On December 14, a shocking news spread on the Internet, the investment director of a large bank-based public fund passed away.
Subsequently, the reporter of the Economic Observer confirmed that Du Haitao, deputy general manager of ICBC Credit Suisse Fund, died of a sudden heart attack while running on December 13.
Du Haitao, born in 1974, is now 49 years old. He started his career in July 1997 and has worked in Great Wall Securities, Baoying Fund and China Merchants Fund.
He joined ICBC Credit Suisse Fund Management in September 2006 and currently serves as Deputy General Manager of ICBC Credit Suisse, Chairman and Fund Manager of ICBC Credit Suisse International. Founded in 2005, ICBC Credit Suisse Fund Management is an independent fund company controlled by ICBC. ICBC holds 80% of the shares, and Credit Suisse holds 20%. Du joined the company the following year and is responsible for the fixed income business.
As of December 13, Du Haitao's investment manager has more than 18 years. He has managed 16 funds, and currently manages 5 funds, with a total scale of 4.208 billion yuan. Most of these funds are bond funds and partial debt hybrid funds.
According to the reporter's understanding, Du Haitao's investment style is relatively stable. The products he manages include hybrid primary bond fund, partial debt hybrid fund, hybrid secondary bond fund, flexible allocation fund, etc. Among them, the most representative ICBC Tianyi Bond Fund has won the Golden Bull Award five times.
As of December 14, the ICBC Enhanced Income Bond, which has been in management for the longest time, had a total return of 157.39%. It is worth mentioning that on July 25 and August 30 this year, Du Haitao has successively left the fund manager of ICBC Wenwen Ruiying for one year and ICBC Credit Suisse Tianyu. Among them, ICBC Credit Suisse Tianyu had a scale of 13.026 billion yuan at the end of the third quarter of this year. In a letter in May this year, Mr. Du mentioned that he was managing a hybrid product and also managed an equity fund.
He thinks that this kind of work can keep him in the Xi of learning every day. The motivation for his learning Xi is more of the "frustration" he gets from the market. He believes that Xi from his own problems and mistakes is the most effective way to improve himself.
Of course, the "shortcut" is to learn from the mistakes of others Xi Du Haitao's sudden death has deeply shocked and saddened the entire industry and the investment community. His career and achievements will always be remembered. We extend our deepest condolences and condolences to his family and colleagues.
But sometimes, it takes a lot of setbacks before people really understand and take the shortcut of "empathy". The pursuit of a higher level is to reduce the frequency of making mistakes, control the cost of making mistakes, and never make mistakes again. On the road of investment, it is a process of continuous cultivation and improvement of human nature.
According to the reporter's understanding, ICBC Credit Suisse Fund is making relevant arrangements and adjustments to the fund products it manages. Changes to fund managers will also be announced in the near future.
As of June 30, 2023, the number of public funds under management of ICBC Credit Suisse (including its subsidiaries) has reached 238, and the total scale of public offering products under management has exceeded 700 billion yuan, ranking 12th among 197 public fund companies.
In addition, the institution also manages annuities, private asset management plans, etc., with a total asset management scale of more than 1.7 trillion yuan.