1  Shenzhen Securities Regulatory Bureau dismantles private placement scam

Shenzhen Securities Regulatory Bureau concluded by reviewing recent complaints and reports that illegal institutions or personnel fraudulently used the name of private equity fund managers or senior private equity investment fund managers to deceive investors' trust, attract investors to join group chats, and purchase orders on their behalf. Private securities investment fund products, as well as tricking investors into downloading and registering fake trading apps or opening fake overseas securities company accounts to defraud investors.

Commentary: Investors should be more vigilant and beware of financial fraud.

 2  Private equity confidence rose in May, hitting a new high for the year

The latest data shows that the confidence index of private equity fund managers in May has now hit a new high in nearly a year, indicating that private equity fund managers are optimistic about the current market level and future prospects. From the perspective of position distribution, private equity funds with positions of 50% or more accounted for 82.1%, an increase of 1.1 percentage points from the previous month.

Comment: The confidence index and the overall position increase, indicating that private equity is relatively optimistic about the market conditions in May.

 3  More than 100 mutual fund managers left during the year

According to reports, more than 100 public fund managers have left since 2022, and many of them have chosen to join private equity institutions. The domestic "public and private" roughly began in 2007, and now there are a number of star fund managers or start-ups to open companies, or join big-name private equity. Judging from the performance of public fund managers who have turned to the private sector in the past, they have overall achieved better returns.

Commentary: The surge of "smuggling" of public fund managers is worthy of attention.

 4  Hedge Fund Giant Marshall Wace Forms Blockchain Investment Team

On May 5, Bloomberg quoted people familiar with the matter that Marshall Wace, the world's largest hedge fund company with an asset management scale of about $60 billion, is forming a team to invest in private blockchain-related companies and hiring William Benattar for the new team. It is reported that Benattar previously worked at Candy Capital, responsible for technology investment.

Brief comment: Looking forward to Marshall Wace's new actions in the blockchain industry.

 5  BlackRock becomes the first wholly foreign-owned public fund to participate in the QDLP pilot

According to reports, BlackRock Fund recently applied to participate in the Qualified Domestic Limited Partnership (QDLP) pilot, and the pilot qualification has been approved in May. In this regard, Tang Xiaodong, chairman of BlackRock Fund, said that he is optimistic about the potential and flexibility of the Chinese market for a long time. The approval of the QDLP business this time is a good opportunity for BlackRock to further introduce overseas investment and risk management experience. We hope to combine international practice with local conditions to provide Chinese investors with diversified and differentiated products.

Comment: Combining international practice with local conditions, Chinese investors will obtain more diversified and differentiated products.

 6  During the year, 17 private equity firms announced self-purchase

As of the end of April, 17 private equity firms have announced self-purchase since the beginning of this year, with a self-purchasing amount of 2.695 billion yuan, of which 13 private equity firms with 10 billion yuan are the main force involved in self-purchasing, with a total self-purchasing amount of 2.568 billion yuan. Private equity institutions such as Jiukun Investment, Magic Square Quantitative, and Lingjun Investment all have self-purchased amounts exceeding 100 million yuan.

Commentary: The wave of fund managers co-investing and self-purchasing has begun.

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