Deyang Fund" of the mutual fund has achieved high returns since its operation in 2015, and has maintained a high level for 5 years.
The fund's manager is Ding Yang, who was a private equity champion during the 2015 stock market crash. It is worth noting that the fund is the only one of the 7 products with negative returns this year, and it is also the highest drawdown in history, reaching a loss of 71.92% in December 2016.
It is worth noting that the latest net value of Nanfang Haihui No. 1 and Huayin Deyang Fund has fallen below 1, while its cumulative net value is 23 and 5 respectively, and both funds have paid dividends.
Zhao Yuanyuan, investment director of Jianhong Times, told the "China Times" reporter that some funds will dividend and divide profits when the performance is good, so that the net value will drop below 1 when the market falls.
Heavy profiteering track
Two of the above-mentioned funds have entered the list of the top ten shareholders of listed companies.
The revenue of The New Zhida Growth No. 1 is 638.28%, which is a sharp increase in revenue since 2019, which is related to its heavy position of Tongce Medical (600763. SH) share price take off at a similar time.
Tongce Medical is the first listed company in China to take oral medical chain operation as the main model, which is in the dental track of huge profits, the performance has been hanging all the way, and the trend of the secondary market is as stable as Maotai.
The fund entered the list of the top ten shareholders of Tongce Medical in the fourth quarter of 2018, when the amount of funds bought was less than 200 million. As of the third quarterly report disclosed last year, the fund is still the company's ninth largest shareholder, holding 3.18 million shares, and the market value of the position has reached nearly 700 million yuan. Judging by the company's current stock price, if the fund is still in it, earnings have risen more than 5 times in more than two years.
Ranked 6th, the revenue of "Oriental Like" was 579.88%, and last year's third quarter report showed that it was the largest office chair manufacturer in China, Henglin Shares (603661. SH) is the top ten circulating shareholders.
Affected by the continuous impact of the overseas epidemic, overseas countries have opened a normal office mode of working from home, and since the second quarter of 2020, the demand for office chairs and other products has increased significantly, and henglin shares' cross-border e-commerce orders have grown rapidly. On the evening of January 27, Henglin announced that it expects net profit in 2020 to be 360 million yuan to 380 million yuan, an increase of 47.91% -56.12% year-on-year.
The private equity firm yuyi assets owned by Oriental Like holds a total of 1.57 million shares in the company, and at the same time, the 10 billion quantitative private equity investment is also in the company's shareholder list.
In addition, Oriental Like also withdrew from Saturday (002291. SZ), Liande Equipment (300545. SZ), Sky Arrow Technology (002977. SZ) is the top ten circulating shareholders.
Editor: Yan Hui Editor-in-chief: Xia Shencha