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A manager with 359 losses this year “admits incompetence” and writes a reflection letter to investors
Entered 2024.12.29 6.18 am
Modified 2024.12.29. 6.19 am
Original text of article
Reporter Lee Ji-heon
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Singapore Kwon Kwon Chi Partners CEO “Buy when you need to sell and sell when you need to buy”
Don’t understand Nvidia investment, “perception of getting older”. Investment loss on Naver etc.
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(New York-Yonhap News) Correspondent Lee Ji-heon = A hedge that suffered a loss of more than 30% this year and has entered the liquidation process.
Investors will post a ‘reflection statement’ in which the CEO blames himself for his inability to keep up with the market trend
Now, the Wall Street Journal (WSJ) reported on the 28th (local time):
According to reports, Richard Toh CE of Singapore-based hedged Kwonrich Partners (Kwonwonchi)
0 In a letter to investors earlier this month, Chief Investment Officer (C) said, “I am good at what I do.”
“I’m sorry to disappoint you.” “Some of you will already realize that.”
“Do it,” he said.
The reason why TOCO sent this reflection to investors was not because of the poor management performance of this year’s fund:
‘Omuller Ashiya Pyeond’, which has a management scale of about 50 million dollars (about 73.8 billion won), has a profit of 35.49 this year.
Losses were recorded, and monthly losses of 7.99 were eliminated only in July 1st.
On the other hand, the Ex-Japan Ashiya Stock Benchmark, which this group used as its performance standard, gained 8.6% during the same period.
WSJ has an introduction.
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Even if you don’t select stocks and only invest in Inducs, which is mainly based on benchmark performance, you won’t suffer a loss.
This means that more than 8% of veterinary material will be collected:
CEO Sat said, “I want to let go of almost all of the major themes in the market over the past two years,” and added, “Am I completely out of sync with the market?”
“I boiled it when I had to sell it and sold it when I had to buy it,” he reflected.
CEO Sat revealed that his company’s computer developer only holds one Nvidia stock in his personal stock account.
Introducing an anecdote that asked about the background, he said, “Sometimes the best investment cannot be explained accurately, and it may be difficult to explain.”
“I learned that it doesn’t make sense,” he said. “It also taught me that I’m getting too old.”
wash.
Although he does not believe that NVIDIA is unsuitable for investment, NVIDIA has been closed until the 27th of this year.
1779 I am surprised.
CEO Sat found out that the computer developer who had invested in Nvidia did not even hold Bitcoin and decided to invest in Ethereum.
WSJ reports that even though Bitcoin is jumping in, it is unlikely that the results of Bitcoin’s dramatic performance will decrease.
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Although his entire investment portfolio was not disclosed in the letter, it was among the top holdings as of the end of 1971.
It appears that non-TSMC, Naver, and Chinese smart horn lens company Sunwoo Optical Tech are included.
TSMC had an all-cut of about 809 as of the 27th of this year, but Naver fell 12% this year, and Sunwoo Optical Tee
Size has remained flat this year.
Considering that the overall loss rate is 309 units, the loss in other investment targets is higher.
It is assumed that
Toh CEO revealed to investor Seo Ha that Ashiya Perdrum, the five country leader, will be the first to resign this year.
The fund manager also got into trouble.
Don’t be too discouraged if you lose money in stocks.