The Factors Affecting The Operational Performance Of Sunshine Private Equity Funds In China

Since 2004,China's private equity fund has been 12 years of development.After more than 10 years of development,private equity funds in China is currently in a period of rapid development.As the private equity fund in the information disclosure is often imperfect,and the domestic private equity fund started slowly.So taking into account the availability of data,this study is mainly about the sun private equity fund.Allowing the actual investment management of private equity fund background in a certain extent which makes the industry differentiation significantly.Therefore,when talk about how to choose the sun private equity products,it is critical to consider the actual investment manager.In the private sector,in addition to receiving a higher management fee,but also to receive part of the profitability of the fund as a commission fee,so the selection of fund managers for investors is very important.In view of this,this paper will proceed from the perspective of Sunshine private equity managers,and select the personal characteristics of the fund managers to further analyze the characteristics of its relationship with the performance of the fund.On the basis of research on the performance factors of securities investment fund at home and abroad,this paper focuses on the influence of personal characteristics of Sunshine private equity fund manager on fund performance.The article identifies some of the traditional variables that may affect the personal characteristics of fund managers that may affect the performance of Sunshine Private Equity.Such as background,educational background,business time and so on,as well as the sum of the largest retracement rate and the shareholding ratio of Awkwardness,through the literature research,regression analysis,the establishment of a regression model,the stability and On the other hand,two more meaningful conclusions are drawn:First,during the observation period,the maximum retracement rate of the fund products is bigger,and the Fund performance is significantly more positive correlation,the second is the number of fund managers to manage the fund,but also with the performance of the fund is significantly positive correlation.