Chapter 413: 10 billion private equity, double happiness!
Ever since he overslept that day, Gu Junhao started to be absent from work from time to time. If there was nothing important, he would rarely show up in the company.
It feels good to be absent from work for a while, and it feels good all the time if you are absent from work all the time~!
In the second half of the month, A-shares entered the cycle pattern of July, with increases in the first half of the month and adjustments in the second half. Gu Junhao has basically become accustomed to this pattern.
There will be one or two days with big increases every month. When the market is good, there will be more small positive lines, and the rest of the trading days will mostly be torture.
This is the ecological environment of a bear market. For most people, there are opportunities to make money, and there are always a few star stocks every month, but it is also difficult, and being stuck is commonplace.
Through continuous experimentation, we have initially found a more suitable holding method for Junshi Price Investment.
Regardless of the holding method, the ultimate goal is to ensure profits. However, on this basis, Gu Junhao hopes that the overall intraday volatility of the fund will be as small as possible.
It would be best to control the daily ups and downs to around 1%, which Gu Junhao believes is the most ideal state.
Of course, we cannot reach this level now, so we can only find ways to reduce the retracement rate first.
Unlike August when the market broke through 3,100 points and had three consecutive positive monthly lines, the market in September appears to be much more difficult.
Externally, there is pressure from the Federal Reserve to raise interest rates; internally, there are various unfavorable rumors and adjustments brought about by the index after the breakthrough.
You should know that since the stock market crash in June last year, the longest period of growth for the Shanghai Composite Index has been three consecutive positive monthly lines.
The index, which has now seen three consecutive positive days, has naturally and unsurprisingly entered a state of adjustment since entering September.
At the end of the month, the index fell by 2.62% and returned to around 3,000 points again. Fortunately, since May, the monthly line of the Shanghai Composite Index has been rising step by step.
The overall trend is still rebounding. Since entering September, Vanke's stock price has performed generally, and the star stock in September has become Shuangma Group.
Since its delisting on August 26, Shuangma's stock price has entered a period of continuous sharp rise after five trading days of adjustment.
From September 5 to September 22, in eight trading days, Shuangma had a total of six daily limit increases and two large increases of more than 7%.
The stock price soared from 10.74 yuan on September 5 to 21.91 yuan on the 22nd, which was a crazy performance.
The share price of Shuangma Group doubled in eight trading days, and it has become a complete monster stock, but it has not been forced to suspend trading by the Shenzhen Stock Exchange.
It is unexpected, but also reasonable.
Since 641 took office, the continuous temporary forced suspension of trading and the crackdown on the concept of high dividends and bonus shares have dealt a serious blow to the sentiment of the entire A-share market.
In September, after half a year of adjustment, blue chips entered a phase of divergence. Coupled with instability at home and abroad, trading was very inactive.
At this time, a monster stock appeared in the market, barely maintaining the trading sentiment, which was also within the normal range.
Usually, monster stocks are born when the market is very depressed or when there are policy or major negative factors.
For example, in 2015, the market was in a state of stagnation due to the stock market crash, which made people afraid to trade. At this time, a popular stock was needed to attract new investors.
When everyone analyzes the various reasons why stocks become monsters, they ignore the most important point.
Many times, the reason why a stock becomes a monster stock, in addition to its own objective factors, is more because the market needs a monster stock.
This is the same as the sale of lottery tickets. There must be news about big prizes from time to time to stimulate lottery players.
Regardless of whether he really won the prize or not, news like this can stimulate the nerves of this group and continue to maintain sales data.
Especially when sales are sluggish, such news is indispensable. Looking at the A-share market, "monster stocks" are such news media.
This was just the first round of speculation for Home Depot, so Gu Junhao did not ask Wang Ruoyu to sell all his shares, but only asked him to do T when necessary.
The amount of T cannot be too large. The chips are highly concentrated and the plate is not large. If Junshi No. 2 does a large amount of T, it will be suspected of manipulating the stock price.
Occasionally doing T behavior is more for the circulation of chips. When you get a large number of chips for a stock at a low price, if you still lock the position and want others to carry the sedan chair, it seems a bit idealistic.
Stocks need to be circulated. Only during the circulation process can investors gain profits, and naturally everyone will not care about the cost.
During the circulation process, chips are exchanged through T method, which is also a process of pulling up.
Why do the stocks traded by the Wencheng Gang always end up being sold by themselves at the limit down? It is because of the lack of liquidity and the chips are basically concentrated in their own hands.
For Junshi No. 2 in September, apart from the sharp rise of Shuangma Group, the biggest surprise was the resumption of trading of Gree Electric, which had been suspended.
Since Gree suspended trading on February 19 to acquire Yinlong, it finally resumed trading on September 2. The suspension lasted for more than half a year, wasting a lot of time for a rebound.
