The fund circle suddenly lost a bombshell - Dong Chengfei left!
Today (October 19) Xingquan Fund officially released an announcement, Dong Chengfei stepped down as fund manager, the two funds he currently manages, Xingquan Trend will be jointly managed by Tong Lan, plus Xie Zhiyu and Dong Li as fund managers, and Xingxin Vision will be taken over by housewarming.
This year, Dong Chengfei was rumored to have left N times, after all, there was no wind and waves, the melon landed, and the famous general ran away. According to the information obtained by the securities company China, Dong Chengfei will most likely run away.
If this is true, the "Xingquan Five" will all run private.
Zhongshentong Yang Dong left office in 2017 to create Ningquan Assets, Eastern Evil King Xiaoming founded Xingju Investment in 2014, Western Mad Chen Yangfan created Mammoth Assets in 2015, Southern Emperor Yang Yun joined Rui County Assets in 2015, and then there is today's protagonist Dong Chengfei.
In addition, Fu Pengbo, a teacher of Xingquan, also co-founded the public fund company Ruiyuan Fund with his apprentice Chen Guangming in 2018.
However, everyone now has no spare time to regret that Xingquan's famous generals have been running away for many years, and they have no time to care about where the fund manager goes next, and many old irons are now full of panic -
The general ran away, but I still have his base in my hand, is it to continue to raise? Or is it a knife kill?
Dong Chengfei is a rare bull fork fund manager, with a management scale of 60.6 billion yuan before leaving office. This walk, without exaggeration, is really a big loss for public funds.
Dong Chengfei graduated with a master's degree in 2003, recruited into the company through Xingquan School, it can be said that Xingquan was the first love of his career, and this small hand was held for 18 years.
How strong is the performance?
Xiaoqi checked on the wind, and Dong Chengfei has been a fund manager since February 2007, and the total return rate has been as high as 912%.
Up to now, there are only 9 funds with a total return of more than 20 times since the establishment of the whole market, of which only 6 have an annualized return of more than 20%, and Dong Chengfei's Xingquan Trend Investment is one of them, and since taking over on October 28, 2013, the return on appointment has reached 325%.
Xingquan Global Vision (1090% return since its inception), which ranks second in the Xingquan performance rankings, is also from Dong Chengfei (2007/2/6-2015/12/31), with a return on appointment of 368%.
The overall performance is good, but since this year, Dong Chengfei has stepped on the thunder, Songcheng Performing Arts, Kanghong Pharmaceutical, China Zhongwai, etc. are his heavy stocks, and the performance has retraced, and it has been called Dong Chengfu by the basic people
Some small partners may feel that Lao Dong wants to run away if his performance is not good, which is irresponsible to the people.
Xiao Qi felt that as a veteran of the conquest base circle for more than ten years, Old Dong had never seen a big wind and waves, and the little soul was still not so fragile. If it is really the current market style is not right, Lao Dong wants to escape, and he can completely "go abroad for training" to hide, which has not been done before
In February 2012, Xingquan announced that from February 29, 2012 to May 30, 2012, Dong Chengfei went abroad for training, and the Xingquan Global Vision Fund will be temporarily managed by Yang Yuebin.
At that time, the market was in a downward trend, and Xingquan's global vision also showed a certain retracement (but compared with the CSI 300, it was still as stable as an old dog). I don't know if it is really studying or what is falling, anyway, Old Dong slipped out of the country to study at this point.
Originally, I studied for 3 months, and when I came back, I had to continue working. But after less than 3 months of coming back to work (to 2012/8/25), Dong Chengfei was going to study abroad again, and Xingquan Global Vision was managed by Wang Xiaoming for half a year. (Remember this time, to test)
However, half a year later, Xingquan issued another announcement that Dong Chengfei would go abroad to study, and since February 27, 2013, Xingquan Global Vision has continued to be managed by Wang Xiaoming for half a year.
After more than a year of slipping, in the absence of the old Dong, the performance of Xingquan Global Vision was not good, with only 4.52% of the performance in 2012, outperforming 7.55% of the CSI 300.
This is not to blame the strength of the fund manager who took over, the market environment was really bad at that time. Why will Lao Dong "go abroad for training" at that time, leaving a lot of room for Lao Tie's imagination, you can think about it yourself
In the workplace, if you are the company's right-hand man, do your work encountered a bottleneck or dry is not happy, directly with the boss to mention the departure, the boss may say to you, "Fellow countrymen don't go, or I will give you a long vacation, you go to rest for a while, wait until you want to understand and continue to come back to work for me ~"
You taste, you taste.
"You left me when I needed it most", which was undoubtedly a kind of harm to Ji Min, but Xingquan's next operation was even more disturbing.
On December 18, 2012, Xingquan issued a new fund Xingquan Business Model Selection, and the proposed fund manager is Dong Chengfei.
Big brother, if I am not mistaken, at this point in time, Lao Dong is training abroad.
Well, if he comes back to take over after the release of the new base, it will be a great joy for everyone. But after that, Lao Dong not only did not come back, but also "renewed" for half a year after the expiration of the half-year study period.
This is not a shrimp egg, when the issuance in the name of Dong Chengfei to raise funds, wait for the raw rice to cook mature rice and then tell the basic people, the fund will hire additional fund managers to jointly manage the fund...
The old Dong people are all abroad, why do you let him take care of the fund? With the fingers of your feet, you can figure out that this base is managed by additional fund managers.
Therefore, Xiaoqi feels that Lao Dong is unlikely to resign because of performance and psychological pressure, if it is really because of this, it would be good to go abroad for training...
Let's look at it from another angle.
Dong Chengfei said before that he is more pessimistic about the whole year of 2021, not optimistic about the whole year, relatively cautious, according to the current view, he is optimistic about 2022, and even determines that the future stock market will enter the long bull market, will choose to enter the private placement at this time!
As one of the few top fund managers in the industry, they see something deeper and longer-term, and this time, we may be able to trust him.
Finally, solve a problem - what if you have The Xingquan Trend Investment and Xingxin New Vision managed by Dong Chengfei?
Rest assured, Xingquan is not empty.
Both funds are Xingquan's top cards, and those who arrange to take over must be able to withstand the scene.
Xie Zhiyu, Dong Li, and Housewarming are all gods with experience and long-term achievements, and they can't eat losses by hugging their thighs, and if they are not in a hurry to use the money, there is no problem in continuing to hold and continue to invest.
-- END -