Original Title: Quantitative private equity performance has rebounded, and it is still trapped in a crisis of trust!Will it usher in a large shuffle?
Since the beginning of this year, domestic quantitative private equity performance has encountered a round of severe retracement. The averaged investment of head quantitative spirit has been suspended, which has attracted strong market attention.
On February 23, Lingjun Investment resumed the Shenzhen Stock Exchange and the Shanghai Stock Exchanges stock transactions.Although the transaction restrictions are terminated, the storms of the average investment and quantitative industries are obviously not subsided.
Brokerage Chinese reporters try to contact Ling average to invest in their latest business situation, but the relevant person in charge of the other party did not respond.
Earlier the next morning after being punished by the Shanghai and Shenzhen Exchange, Lingjun Investment said on the official micro announcement that it was taken by the Shanghai and Shenzhen Exchange to take restrictions on trading measures,The company resolutely obeys.The company attaches great importance to the problems existing in product transactions, and has conducted in -depth introspection and review.The company also emphasizes that the next step will be learned from profound lessons, more seriously study relevant laws and regulations and trading rules, effectively enhance the awareness of compliance, and strictly control the transaction progress, transaction constraints, and control of trading rhythm through improving the trading model to ensure that all transactions are in the transaction.The process is smooth, balanced transactions, effectively safeguard the order of normal market transactions, and fully protect the legitimate rights and interests of investors.
"Since last year, the head quantified private placement has formed a reporting and communication mechanism with the regulatory authorities. How much such problems occur are a bit surprising. In our opinion,The punishment of Lingjun Investment should be an example, but it has undoubtedly sounded the alarm for the entire industry. Everyone should be considered to further improve the awareness of compliance. "A large quantitative private equity leader told a reporter from the broker.
In the industrys opinion, this time Lingjun investing is punished, or it has a negative impact on its business.
"This must be divided into several cases analysis: if it is already on the brokerage shelves but not sold, such an emergency will re -evaluate;The sales period will be suspended; for those who have been sold, the average solution to communicate the spirit, and then make a corresponding communication explanation with the customer. "Some person in charge of the brokerage business department pointed out.
A head broker wealth manager said that Lingjun Investment is a transaction -type punishment this time, not a major problem in its investment itself, but it may affect the agencies at the time of the agency.New hair in and product.Now that everyone is more concerned about how the existing customers transition steadily, they need to do a good job of customer comfort and explanation, and do not cause large -scale redemption.Another large channel person said that the company is still discussing the treatment plan for Lingjun investment, and there is no conclusion at present.
Chinese reporters from the securities firm learned from the relevant channels that domestic private equity agencies have stepped up, including targeted strategic adjustment and channel maintenance, all of which are being advanced.The market rebound after the holiday also warmed the performance of the injured quantitative product.
"Including spirituality, the quantitative products we sell have a significant retreat in this wave.The market liquidity has rebounded, and the net value of the product has also been restored. "Sales manager of a securities management department in Beijing said.
statistics show that since February 8th, the Wan De Microdium Index has continued to rebound from a low point of 615.64 points.45.9%.Under the short -term strong pull, individual quantitative multi -headed products have repaired "loss", net worth rolling, and quantitative neutral products have a significant rebound, but most of them refer to the number of products in the year of the product.
"We have run 5 quantitative companies after the festival."Most of them.Even so, after the Spring Festival holiday, the department employees also ran to many quantitative institutions to investigate on the spot, learn more about the risk control measures of quantitative institutions, and listen to the interpretation of quantitative institutions and the next step of countermeasures.
A quantitative private equity person said that the entire company after the festival is in a state of high tension.Explain and communicate with channels and customers, hoping that channels and customers will maintain a certain force under such a large retracement situation and strive to restore net worth at an early date.
Affected by factors such as market style changes, the performance of mainstream stocks, which are increased and neutral, have fell on the festival. Recently, rumors of huge losses in quantitative private equity in the market have continued.Judging from the understanding of Chinese reporters from the brokerage firm, the large retracement is mainly concentrated on the quantitative DMA products with leverage. Behind these products are mostly quantitative private equity self -employed funds and some ultra -high net worth customers.However, the overall retracement of foreign products for agency categories is still within the controllable range.
The sudden performance changes the face, which can be said to allow quantitative investment to encounter a crisis of trust.In the past few years, the retrograde performance of quantitative products was once considered to be the last myth of the asset management industry, and celebrities were quantified into the altar.Today, myths are shattered, trust needs to be rebuilt. While the industry has suffered short -term pain, a large shuffle may begin.
Under the pressure of performance fluctuations and redemption, the most intuitive impact on quantification is reduced scale.According to the data provided by the media before, as of the end of 2023, the net scale of quantitative private equity funds was 870 billion yuan, and the market value of 660 billion yuan was held.If the quantitative scale of about 300 billion yuan is added, the total domestic quantitative investment scale is nearly 1.2 trillion yuan at the end of last year.Chinese reporters reporters in the industry recently found that the latest scale of various private equity has decreased compared with the end of last year, and some were even close to 30%.
The trend of continuous inflowing of incremental funds that maintains many years may change.Some people in the industry said that now, it is difficult to increase the channels of head brokers to large quantification, especially the quantitative institutions participating in DMA.There are two two reasons: one is that there are too many negatives such institutions; the other is that this years performance is very poor, and the channels of channels and performances cannot be evaluated.In terms of agency sales this year, securities firms are mainly low -risk products.
Affected by this, the business strategy of quantitative private equity is facing phased transformation.In the investigation of Chinese reporters in securities firms, some quantitative private equity reports will reduce the raising planning of the broad -based product line and put more energy on investment research and risk control upgrades.Further innovation in the product and match market demand.Refers to increasing product lines to increase the layout of product layout for 300 Shanghai -Shenzhen -Shenzhen -Shenzhen fingers.Risk control to reduce leverage and improve the ability to adapt to market fluctuations.
From a longer -term perspective, many people in the industry expect that the industry may have a large shuffle."The quantitative industry has continued since last year, and this time the entire industry retracement has exposed many problems. Some self -operated and high -risk exposure of quantitative private equity losses are serious. Among them, there are some well -known companies.When it is difficult and some may even dissolve, new changes will occur in the future industry structure. "A large quantitative private equity person in East China said.
