核心产品净值仅剩7毛钱，昔日“公募一哥”任泽松怎么了？牛市踏空真相曝光

Core Viewpoint - The A-share market is experiencing a bull market, with the Shanghai Composite Index approaching 3790 points, yet some prominent investors are missing out on this opportunity, leading to discussions about "missing the bull market" among investors [1][9]. Group 1: Performance of Key Fund Managers - Ren Zesong, a former top public fund manager, has seen his product "Jiyuan-Xiangrui No. 1" decline in value, with a unit net value of only 0.7370 yuan as of August 15, 2025, representing a nearly 26% decrease since its inception in May 2016 [3][4][7]. - Despite a strong market performance, Ren Zesong's other private fund products have not been publicly disclosed, and his investment style has shown significant volatility since transitioning to private equity [4][8]. - The performance of Ren Zesong's fund has been particularly poor during the recent bull market, contrasting sharply with the overall positive performance of private equity funds in 2025 [9][10]. Group 2: Market Trends and Investor Behavior - The overall private equity market has performed well in 2025, with an average return of 11.94% for 11,880 private equity securities products, and 86.97% of these products achieving positive returns [9]. - The bull market has been driven by various factors, including policy changes and market expectations, but some fund managers have failed to adapt their strategies, leading to missed opportunities [10][11]. - The current bull market is characterized by a focus on technology, high-end manufacturing upgrades, and consumer recovery, with a shift in capital towards new sectors [10][11].