On February 8, a news spread in the private placement circle – Gao Shan, the actual controller and fund manager of a private placement institution in Shanghai, disappeared during the night run along the riverside on January 10, 2022. according to media reports, takasugi disappeared in early January, and then the relevant companies have called the police.
According to the report of surging news and securities times on the 8th, police have confirmed the death of takasugi.
According to the data of the fund industry association, Gaoshan is the actual controller of Shanghai beilinshan Investment Management Co., Ltd. (hereinafter referred to as Shanghai beilinshan), holding 87% equity; In addition, Shanghai Huanyi Private Equity Fund Management Co., Ltd. (hereinafter referred to as Shanghai Huanyi), a private equity company intersecting with Gaoshan, which holds 35% equity. However, according to the information on Shanghai Huanyi’s official website, in October 2020, Wang Ying signed an agreement with Gaoshan to transfer 100% of Huanyi’s equity, and Gaoshan became the actual controller of Shanghai Huanyi.
site visit: the company’s door is closed several houses have been refunded
On February 8, the daily economic news reporter visited Shanghai beilinshan Investment Association’s registered office address: unit 705, building 5, German Center, No. 88 Keyuan Road, Pudong New Area, Shanghai.
The reporter noted that building 5 of the German Center is a commercial and residential building, and the door of room 705 is closed. According to the property, room 705 has now been withdrawn.
The local property staff told reporters that a group of people rented several rooms in building 5 of the German Center and registered several companies, all of which were operated and managed by the same group of people. At present, several rooms, including room 705, have been withdrawn, leaving room 711 for rent.
“The name you said (Shanghai Beilin mountain) has been mentioned by them, but (the company’s famous brand) has not officially appeared. The rooms rented between them all correspond to the name of room 711 (tenant).” The property person added.
Then every reporter came to Shanghai Huanyi Private Equity Fund Management Co., Ltd., another private equity company held by Gaoshan, with its office at room 2703-2705, Shanghai SK building, No. 149 Youcheng Road, Pudong New Area, Shanghai. According to the official account of the company, the company staff said that the company is currently working normally and will not receive the media for a while. Then there will be relevant announcements on the WeChat public number.
takasugi: pursue the concept of “absolute return value investment”
Judging from the resume of takasugi, he worked as a researcher in the research department of Taixin Fund Management Co., Ltd. from September 2006 to March 2007; From March 2007 to June 2009, he served as an industry expert and deputy research director in the investment research center of Shanghai Investment Morgan Fund Management Co., Ltd; Served as the manager of Cathay Pacific Fund Management Co., Ltd. from June to November 2011; From December 2011 to July 2012, worked as an investment manager in the investment department of Shanghai Kaishi Investment Management Co., Ltd.
Later, Gaoshan founded Shanghai beilinshan Investment Management Co., Ltd. and served as the investment director of the investment department of Shanghai beilinshan Investment Management Co., Ltd. from September 2013 to December 2017; From March 2018 to now, he has served as the investment director of Taicheng Capital Management Co., Ltd.
Takasugi, an industry researcher, has tracked many cyclical sectors such as bulk commodities, coal and building materials, and also ran out of the popular TMT industry. Takasugi believes that he pursues “absolute return value investment under the guidance of the supply school”, but China’s economy is a “combination of the supply school and the new economy”, so we can finally win by grasping both value and growth. Practice has proved that compared with the pure value type or stock selection type fund manager, he is better at grasping the style switching of the market.
Takasugi has experienced many rounds of market bull and bear cycles in investment. On March 9 last year, at the Symposium on Guotai Junan Securities Co.Ltd(601211) spring cycle, Gaoshan was the first to share. It is reported that the latest platform of Gaoshan is Shanghai Huanyi Investment Co., Ltd.
At the same time, the data show that among the current management of the GEM listed company Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) , there is an independent director named “Gaoshan”, who is the actual controller of Shanghai Beilin mountain from his resume
Image source: Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) announcement
And Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) also issued a suggestive announcement on the loss of contact of independent directors on February 8, saying that the company could not get in touch with Mr. takasugi, the independent director of the company, who was in a state of loss of contact. The specific situation of Mr. takasugi’s loss of contact still needs to wait for the investigation results of the public security organ. Up to now, the company has not been able to understand the specific reasons for Mr. takasugi’s loss of contact.
Shanghai Huanyi: the product operates normally can be redeemed normally during the opening period
Today, the reporter of “daily economic news” contacted the staff of Shanghai Huanyi private equity fund by telephone as an investor. The staff member told reporters that at present, all products of the company operate normally. If investors have redemption demand, they can redeem normally during the opening period. When asked about Gaoshan, the staff member said that it would be disclosed on the company’s website according to the progress of relevant matters. When asked about the docking of products in the future, the staff member was more vigilant and began to ask the reporter which channel the customer of the company was, and said that further communication could be made only after confirming the identity of the customer.
