The size of securities private placements shrank in May, 12.6 billion small private placements disappeared in February 275
The size of securities private placements shrank by 1.2 billion US dollars in May. Small private placements disappeared in two months. 275 reporters Yang Jian and editors Wu Yong were affected by changes in the A-share market.Ease, but in May 2019 the scale of private equity securities has shrunk again, down by 125 in April.
9 billion yuan.
The main reason for the decline in the size of private placements was mainly customer redemptions and declining performance.
It is obvious that in the shock market, the private equity industry has accelerated the elimination process. Data show that in April, 219 private equity companies with a size of less than 5,000 million disappeared from the market, and in May, 56 private equity funds with a size of less than 5,000 million disappeared.
That is, at 4?
In May, a total of 275 private equity companies below 5000 trillion disappeared from the market.
The shrinkage of securities private placements was affected by fluctuations in the A-share market. In February 2018, the size of securities private placements began to shrink and continued to ease until April 2019. However, the scale of securities private placements shrank again in May 2019, a decrease of 125 from the previous four 合肥夜网 months.
9 billion yuan.
The reason for the reduction in scale is mainly due to customer refunds and reorganization of performance.
From the data point of view, in May this year, the private equity income of the stock strategy suffered a significant retreat.
Take stock strategy products as an example, the highest return in the first 4 months is 420.
79%, compared with only 391 in the first 5 months.
36%, and the number of products doubled from 51 to 34.
In addition, according to data from the private placement ranking network, the issuance of new private placement products in May dropped sharply, and 973 private placement products were issued in a single month, a significant decrease from the year’s high of 1737 in April.
Judging from the specific data, the number of private equity fund issuances has been enlarged instantaneously since entering 2019, and the outbreak period has entered into March and April. The number of newly issued private equity securities investment funds has reached 1,444 and 1,737, respectively, a new high in the past year, andThere was a decline in the month, with 973 issued in a single month.
The private placement ranking data shows that in May 2019, the performance of the eight major private equity funds was poor.
The highest positive rate of return is fixed income, up to 82.
31% of products received positive returns.
The first is the management of futures strategy and relative value strategy, which are 66.
85% and 65.
97% of products have a positive rate of return.
The inventory strategy with the largest number of products is only 18.
The monthly revenue increase of 44% of the products is positive, only slightly higher than the event-driven strategy.
In addition, a total of 36 products achieved more than 100% revenue in the first half of the year, of which more than 6 products have yielded more than 300% this year.
Judging from the transcripts of the ten-billion-level large-scale stock private equity institutions in the first half of the year, the multi-billion-level stock private equity in the first half of this year still has a large and stable positive income performance.
According to the private placement ranking network data, Jinglin Assets, Gao Yi Assets, and Danshuiquan Investment, a few well-known private equity institutions with tens of billions of shares, each accounted for more than half of the products in the first half of this year to achieve two positive returns.
The performance of Jinglin Assets and Gaoyi Assets’ products has continued the outstanding performance of previous years.
In this regard, some private equity sources told the Daily Economic News reporter that for small private equity, high returns are mainly due to market conditions that are consistent with their investment style, so it is doomed that such gains are difficult to last.
Although large-scale private equity has not achieved outstanding returns in some years, as long as it has good risk control and a broad investment research team, it can survive for a long time in a changing market environment.
The days of small-scale private placements are sad After the first quarter of growth, the market is in the second quarter of the quarter adjustment.
According to the data of the Fund Industry Association, as of the end of May 2019, the Fund Industry Association has registered 24,307 private equity fund managers, with 77,465 private equity products on file, with a managed fund size of 13.
31 trillion yuan, a decrease of 26 from April.
Among them, 38,190 private equity securities investment funds have been filed, with a fund size of 2.
34 trillion yuan, a decrease of 125 from April.
9 billion yuan.
Previously, the A-share market also suffered a bleak May, and the GEM index fell 8 in May.
63%, SZSE Component Index fell 7.
77%, the Shanghai and Shenzhen 300 Index fell 7.
As of the end of May 2019, from the perspective of the scale of private equity fund managers, there were 252 companies with a scale of 10 billion and above, with a scale of 50 billion
There are 289 companies with 10 billion in scale and 2 billion?
There are 682 of 5 billion, and the size of the management fund is 1 billion?
There are 833 companies with 2 billion in scale and 500 million?
There are 1196 companies with 1 billion in size, with a scale of 1 billion?
There are 4,416 companies with 500 million in scale.
There are 2327 100 million.
As of the end of May 2019, there were 21,316 registered private equity fund managers with an average management size of 6.
From the perspective of the private equity industry, small and medium-sized private equity management is small and the boat is good at turning around. The operation method is often more radical and flexible, and it is easy to obtain more excess returns. But if the investment research capabilities and risk control measures do not keep up,”Private placement is not in the minority.
According to the data disclosed by the Fund Industry Association, until the end of May, the number of domestic private equity fund managers decreased by 81 from the previous April. From the perspective of the management scale corresponding to the reduced number of private equity managers, the focus was mainly on the unmanaged scale and management.There are two categories below 50 million yuan.
According to the data of the Fund Industry Association, as of the end of May 2019, the management scale of 11,321 private placements was below 50 million yuan.
As of the end of April this year, there were a total of 11,377 private placements below 50 million.
In other words, in May, 56 private equity companies with a size of less than 50 million disappeared from the market, and other private equity companies dropped out of the 10 billion private equity ranks.
In addition, compared with the March and April data disclosed by the Fund Industry Association this year, from the data at the end of March this year, a total of 3044 registered private placements have no management scale, and a total of 11,596 private placements with a management scale below 50 millionTherefore, during April and May this year, a total of 275 private placements with a management scale of less than 50 million disappeared from the market.