On February 8, a news spread in the fund circle that Gao Shan, the actual controller and fund manager of a private equity firm in Shanghai, disappeared during a night run in Binjiang on January 10, 2022.

The police recovered a body from the Huangpu River a few days ago and notified the family on the 8th to identify the body.

　　On the morning of the 8th, a company colleague familiar with Gao Shan told the First Financial Reporter that Gao Shan disappeared in early January, and then the company called the police and reduced its positions around mid-January to respond to customer redemption.

At present, the police have intervened in the investigation and contacted Takasugi's family for DNA comparison.

The reporter also found that Takasugi’s personal public account had updated its market strategy almost every week before (written by himself), but it has not been updated since January 1 this year.

　　Institutional and business people familiar with Takasugi said that he is easy-going and has experienced many rounds of bull and bear cycles in the market in terms of investment.

At the end of December last year, when Takasugi talked about the market outlook for 2022 at a forum, he said that after the Central Economic Work Conference at the end of 2021, the market risk appetite increased.

"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, I tend to think that there will be stronger policies to stabilize the traditional economy in its proper position. Related sectors may have More bad expectations."

　　For investment in growth stocks in 2022, Takasugi believed at that time that boom stocks such as new energy were more opportunities to fall out.

"For example, photovoltaics, the industry has witnessed rapid technological progress. A 'killer' can make a company make money for many years, but now it has become a rapid diffusion of technology, and everyone's cost curve has become flat. The current There are already relatively full expectations in the stock price, so the opportunities in this industry are more from everyone's expectations, that is, the opportunities that appear after the stock price falls due to the failure of expectations. After all, photovoltaic is still a technology improvement, cost reduction and efficiency increase. After that, the industry can expand its share.”

　　Relevant product information shows that Gao Shan is the actual controller/investment director of Shanghai Huanyi Private Equity Fund Management Co., Ltd. and has more than 16 years of experience in the securities industry.

He started in Taixin Fund and quickly grew up in Shanghai Investment Morgan Fund.

From 2009 to 2011, when the CSI 300 plummeted by 30% during the same period, it achieved an absolute return of 15%.

In 2013, he joined the private equity fund and founded the private equity Beilinshan Investment. He has achieved good performance of consignment products and FOF products in the Haitong Securities and Guojin Securities systems. In 2016, he ranked first in the long-short strategy category.

From 2020 to 2021, lead the team to rank among the top 100 private equity funds (2 billion to 5 billion groups) in the country.

　　According to the first financial reporter, before January this year, the company's asset management scale was nearly 4 billion yuan.

According to the data of private placement Pai Pai.com, Huanyi Cycle Guanfu No. 2, which has been established for less than 1 year (0.9 years), has a cumulative income of 46.25%, with a drawdown of 8.2% in the most recent month.

Previously, the company issued a USD fund for overseas customers (Wanshan Global Industry Advantage Fund, Cedars Global Industry Advantage Fund), which mainly invests in US stocks, Hong Kong stocks and other markets, and can also invest in Shanghai-Shenzhen-Hong Kong Stock Connect by going north. The return was nearly 240% at one point.