Under the drastic adjustment of the market, it is no longer an exception for private equity products to hit the warning and stop-loss lines.
According to data, in the market where the public offering of ** two cents and three cents has been launched one after another, the net value of some private placement products is less than a dime, and there are only three points, two points, or even only one point.
As of February 1, the net value of a private placement ** unit named "Wotian No. 101" was only 0012 yuan. Since the beginning of 2024, the product's revenue has plummeted by 8812%。
According to other data, as of January 26, the net value of Zhiyou Investment's product "Zhiyou Growth No. 1" has only 0015 yuan, of which the net value fell by 44 in less than a month this year44%。During the same period, the net value of Qianhai Lize's product "Lize Stable No. 2" was only 00319 yuan; The net value of "Worm Capital - Flexible Allocation" under Tianworm Capital is only 0079 yuan. As of February 2, the net value of "Hongfeng Asset Growth Selection No. 2" under Hongfeng Asset Management was 0026 yuan; The net value of "Oriental Hengrun Runfeng No. 1" under Oriental Hengrun is 0051 yuan; The net value of Yangxiang Investment's "Yangxiang Phase III" is only 00809 yuan.
Data from third-party platforms shows that at least 891 of the private equity products that have had a net value update since January 26 are less than 0The traditional early warning line of 8 yuan, at least 554 private equity products, the unit net value has been lower than the traditional liquidation line of 0$7.
Many well-known private equity management products face the situation of hitting the warning line and the stop loss line.
Taking Banxia Investment at the helm of Li Bei as an example, as early as January 8, due to the large fluctuations in the market, the net value of Banxia Yongtai Macro No. 2 Private Placement **Investment** was 08455, which is lower than the early warning line agreed in the contract 085。The relevant terms of the contract are: **The early warning line is**net value of the share 0.85 yuan. If the net value of ** shares on T day is higher than the stop loss line and not higher than the warning line, the ** manager shall remind all ** share holders of the risk by means of communication such as ** and SMS within 2 working days after T day. Judging from the date of the signature of the announcement, it is January 10 this year.
According to another source, the net value of the company's macro hedging series of No. 1 Class B, No. 1 Class C, and No. 2 Class B products has recently touched the warning line.
In the tens of billions of private placements, Infore Capital and Lerui Assets have individual product net value recently touched the warning line.
A medium-sized private equity manager in South China told reporters that although most of the company's products have not set stop-loss lines and early warning lines, the recent pressure on channel amount customers is still very large, mainly due to the sharp increase in customer complaints caused by the sharp adjustment of the market net value. According to its understanding, among private equity institutions, a new round of negotiations with channels and investors to reduce or cancel management fees, revise or cancel the net worth warning line and stop loss line is emerging.
As things stand, it may be difficult for some investors to buy it. The above-mentioned person said.
*: Finance Associated Press).