If he had remembered the time when Gree was suspended, Gu Junhao would never have bought Gree. After Gree’s resumption of trading, it only went up two straight lines and then entered a volatile mode.
In the month of resumption of trading, only 15.61% of the position was replenished. Fortunately, the dividend was relatively generous, with a dividend of 15 yuan for every 10 shares, allowing Junshi No. 2 to receive a dividend of 47.37 million yuan from its holdings.
However, compared with Midea, Gree's investment is still a failure so far. With the same amount of money invested, Midea's market value had reached 900 million by the end of September, while Gree's was only 702 million.
Including cash dividends, it is less than 750 million, and the overall profit is only 24%; with the same cost, Midea's profit has reached 50%.
A long-term suspension of stocks is the most hurtful, especially for large funds. Gu Junhao knows this very well, but it is not something he can decide.
Fortunately, after Gree resumed trading, there are no suspended stocks in Junshi No. 2, including Junshi Value Investment and proprietary trading, and all market values are in full circulation.
With the liquidity brought by Gree’s resumption of trading and the success of the two major stocks, Junshi No. 2 ushered in its historic moment at the end of this month when it opened the redemption channel in the third quarter.
September 30, 2016, Friday; at 5:30 p.m., Wang Ruoyu pressed the mouse button with slightly trembling fingers, announcing the overall scale and net value of Junshi No. 2 for that month, and also opened the redemption channel at the same time.
The total scale is 10.05737 billion yuan, the net value rate is 7.1993, and it has increased by 71.57% since the ex-rights!
Although Gu Junhao has been deliberately suppressing the total scale of Junshi No. 2, it still successfully joined the 10 billion private equity fund club in September of this year and became the 103rd private equity fund in 2016.
Today, except for the US stock traders who worked the night shift, all the employees on duty during the day in the Fund Business Department flocked into Trading Room No. 2 after the market closed at 3:30. Everyone wanted to see if they could achieve a new achievement this month.
At the moment the mouse was pressed, not only Wang Ruoyu was very excited, but Xu Jianqing, Liu Tingting and the eight traders involved in the Junshi No. 2 transaction were also very excited.
Cao Wenxun and Wu Peng were even more filled with emotion. When they first joined the company, this fund had just been launched and its scale could only be considered a small private equity fund. They never expected that it would expand to such a large number in less than a year.
Several other traders who joined this year also have rich experience. They could see that Gu Junhao was suppressing the size of the fund, but in the end he successfully achieved a breakthrough with his strong strength.
The bigger the scale, the more financial authority they can obtain, and the income will naturally be a large commission. As a trader, who doesn't want to participate in the operation of a top fund?
The quality of Junshi No. 2, a fund with a scale of 10 billion yuan, is much higher than those 10 billion yuan funds in the current market. While the redemption channels have been opened twice this year, it relies entirely on its own growth, which is unique in the current market.
Although the redemption channel was opened again today, and although the overall liquor holdings, which were heavily invested this month, have fallen back, Gu Junhao still achieved the 10 billion yuan target through timely adjustments and stock swaps.
Although they also know that with the opening of the redemption channel, Junshi No. 2 will soon fall below 10 billion yuan, but in the end this achievement was achieved today.
Even if you only stay on the list of private equity funds worth over 10 billion yuan for one hour, it means you have participated in private equity funds worth over 10 billion yuan.
In a spontaneous manner, everyone cast admiring glances towards Gu Junhao who was standing at the back.
When Gu Junhao saw everyone's eyes turned to him, he smiled calmly and said, "Why are you looking at me? Your manager's last name is Wang."
Afterwards, Gu Junhao said to Wang Ruoyu, who was still in a daze, "Congratulations, Mr. Wang, the billionaire private equity manager."
Wang Ruoyu finally came back to his senses, but didn't say anything. He just smiled at Gu Junhao. Facing Gu Junhao's words, he really didn't know what to say.
No wonder he is still excited. Looking back on his career, Wang Ruoyu feels it is a bit like a dream.
A rookie entering the workplace, with no fame at all, started with a simulated trading session and in less than three years, he took over as the manager of a private equity fund worth tens of billions of yuan. This is unprecedented in the current fund circle.
In the fund circle that values personal connections and strength, only Junshi Capital can produce such a bizarre thing, and only in Gu Junhao's hands can such a monster be born.
The three young men, each with less than three years of experience in the industry, under the leadership of Gu Junhao, each controls a business scale of more than 5 billion yuan. The smallest one, Junshi, has invested nearly 7 billion yuan by the end of this month, and it is just around the corner to exceed 10 billion yuan.
This month, Gu Junhao basically did not participate in the specific trading plan of Junshi Price Investment. Liu Tingting carried out the intraday operations according to the holding plan formulated by Gu Junhao.
