Chapter 414: Changing Career Plan
Chapter 414: Changing Career Plan
On the last trading day of September, Junshi Capital launched its first 10 billion-level private equity fund, Junshi No. 2 Mixed Growth, since its establishment.
Different from the funds raised from the market, Junshi No. 2 relies entirely on its own growth. It is also the only private equity fund in 2016 that reached tens of billions of yuan through its own growth rate.
This alone is enough to kill more than 90% of private equity products on the market today.
It’s a pity that such a product only has one subscription opportunity a year, but the redemption channel will be open four times, with another new redemption channel opening at the end of September.
Unlike the previous two times when the redemption channel was opened, Junshi No. 2 had already screened out most of the long-term investors. After the redemption channel was opened that day, no one applied for redemption!
For these long-term investors, the profit-sharing agreement has already been exceeded. The current charge is 30%, which is not enough to charge 50% at most. Instead of redeeming at a time when the price is more than 70 points, it is better to wait and see.
If you really want to take advantage, wouldn’t it be better when it’s more than 90 points? If you are really short of money, it is more cost-effective to find a way to borrow money from the bank than to redeem the shares of Junshi No. 2.
You should know that nowadays, in the circle of wealthy people in Beicang, the investment shares of Junshi No. 2 have become a hard currency like Maotai.
At the end of February, Junshi No. 2 almost returned to its initial net value after the ex-rights period. It was also at that time that Gu Junhao resigned as the fund manager of Junshi No. 2.
Newly appointed rookie manager Wang Ruoyu led Junshi No. 2 from a net value of 4.2693 and made his professional debut in March.
As of the close of September 30, the net value of Junshi No. 2 reached 7.1993; starting with 93 and ending with 93, the compound growth rate of 68.63% has expanded the scale of Junshi No. 2 to more than 10 billion.
During the same period, among the newly-operated public funds, Gu Junhao has firmly held the top spot in terms of the largest increase in public funds this year with a compound growth rate of 70.74%; at the same time, he has also advanced to the fourth place in terms of total returns on public funds.
"The bear market belongs to everyone, and the bull market belongs to Gu Junhao!"
October 1st, the first day of the National Day holiday.
A financial media used such a title to comprehensively analyze the two funds under Junshi Group and the seemingly proprietary account.
The proprietary trading account has not announced specific performance and holdings, but the article did mention that a trust company under the local municipal investment company gave Junshi Capital US$600 million and entrusted Gu Junhao to manage it.
The article mentioned that the funds that Gu Junhao could actually manage had reached 25 billion yuan, and he also used his connections to investigate the average salary and tax situation of some Junshi Capital employees over the past two years.
According to statistics of these data, Junshi Capital's net profit in the first half of this year exceeded 3 billion yuan!
The article also specifically mentioned the three lithium battery stocks that Gu Junhao sold off at high levels: Tianqi Li Industry, Ganfeng Lithium and Keheng Holdings.
In the latest list of top ten shareholders of these three stocks, Junshi Capital Co., Ltd. and Junshi No. 2 Hybrid Growth have all withdrawn from the top ten shareholders.
At the same time, the national team also significantly reduced its holdings in these three stocks. As for Dingtai New Materials' withdrawal from the top ten shareholders, everyone thinks this is inevitable. Even if Gu Junhao did not reduce his holdings, Junshi Price Investment would inevitably withdraw from the top ten shareholders after Dingtai New Materials issued additional shares.
Gu Junhao of Dingtai New Materials did not actually reduce his holdings. After selling in June, Dingtai New Materials underwent an adjustment lasting two and a half months. By the end of August, the stock price had fallen to around 38 yuan, an adjustment of more than 35% compared to the high of 51.50 yuan.
For a stock that still has great prospects and whose market value is even lower than when it was backdoor listed, and whose technical side has gradually stabilized on the 60-day line, Gu Junhao, who has been paying close attention to it for a long time, naturally would not miss it.
With the increase in Dingtai New Materials' share capital and the expansion of Junshi's value investment scale, from the end of August to the beginning of September, Liu Tingting not only bought back all the previous chips, but also increased her holdings.
Currently, the market value of Dingtai New Materials held by Junshi Value Investment is about 400 million yuan, accounting for about 5.7% of the overall size.
This month, Dingtai New Materials' share price rose by 21.49% and closed at 47.20 yuan. Compared with the price when the second position was established, the profit was about 20%.
Just like Zhongguo Zhongche, Dingtai New Materials still has one more opportunity for speculation before the official name change. The price of around 70 yuan assessed by the brokerage research report is also relatively reasonable at the moment.
This is also what Gu Junhao expected. When the stock price rises to 70 yuan, the market value of his holdings will become 600 million yuan.
In 2016, although the market conditions were difficult every month, Gu Junhao believed that opportunities were everywhere; of course, greater opportunities should come in 2018.
