Cai Songsong leaves! Giving the foundation a loss of 976 million, Sino Analytica Fund earned 1.5 billion in management fees and became a billionaire himself

Source | Lingtong

On the eve of the National Day, Sino Analytica Fund announced that Cai Songsong left office, and today I checked the website of the Asset Management Association of China and Cai Songsong can no longer be found, which means that this former figure in the fund industry has officially left the public fund industry, and there is not even a goodbye.

There is no longer Cai Songsong on the fund industry website

01

Change 2 fund managers are and young

02

Trailblazer of track mode

03

During Cai Songsong's tenure at Sino Analytica Fund, he created a new model of "gambling" holding funds, that is, always full of semiconductors, almost regardless of its performance and industry, through fluctuations to obtain income, and later many funds also imitated this model, the so-called track stocks, track funds.

High volatility Three-year returns are about the same as 300

04

In 2019, Cai Songsong began to manage Sino Analytica Growth Mix, and its model was very successful, with a yield of 95.44% in 2019. However, like other funds, when the scale became larger, Cai Songsong's performance began to show its true face, and the performance in 2022 became -40.04%, and the overall statistics show that during Cai Songsong's tenure, he lost 976 million yuan to Jimin and earned 1.537 billion management fees for Sino Analytica Fund. Everyone knows that the income of the fund manager team is shared with the management fee received by the company, and the online check shows that the fund manager's share ranges from 15% of the management fee, even if it is calculated according to a lower 10%, Cai Songsong's income in recent years has been a proper billionaire.

It was rumored to be investigated

05

In the process of practice, there was also news that Cai Songsong was investigated in September this year, and later Cai Songsong sent a circle of friends to clarify. Cai Songsong's problem was to sell Zhuosheng Micro to the holding of cards, and then Zhuosheng Micro's shareholders began to successfully reduce their holdings at a high level. Among them, how Cai Songsong made a decision in the process of frantically buying Zhuoshengwei, anyway, there was no conclusion later.

The fund is stupid or the people are stupid

06

Now, Cai Songsong is gone, and he doesn't even say goodbye! Leaving billions of losses to the people, and the Sino Analytica Fund did not say a word. That seems a little wrong. Looking back, many fund managers, including Sino Analytica Fund, seem to have a talent shortage, Cai Songsong was born in 1985, the date of securities practice is September 2015, when he became a fund manager in 2019, he only had 4 years of experience in the securities industry, only 34 years old, he had not experienced the economic cycle at all, even the semiconductor cycle he was good at, and he did not know how Sino Analytica handed it over to him with confidence, of course, I didn't know that so many Jimin leeks could hand over money to these fund managers. Judging from the two fund managers arranged by Sino Analytica to replace Cai Songsong, his experience and age are younger, and the performance will be seen later.