Therefore, generally speaking, fund companies will control the number of purchases when buying stocks, and will not let themselves appear in the list of the top ten tradable shareholders.
Chapter 270
But it is not absolute. If it is a powerful fund company that is not afraid of being targeted by others, or if the fund manager is very confident that the investment decisions he made are correct, then entering the list of the top ten tradable shareholders will arouse everyone in the industry and investors. People's attention is a good thing instead, and it can be used to make a name for yourself. If a stock is done well and done right, the fund manager of this product is likely to directly reach the top.
For example, "Dan Wu", a fund manager who is famous for being a listed liquor company named "Caotai" in the industry, can only directly ascend to the top of the industry in this way.
In addition, the positions of private equity funds are unknown, which is different from public funds, so once the positions of a private equity fund company are exposed, it is easy to attract the attention of everyone in the industry.
Therefore, the act of exposing the company's holdings is a double-edged sword, which can be good or bad. The key is to look at the specific stocks purchased.If the trend of the exposed stocks is good after the exposure, and the overall rise is good for the company and the fund managers of the corresponding products, but if the trend after the exposure is poor, or the overall decline Yes, then you can steal chickens and lose money.
Chen Yi didn't know what Li Shan was thinking, but he felt that this behavior was really bold enough.Because the list of the top ten tradable shareholders of each company is public information, Chen Yi checked it on purpose.
Just search for the company name "Ruiming Investment" on the online disk viewing software "Qiande" and you will get the result.Chen Yi took a look. In the company's history, this was also the first time it entered the list of the top ten tradable shareholders, and there was no precedent before.
Seeing this, Chen Yi felt a little worried, because after all, the risk of this behavior was indeed a bit high, ranging from loss of products and customers to damage to the company's reputation.The company's reputation is very important.
However, Chen Yi was just worried, because in his opinion, Li Shan's ability and level were very high. In his opinion, since Li Shan made this decision, it must be after careful consideration and with a well-thought-out plan. Here, Chen Yi put his heart into his stomach, continued to do the work at hand, and planned to ask Li Shan after the market closed.
Chen Yi didn't know that Li Shan was sweating profusely looking at the computer screen at the moment, and what was displayed on the computer screen was the situation of the listed company named "Decoration Design".Fingers tapped on the keyboard constantly, and the interfaces displayed on the computer screen were constantly switching.
He thought he was too focused and didn't pay attention to Song Hao and Zhang Yan who were walking towards him.He didn't see it until the two walked in, Song Hao said: "Li Shan, are you okay?"
Li Shan nodded at Song Hao, pretended to be calm and smiled and said, "Of course I'm fine, what can I do? Why are you asking so suddenly?"
Song Hao looked at Li Shan who was sweating profusely, and curled his lips. Zhang Yan said, "Stop pretending, what happened to the stock of that company called "Decoration Design"? Why did it become the top ten shareholders?"
Li Shan heard that the calmness he had pretended to be calm suddenly disappeared, and his straight body leaned back, and he slumped on the chair: "You all know?"
Song Hao said: "What do you think? There are only thousands of stocks in this market, and so many people pay attention to it. No one knows which stock has any troubles? Let alone such a major event. The holdings of a private securities fund were exposed. Or is it the first time in the company's history that it has been exposed, do you think those journalists have nothing to eat? To be honest, I only found out when a friend in the industry told me."
Zhang Yan nodded, and echoed: "I only found out when my friend asked me. Song Hao and I knew it too late. We don't know what's going on in the market. What does the exposure of holdings mean?" You don't know, do you? Are you so sure? Are you stable?"
Song Hao didn't wait for Li Shan to speak, but curled his lips and said to Zhang Yan: "Looking at him, do you think he's stable? Doesn't he look confident?" After a pause, Song Hao said to Li Shan: "Li Shan , tell us, what is going on? How did it happen?"
After hearing what the two said, Li Shan said in a low voice, "I didn't expect to buy so many."
Although Li Shan's voice was relatively low, Song Hao and Zhang Yan could still hear it very clearly. They were shocked when they heard the words. They originally thought that maybe Li Shan was very optimistic about this company and wanted to make a name for it. So I bought a little more, and after buying it, I regretted it and thought about buying less.
