Chapter 43: The Amagi Fund
On the 38th floor of a skyscraper in Pujiang's Lujiazui financial and trade district, Amagi Fund Management is holding a monthly monthly meeting of fund managers.
Since the stock market is still in a bear market, the faces of many fund managers are not good.
Amagi Fund is a veteran fund company, and most of its fund products were established during the bull market in 2000.
After four years of bear market in the stock market, almost all kinds of equity funds and hybrid fund products under fund companies have fallen below the net value of $1.
The net value of several miserable products has even fallen below 0.5 yuan, and there is only one step away from liquidation.
He Pengyue, the moderator of the meeting, read out a report on the latest corporate operations, including the changes in the net value of each fund under Amagi Fund, fund rankings, share changes, etc.
After reading out the report on the operation of the fund, He Pengyue glanced at everyone with a sharp eye and said: "The total number of shares of equity funds decreased by 1.38% last month, which is the eighth consecutive month that the shares have decreased. Everyone's talking about what to do? ”
Although the public fund company holds a large amount of funds in its hands, in order to safeguard the interests of the people and prevent rats, the main body of the fund company itself is not allowed to participate in capital operation.
All the income of a mutual fund company comes from fund management fees, which are completely dependent on fund shares.
The performance of the funds managed by the fund company declined, and as a result, a large number of funds were redeemed by the people, and the company's income fell sharply.
In the face of He Pengyue's aggressive gaze, the fund managers who were losing money hurriedly lowered their heads one by one, afraid that He Pengyue would take responsibility for themselves.
Among the fund managers, there is only one person whose expression is different from the others, and this person is Wang Yawei, the fund manager of the Amagi Growth No. 1 Equity Fund.
"Wang Yawei, among so many equity funds recently, your fund net value performance is the best, so it's better for you to tell you about what is a good way to improve the performance of the fund."
Wang Yawei smiled at everyone, pretending to be modest and said: "The best performance or something is just a fluke, mainly because the Tiancheng Growth No. 1 I managed held a heavy position in Jiangzhou Machinery some time ago, and as a result, the performance of this stock in the recent period has been very good, and the net value has naturally increased a lot."
However, after I have an in-depth understanding of this stock, I found that the actual value of this stock is far more than that, and the stock price has more room to rise in the future, so I recommend that you continue to buy Jiangzhou Machinery. ”
Wang Yawei was one of the first fund companies to buy this stock after the restructuring of Jiangzhou Machinery. The reason for buying this fund in the first place, he publicly stated that he was optimistic about the performance of the company after the restructuring.
But the truth of the matter is clearly not so simple. The reason that really prompted him to buy Jiangzhou Machinery was because of his friend Lu Jialiang from his college days.
Wang Yawei and Lu Jialiang are classmates majoring in finance at the same university, because they have similar personalities and similar interests, and since they were in college, the two have become good friends who talk about everything.
After graduation, Wang Yawei joined the Sky City Fund, while Lu Jialiang embarked on the road of sitting in the bank. Although they chose different paths, the two of them are still very good friends in private.
This time, Tiancheng Growth No. 1 Fund bought Jiangzhou Machinery in a big way, which was Lu Jialiang's idea for Wang Yawei.
After the resumption of the reorganization of Jiangzhou Machinery, Lu Jialiang found Wang Yawei and told Wang Yawei about his situation in Jiangzhou Machinery and his future trading plan and inventory, and told Wang Yawei without reservation.
Lu Jialiang's purpose in looking for Wang Yawei is to hope that he will use the Tiancheng Fund at hand to cooperate with him to speculate Jiangzhou Machinery.
Lu Jialiang has nothing to scruple about telling Wang Yawei about his trading plan, not that Lu Jialiang trusts Wang Yawei much, but because even if Wang Yawei knows the truth of the whole thing, there is no way to damage Lu Jialiang's interests.
The cost of Lu Jialiang's establishment of ST agricultural machinery, that is, Jiangzhou Machinery after the reorganization, is only 4 yuan, and the stock price of Jiangzhou Machinery after the reorganization is above 10 yuan. Therefore, no matter how the stock price changes in the future, Lu Jialiang will make sure that he will not lose money, and the difference is only a matter of earning more and earning less.
In order to make more money, Lu Jialiang needed to further raise the stock price of Jiangzhou Machinery, so he thought of his good friend Wang Yawei, who is a fund manager.
As a result, everyone has seen that under the coaxing of Lu Jialiang and Wang Yawei, the share price of Jiangzhou Machinery has risen from more than 10 yuan after the reorganization and resumption of trading to more than 15 yuan, an increase of nearly 50%.
Letting the Tiancheng Fund managed by Wang Yawei help raise the stock price of Jiangzhou Machinery is only the first step in Lu Jialiang's entire plan, and the next second step is to persuade other brands under the Tiancheng Fund to further eat the chips in his hand through Wang Yawei.
The use of public funds to ship is a secret new method of stock market makers.
The biggest advantage of this method is that the shipment volume is large and fast, no risk, all the dealer needs to do is to hand over all the chips at hand to the fund company, and the fund company will assist in completing the rest of the shipping tasks.
In this process, the market maker has to pay a large fee to the fund company, which of course is done in private.
Wang Yawei is the fund manager of Tiancheng Growth No. 1 and has high management authority over this fund product, so his decision to buy Jiangzhou Machinery with a heavy position was not interfered with too much by the senior management of the fund company. After Jiangzhou Machinery soared, he became a star manager within the company because of this purchase decision.
And now, when Wang Yawei suggested at the monthly meeting of the fund that other fund products of the fund company continue to buy Jiangzhou machinery, the voice of opposition suddenly popped up.
"After the restructuring of Jiangzhou Machinery, the future performance is still unknown. What's more, the stock price has risen so much in the past few months, and the risk of continuing to buy in this position is too high! ”
All the fund managers present knew that Wang Yawei was in 10 more than 10 Jiangzhou machinery, and they were all envious, jealous and hateful. How would they be willing.
A fund manager who usually looks down on each other with Wang Yawei took the opportunity to ridicule: "That is to say, Wang Yawei, we know that you have done a good job in buying Jiangzhou Machinery, but you will accept everything if you want to see it." Everyone here is not an idiot, who can't see that Jiangzhou Machinery is only a Zhuang stock, at this time you still let us increase our position, I doubt your purpose. ”
"Okay, now we're doing a regular meeting to discuss, don't talk about irrelevant things." He Pengyue saw that the atmosphere was not right, and hurriedly stopped the topic just now.
He Pengyue, the insider of Jiangzhou Machinery, actually knows a little, but from the perspective of unity and performance within the company, at this time he must maintain the status of Wang Yawei, a meritorious minister.
Looking at the people who were no longer speaking, He Pengyue continued: "Don't say that grapes are sour if you can't eat them.
Wang Yawei has achieved excellent results recently, which should be commended.
As for what means are used in this process, as long as they do not violate the company's and industry regulations, and can increase the company's benefits, it is worth learning.
Next, for the question that Wang Yawei just raised that he hopes that the company's other funds will continue to increase their positions in Jiangzhou Machinery, I hope that Wang Yawei can give you a more convincing reason. ”
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