Duan Yongping, a former entrepreneur, is now more likely to appear in the market as a senior value investor.
He is highly sought after on the mainland** forum, but there are many controversies:
Some people think that he is "extremely high-level", others think that he is "not enough", and some people even call him "famous".
To a large extent, this is related to the low-key "sinking" of his investment situation under the "water".
What can be confirmed by public information is that he is indeed worth a lot of money, and he has donated hundreds of millions of dollars to his alma mater.
But how big is his investment? Does he have a personal investment platform? What is his performance? None of them are known to outsiders.
A few years ago, there was an article in the overseas Chinese circle "The Mysterious Duan Yongping, I Am Afraid of the Real Richest Man in the Mainland", there were many speculations about the size of his wealth, but none of them were confirmed by public information.
And with more announcements**, these questions may be "revealed".
On Wall Street, the scale of management is tens of billions, which is already the scale of first-line hedge investment institutions.
But recently, there is an asset management institution managed by Chinese that has reached this scale level.
According to the disclosure information of the overseas ** regulator SEC: as of the end of the fourth quarter of 2023, an institution called H&H International Investment, LLC (hereinafter referred to as "H&H Investment") has the latest asset size of 144$57,This is equivalent to about 102.9 billion yuan.
And the owner of the company of this company, namedduan yong
Judging by the name, it is obviously Chinese.
According to the charging practice of overseas asset management institutions, the manager of this institution will obviously be an investment boss, or even a "top boss" in the industry.
So who is the "person" behind this company?
A multilingual investment agency inquiry** shows that H&H Investments is registered in California, USA, and has two employees.
Among them,The major shareholder is shown as Yongping Duan, which is the same pinyin as Duan Yongping's name.
Another person in the firm, Eric Hu, serves as the investment firm's chief compliance officer.
In addition to the "high proximity" between the above-mentioned major shareholders and Duan Yongping, the shareholding of relevant institutions also seems to be in line with Duan Yongping's speech and "taste" at the ** forum.
According to the relevant records, the latest holdings** of H&H Investment are:Apple, Berkshire, Google, Alibaba, Disney, Occidental Petroleum, Mordena, Joy Times, Bank of America, a total of nine**.
Among them, the market value of Apple's holdings accounts for 80% of H&H investment.
In addition, Berkshire, Google and Alibaba have respectively held shares. 7%。
Duan Yongping is a Chinese investment community, often mentioned **, which happens to involve Apple, Google, Alibaba, etc.
And his recognition of Buffett's (Berkshire's major shareholder) investment philosophy is also well known.
If it is estimated according to the historical record of H&H investment, if there is no frequent ** selling, the profit of this institution may be as high as tens of billions of yuan.
In addition, H&H Investments information appears on a number of Advisor platforms, and if there are no errors in this information, other details of H&H Investments can be glimpsed.
For example, Shishido has consulted several profiles about H&H Investment, and its clients range from two to seven.
According to the announcement information, as of the end of the fourth quarter of 2023, the asset scale of this institution is about 102.9 billion yuan.
Based on the volume of seven clients, the average asset size of H&H Investment's clients reaches 20US$700 million (14.7 billion yuan).
That's almost the level of ultra-high-net-worth clients.
You must know that according to the 2023 Forbes China Rich List, the net worth of the top 23 richest people is only more than $1 billion.
In addition, according to the relevant **, H&H Investment has adopted a fee model that is no less than that of Wall Street Hedging**, specifically there are three billing models:
One of them, up to 2Fixed management fee of 2% (depending on the size of the entrusted assets).In fact, many overseas hedging ** generally use "2% management fee + 20% back-end commission" as the billing model, and even quite some hedges** do not charge management fees, because it is becoming more and more difficult to win the market.Second, for qualified investors, 25% of the income above 3% will be provided
Third, 21% fixed management fee + 25% for profit part
Although the public information is highly similar to Duan Yongping, the exact relationship between him and H&H Investment has yet to be further confirmed.
From a historical point of view, Duan Yongping's sense of smell for the real economy and the investment market is extraordinary.
According to the data, he graduated from Zhejiang University with a major in wireless engineering and Chinese University in economics in his early years.
In the late 1980s, Duan Yongping worked as the factory director of Yihua Group in Zhongshan City, Guangdong, and helped the factory turn a profit within three years.
After that, he established BBK Company in Guangdong, and related products were highly favored and occupied a place on the business map in the era of reform and opening up.
In 2000, Duan Yongping began to transform from an entrepreneur to an investor, when NetEase landed on the U.S. stock market, and the founder Ding Lei once encountered operating pressure, and then the stock price continued to **.
At this time, Duan Yongping saw the opportunity, he believed that NetEase Games had unique competitiveness, and the market rumored that its ** operation profit was as high as 1 billion US dollars.
In 2005, Duan Yongping and another entrepreneur, Chen Mingyong, founded OPPO. The following year, he photographed Warren Buffett's luncheon for $600,000** and attended it with Huang Zheng, the founder of Pinduoduo.
After that, Duan Yongping retired bravely, moved to the United States, became a professional ** investor, and was active in the Chinese investment community.
If this institution is really related to him, then it is likely that he will be able to make such a large investment and outstanding performance.
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