But now Li Shan said that he didn't want to buy so much. Song Hao and Zhang Yan looked at each other, and the expressions on their faces became serious.Zhang Yan said: "Be clear, what do you mean? What do you mean you didn't want to buy so much? Are you saying that the quantity placed by the trader is different from the quantity you notified? Are you buying too much?"
When the fund is in operation, the fund manager generally issues trading instructions to the traders, and the traders place the orders to carry out the actual buying and selling operations.Zhang Yan heard from Li Shan that he didn't want to buy so much, but now the result is that he bought a lot, so Zhang Yan thought that it might be the problem of the trader, who executed the fund manager's order by mistake.
Although Zhang Yan does not believe that a senior trader like Ma Guoliang will make such a mistake, if this is the case, then this is an investment accident, and the consequences may be serious, and the reputation of the company and Li Shan may be damaged. will be damaged, Ma Guoliang's job may not be guaranteed, and he may even need to pay a considerable amount of compensation.
After hearing Zhang Yan's words, Li Shan remained silent, and his drooping head dropped even lower.
Seeing Li Shan like this, Zhang Yan and Song Hao felt extremely anxious.Song Hao said sharply: "Li Shan, I asked you something, but you said it, what is going on?"
Song Hao and Zhang Yan are also very anxious, because they are both fund managers of the company now. Once the company's reputation is damaged, they will face certain pressure when selling their own products in the future. All are lost.Seeing Li Shan not speaking, like a stuffed gourd, the two of them were naturally very anxious.
Li Shandao: "I just read the records in the software that sent the trading order, and checked the transaction quantity and other information with the trader, Big Brother Ma. The trader did nothing wrong, and operated completely according to the received order of."
Hearing that Song Hao and Zhang Yan looked at each other, they couldn't help frowning. Since there was no mistake on the trader's side, then the so-called mistake came from
Thinking of this, the two looked at Li Shan again.
Li Shan seemed to feel the eyes of the two, and sighed helplessly: "It's my fault. When I gave the order, I put an extra zero at the end of the purchase quantity." After saying this, Li Shan said: It seemed that the deflated ball completely slumped on the chair.
The office was eerily quiet. The three people's voices were not too loud, but they were not too quiet either. The researchers at the side naturally heard them.
No one spoke in the office, and even the original crackling sound of typing on the keyboard disappeared.None of the people thought that the truth of the matter was like this. You must know that although Li Shan is relatively young among fund managers, he has been a fund manager for a long time. Logically speaking, it is impossible to make such a mistake. But the fact is there, no one knows what to say.
An extra zero was added at the end, and the actual purchase amount was ten times higher than the expected purchase amount!
At this time, Zhang Yan said first: "Then have you thought about what to do? This matter cannot be left alone, it must be resolved as soon as possible. The longer it is delayed, the more troublesome it will be to deal with."
Why didn't Li Shan know what Zhang Yan said?But he really doesn't have a good solution yet.Before Li Shan could speak, Song Hao heard the words and said, "What solution are you still thinking of? What else can I do with this kind of thing? Tell the trader to sell it quickly."
Hearing the words, everyone nodded and said yes, generally this kind of non-fund manager's will, resulting in a particularly large amount of buying will not happen, but once it happens, you can only sell it immediately and stop the loss in time as Song Hao said , to prevent affecting the investment plan of the fund manager and affecting the subsequent product operation.
Generally speaking, there may be some losses if you stop the loss in time, but this is indeed the way to minimize the loss. The investment of the fund manager is planned. If the loss is not stopped in time, the operation of the product will not be controlled by the fund manager. , once the stock holdings have fallen sharply, the product will be particularly affected.
Song Hao continued: "Hurry up and sell the excess part in time to stop the loss. This incident has already had a great impact. After you stop the loss, you should write an apology letter or explain the situation, and write it sincerely, and post it on the company's official website. Only in this way can the loss and impact be minimized."
Hearing Song Hao's words, everyone nodded one after another. Everyone was impressed by Song Hao's decision-making ability and judgment. He is indeed the company's oldest fund manager. The impact is minimized.
However, Li Shan did not agree with Song Hao's words like everyone else. He was sitting on the chair with his head drooping deeply. No one noticed that Li Shan's eyes flashed various expressions quickly.
Of course, Li Shan also heard what Song Hao said. After Song Hao finished speaking, everyone looked at Li Shan in silence. After all, Li Shan is the fund manager of this product, and he is also a person who makes mistakes. They can provide advice but I can't make decisions for Li Shan. Every decision has pros and cons. If something goes wrong in the end, no one wants to take the responsibility.
