Research On Operational Risk Measurement And Regulatory Countermeasures Of Sunshine Private Equity Fund

With the rapid development of China’s economy,the group of customers with plenty of treasure is also expanding.Private equity funds have the characteristics of collective financial management,professional investment and high profitability,so they are more and more favored by investors.In view of the similarities between sunshine private equity fund and American hedge funds in terms of qualified investor restrictions,fee structure,liquidity,publicity and promotion restrictions,and the maturity of many scholars’ research on the operational risk of American hedge funds,this paper selects the operational risk of sunshine private equity fund as the research object.It is committed to exploring the factors affecting the incidence of operational risk of the fund from the quantitative level,so as to provide an effective basis for the targeted supervision of the operational risk of sunshine private equity fund.Firstly,starting from the current situation of sunshine private equity fund,this paper deeply analyzes the development situation,operational risk management status and future development trend prediction of sunshine private equity fund in China;Then,in order to distinguish the concept of sunshine private equity fund and its definition of operational risk,this paper fully analyzes and compares its conceptual characteristics with the conceptual characteristics of public fund,private equity investment fund and hedge fund,and expounds the theoretical basis of operational risk management of sunshine private equity fund;In the empirical part,the logit regression relationship between the occurrence probability of operational risk of sunshine private equity fund and the factors leading to its occurrence is established,and the specific impact of each factor change on the occurrence rate of operational risk is analyzed through the average marginal effect.At the same time,taking the maximum pullback as the standard,this paper divides the samples into two groups.After grouping and regression,it is found that the three factors of fund investors’ query account opening rate,related risk and institutional prompt information have significantly different effects on the incidence of fund operational risk.In view of the above empirical results,this paper focuses on reducing related risk,strengthening information disclosure management in terms of improving the filing system of private equity funds and increasing the fund information disclosure inquiry system and the opening rate of investors’ inquiry account,this paper puts forward corresponding supervision countermeasures for the operational risk management of sunshine private equity funds from two aspects: the internal management of fund managers and the external supervision of relevant regulatory departments.In the process of discussion,this paper focuses on the operational risk of sunshine private equity fund with some innovation in measurement methods.When measuring it,logit regression method is used,and the impact of various factors on the incidence of operational risk of sunshine private equity fund is quantitatively analyzed through the average marginal effect,which provides a sufficient basis for putting forward targeted regulatory countermeasures.It is hoped that the research results of this paper can help improve the operational risk management strategy of sunshine private equity fund in China.