Chapter 150: Industry Debut
"Very good, we got the lowest management fee standard in just one month. Keep it up." Although the three of them selected the stocks themselves, they did not make any mistakes in the operation. As pure newcomers, this is already very rare. The fund can achieve the current rate of return, and these three people have made a great contribution.
"It's mainly thanks to the boss. I wanted to reduce my holdings in Yin Zhijie last week." Xu Jianqing saw Gu Junhao asking Wang Ruoyu to reduce his holdings last Friday. At that time, Yin Zhijie's performance was also very average, so he also wanted to reduce his holdings. Thinking about it now, it's really a bit embarrassing.
It seems that I still need to learn. For the same poor performance, the boss can tell which types need to be reduced and which types can be retained.
Junshi No. 1 adopts a tiered charging method for management fees, with no management fees for amounts below 1, 2% for amounts between 1-1.2, 3% for amounts between 1.2-1.5, and 4% for amounts above 1.5; however, in addition to the normal management fees, an additional profit share is also charged for amounts above 1.5, 30% for amounts above 1.5 and below 2, and 50% for amounts above 2.
The management fee is actually not much, and the scale of the fund is not large. Relying solely on this is just to maintain the barely operating operation of Junshi Capital. What Gu Junhao really wants is to get the profit share after the net value reaches 1.5, which is equivalent to legally using the customer's funds to make money.
This profit is Gu Junhao's ultimate goal, which is to expand his network and enable the company to quickly realize profitability without having to keep subsidizing it himself. Even if the funds issued later are at a loss, they can last for a few years.
When signing the contract, customers not only had no objection to this part of the profit, but were very happy to see it happen.
"Everyone will have to work harder these days and need to work overtime. I will also be in the company. You can come to me if you have any problems." Gu Junhao said to the three people.
Today is the last day of June and also a Monday. The company will be busier than usual these days and it will be impossible to stay in the trading room all the time. Therefore, some matters regarding stocks will need to be decided and handled by the three of them on their own , and they will also need to work overtime.
"No problem, I love my job very much now." Xu Jianqing said loudly.
"Xiao Xu has been worn down by life. If anyone dared to ask him to work overtime before, he would definitely walk away in disdain. " Wang Ruoyu said to Xu Jianqing teasingly.
"Alas, there is nothing I can do. The boss gave me too much."
"Hahaha."
As we chatted and laughed, time came to 5:30. As usual, I took a look at the Dragon and Tiger list first. Yin Zhijie was still not on the Dragon and Tiger list. This stock was really magical. It always managed to find a bug. It showed how strong the main capital's control over the market was.
For such stocks, an 8 million yuan investment to build a position is already not low. If it is higher, it will most likely attract the attention of the main funds. If one day he carries out a continuous market cleanup, it will be hard to say what will happen.
The Dragon and Tiger list of HaiLanXin can be described as a meeting of hot money, with all kinds of hot money, big and small, gathered on the list. Xiahe Road in Xiamen, which had appeared on the Dragon and Tiger list of HaiLanXin many times before, appeared in the second place this time, with a net sale of 15 million yuan.
On the Dragon and Tiger List on June 18, Xiahe Road's net purchase was only around 6 million. It is obvious that it increased its holdings later. It is rare to be able to hold on for such a long time without cutting losses.
Hot money does not just trade in one-day markets. Those who only trade in one-day markets and are not eliminated by the market have extremely good control over the retracement rate. There are also many hot money like Xiahe Road who wait and buy at the bottom.
In later generations, there were even some hot money that would buy blue-chip stocks such as Maotai Liquor. They were able to adapt very quickly to changes in market style.
In a word, as long as the stock can make money quickly in the A-share market, no matter what its quality is, you can participate. The same is true for most retail investors. The stocks they buy are very complex and cover all walks of life.
Some stocks are even bought without being added to the watchlist. It’s just that retail investors’ ability to resist risks and their judgment of the market are not as mature as those of large speculators, so the probability of loss is greater.
"Hai Lan Xin's Dragon and Tiger List is really weird, with so many speculative institutions participating." Xu Jianqing sighed as he stood behind Gu Junhao and stared at the computer screen.
One after another, speculative financial institutions are like a revolving lantern, buying and selling for a large amount of money, and no one knows what the underlying logic behind the stock speculation is.
"There is no need for a reason for hype. There's nothing to see. You guys go ahead and do your work. I'm leaving." After saying this, Gu Junhao stood up and walked out of the trading room.
At the same time, Ren Yetao was also looking at the Dragon and Tiger List. Ren Yetao knew the data on the list very well. The only surprise was that the institution from last time did not appear, or was it that this institution still had locked positions today?
"It is also possible that the sale is being carried out at a price below 6 million." Lao Zhang reminded. Lao Zhang, the leader of the trading team, is very experienced and knows very well that the previous two purchases by Gu Junhao were both below 6 million.
