碰瓷大佬？腾腾爸手撕但斌业绩！

Core Viewpoint - The recent performance and controversies surrounding private equity manager Dan Bin have sparked debates, particularly regarding his fund's returns and comparisons with other fund managers like Wang Wen [2][16]. Performance Analysis - Dan Bin's private equity fund reportedly achieved a cumulative return of approximately 140% from 2023 to 2025, following significant losses in 2021 and 2022 [2][21]. - In 2021, Dan Bin's products experienced substantial losses, with over 90 products under his management losing more than 10% [18]. - The reported loss for 2022 was around -29.34%, ranking Dan Bin's firm among the bottom third of large institutions [20]. - For the years 2023 to 2025, Dan Bin's average return was 22% in 2023 and 60.59% in 2024, but he underperformed in 2025 with a return of 14.26% [21][22]. Comparison with Peers - Wang Wen's funds reportedly achieved a total return of over 220% in the same five-year period, highlighting a significant performance gap between the two managers [2][21]. - Dan Bin's overall return from 2021 to 2025 is estimated at 33.20%, with an annualized return of approximately 6%, which contrasts with the claims of annualized returns being below 5% [22][24]. Market Context - The performance of Dan Bin's funds, while not outperforming the ChiNext Index, did provide significant excess returns compared to the CSI 300 Index, which declined by -5.72% during the same period [24]. - The A-share market in 2025 was characterized by a structural bull market, yet Dan Bin's funds did not capitalize on this trend effectively, leading to investor disappointment [24]. Critique of Data Accuracy - The criticisms directed at Dan Bin by social media influencer Teng Teng Ba were based on inaccurate calculations and misinterpretations of performance data [18][29]. - Teng Teng Ba's own reported performance from 2021 to 2025 was only 4.46%, raising questions about the credibility of his critiques [24][29].