沪指再破4000点之际，知名基金经理杨东宣布“封盘”！宁泉资产今起暂停新投资者申购

Core Viewpoint - Ningquan Asset, led by investor Yang Dong, announced the suspension of new investor subscriptions for all its funds starting October 30, 2025, while existing investors can still make additional subscriptions [3][9]. Group 1: Company Actions - Ningquan Asset will not accept new subscription applications from new investors, but existing investors can continue to add to their investments [3]. - The company has a management scale that has surpassed 40 billion yuan as of the first quarter of this year [7]. - The firm has been cautious about market conditions, particularly regarding the A-share index surpassing 4000 points [7]. Group 2: Market Context - On the day of the announcement, the Shanghai Composite Index rose by 0.7% to close at 4016.33 points, marking a 10-year high, but subsequently fell by 0.73% to 3986.90 points the following day [3]. - The private equity market remains active, with 806 new private securities investment funds registered in October, an increase from 721 in September [9][10]. - The number of private securities investment funds registered in the first three quarters of this year reached 8935, a significant increase of 89.38% compared to the same period last year [9]. Group 3: Investment Strategy - Ningquan Asset has focused on traditional industries and has not chased market hot spots, resulting in a slower net value performance compared to the market [7]. - The company holds significant positions in sectors such as real estate, basic chemicals, and power equipment [8]. - Despite the market's rapid rise, Ningquan Asset remains optimistic about the potential for a "slow bull" market, hoping for a steady progression rather than a rapid decline [7].