Since the beginning of this year, there has been a significant increase in changes in fund managers, and many of them are tens of billions of fund managers.
According to Wind data, as of February 20, 80 fund managers with tens of billions of dollars have changed since the beginning of the year, a significant increase compared to the same period last year.
On February 21, Hongde Fund issued an announcement that due to "work arrangements", Wu Chuanyan resigned as the fund manager of the six funds of Hongde Foresight Return, Zhenyuan, Fengze, Fengrun for three years, Zhiyuan and Zhuoyuan, and also resigned as the vice president of the company The position of manager, related products are taken over by a strong team composed of fund managers Wang Keyu, Qin Yi and Yu Haocheng, and the investment research team of Hongde Fund provides full support as a whole.
According to industry insiders, de-"stardom" has become the general trend. At the stage of accelerating the high-quality development of public funds, fund companies need to strengthen the team-based, platform-based and integrated construction of the investment research system, and give full play to the professional collaboration capabilities of the team as a whole. , so as to create long-term, stable and sustainable investment income for holders.
Powerful fund managers take over
According to the announcement, the specific arrangements for Hongde Fund to take over the fund managers of 6 related products are: Hongde Fengze Mixed, Hongde Fengrun Three-year Mixed, and Hongde Zhiyuan Mixed will be taken over by Wang Keyu, deputy general manager and director of the equity investment department; Foresight Return Mix and Hongde Zhenyuan Return Mix will be taken over by Qin Yi, deputy general manager and research director; Hongde Zhuoyuan Mix will continue to be managed by Haocheng.
Judging from the takeover lineup of fund managers, the successors are all from Hongde Fund’s powerful faction. The three fund managers Wang Keyu, Qin Yi, and Yu Haocheng all have more than 10 years of investment research experience in the securities or asset management field.
Among them, Wang Keyu is a public offering "veteran" and "Double Ten" fund manager. He is currently the deputy general manager of Hongde Fund and the director of the equity investment department. He has 20 years of experience in the securities industry and 12 years of investment experience in public offering fund managers. Research Director, Changsheng Fund Fund Manager and Deputy Director of Equity Investment Department, Guodu Securities Analyst, Tianxiang Investment Analyst, Yuanta Jinghua Securities Researcher, etc.
From October 2015 to February 14, 2023, the Hongde Optimal Growth Mix managed by Wang Keyu has a cumulative return of 159.33% and an annualized return of 13.83%; From 1st to February 14, 2023, the cumulative return is 89.94%, and the annualized return is 19%.
Qin Yi is currently the deputy general manager and director of the research department of Hongde Fund. He has 10 years of experience in the asset management industry and over 5 years of investment experience in public fund managers. wait.
The Hongde Honghua Mix under its management has had a cumulative return of 220.41% since it took office on December 27, 2018, and ended on February 14, 2023, with an annualized return of 32.48%.
Yu Haocheng is the representative of the "Mesozoic" of Hongde Fund. He is currently the fund manager and industry researcher of Hongde Fund. He has 10 years of experience in the asset management industry and over 4 years of investment experience in public fund managers. He has rich research experience in industries such as automobiles, machinery, and new energy, and is good at investing in advanced manufacturing industries.
"It can be seen from the content of the arrangement that in order to ensure the smooth handover and transition of products, Hongde Fund has dispatched the strongest and most suitable lineup." Industry insiders said that, coupled with the professional and in-depth research of Hongde Fund's investment research team, will maximize Giving full play to the advantages of teamwork, I believe that Hongde Fund will be able to repay the trust and entrustment of holders with better performance and better experience in the future.
From the perspective of the industry as a whole, since the beginning of this year, the speed of de-starization of the public fund industry has accelerated, and the products of many star fund managers have undergone changes in fund managers, including Nuoan Growth Mix, Nuoan and Xin Mix managed by Cai Songsong, and Nuoan Hexin Mix managed by Xie Zhiyu. Xingquan Herun and Xingquan Heyi, Xinao Advanced Intelligent Manufacturing and Xinao Ingenious Selection managed by Feng Mingyuan, Qianhai Kaiyuan Medical and Health managed by Qu Yang, Penghua Growth Value and Penghua High Quality Return managed by Wang Zonghe are scheduled to open in two years etc., all recruit or enable new fund managers to manage.
In fact, the industry also attaches great importance to de-starring.