For example, the method of timely stop loss proposed by Song Hao is indeed the most appropriate method, but it is also highly likely to be correct. The stock named "decorative design" will not rise sharply in the future. If this stock rises sharply later, it is too worthless to sell it now. It is an opportunity to gain both fame and fortune and become a god in the industry It just slipped out of his hands.
Chapter 271
All of them are old colleagues who have been with each other for many years. They know each other very well, and they also know how far human nature can be distorted under the temptation of interests.
It doesn’t matter about the usual work docking. After all, there are traces left in the docking process. I just do what I am responsible for, and when I do my own thing well, others will not say anything, and they can’t do anything to me.
But if you want to take responsibility for others, especially for Li Shan, no one present is willing to take responsibility. Everyone present knows how Chen Yan got away back then.
Everyone looked at Li Shan silently without saying a word. After all, what should be done has been done in place, and the rest and the result are not up to them to make decisions.
After being silent for a long time, Li Shan gritted his teeth, and a flash of sharpness flashed in his eyes.Li Shan raised his head and said to the crowd: "Traders can't be allowed to sell the excess and stop losses in time."
Everyone stared at Li Shan dumbfounded when they heard the words, Li Shan paused and continued: "Now it has already had a great influence, not to mention that everyone knows it, and it is basically not much different. If you sell to stop the loss That will have a great impact on the company's reputation and my reputation, so it will be very difficult to sell products in the future."
Everyone nodded when they heard the words, only Zhang Yan and Song Hao's expressions darkened, and their expressions were terribly gloomy.
Li Shan said again: "It's already like this anyway, we might as well take a gamble. This is a once-in-a-lifetime opportunity. To be honest, this company is not very bad, and the quality of the company is still good. Otherwise, I wouldn't I chose to buy it. If it succeeds this time, the reputation and benefits it will bring will definitely not be a small number. Now basically [-]% of the funds for this product have been bought into this stock.
Think about it, if this stock doubles, or even doubles, or tens of times, what kind of scene will it be?My name will be heard throughout the industry, and the company will receive a pretty good performance fee. "
Having said that, Li Shan raised his head and looked at Zhang Yan and Song Hao. Li Shan didn't notice the ugly faces of the two, and continued: "If it succeeds, the company's reputation will be greatly improved. Isn't it also a good thing for you that the company's reputation has improved?
When I heard about Ruiming Investment's products in the future, wouldn't they all be snapped up by the market?Think about that kind of scene. Wherever you go in the future, when others see that you are a person invested by Ruiming, they will look at you with reverence. At that time, it was a kind of reverence like looking up to a god.
Think about it, once we succeed this time, the company and I will directly ascend to the top of the industry. Ten or 20 years later, some people will talk about our unique vision and praise our decisiveness.What a wonderful thing, isn't it good?
Once it fails, even if there is no loss, it will not lose much, just more than [-] million customers, and there are so many customers in the market.Besides, if it really doesn’t work, it’s a big deal to admit that our judgment was wrong, and we can also shift the responsibility to the market.
For example, what about the impact caused by the unexpected situation in the market?Besides, there may be customers who are dissatisfied with our operation and want to redeem after the posting. If posting later, can you still earn some management fees during this period?
Management fees are different from performance compensation. Performance compensation is to make money for customers and take part of the money earned for customers. That is to say, if customers do not make money, we will not have performance compensation. They will all be charged. If the customer’s money is kept with us for one more day, we will earn one more day’s money.
The performance remuneration of this product is 20.00% of the money earned by the customer, which is accrued once when the customer redeems or the product ends; and the management fee is deducted from [-]% of the customer's total assets every year.
The current scale of this product is 2000 million. If calculated on the basis of 250 working days per year, the management fee we can get for each working day is 800 yuan. This is not a small amount of money accumulated over time, so we can’t Sell stop loss, we continue to hold this stock, this transaction is not a loss. After Li Shan finished speaking, he looked at everyone excitedly, especially the two fund managers Zhang Yan and Song Hao. Seeing the gloomy faces of the two, Li Shan curled his lips and waved his hand: "I told you that you I don't understand, anyway, I have decided not to sell, not to lose money, and just let it go. "
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