The fund manager was transferred to work as a security guard due to poor ability?


　　 Insiders: The lack of relevant announcements may be a spoof

　　Towards the end of the year, the year-end ranking of the fund industry is about to be released. Many funds are facing liquidation due to poor performance, and some former star products are facing cutbacks.

Yesterday, it was reported on the Internet that a fund manager was transferred to a security guard due to poor work ability, which caused heated discussions.

　　No related announcements were found in the online transfer information

　　Yesterday, a "post adjustment notice" was circulated on Weibo.

The picture shows that an employee was transferred to a security guard due to his poor personal work ability. He was required to complete the work handover within 2 days and report to his new position on December 20.

If you fail to report within the time limit, you will be dealt with in accordance with the company's rules and regulations.

The financial blogger whose Weibo ID is "History into the city" was the first to publish Weibo, saying that "I saw a notice of job adjustment for a Shenzhen public fund and changed the job of a fund manager to a security guard." Said, "Isn't this just layoffs in disguise? Is this year's small public offering so sad?"

　　Some financial bloggers said that they already know which small public fundraiser is.

The fund manager is indeed managing a mini fund with a scale of less than 200 million yuan.

　　A reporter from the Beijing Youth Daily inquired about the announcements issued by various fund companies and found no relevant information about job transfers.

The rumors have not been confirmed in the industry.

Many insiders in the fund industry said that this may be just a spoof. Public funds exchange fund managers usually make announcements. Even for private equity funds, such an extreme approach is unlikely.

　　Fund performance differentiation-education theme fund cut in half

　　It may be a spoof for fund managers to be transferred as security guards, but it is an indisputable fact that the general returns of fund products this year have been dismal.

According to Wind data, as of December 24, among the open-end funds (non-monetary and QDII) categories, 3243 had negative returns during the year, accounting for nearly a quarter.

Among them, 87 funds fell more than 20% during the year, and many funds such as "Founder Fubon Innovation Power" fell more than 30%.

QDII funds have become the worst-hit area for the decline, with a decline of more than 30% during the year everywhere, and they are all products of well-known public equity fund companies.

　　Statistics show that the net growth rate of many tens of billions of funds has remained negative since its establishment this year.

Statistics show that among the 12 active equity funds established in the first quarter of this year with a total issuance of RMB 10 billion, 8 have had negative yields since their establishment.

Among them, the worst-performing fund has lost 17.99% since its establishment in early January.

　　Bosera Global China Education has fallen by more than 50% this year, ranking first among nearly 14,400 public funds.

It was established on June 8 this year, and in July it caught up with the "Double Reduction Opinions" and finally landed. By the end of July, the fund's net value was almost cut in half, plummeting 43.79%.

　　As of December 27, the fund's latest net value was 0.4536 yuan, a 52% drop during the year, which was successfully cut in half.

The fund's holdings in Zhong Gong Education, HKUST iFlytek, New Oriental, CVTE, and Good Future accounted for more than 5% of the fund's net worth.

　　Fund returns this year are mainly polarized. There are still many doubling fund products, such as "Qianhai Kaiyuan Public Utilities" and "Qianhai Kaiyuan New Economy A". The returns this year (as of December 24) are as high as 122.35% and 106.26. %, occupying the top two income rankings, nearly a hundred mutual funds have more than 50% income during the year.

　　Related

　　Shanghai DaV Private Equity was liquidated within 9 months after its establishment

　　On the evening of December 24, Shanghai Snowball Leader No. 1A issued a private equity investment fund liquidation announcement, announcing that this private equity fund has officially entered the liquidation mode.

Shanghai Snowball Leader No. 1A Private Equity Fund was established on March 9th this year, and its latest net worth was fixed at 0.684 on December 17th.

As of the liquidation, the cumulative income of Snowball Leader 1A is -31.60%, which has been -38.73% since its establishment, the maximum drawdown is 32.28%, and the Sharpe ratio is -1.74.

　　The initial purchase amount of this fund is 1 million yuan. It is a medium to high risk product that adopts a subjective long stock strategy. The lock-up period is set at 180 days.

Public information shows that Shanghai Snowbo Investment Management Co., Ltd. is the product manager.

According to information from the China Securities Investment Fund Industry Association, it is a wholly-owned subsidiary of Beijing Xueqiu Information Technology Co., Ltd., established in 2015, with a management scale of 2 billion to 5 billion yuan.

　　Liu Yunhui, the fund manager of the fund, is a snowball big V whose ID is a punk nation and has 23,000 fans on the platform.

His self-introduction is a senior practitioner in the Internet industry, adhering to the investment principle of "good industry, good company, good price, and long-term holding".

　　According to an investor, the fund's specific positions are heavily invested in China Concept Stocks and large Internet companies such as Alibaba.

Liu Yunhui said in July of this year: “Heavy warehouses in China’s Internet companies are buying more and more, and they are already full. In the case of full positions, there is nothing to do except compare valuations and move positions appropriately.”

　　The polarization of performance has also brought about a climax of fund manager personnel changes.

Some fund managers with good performance are more likely to be poached by top funds, and many public fund managers turn to private equity after resigning.

According to Wind data, as of December 24, 289 fund managers have left their posts this year, involving 104 fund companies. The data is close to 297 in 2015, the second highest in the same period in the previous year.

At present, there are 2,849 fund managers in the public fund industry, with a change ratio of more than 10%. The flow of talent in the fund industry has accelerated.

　　This group of articles / our reporter Zhu Kaiyun

　　Coordinator/Yu Meiying