传奇基金经理出手了！

Group 1 - The core viewpoint of the article highlights the impact of Trump's threats to impose tariffs on the EU and Apple, which has led to a significant decline in the U.S. stock market, particularly affecting major tech stocks like Apple [1][2] - The S&P 500 index has experienced a four-day decline, with Apple leading the drop among the tech giants, marking an eight-day losing streak [1] - Bill Ackman, a prominent hedge fund manager, has taken advantage of the market dip by buying Amazon shares after a significant price drop due to tariff concerns, indicating a potential undervaluation of the company [1][2] Group 2 - Ackman's investment strategy is supported by two main reasons: the resilience of Amazon Web Services (AWS) as the core profit driver and the limited impact of tariffs on Amazon's retail business, as less than 15% of its self-operated products are imported [2] - Ackman is recognized for his legendary investment acumen, having predicted the subprime mortgage crisis in 2007 and profiting significantly during the COVID-19 pandemic [2] - The article notes Ackman's strategic timing in selling Nike shares before the tariff announcement, raising questions about his investment decisions and market timing [2][4] Group 3 - Yang Dong, another notable fund manager, has made significant adjustments to his investment portfolio in April, reducing exposure to convertible bonds while increasing investments in sectors like real estate, power, and chemicals [5] - Yang's focus on domestic demand growth and the stabilization of the real estate market is seen as a key strategy for future investments [5] - He emphasizes that stocks remain a favorable investment choice compared to fixed-income assets, citing the potential for structural opportunities in consumption, healthcare, and new infrastructure [5] Group 4 - The first batch of new floating-rate funds has been rapidly approved, reflecting regulatory attention to enhancing the public fund industry [6][10] - These funds will feature a performance-based fee structure, linking management fees to investment performance, which is expected to improve active management capabilities and align interests between fund managers and investors [10][14] - The floating-rate funds are designed to encourage long-term investment by requiring a minimum holding period of one year to benefit from fee adjustments, thereby reducing short-term speculation [14]