[Pinellia ternata investment Li Bei: may admit mistakes and reduce real estate stocks]-recently, Li Bei said in the Pinellia Macro hedge May report that the funds under management retreated greatly in May. One reason is that the real estate stocks held and the back-end building materials and household appliances stocks related to the completion of the real estate chain have fallen sharply; the second is that the decline of long positions in commodities is much greater than that of short positions in commodities. She pointed out that measures to further strengthen risk management will be taken. Due to the influence of liquidity, it holds property stocks of several state-owned enterprises with a market capitalization of tens of billions of yuan, and it takes more than a week to reduce positions and admit stop losses, so that the net worth shock lasts for a long time. It is reported that the macro hedging yield of Pinellia ternata was-9.82% in May and-5.5% for the year. (reporter Yan Jun)