The "Opinions on Accelerating the High-Quality Development of the Public Fund Industry" issued by the China Securities Regulatory Commission in April 2022 emphasized that fund managers should be guided to build a team-based, platform-based, and integrated investment research system, increase the proportion of investment research personnel, and improve investment management. The echelon training plan for research personnel, the accumulation and inheritance of investment research capabilities, and the reversal of the development model of over-reliance on star fund managers.
The above-mentioned industry insiders said that the "de-starization" of the public offering industry is the general trend.
"The market is constantly changing and developing. The market situation for more than 20 years shows that every year new fund managers grow up and create good returns for investors. We must not only see fund managers, but also The team strength behind the fund managers sees the mutual cooperation of traders, risk control personnel, performance evaluation personnel, analysts, and fund managers." The person said that the modern production method should not simply recruit fund managers, but should Specialization and more detailed division of labor to achieve.
At the stage of accelerating the high-quality development of public funds, fund companies need to strengthen the team-based, platform-based and integrated construction of the investment research system, and give full play to the professional collaboration capabilities of the team as a whole, so as to create long-term, stable and sustainable funds for holders. investment income.
The investment research system is iterated and the talent echelon is complete
At present, Hongde Fund is about to enter its eighth year.
According to the person in charge of Hongde Fund's related business, the company has established a professional, efficient and capable investment research team, and established an investment fund led by "veterans", followed by the "Mesozoic generation" and the rising "new generation" Manager Talent Echelon.
From the perspective of the overall platform, Hongde Fund has established an efficient and coordinated integrated investment research platform, established under the leadership of the company's investment decision-making committee, with the fund/investment manager as the core, and an investment research system based on various research groups.
According to the above-mentioned person, Hongde Fund’s investment research team has a common investment philosophy, that is, “to find sufficiently good companies and share in their growth.”
Under the guidance of this basic concept, the company has carried out in-depth design for the integration of investment and research.
For example, establish a good communication mechanism for investment and research personnel internally, and encourage fund managers to "teach and guide" researchers.
In addition, the company attaches great importance to the optimization of the investment research system. In addition to doing a good job in basic work, investment research personnel also need to introspect from time to time and improve the framework system.
During the investment process, Hongde Fund will also require investment researchers to keep their thinking unpassed, to be sensitive to new industries, new companies and more external factors, and to discover and embrace new investment opportunities.
According to the above-mentioned person, in recent years, Hongde Fund has continued to optimize the investment research system from three aspects: First, on the basis of the same concept, give play to the diversification and appropriate differentiation of fund managers' investment styles, strengthen investment complementarity, and create an all-round investment The second is to encourage and support fund managers to expand their ability radius on the basis of giving full play to the core advantages of fund managers; the third is to continue to deepen the refinement and systematization of investment and research on the basis of adhering to the professionalism of investment and research, and to expand the scope of research coverage , to strengthen the complement of macro research.
From the perspective of industry insiders, Hongde Fund has fertile soil for the cultivation of excellent investment and research talents: first, the core team is stable, and the company's business decisions are oriented to long-term goals, which is more conducive to the company's long-term and stable development; second, the company has a high degree of investment and research system construction. Pay attention to and provide the best resource support; thirdly, both restraint and tolerance are combined. The company adopts the fund manager responsibility system under the leadership of the investment decision-making committee, and fully authorizes and empowers fund managers on the basis of the bottom line of compliance and within the constraints of the risk management system. Encourage the continuous evolution of fund managers, and the evaluation of fund managers has always been based on a three-year period to guide long-term investment perspectives; fourth, the market-oriented talent incentive and training mechanism, the company attaches great importance to the construction of investment research systems, emphasizes the integration of investment research Multi-level talent echelon construction, strengthen complementary advantages, give full play to team coordination, select outstanding talents at all levels and give them a reasonable promotion ladder.
As of the end of 2022, Hongde Fund's investment research team has more than 40 members, accounting for more than 30% of the company's total employees, of which 16% are investment research personnel with a doctoral degree, and 100% have a master's degree or above.
The company has a total of 22 fund managers and 15 public offering fund managers, mainly from the company's internal training.
From the perspective of overall performance, according to the data of Ji’an Jinxin, as of the end of 2022, the performance of hybrid funds under Hongde Fund in the past three years and five years has been 102.54% and 103.32%, respectively. Ranked first among the billion-level companies.
Hongde Fund stated that the company will continue to consolidate the core competitiveness of active investment, adhere to the path of professional and high-quality development, adhere to the concept of value investment and long-term investment, provide customers with a good investment experience, optimize resource allocation for the capital market, and actively serve the society. Take responsibility and help China's economic growth with high quality.