www.public4you.fora.pl

90nike5657fv

train collector html simple template model

Scale expansion of private influence on style and performance _ Finance

Fund research into good buy Home>> With the private equity investor awareness and acceptance of continuous improvement, 09 years, the development of private equity funds appear blowout. It is good to buy Fund Research Center, our existing products, 390 private unstructured sun, there are 40 first three months of the establishment of today, there are 163 established in 2009. That which in addition to the opening of new private companies, many of the old companies, is developing new products, and thus the size of private equity firms continue to refresh the record, more than 1 billion private equity has been a few, 20 million, more than 3.0 billion private equity is also began to emerge, many fund managers, the management of tens of millions from the most only several hundred million of the funds, jumped for the management of billions, even tens of billion of funds. Industry in the public offering investors worry about \In particular, private investment and research in the overall configuration of a relatively small staff, many fund managers trading hands high concentration of industries and stocks are relatively high, but also more flexible position changes, these characteristics also make the size of private equity investors worried about rising the possible negative impact on style and performance. It is good to buy Fund Research Center, now a total of 15 fund managers separately administered 5 or five or more funds (including the establishment of only the non-structured private equity funds the sun). Each fund manager will be the third day of establishment of the Fund on the scale is defined as the beginning. Accordingly, the management of each fund manager fund performance, scale expansion into the former, the latter two time periods: the former is on a time scale of the first 6 months, after a time scale for the last 6 months to This observation for each fund manager in the former, the latter two changes in the ranking period of relative income (relative to the Shanghai and Shenzhen 300 Index), to determine whether the performance of fund products by the scale of change. It should be noted that, due to massive expansion of private equity focused on 2009, many of the large-scale expansion, so far have not run a full year, less the sample, so just take 6 months before and after the expansion as a reference. In the 15 fund managers, because of Shunya Bo Shi, Rui letter Li Zhenning, tower grain cold and then cleared in the management of the third establishment of the Fund before, no runs over 6 months, and Zhang Yi Chi managed far strategy series, set up time is too short, not be included in statistics. Fund managers increased the number of funds before and after the performance of fund managers the number of fund companies managed funds rank on the scale of the date of the relative income (%) changes in the ranking on the scale on the scale of the first half of the second half of Jianghui rock stars in February 202 008 49% 3% rise in Tian Ronghua Wudang 162,008 on June 8% 40% decreased Hua Suzaku 112,009 rounds on April 26% 26% flat calm Lü 112,009 in April fell 35% 72% 112 009 Zhao freshwater springs on May 13% 10% in Ma Hongyun Southern Trust 92007 on July 19% 22% down Caiming Min Sen 62009 on July 21% 89% down Loewe broad new value 62009 on Aug. 5% 30% decreased Liu Rui Xin Lan Rui, the Core Ag 62,009 in June 53% 19% Wang Qinghua Trust 62,007 in Yunnan Province on Oct. 4% 43% down Zhaokai Yun Nan on January 6 Trust 62008% 27% fell Source: good buy Fund Research Center. Freshwater springs does not include a chance Xiao Yang of China, Department of Series Fund. Relative income rank in the top percent of that number,[link widoczny dla zalogowanych], the smaller the value, that the more forward position. Source: good buy Fund Research Center tab: Phoenix Fund into the statistics of the 11 private equity fund managers, the number of funds in the management of more than three after a seven fund managers have significant decrease in performance, namely Tian Ronghua management of the Wudang series, Lu Jun calmly management series, Cai managed public forest series, Loewe wide management of the new value of the series, Wang Qinghua management Dragon series; 3 performance increase, respectively, managed rock stars Jiang Hui, Zhao management freshwater springs, Liu Xin Lan Rui Rui management and Ag in the Core Fund's; In addition, Li Hua managed Suzaku Series performance wheels flat. Rule out changes in the market factors, the results from the statistical point of view alone, with the fund managers to increase the number of managed funds, fund performance did decline. However, had to note that,[link widoczny dla zalogowanych], due to the Fund at different times on the scale, making the Fund on the scale before and after the Fund in different market environments. Over the past three years, the markets are in a very state of the market. Therefore, the different time division, a greater impact on fund performance. After all, different fund managers have different styles, which specializes in the markets is not the same. Such as rock stars, in February 2008 significantly improved the scale before and after six months, the performance ranking from the top 49% before the upgrade to the previous 3%. And in February 2008 after six months, exactly six months down the broader market side, the conservative characteristics of rock stars, just in a bear market more into play. On the contrary, such as Wang Qinghua, his management and selection of Chinese dragon Chinese dragon growth series, in October 2007 six months before, marching up the market side, the strong gains made the top 4% of the good results, the subsequent bear market hit, will inevitably let the rankings fall. Radical type of fund, due to the different Jiancang period, the configuration of the Fund are different, can cause large differences in its fund performance. Loewe wide management such as the new value of 5, was established in August 2009, the Fund Jiancang far behind on performance management and Loewe wide a few other funds, thus dragging down the average performance of Loewe wide. In addition, it is worth mentioning that Li Hua managed Suzaku round series, in the large-scale expansion, fund performance to maintain good continuity. The reason, on the one hand, Suzaku emphasizes teamwork, the company's entire investment research team contributed greatly to the operation of fund managers. On the other hand, Suzaku has a good response to the expansion of the system, only after passing the examination by the fund manager, and then gradually increase the management scale. Suzaku is also a senior fellow with additional means to respond to the expansion of fund scale. Nearly 1 year, Suzaku, senior industry researcher from 6 to 9 bits. Furthermore, Suzaku is the stock selection rather than the transactional type of player, size of funds is less sensitive. Overall, the fund manager of the fund to increase the number and size, the impact on fund performance can not be generalized. For some focus on team combat, non-high-frequency trading in the private managers, such as star stones, fresh water springs,[link widoczny dla zalogowanych], Suzaku, etc., scale and performance of its style had little impact, on the contrary increased the size of the company on the market have the opportunity to recruit excellent fund managers and researchers, and the recruitment of qualified marketing professionals, marketing and other general office functions from the central figure in the hands of Chief Investment Officer peel, so that it can focus on the investment. However,[link widoczny dla zalogowanych], the increase in the size of the process, if the investment research team is not appropriate for a reasonable expansion, is still dependent on a single central figure, or its operating style and out of the trading flexibility of hands and demanding money, or the core of investment research figure who is also marketing positions at the same time that it can not concentrate on research and other investments, the management of the expansion appeared likely to fund style drift, and the fund performance will be adversely affected. (Good buy Fund Studies Centre)

More articles related to topics：

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

tory burch outlet Boshi Fund over the broader mark