Chapter 375: Becoming one of the top five shareholders
"Well, after this week, the fund is basically back on track. We have gotten through the most difficult beginning. Thank you all for your hard work."
At the review meeting after today's closing, Gu Junhao breathed a sigh of relief. The requirements for public fund positions and the uncontrollable subscription amount are the most difficult to deal with.
Although I am not a rookie, even though I have lived two lives, this is my first time to come into contact with the specific operating model of public funds. The complicated regulations alone are enough to overwhelm me.
Gu Junhao has been under a lot of pressure recently. This model of announcing the net value every day is actually similar to the model he used to post the delivery notes on Taogu Bar.
However, nowadays, both the amount of capital and mentality are completely different from the past. Even if you failed in Taoguba before, the worst that could happen was to delete the post and leave, and at most you would be laughed at by others.
At worst, you can be like that Deng X person in your previous life who sold his stocks at a loss and be responsible for being the funny guy in Taogu Bar. It is also a way out.
But it is not the same when becoming a fund manager; fortunately, Gu Junhao and his team overcame the market and psychology, and achieved a return of more than 10% in two weeks of trading, which can be said to be a dream start.
"It's not hard. We have learned a lot in the past half month. The boss is also very caring to me. Thank you very much!" The one who answered Gu Junhao was the employee who participated in the internal competition, named Liu Mengmeng.
It's a very feminine name, but he is a tall guy with a height of 182cm, 25 years old this year. He also graduated from a finance-related major, but he worked in the investment research department before.
The Investment Research Department is a subordinate department of Junshi Capital after the Fund Business Department was reorganized into the Investment Division. It is responsible for research work. However, just like Xu Jianqing had a dream of becoming a hot money investor, he was not interested in doing research work, but wanted to become a trader.
This time, Liu Mengmeng seized the opportunity of Junshi Fund's first internal competition and became a trader at Junshi Price Investment, which can be regarded as a preliminary realization of her dream.
"Don't be modest. You have performed well in the past two months. Have a good rest on the weekend, and you will get the rewards you deserve." Gu Junhao said with a smile.
Liu Mengmeng had no experience as a trader before. In order to prevent mistakes in his work, Gu Junhao did give him a lot of guidance during the trading process over the past half month.
Currently, the amount of funds is limited, and Gu Junhao can still rely on some memory fragments of his previous life and his own analysis to decide what stocks to hold. However, when the funds increase to a certain level, he will no longer be able to do so.
There is no fund manager who sits in the office all the time. Even if it is just for show, Gu Junhao will definitely go to some listed companies for research. So after renting a new venue at the beginning of last year, Gu Junhao reorganized the company.
The investment research department must exist regardless of their analysis and whether Gu Junhao uses it or not; otherwise, the stock god who sits in the office all day will really be sliced and studied.
Junshi Capital and Junshi Fund currently work in the same office building. Although they belong to two different companies, they generally use the same team.
However, there are some differences in terms of ownership. For example, the social security and wages of Gu Junhao, Liu Tingting and Mengmeng are all transferred to Junshi Fund.
This model is quite common in Ningbo. Junshi No. 2 has a customer who is just like this: one team has two companies and operates in the same factory.
One company is engaged in R&D and specific sales business, and another company is engaged in production. Some senior executives are from the same team to save labor costs.
Gu Junhao was still learning about the operating model of Junshi Capital and Junshi Fund from this client, and for this purpose he also asked him a lot of knowledge about management companies.
Although they belong to different industries, the company's operating model is generally desirable, and these are one of the benefits brought by the personal connections established by Gu Junhao through the issuance of private equity.
There are many invisible benefits of this, such as when handling certain procedures or wanting to meet with people in a certain industry, everyone can get convenience.
The smooth and rapid establishment of Junshi Fund this time also brought a lot of convenience in terms of personal connections and resources, but unfortunately, Gu Junhao still doesn't have many friends in the fund circle.
Although his current colleagues are not as repulsive to Gu Junhao as they were at the beginning, they are still somewhat reluctant to deal with him.
One is that most of the fund managers in the same field graduated from prestigious universities, and they are naturally disdainful of people like Gu Junhao who come from a non-local background.
What’s more, the two private equity funds of Junshi Group do not operate according to common sense. They do not charge management fees if they suffer losses, but their performance is very good, which makes people even more unhappy.
Fortunately, Gu Junhao of the public fund company did not do so, otherwise he would have offended a large number of his peers in the public fund company. However, even if Gu Junhao wanted to operate the public fund in a way that it did not charge management fees even if it incurred losses, there would probably be no Junshi Price Investment Fund.
If Gu Junhao really succeeds, many people's jobs will be ruined. Even without the intervention of the higher-ups, everyone will destroy this fund.
Another thing is that Gu Junhao is really too young. Whether in private equity or public equity, everyone is at least Gu Junhao's uncle. It is somewhat awkward to deal with such a junior with outstanding performance.
