Research On The Platformization Of Private Securities Investment Fund Company

With the acceleration of economic globalization and the construction of a unified national market,domestic capital has flourished,international capital continues to flow in,and investment market risks have become more diversified.People have widely realized the rationality and necessity of transferring financial management needs to professional investment institutions for management.The role of securities investment funds in the capital market has become increasingly prominent and has also ushered in a period of rapid development.However,domestic private fund managers are generally formed by core fund managers with a certain investment background.The licensing application and registration threshold are relatively low,the management scale is relatively small,and the fund investment strategy is relatively simple,which is prone to investment reaction lag or investment research errors,resulting in capital losses to customers or a significant withdrawal of the net value of the fund,which leads to the instability of the company’s income,and the scale development is less than expected.Faced with the challenges of the above market environment,it is an urgent task for M Asset Management Co.,Ltd.to improve its business level,expand its management scale,find a path in line with its own further development and carry out long-term layout planning under the condition of controllable risks.Based on the case of M Asset Management Co.,LTD.,this paper tries to study and discuss a set of operation mode based on the platform transformation of private fund companies.Based on the strategic analysis of M Asset Management Co.,Ltd.to obtain the advantages and disadvantages of the company,combined with the theoretical basis of the transformation of private securities investment fund into a platform development,as well as the comparison of domestic successful transformation of excellent platform private fund companies in the same period,the advantages and development potential of platform private equity compared with traditional private equity companies are studied.Specifically discuss the characteristics and risks of M Asset Management Co.,LTD.’s operation and management,study and introduce different teams to improve the company’s strategy complexity,business expansion ability and risk resistance ability,and discuss the necessity of its transformation;Finally,based on the problems faced by M Asset Management Co.,Ltd.before the transformation and the transformation content completed under the existing conditions,the situation of the completed program is analyzed,and combined with the problems that may be faced by further transformation in the future,the subsequent transformation program of M Product Management Co.,Ltd.is designed and discussed,the implementation process is explored,and the corresponding safeguard measures are studied.Finally,a complete set of transformation scheme design was formed.Through the research and discussion of this paper,the following conclusions can be drawn: First,the advantages of platform-based transformation lie in that the company will present the characteristics of multiple fund managers,multiple strategies and multiple products in the future,and multiple fund manager teams will share brand,research,compliance,risk control,market,operation and other back-office resources;The fund managers maintain continuous interaction with the platform.In the early stage,the company incubates the fund managers with the advantage of integration of capital and middle and back office.In the later stage,the fund managers feed back the company through performance and customer groups,forming a joint development model of individuals and enterprises;Secondly,platformization is a fund operation mode corresponding to the general single fund manager system of domestic private securities fund companies.It puts more emphasis on decentralization,weakens the company’s dependence on the single fund manager,and provides greater fault-tolerant space for the company’s development,resulting in higher strategic complexity,stronger market response ability,improved the anti-risk ability of enterprise development,and guaranteed the stability of enterprise development.