Today, the fifth selling stock on the Dragon and Tiger list was sold for 6.89 million yuan. If it was sold at the amount of 6 million, it is really possible, but the probability of locking the position is also relatively high. Shanghai Lanxin did a good job in today's sentiment, and smart hot money would not clear all its positions today.
However, in Lao Zhang's opinion, this elusive institution will not bet heavily on HaiLanXin as Mr. Ren thinks. It is likely that it will only have a small base position.
There is actually no reason why Lao Zhang thinks so. It is just based on the intuition of a trader with rich market experience. However, Lao Zhang will not refute what Mr. Ren said. If he says there is a reason, then there is a reason.
After returning to the office, Gu Junhao first sent a message to Zhang Yiru, saying that he had to work overtime tonight and would be back late, and asked her to eat by herself.
In the past, Zhang Yiru would usually wait for Gu Junhao to come home and then they would have dinner together. Gu Junhao would also try to inform her as early as possible if he was not going home.
You can't let someone wait for you aimlessly. This is unfair to her and disrespectful to yourself.
"Boss, have you seen the private equity fund rankings?" Li Xinyu asked happily.
“Not yet, but our performance is good, so we should be able to rank in the top ten, right?” Junshi No. 1 should be the first to announce the net value of the fund this month, so I didn’t see the final ranking of private equity funds at that time.
The loss is due to one less week of trading, but with a monthly return of 15.26%, it should not be a problem to rank in the top ten. Just like the announcement of stock performance, those that announce their results first have good performance.
In addition to giving existing investors greater confidence, Gu Junhao also wanted to be more high-profile; being in the top 10 in three weeks is enough to attract the attention of the market and there is nothing to hide.
Be low-key in your work and low-key in your life; as long as everything you do is within the scope permitted by the rules, and there are so many investors, there is nothing to be afraid of.
"Well, we're ranked fifth. Except for the first place with a yield of over 20%, the second to fourth places are all less than 1% higher than us." As Gu Junhao's personal assistant, Li Xinyu paid attention to the changes in the fund's net value at the first time. After seeing the ranking, he became even more excited and announced it to everyone in the company's internal group in a very timely manner.
Ordinary employees don’t know what this means, but several senior executives who have experience in related industries were relieved to see this ranking. Now they just hope it will stay that way until the closed period ends, in which case the company’s survival conditions will be significantly improved.
"Let me take a look." Gu Junhao also opened the domestic private equity fund rankings with great interest. The first place had a monthly return of 21.10%, the second place 15.98%, the third place 15.72%, and the fourth place 15.35%.
I am the fifth one, but due to the market conditions, the top 10 performed well this month, all exceeding 10%. In the past few weeks, I was outside the top 50, but I didn’t expect to jump to fifth place all of a sudden.
With the official announcement of the monthly net value of Junshi No. 1 Fund and the final determination of the market ranking.
Junshi No. 1 also jumped from outside the top 50 among funds of similar size to fifth place, with the gap with the first place less than 5%.
"What the hell! Junshi No. 1? The fund manager graduated from high school? He was previously engaged in design in the R&D department of the company?"
"23 years old? I have no fund management experience except personal stock trading. Is the threshold for fund managers so low now?"
"Don't say that. Look at the curvature of his fund's net value. It's very steadily rising, and the drawdown rate is very small. His trading method is exactly the same as that of a regular institution."
"He was born in the grassroots, is young and energetic, and his technique is so steady. If you look at the other top 20 players, you can see that they are obviously inferior to him."
Among the top 20, many have relatively high drawdown rates and great ups and downs. If nothing unexpected happens, these fund projects will disappear in the vast sea of funds.
"He has something. He has built up his current business step by step. In the early stage, he used social media to expand his popularity, and then he established a private equity investment company. He has taken it step by step. Although it is a bit radical, it is also very solid."
"It's a pity that he didn't disclose his holdings, only his performance. However, judging from the name of his fund and the performance, he should be focusing on small and medium-sized growth stocks. Moreover, this fund manager is very capable of adjusting his holdings, so he didn't suffer any losses during the big drop."
Although Junshi No. 1 had been growing slowly before, due to its low ranking, no one would be interested in learning about this medium-sized company and its actual controller, except for investors and peers or fans who paid attention to Gu Junhao.
As for the investors and fans of Taoguba, they were naturally very happy to see this performance, which meant that their investment was continuing to grow, and they called "Mr. Gu" more affectionately.
As for the investors in Taoguba, they did not have any special feeling about this performance except for praising it. In their words, this was Brother T's basic operation.
In addition to investors and fans, the first monthly performance disclosure of Junshi No. 1 also allowed the domestic private equity investment community and even the entire domestic fund industry to get to know Gu Junhao for the first time.
This can be regarded as Gu Junhao's debut in the investment world. With a return rate of over 15% in less than a month, the result is not exaggerated, but definitely outstanding.