If ordinary investors can make good use of these years, there are still opportunities to make themselves financially well-off without seeking financial freedom or becoming extremely rich.
Finance means risks, but risks also bring opportunities. How ordinary people should make use of these opportunities is a question that investors should consider.
Early investors all lost money to buy experience, and then exchanged experience for money; the stock market is like Texas Hold'em, where experienced people exchange experience for money, and inexperienced people exchange money for experience.
There are two kinds of experience: your own experience and the experience of others.
Other people's experiences can be learned, but one's own experience is more often gained by losing money.
Learn from others' experiences of losses and learn from others' experiences of huge profits; summarize through these experiences and gain your own experience value.
Through these experiences, exchanging money in the market is the first step towards success.
The financial industry inherently carries high risks; it is an industry that manages risks, not avoids them. Managing one's own risks requires great wisdom.
Once the article was reported, it was reprinted by a large number of self-media and became popular in the circle of friends and major WeChat groups. The self-media marketing routine that was common in later generations had already begun to show its potential in 2016.
Not long after, this article was reposted to Taoguba and Xueqiu, the two most active communities for the muscle group.
In fact, Gu Junhao also has an account in Xueqiu. When he first started posting on Taogu, he also set up an investment portfolio in Xueqiu. However, Xueqiu was not popular at that time, so Gu Junhao gave up later.
With the increase of his personal fame and the popularity of Xueqiu, Gu Junhao's account was once dug out. Gu Junhao could no longer remember the password, and due to changes in his work and life, he did not pay any attention to it.
Investors in the two communities, especially Gu Junhao’s fans, naturally expressed their admiration for Gu Junhao’s achievements.
Gu Junhao also saw this article, which combined the net value of the two funds, their portfolio adjustments, and the stocks that appeared among the top ten shareholders, and attributed the credit mainly to Gu Junhao's stock selection.
Although Wang Ruoyu was also mentioned, it was only mentioned briefly to praise his execution ability; it is obvious that in the eyes of these professional financial media, Wang Ruoyu is more like a shadow of Gu Junhao.
The data in the article is very objective and basically consistent with Junshi Capital's semi-annual financial statements. There are some discrepancies, but they are not exaggerated. Instead, they are underestimated.
After all, there are some tax refunds and other local policies that these media cannot collect.
However, the article also exaggerated Gu Junhao's personal abilities. I don't know whether it was an attempt to flatter Gu Junhao, but this is obviously inappropriate.
"This won't do. What's the point of always praising me?" Gu Junhao couldn't help but mutter after reading it.
So, he called Li Xinyu and said, "Notify the company's public relations department to direct some of the attention to Wang Ruoyu and praise him more."
"Ah? Okay!" Li Xinyu, who was lying on the sofa at home, replied a little confusedly. There are also people who don't want others to praise them.
The PR department is also suffering, and they have to work overtime during the long holidays! This boss is becoming more and more capitalist!
Gu Junhao has his own concerns. Because Zhang Yiru is pregnant, he must focus on his family in the period before the child is born.
Moreover, as an investment company, although the founder is the soul of the company, it cannot be just the founder. It must have its own group of star fund managers. They do not have to be too dazzling, but they must have a certain reputation in the market.
Since March, Gu Junhao has basically not managed Junshi No. 2, and has not interfered with the specific daily operations at all. Wang Ruoyu's ability and contribution to today's results are indelible.
It is understandable that the publicity direction tends to favor Wang Ruoyu. After all, he is the actual manager of a private equity fund worth hundreds of billions.
In the future, Gu Junhao's role will be more of a company founder and boss rather than a fund manager, so from now on, he must slowly build up the fame of Xu Jianqing and the other two.
Taking advantage of this opportunity, let’s start with Wang Ruoyu.
Following Gu Junhao's instructions, there were more and more discussions about Wang Ruoyu on the Internet. He joined Junshi Capital less than three years ago, starting from a simulation warehouse and participating in the specific operations of Junshi No. 1 and Junshi No. 2.
Manager Wang has worked his way up step by step to his current position as a manager of a private equity fund worth tens of billions of yuan. He is also the first private equity fund manager worth tens of billions of yuan at Junshi Capital since its establishment.
Through self-media viral marketing, Manager Wang also gained some fans of his own during the National Day holiday.
In less than three years, Manager Wang has proved to his fans how important luck is. He also told everyone that whether you can seize the opportunities brought by luck is a turning point in your life.
If it weren't for Junshi Capital, Wang Ruoyu might have interned in Ningbo for a few years, and then returned to his hometown of Shaoxing, choosing to become an ordinary researcher at a securities firm or take the civil service exam.
This was Wang Ruoyu’s career plan ; however, it has now completely changed.
Of course, he had realized this as early as when he took over as the manager of Junshi No. 2 Fund.
