Li Bei responded harshly to the 31% drop in net worth: "Laugh at me, I'll first take a look at myself."

Recently, the net asset value of the private equity witch Li Bei's products plummeted, prompting questions from netizens. Li Bei responded defiantly. Online images show that Li Bei's masterpiece "Banxia Stable Hybrid Macro Hedging" had a net asset value of 8.11 yuan on May 8, but by June 18, the value had plummeted to 5.6 yuan, a rare 31% drop in just 40 days. During that time, the Shanghai and Shenzhen 300 Index rose by 1.43%, while this product underperformed the benchmark by over 32 percentage points. In response, Li Bei said on social media platform: "1. Don't just look at others' low volatility products when they are rising, and then look at others' high volatility products when they are falling. 2. If you expect me to continue being unlucky like last year's so-and-so, I'm sorry to disappoint you. Our risk management framework has always been strict. Over the past week, we have been reducing positions according to our risk budget every day, so there aren't many positions left to be unlucky with. 3. High volatility products might fall back over 10% from their peak, while low volatility products might only fall by single digits. I don't see anything to mock about this, so before mocking us, take a look at yourself first."