At the same time, the reporter also contacted people familiar with takasugi by telephone. The person said that he had already left the private placement company and had just heard of the accident in Gaoshan, so he didn’t know the specific situation. However, according to the report of China business news, the relevant companies have called the police after Gaoshan disappeared and reduced their positions around mid January to deal with customer redemption. At present, the police have been involved in the investigation. Meanwhile, reporters also noted that the official account of Gao Shan had almost updated its marketing strategy almost every week, but it has not been updated since January 1st.
At the end of December last year, when talking about the market outlook for 2022 at a forum, Takayama said that the excess returns of companies that have been fully exploited by institutions in the past two years are very small. By the middle and late 2022, he tends to “have stronger policies to stabilize the traditional economy in its due position, and there may be more poor expectations in relevant sectors.” For the investment in growth stocks in 2022, takasugi thought that boom stocks such as new energy were more opportunities to fall out, “For example, photovoltaic industry has witnessed rapid technological progress. A ‘killer’ makes a company earn money for many years, but now it has become a rapid diffusion of technology and everyone’s cost curve has become flat. After all, photovoltaic is still an industry that can expand its share only after technological progress, cost reduction and efficiency increase.”
eight of the 10 products of Shanghai beilinshan investment are liquidated in advance
According to the data of the fund industry association, Shanghai beilinshan Investment Management Co., Ltd. was established on August 23, 2013, with a management scale of RMB 0 ~ 500 million. The last update time of relevant information is June 20, 2020. The actual controller is Gao Shan, who is also the legal representative and general manager of the company.
Source: Fund Industry Association
From the equity structure of Shanghai beilinshan Investment Management Co., Ltd., Gaoshan holds 87% equity of Shanghai beilinshan investment, Zou Yi holds 5% equity of Shanghai beilinshan investment, and Ding Ning holds 8% equity of Shanghai beilinshan investment
Source: Fund Industry Association
According to the data of the fund industry association, there are a total of 10 private placement products registered by Shanghai beilinshan investment in the association, of which 8 products have been liquidated. The products that have been cleared include No. 1 private equity investment fund of beilinshan special account, No. 2 private equity investment fund of beilinshan absolute return, No. 2 securities investment fund of beilinshan Ruyi, No. 1 private equity fund of beilinshan absolute value special account, No. 2 securities investment fund of beilinshan absolute return, No. 1 private equity investment fund of beilinshan new blue chip, No. 1 asset management plan of beilinshan Ruyi, etc.
More than 1237 products of Shanghai Yihuan this year}
Shanghai Huanyi Private Equity Fund Management Co., Ltd. was established on September 6, 2013 and registered with the association on June 4, 2014. The organization type is the manager of private securities investment fund, and the management scale of the company is between 2 billion and 5 billion. The actual controller of the company is Wang Ying, who is also the legal representative and chairman of Shanghai Huanyi private equity fund
Source: Fund Industry Association
According to the data of the fund industry association, from the perspective of the company’s equity structure, Wang Ying holds 60% equity, Gao Shan holds 35% equity and Gao Xianwei holds 5% equity.
However, when checking the official website of Shanghai Huanyi Private Equity Fund Management Co., Ltd., the reporter clearly stated in the column about us introduced by the company: “in October 2020, Wang Ying signed an agreement with Gaoshan to transfer 100% equity of Huanyi, and Gaoshan became the actual controller of the company”
Source: Official Website of Shanghai Huanyi Private Equity Fund Management Co., Ltd
According to the data of the fund industry association, Shanghai Huanyi private equity fund has recorded a total of 50 private equity products in the fund industry association. From the introduction, Shanghai Huanyi private equity fund focuses on key industries and fields such as large consumption, medicine and biology, military industry, TMT, new energy, nonferrous metals and chemical industry
Source: private placement network
It is worth noting that according to the data of private placement network, Shanghai Huanyi private placement fund has a total of 13 products, most of which have lost more than 10% this year. For example, the unit net value of Huanyi Weishan and guang22 as of January 31 this year was 1.096, with a loss of 12.32% this year. The product has been established for less than one year, and the maximum pullback of the product range exceeded 18%. In addition, the unit net value of Huanyi Weishan Heguang No. 10 as of January 31 was 1.267 yuan. The product has also been established for less than one year, with a loss of 12.38% since this year, and the maximum pullback of the product range exceeded 18%.