After today's trading ends, the net value of Junshi Price Investment this month has actually been estimated the same as Junshi No. 2, but the fund website has not yet announced it due to system reasons.
1.7074! Compared with the increase of 1.01% last month, the net value has increased by more than 70% since the resumption of trading two months ago!
All of this was achieved when the liquor concept as a whole retreated by 3.45% this month. It is not easy to achieve such an increase.
Although the execution of the plan is in the hands of Gu Junhao, the specific operations still rely on the efforts of Liu Tingting and the traders. This is not only an honor for Gu Junhao alone, but also an honor for the team.
The silence in the trading room did not last long. A voice was heard: "Lao Wang, please treat us. Let's go, let's go now! We won't stop until we are drunk!"
Xu Jianqing's voice came over. Seeing that Junshi No. 2 had broken through the 10 billion mark, Xu Jianqing was extremely excited.
At present, the overall market value of Junshi's proprietary trading, calculated in RMB and US dollars, is approximately RMB 8 billion, and Junshi's value investment will soon break through the RMB 7 billion mark.
If I don't seize the opportunity to take advantage of the T0 status of Hong Kong stocks and US stocks, I will be the one at the bottom in a few days.
"Please, of course. Tomorrow is the weekend, so let's relax. How about the same hotel where our company has dinner?" Wang Ruoyu responded readily.
At this time, you must drink to vent the joy in your heart. Enjoy life to the fullest!
"Fuck! You are so generous, I have to say that, brothers, you should give face to Manager Wang, right? How do you think?"
"Of course, thank you, Manager Wang."
"Well, I'm not in a hurry to go back. When I get drunk, remember to call a designated driver for me." Cao Wenxun also laughed.
"Let's go then, what are you waiting for?"
Although everyone was arguing, and although Wang Ruoyu was the one who treated the guests, they all looked at Gu Junhao at the same time.
"What does the boss say? Let's go together?" Wang Ruoyu also looked at Gu Junhao with a smile. At this moment, he was a bit like the usual lively Xu Jianqing.
"I won't go. You guys go, but be careful." Gu Junhao said with a smile. If he was there in such an occasion, they might not be able to relax.
"Hey, boss, why don't you go? That would be so boring. You are the one who should be celebrating the most today." Xu Jianqing pestered Gu Junhao.
"Are you stupid? Sister Zhang is pregnant, how could the boss go drinking with us?" Liu Tingting glared at Xu Jianqing.
"Ah, really? Congratulations, boss, double happiness." Xu Jianqing said in surprise, he really didn't know about this.
When Wang Ruoyu and others heard the news, they all congratulated Gu Junhao. No wonder the boss had not come to the company much in the past month.
Except for today, Gu Junhao has not come to Trading Room No. 2 this month. However, Liu Tingting and several traders in Trading Room No. 1 know about it, but they have not spread it out.
Xu Jianqing is sometimes very unscrupulous in private, and Liu Tingting was really afraid that he would hold Gu Junhao hostage, so she said this.
Gu Junhao came to the company less frequently this month, not entirely because of laziness, but more because Zhang Yiru was pregnant. Before, Zhang Yiru was too lazy to move, and Gu Junhao thought it was because of the hot weather.
It was not until he was vomiting one day and was caught by Qin Ruolan that he realized that Zhang Yiru was pregnant. They both felt a little scared when they thought about how they got up late and didn't go to work that night.
This is where young couples are ignorant. If they had a second child, this situation would definitely not occur.
Now that she is pregnant, it is impossible for the two of them to live in their own world like before. In order to take care of the pregnant woman, Gu Junhao has already arranged all the necessary things this month, such as a nanny and a private driver.
The house was moved to the villa that was purchased before, and this was what Gu Junhao was mainly busy with during this period.
They have been spending money like water over the past month, and with a series of upgrades, their lives are starting to live like those of wealthy people. Before, there was really not much difference between them and ordinary office workers.
"Okay, you guys go pack up. I'll treat you to a drink when my baby is born. Tingting, come with me. I have something else to talk to you about." Gu Junhao responded and walked out of Trading Room No. 2.
"Oh, okay." Liu Tingting quickly followed.
After the two walked out of the trading room, Liu Tingting asked Gu Junhao what he wanted to see her about.
"It's nothing. I'll just keep you here. They're a bunch of men, and it's not appropriate for a girl like you to go with them. It would be bad if someone gets drunk and acts crazy. You can stay in my office for a while, and then go home with Li Xinyu."
After saying that, Gu Junhao ignored her and walked straight towards the company gate.
Liu Tingting stood there in a daze. She had thought about this question just now and thought about how to refuse, but it was difficult to say it in front of so many people.
Unexpectedly, the boss even thought of this and helped me out.
