Li Beiduo's private equity products achieved the worst annual performance.

The product with the largest decline, which has fallen by 24.5% so far this year, with the maximum weekly decline exceeding 15%, after several products managed by the company achieved their worst annual performance since their establishment, "Private Equity Witch" Li Bei still has not changed her investment judgment. Data from the Private Equity Ranking Network shows that the well-known private equity fund Banxia Investment's product Banxia Stable Mixed Macro Hedge saw a 15.03% decline in its net value last week. As of June 18, the product has a year-to-date return of -24.5%, significantly underperforming the 6.73% return of the Shanghai and Shenzhen 300 Index during the same period. The company still has 3 other products with performance displays, all of which experienced significant retracements in their net values last week, with negative year-to-date returns. In response, Li Bei stated in a letter to investors that the four main equity positions in energy, real estate, consumer goods, and building materials all experienced significant declines last week, leading to a significant pullback in the fund's net value. She also reminded investors that the trigger conditions for the bursting of the AI bubble have already appeared, and if investors want to use this money to chase AI, they should do so with caution. However, investors seem to have already "abandoned" Banxia Investment. After falling below the one billion mark in 2025, the company's managed assets have further declined to a range of 2 to 5 billion yuan.