Surprisingly, tens of billions of private equity also stepped on thunder?
Source: Securities Industry Review
On the early subway, the trapped expert unexpectedly received a screenshot of a private equity “stepping on thunder”. Although connoisseurs often laugh at themselves for “being a song to leeks”, when they saw the name of this family, they actually dropped their glasses…
Fell by 20% in a week
The screenshot content shows that this private equity product is called “Shifeng Asset Daqiao No. 1”. In the five trading days from February 22 to February 26, its unit net value fell from 2.8130 to 2.2890, a decrease of -18.63%.
Let’s look at the performance of the Shanghai Stock Exchange Index during the same time period. It dropped from 3,696.17 points at the close of February 19 to 3,509.08 points at the close of February 26, a decrease of 5.06%.
In other words, the drop of this private equity product is equivalent to 3.56 times that of the broader market in the same period.
What product did you buy after such a big drop? Experts searched the top ten shareholders and top ten tradable shareholders of the entire market, but did not find their positions.
Newly promoted tens of billions list
According to information from the China Foundation Association, Shanghai Shifeng Asset Management Co., Ltd. (abbreviated as: Shifeng Assets) was established in July 2015, and the China Foundation Association’s filing was completed the following month. The company has a registered capital of 10 million yuan and its current scale exceeds 10 billion yuan. (Respond to[Ten Billion List]to check the details)
What makes experts worry about is the chance of this tens of billions of private equity.
Past data shows that Shi Feng’s assets were newly added to the 10 billion list in October 2020, and the scale has rapidly increased since then. As of the end of 2019, Shifeng Assets ranked 46th with a management scale of up to 15 billion yuan. “Adjacent” to it are two quantitative private equity-Shenzhen Kaifeng Investment Management Co., Ltd. (abbreviated as: Kaifeng Investment) and Shanghai Yanfu Investment Management Co., Ltd. (abbreviated as: Yanfu Investment).
Experts noticed that Shifeng Assets has 133 registered products. Among them, Shi Feng Assets Daqiao No. 1 Private Equity Securities Investment Fund (abbreviation: Daqiao No. 1) was established in September 2018.
However, this product currently has a monthly report and an annual report “should be disclosed but not disclosed.”
The founder’s legendary past
The shareholders of Shi Feng Assets are two natural persons-Cui Hongjian holds 55% and Guo Feng holds 45%.
Judging from the past resumes, both of them are from brokerage firms, and their previous experiences are somewhat “legendary.”
Cui Hongjian served briefly in the Organization Department of Shandong Province in his early years; in 2002, he startedGuotai JunanToMinsheng BankThe Shanghai branch returned to Guotai Junan. In April 2007, he joined the Xincheng Fund as an assistant fund manager. Since July 2010, he has served as the head of the stock investment department of Ping An Asset Management in April 2015. He founded Shi Feng Assets at the first stop of his selfishness.
Guo Feng’s “political” qualifications are longer. He served as a deputy chief officer in the Ministry of Foreign Affairs for five years. After his “going to the sea” in 2005, he successively worked at the British Commodity Research Institute, Lehman Brothers (Asia), Quam Fund, and CLSA; from January 2013 to June 2016, he also served as the Shanghai branch of Donghai Asset Management General manager. After resignation, he joined Shi Feng Assets.
Matchmaking for private equity
Although brokers are paying more and more attention to cooperation with private equity, there is too little public information in the market and it is difficult to determine whether it is true.
On the other hand, for small and medium-sized private equity firms that are pursuing rapid growth, how to find brokerage outlets with high “gold content” and worthy of cooperation is also a headache.
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