On January 21, The Industrial Securities Global Fund issued an announcement that Dong Chengfei stepped down as deputy general manager of the company for personal reasons.
Previously, Dong Chengfei had left his position as the fund manager of Xingquan Trend and Xingxin Vision Fund.
After leaving the company's deputy general manager this time, Dong Chengfei "waved" the Industrial Securities Global Fund. As for the next step, industry sources said that Dong Chengfei's next stop will be a private equity institution.
Moreover, Dong Chengfei's selfish object has already been traced.
Wave goodbye
After the market hours on January 21, The Industrial Securities Global Fund issued an announcement that Dong Chengfei, deputy general manager of the company, stepped down as deputy general manager of the company, and the reason for leaving office was: personal reasons.
Source: Fund Company Announcement
On October 19, 2021, Industrial Securities Global Fund announced that Dong Chengfei, deputy general manager of the company, left the position of fund manager of Xingquan Trend and Xingxin Vision Fund. After Dong Chengfei left the fund manager, he still served as the head of the fund management department and the research department.
As a fund manager with nearly 15 years of investment experience and a total assets under management of more than 60 billion yuan, Dong Chengfei's position in the public fund industry is unquestionable. Starting from the management of public offerings in February 2007, Dong Chengfei has experienced many rounds of bull-bear transformation in his nearly fifteen years of fund investment career, including fluctuations in the macroeconomic environment from 2007 to 2009, a low return period of several consecutive years from 2010 to 2013, an explosive market in 2014-2015, and a more open and mature A-share market since 2016.
When stepping down as fund manager, Dong Chengfei explained: "As the company's investment research team tends to mature and stabilize, forming a relatively perfect talent echelon, I also want to make some changes, temporarily bid farewell to fund management, spend more time on precipitation and growth, and try to make some new explorations in investment." The company's best colleagues will take over the investment management of the relevant funds, and we will make good work arrangements to ensure a smooth transition. ”
The day's "temporary farewell to fund management" and "try to make some new explorations in investment" eventually evolved into today's wave goodbye.
The next stop is there to follow
Market news shows that Dong Chengfei's next stop will be a private equity firm. Moreover, his next stop is already traceable.
Three surveys in November 2021 revealed key information.
On November 10, 2021, Yang Dong of Ningquan Asset Management, Du Changyong and Dong Chengfei of Rui county asset jointly investigated Sino-Singapore Group.
Source: Listed company announcements
In the past few years, many well-known fund managers of Xingquan Fund have "run privately", such as Yang Dong, Wang Xiaoming, Du Changyong, Wu Shengtao, etc. Yang Dong, Wang Xiaoming and Du Changyong founded Ningquan Assets, Xingju Investment and Ruijun Assets respectively, and Wu Shengtao joined Licheng Assets and served as CEO, which are also collectively known as "Xingquan Series" private placements in the industry.
In this survey of Sino-Singapore Group, Yang Dong, Du Changyong and Dong Chengfei were rarely "in the same frame".
On November 10, 2021, Dong Chengfei and Ningquan Assets, Ruijun Assets and other institutions also organized a delegation to investigate Flystar. Yang Dong, Du Changyong and Dong Chengfei also appeared in the same "same frame".
On November 11, 2021, Ningquan Assets Yang Dong et al., Rui county assets Du Changyong and others and Dong Chengfei once again investigated Wei Zhixiang in the same frame.
In fact, it is relatively rare for Dong Chengfei to investigate listed companies. Tonglian data Datayes shows that since 2021, Dong Chengfei has only participated in 5 surveys, that is to say, in addition to the above 3 times after stepping down as a fund manager, he was in the same frame with the "Xingquan Department" big man, and Dong Chengfei only participated in 2 surveys before, including one with colleagues in the company.
Source: Tonglian Data Datayes
"In November last year, the listed companies that Dong Chengfei investigated gathered in the Suzhou area, which should be an organized collective activity. However, Dong Chengfei intensively investigated with his old colleagues in the 'Xingquan Department' after stepping down as a fund manager, and at present, he has a high probability of going to Rui County Assets. An institutional insider said.
Editor: Li Ruoyu Cao Shuai