10 institutions dropped out of the private sale echelon of hundreds of billions

On February 17th, Jinshi Data reported that since the beginning of the year, the private sale teams with billions of dollars have experienced a reshuffle. The latest statistics from the private sale ranking network show that as of February 13th, 10 private sale companies have dropped out of the billion-dollar level this year, including well-known institutions such as Banxia Investment, Panson Asset, and Yuanxin Investment. At the same time, one private sale company has counter-trended into the billion-dollar level. In the eyes of industry insiders, the number of billion-dollar private sales has significantly decreased. On the one hand, this is due to the increasing redemption pressure at the end of the year and the beginning of the year. On the other hand, in the process of the industry moving towards high-quality development, the stability of medium and long-term performance and the improvement of compliance have replaced short-term performance, becoming the main criteria for funds to choose private sales. In the future, not only the top teams, but the entire private sale industry will accelerate the process of survival of the fittest, where comprehensive strength including compliance, investment research, corporate governance, etc., will be the basis to ensure the long-term development of fund managers.