Chapter 262 Warmth in the Cold
The winter weather cannot resist the hot capital market, and the private equity fund rankings that are updated regularly every week are naturally a hot topic for investors after dinner on the days when the market is closed.
Since its establishment in June, Junshi Growth Hybrid Fund No. 1 has truly lived up to its name. In less than six months, Junshi No. 1 has been moving forward with a high profile since it topped the list with its strong performance.
The current net asset value return of more than three times makes investors feel even more intuitive.
"In less than half a year, from 40 million to 125 million, it's really amazing!"
“Is there some inside information? This net asset value curve looks fake. There is basically no drawdown.”
"Who said there wasn't any? It retreated in a few weeks."
"Compared to a three-fold return, is that a drawdown? I think you're kidding me."
"Is this the legendary venture capital? I mean the people who invested in Junshi No. 1. After the closed period is over , they will definitely double their profits."
"Brother T is still too early to launch the fund. If it is launched at the end of this month, based on the performance of Junshi No. 1, the scale of Junshi No. 2 will be more than 500 million."
"Is there a possibility that Brother T controls the scale of Junshi No. 2 at 500 million? You know, it was sold out in less than a day."
"Junshi No. 2 is not bad either. It made over 40 million in three weeks. Has Brother T completed his position?"
"I think the position has been almost completed. The trading volume has been quite high recently."
"Hey, I really want to know what Brother T has built up. Just follow the trend and lie flat. Brother T never cheats people. How much has Tong Huashun increased?"
"Isn't the guy above putting the cart before the horse? You can just follow Feng Tong Huashun."
"Tonghuashun has already hit a new high this year, who would dare to buy it? The crash on Wednesday might have been a sell-off; Junshi No. 2 is different, it has just been opened up, if you know the specific stocks held, you can definitely follow suit."
"What the above person said is correct. The stocks that Brother T just opened when the delivery orders were publicly issued basically doubled their returns. If you knew the holdings of Junshi No. 2, you could definitely follow suit, but first you have to hold on to it."
"Hey, Brother T is also a weirdo. Those who left Taoguba are actually doing medium and long-term investment. I have never seen Brother T appear on the Dragon and Tiger List."
“I beg Junshi No. 2 to disclose its holdings.”
"+1!"
In Hangzhou, after helping his children with their homework, Cao Wenxun sat next to his wife and took out his mobile phone as usual.
"What's going on? Junshi No. 1 has increased so much?" Cao Wenxun returned to Hangzhou and refreshed the latest private equity fund list while accompanying his family.
Within a week, the return was as high as 13.6%, and the profit scale was as high as 15 million yuan. In terms of the profit amount alone, it was close to three-quarters of Junshi II's profit.
This was particularly shocking for Cao Wenxun, who had been in the trading room but did not know the specific holdings of Junshi No. 1. Looking at the net value of Junshi No. 2, which was above 1.08, it was also very good.
The performance of Junshi No. 2 was as expected by himself. Dongfang Wealth and Zhongguo Communications Construction performed well, and the Yellow River Securities, which he operated, also rose sharply in the last two trading days .
"The new company is so powerful? What's its background?" Hearing her husband's exclamation, Cao Wenxun's wife also leaned over.
Cao Wenxun's wife is a history teacher. She usually helps Cao Wenxun with his operations. She doesn't know much about stocks, even less than the average stock investor. However, as she is ranked first, she still knows how powerful it is.
"Yeah, kids nowadays are so amazing." Cao Wenxun said with a wry smile.
The children that Cao Wenxun was referring to were Wang Ruoyu and Liu Tingting. They were in the same trading room, and Cao Wenxun was able to contact them in real time.
Within a week, the fund's performance soared so much, but the two were able to remain calm and act as if nothing had happened. This ability is well beyond the novice stage.
And this was only half a year into his career. When Cao Wenxun thought about his performance in the past six months and how happy he was to get a daily limit, he found it difficult to accept it.
"Kid? What do you mean? Are you talking about the boss of your company?"
"Not only him, the traders are also very young, around 24 or 25 years old, they are just kids."
Cao Wenxun is almost 40 years old, 19 years older than Gu Junhao, the youngest person in the company. He is also a generation older than Xu Jianqing and others. In his eyes, Gu Junhao and others are indeed like children.
"Young people today are really amazing. They can achieve such results at such a young age. You have to work hard, otherwise you will be beaten on the beach by these younger generations."
"Yes, otherwise we will have no food to eat in a few years." Cao Wenxun also said with a wry smile.
In fact, what he is most curious about now is Junshi No. 1's holdings. To be able to achieve such an increase in just a week, there must be some hot stocks in the current market among its holdings.
The sectors with the largest gains last week were undoubtedly Internet finance, software and information. Judging from the configuration of Junshi No. 2, Junshi No. 1 must have holdings of Dongfang Wealth.