I can't compare in performance, age, or popularity, so I just don't want to do business with him.
The trend created by the unique mechanism of A-shares is that, generally speaking, within a month, most individual stocks and indexes can only rise for about half a month at most, which is already considered a very good market situation.
The third week of trading in March has passed. Although the index has broken through the pressure level of 2,900 points, the pressure at 3,000 points still exists.
On March 21, the Shanghai Composite Index surged 2.15%, officially breaking through the 3,000-point mark to 3,018.80 points. After seven consecutive positive daily trends, it officially broke through the 60-day line, and the adjustment officially began.
Since then, within the four trading days of this week, the index has adjusted downward along the 60-day line, with two negative and two positive trends in four trading days.
As of this Friday, the Shanghai Composite Index closed at 2979.43 points, with a weekly increase of only 0.81%. Although it still holds the 60-day line, it has fallen below the 5-day line.
The 3000 point position is very stressful and it is not so easy to break through.
In principle, Gu Junhao still views the remaining trading days of this month as adjustments, not to mention that we are about to enter the concentrated pre-disclosure market for annual reports.
The annual report and quarterly report quotation periods have always been the hardest hit areas for black swans in the A-share market, and every year there are always some unlucky people who step on the landmines.
The current macro-economy is not that bad, and there are relatively fewer thunders. When the economic environment changes, especially in the three years after 2019, there will be thunders everywhere.
From an investment perspective, during the period when companies are releasing their earnings, Gu Junhao is reluctant to touch stocks that he has not touched or traded before.
I don't know much about the trends , performance expectations and fundamentals, and it's easy to step on a landmine if I'm not careful, which is somewhat not worth it.
After the transaction ended on March 25 , Longji Green Energy Technology Co., Ltd. officially released its 2015 annual report, with full-year revenue increasing by 61.60% and net profit attributable to the listed company increasing by 77.25%.
The net profit after deducting non-operating items increased by as much as 96.16% . With such rapid growth and a series of operations, its leading position in the industry has begun to emerge.
As of March 25, the share price of Longji Green Energy Technology Co., Ltd. was 12.12 yuan. The floating profit of Longji Green Energy Technology Co., Ltd. that Gu Junhao transferred from his personal account to the proprietary trading account had reached 14.33%, which was a good harvest.
Also disclosed along with the annual report performance are the changes in the top ten shareholders and the top ten circulating shareholders. Among them, except for the families of the top three actual controllers, which have remained unchanged, there have been new changes in the fourth to sixth places.
The fourth place is still Huijin, and its shareholding ratio has not changed at 2.31%, while the previous fifth largest circulating shareholder, Zhengjin, has disappeared!
As for the original largest circulating shareholder Gu Junhao, he also disappeared. However, due to the liquidation of Securities Investment Fund, Gu Junhao's holdings were changed to Junshi Capital Co., Ltd.
In addition, Junshi Capital Co., Ltd. rose to fifth place with a shareholding of 1.54%!
Li Ze, who has a full position in Longji Shares, cares more about the annual report of Longji Shares than anyone else. His position of 900 lots has been untied and he is currently making a profit of 8.6%.
The reason why I pay so much attention to this annual report is that I want to see whether Brother T has cleared his holdings. If Brother T has cleared his holdings, then Li Ze has also decided to clear his holdings and run away.
At first glance, Li Ze was shocked to find that Gu Junhao was not among the top ten shareholders.
After carefully observing it, Li Ze suddenly remembered: "Fuck, isn't this Junshi Capital Co., Ltd. Brother T's company? He actually increased his holdings! Haha!"
"Look guys, Brother T not only didn't sell, but he increased his position. Haha, then I won't sell either. Let's rush in, there must be more market momentum later."
"I see. I just found out that Gu Junhao's name was not there and I thought Brother T had run away. It seems that even if Brother T becomes a public fund manager, he doesn't want to give up Longji shares. It's a good idea to transfer the holdings to the company."
"The national team actually secretly sold 1.6% of the shares. That's amazing. It looks like they cleared out their positions at a high level again. It's a good profit."
"Brother T's operation is quite brazen, haha, he actually transferred it to the company, but in fact he is still operating it himself."
Although this is the annual report for 2015, the top ten shareholders and the number of shareholders were at the end of last month, which coincided with the time when Gu Junhao transferred his shares to Junshi Capital's proprietary trading account. Otherwise, the name Gu Junhao would still be displayed.
As of the end of last month, the total number of shareholders of Longji Green Energy Technology Co., Ltd. was 144,671, an increase of more than 12,000 from the previous period.
With the disclosure of Longji Shares' annual report, the market's debate on how Longji Shares should deal with the situation after Gu Junhao became a public fund manager has surfaced.
Not only did he not sell, but he increased his holdings and became the fifth largest shareholder. In the following trading days, the annual reports and the lists of the top ten shareholders released by the other two companies once again caused Gu Junhao to spark heated discussions!
