Actually, it's not really about changing people.
Do you think their skills are poor?
Not necessarily.
If you don't believe it, just take a look at the profitability of their previous small scale fund, it's guaranteed to be impressive.
Every fund manager managing large capital is an elite, but the nature of public funds decides it's an IQ management fee. Stay away, don't buy!
As a private fund, Han Lie's most flexible aspect is position management.
All those big and small monsters and short-term explosive power are meaningless. Being full position when rising and empty position when falling is enough.
...
On Thursday, the Shanghai Composite Index rebounded, and then fell back again on Friday.
Han Lie took advantage of the opportunity to raise positions to 8 billion and began to use the leverage provided by CITIC, heavily investing in the three major ports.
Overall, there's profit, but not much.