"Could it be that the warehouse is full of Dongfang's wealth?" Cao Wenxun thought to himself.
However, he immediately denied this idea. Although Gu Junhao's previous series of operations were all fully invested, that was only under the condition of small funds.
Judging from this week's contact and the holding style of Junshi No. 2, Gu Junhao is still a very stable person. Combined with the previous net value curve analysis of Junshi No. 1, it is impossible for Gu Junhao to fully invest in Dongfang Wealth.
This also made Cao Wenxun feel itchy; they were in the same room, but he didn't know the specific holdings of Junshi No. 1, so he couldn't follow the trend; asking directly would definitely not work, as the trust had not reached that level yet, and Cao Wenxun still understood this rule.
"No, I have to find out which stocks have risen sharply this week and then analyze them." Cao Wenxun was a little impatient. After saying something to his wife, he walked towards the study.
…
"It's incomparable, it's incomparable. With this kind of return, I really want to send you to learn." Staring at the net value of Junshi No. 1 which was over 3, Wang Chao said to Shi Xin with a wry smile.
Although Henghua No. 1 has good returns, most of them come from Dongfang Wealth, which followed suit. When Wang Chao thought of this, he felt even more uncomfortable.
"Haha, it's not impossible. Mr. Gu and I get along quite well." Shi Xin said with a smile. Since the two of them exchanged contact information, they would chat on WeChat from time to time.
However, Shi Xin was just joking about joining Junshi Capital. It is better to have your own style than to learn other people's styles.
My brother-in-law is just too obsessed with rankings. As long as the fund's returns go up, he will naturally be able to issue new funds steadily and reap more profits. The Henghua series of funds will not stop charging management fees if they are making losses.
“Perhaps this is the ideal of the previous generation.”
As time goes by, the returns of Junshi series of funds are fermenting in the market. The threefold return of Junshi No. 1 in half a year is enough to shock people. Countless people in the industry and ordinary investors are discussing Junshi Capital.
Just like all industries that chase highs and sell lows, the same is true in the financial market; half a year later, with Junshi No. 2's three weeks of stable returns, voices questioning Gu Junhao have become rare on social media.
This week, the small and medium-sized start-up sectors surged, and there were many short-term investment opportunities. Ren Yetao's fund also performed very well. This weekend, Ren Yetao rarely did not ask Xu Yan about Junshi No. 2's holdings.
This also made Xu Yan breathe a sigh of relief; to be honest, ever since Ren Yetao suddenly appeared in Beicang last time, Xu Yan has been a little afraid of the arrival of the weekend. The feeling of being forced to sell out company secrets is really unpleasant.
Fear of the weekend directly led to Xu Yan not taking a rest for the second week in a row, but working overtime in the company; perhaps, only work could numb himself.
The two-day weekend passed quickly, and Gu Junhao stayed at home for two days without going out. Perhaps because of malnutrition in his previous life, Gu Junhao was particularly afraid of the cold in winter, and it was the same last year.
In winter, Gu Junhao puts on his winter clothes earlier than most people, but in spring, he takes off his winter clothes later than others. Instead of going out wearing heavy clothes, he would rather stay at home.
However, compared to last year, Gu Junhao's conditions are much better today. The new house is decorated with floor heating. He takes the elevator directly to the underground parking lot. After entering the company, there is also central air conditioning.
In terms of quality of life, Gu Junhao has basically recovered to the level of his previous life; Gu Junhao, who occasionally has wild thoughts when staying at home, can't help but think of the thoughts he had when he was just reborn.
"It seems like he really is here to help alleviate poverty. This kid must have been a very good person in his previous life."
When he was daydreaming, Gu Junhao would summarize his past and present lives and make comparisons; compared with being a retail investor in his previous life, Gu Junhao's contribution to society in this life is much greater.
The establishment of the private equity company and the investment in Berning Auto Parts not only solved some employment problems, but also played a certain role in generating local tax revenue.
A private equity fund in the form of a limited liability company needs to pay a lot of taxes. In addition to the normal value-added tax, corporate income tax and stamp duty, personal income tax is also a big expense.
Due to the uniqueness of the financial industry, the total salary is much higher than that of other industries, so the amount reflected in personal income tax is a considerable figure.
Currently, the personal income tax of all employees of Junshi Capital is withheld by the company. In addition, after the two funds are redeemed, a part of the taxes including personal income tax will also have to be paid.
The tax system is too complicated, and Gu Junhao himself actually can't figure out what specific items are involved. Fortunately, the company has very professional and reliable finance, otherwise the taxation alone would be enough to give Gu Junhao a headache.
As for donations to welfare homes, Gu Junhao did not include them in his calculations; in Gu Junhao's opinion, establishing a company, bringing certain benefits to employees, and increasing local tax revenue are far more impor
