Throughout January, Lu Liang stayed mostly secluded.
Just like a hibernating brown bear, he continually suppressed his hunger, waiting for the springtime to feast.
On the 25th, Tianxing Phase One private equity fund updated its net asset value, with only a 3.55% increase for the month, earning just 3.55 million US Dollars.
Five days later, Tianxing II private equity also updated its net asset value, with a first-month increase of 4.25%, earning only 42.5 million US Dollars.
Although this return greatly disappointed many investors, they still had tremendous confidence in Lu Liang.
Because the worst fear is comparison, throughout January, due to the stock market's circuit breaker activating twice in the first few days.
Whether private or public funds, all showed losses.
Lu Liang managed to issue an early warning, and still realize profits, which was already incredibly impressive.