70% private equity missed the October market Venture Board

Information Times October 23, since October, because of the basic establishment of economic recovery, the three quarterly earnings of the company and the external market stimulation, the Shanghai Composite Index since October 9 has been nearly 10% of the increase, 3,000 points have been at the foot, 180 languished shares to create a new stage of new highs. However, has always been known as the accuracy of short-term private placement but most of the wrong round of the market.　　According to a questionnaire survey of 38 private equity managers by private Placement Network Research center, only 15.79% of private placement believes that the market will continue to rise in the national Day market, bearish ratio accounted for 26.31%,57.9% private equity market will continue to consolidate. 70% private equity missed market July so far, private equity bullish enthusiasm for the stock market gradually reduced, becoming more cautious. Looking back on the September questionnaire survey by private Placement network, I think that the number of private equity companies in the horizontal plate has accounted for half, and as the data shows, the September market has been sorted out in the oscillation. However, the October hyper-expected market has let most private equity missed the round.　　According to the survey, the majority of private placement in the September position strategy, the choice of Light warehouse operation, there are some private choice of heavy or empty warehouse.　　In this regard, Shenzhen financial investment Company executive Director Shanlan Analysis points out that in fact, private placement is not wrong this round of quotes, but the economic recovery of the uncertainty has been there, so the overall position is relatively light, which is related to the goal of private placement for absolute income. He also noted that the rise since October was an abnormal rise from a very weak market to a very low probability, but the October market did so because of the strong rebound in peripheral markets and the spread of inflationary expectations.　　Even so, they will not be able to increase their numbers immediately, but in the repeated oscillations of the search for lower valuations and performance growth identified plate. Private equity Watch GEM industry insiders believe that the gem is about to board, from the perspective of investment products, gem stock is very suitable for private equity investment, because most of the gem listed companies market value is small, for the operation of flexible private equity is the most appropriate.　　But most private-equity managers are still wary of the gem, mainly worried about the high risk of early public speculation. The survey showed that 89.47% private placement will not immediately participate in gem trading, more than half of private equity that still need to observe one months, and some even see more than half a year to consider, but also private equity said never participate in the gem trading.　　However, private placement of the new enthusiasm is still high, 82% of the private equity are involved in the gem of the IPO purchase. 2008 Private equity champion Golden and investment director Deng Jijun pointed out that open the Board does not intend to participate in the gem trading, this is because, the current motherboard market IPO after the restart, the IPO after the IPO is very high, speculative atmosphere is very strong, there are many new shares on the first day of the positioning is very outrageous, considering the gem because the circulation plate is relatively small, Therefore, after the listing of the possibility of frying will be very large, early risk will be higher, according to their own investment philosophy and investment style, decided not to participate in the early stage.(Source: Information times Author: Shang)