Yesterday, the college entrance examination curtain opened. As the bell rang for the end of the first subject of Chinese, this year’s college entrance examination composition topic became a hot topic in the streets and alleys. The topic of “master hand”, “wonderful hand” and “vulgar hand” in a national volume, especially attracted people’s discussion.
In fact, investment is also a chess game. The complex and deep V-style market environment since the beginning of this year has made the operations of private equity fund managers also differentiated! Fengyunjun would like to take this opportunity to play a game of these operations, which are “masters”, which are “excellent skills”, and which are “vulgar skills”!
“Master” – follow the rules and play steadily
The so-called “own move” is a formal move that is in line with chess logic. Follow the rules and play steadily. No matter how big the drop or how extreme the market sentiment is, you can face it calmly and operate according to the investment system. Although there was a net worth retracement during the period, with the recovery of market sentiment, the net worth can also be repaired very well.
Most fund managers fall into this category. One of the typical representatives should be Zhengyuan Liao Maolin. There is no other reason. After all, leveraged players bear more pressure from investors, channels, and even their own hearts when they withdraw. In addition, Genxi, which has rebounded very well recently, old-fashioned private equity Zhongou Ruibo, Conmander, Xiangju, Sanxi, etc. also belong to this category.
“Wonderful Hands” – Brilliant strokes make flowers, outperform the market
The so-called “smart hand” is an unexpected and subtle trick. Specific to this year’s investment operations, either reducing the position before the big drop, or adding a large position at the bottom, can be called a “smart hand”. This is typical of Danshu, Fusheng and Qingli. The methods are different, but they are all masterful.
Danshu belongs to the structure of the underlying assets, which is more accurate. Fusheng has a good grasp of the timing of adding positions. Basically, when everyone is hesitant, they directly call for full positions; the actual performance curve this year has indeed never fallen below the CSI 300. Qingli is even more characteristic: when the market falls, the warehouse is wet, and as soon as the market warms up, it will immediately drive. In this round, Fengyun Jun’s confidence in Liu Miao’s skill in “measurement of market temperature” has increased.
In addition, this year Suihan, Zhuang Xian, Huaan Hexin, etc., are also similar to Danshu. Through the investment of structured assets, they have achieved relatively admirable performance, and they are also classified in this category.
“Traditional hand” – deformed movement, damaged on both sides
The so-called “vulgar hand” originally means a ploy that seems reasonable, but is usually damaged from a global perspective. Corresponding to this year’s investment, the core is the deformation of the movement during the fall: one of the deformations is that at the bottom, the position has dropped sharply, and it has not even risen back up to now; the second is that the position is still maintained, but there is a very structural change. The big changes have caused all the declines in the early stage to be endured, but the gains in the later stage have not been enjoyed. This may be a typical “vulgar hand”.
As for the specific “vulgar hands” operation, Fengyunjun does not know what to say. Investors can summarize and reflect on the operation of the fund manager based on their own concerns.
A little idea, not necessarily right. But the guiding ideology behind it is absolutely no problem: there are too many things that can be reflected behind this deep V this year.
Do you have any “smart” operation cases? See you in the comments section!
#Shanghai Index stabilized at 3200, which funds have kept up with the pace of recovery? #
$ Fusheng Positive Energy No. 8 (P000831)$ $ Zhengyuan No. 1 (P000946)$ $ Danshu Iron Coupon No. 1 (P000586)$ $ Huaan Hexin Great Growth Phase 1 A (P001065) $ $ Genxi No. 1 ( P000998)$ $ Zhongou Ruibo Growth Strategy Phase I No. 1 (P000867)$ $ Conmand No. 003A Active Management (P001057) $ $ Zhuang Xian Rui Jin No. 2 (P001045) $ $ Qingli Changchuan (P666011) $ $ Sanxi Longquan No. 1(P000975)$
Risk warning: This article is only a personal opinion and does not constitute any investment advice.
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