But Bin's Orient Harbor Hongyuan Phase 2 Private Securities Investment Fund net asset value per unit fell to about 0.63 yuan.

Amid market volatility, private fund performance has come under widespread pressure, with the net asset values of products managed by many well-known managers falling below 1 yuan, becoming "sub-1-yuan funds." The latest net value report for Dongfang Harbor Hongyuan Phase 2 Private Securities Investment Fund, managed by Dan Bin's Dongfang Harbor, shows that as of October 30, the fund's unit net value had fallen to approximately 0.63 yuan. Data from Simuwang shows that during the same period, the net value of products managed by Wu Yuefeng, a prominent private fund influencer and fund manager at Jiayue Investment, fell even further to 0.55 yuan, with a maximum drawdown of over 70% this year. In addition, products under several leading quantitative private funds have also become "0.7-yuan funds." Channel sources revealed that since October, market volatility has intensified, especially with notable drawdowns in the technology sector. Against this backdrop, private funds heavily positioned in technology or with relatively aggressive style exposure have seen net value drawdowns. However, in the view of industry insiders, after October's rapid adjustment, the number of stocks with reasonable or even undervalued valuations continues to increase, and market opportunities are brewing. "Going forward, one can consider buying on dips and increasing holdings in risk assets with fundamental support in batches."