A sad news came from the fund industry, and Cai Xiangyang, the star fund manager of Huaxia Fund, passed away for some reason, unveiling the little-known cruel side behind the glory of the financial industry.
Today's market news rumors, Huaxia Fund deputy general manager Cai Xiangyang died unexpectedly, some relevant people told the Chinese reporter of the brokerage, "We are also very sad, it is indeed an accident." In the management of the product recently the company will arrange, will be as soon as possible to select the right person to take over. ”
Huaxia Fund issued an announcement at noon today, expressing deep condolences and deep remembrance for the unfortunate death of Mr. Cai Xiangyang. The management of the Board of Directors and all employees of the Company expressed their gratitude to Mr. Cai Xiangyang for his outstanding contributions to the development of the Company over the years, and expressed their deep condolences to The Family of Cai Xiangyang.
Cai Xiangyang, the star fund manager of Huaxia Fund, is only 41 years old, and was just promoted to deputy general manager of the company in April this year, which is also one of the models of the industry's "investment and excellence". According to his public resume, he was a researcher at Tianxiang Investment Consulting Co., Ltd. and Xinhua Asset Management Co., Ltd. from March 2006 to October 2007. He joined Huaxia Fund in October 2007 and has served as a researcher, assistant fund manager, investment manager, senior fund manager and other positions.
Huaxia Fund: Deep condolences and deep remembrance
Cai Xiangyang is a senior manager, investment committee member and fund manager of Huaxia Fund, and has been responsible for the investment management of many funds and products such as Huaxia Return, Huaxia Return No. 2, Huaxia Wensheng and Huaxia Changyang.
Huaxia Fund said, "For the unfortunate death of Mr. Cai Xiangyang, the management of the board of directors and all employees of the company expressed deep condolences and deep remembrance. Mr. Cai Xiangyang has worked in the company for 14 years, loves the investment cause, has excellent investment ability, and participated in and promoted the improvement and improvement of the investment research system of Huaxia Fund. Mr. Cai Xiangyang's professional ability has also been affirmed by the industry and investors. He has won 6 awards such as Golden Bull Fund, Star Fund, Golden Fund, etc., and the funds under management have accumulated dividends of more than 14.2 billion yuan for holders, Mr. Cai Xiangyang values every trust and trust of investors, and creates objective long-term returns for investors. ”
The announcement also pointed out that the board of directors, management and all employees of Huaxia Fund Company expressed their sincere gratitude to Mr. Cai Xiangyang for his outstanding contributions to the development of the company over the years, and expressed their deep condolences to Mr. Cai Xiangyang's family.
"Cai Zong is very young, and his heart hurts so much!" A Huaxia fund insider told the Brokerage China reporter. Cai Xiangyang, who died at the age of confusion, lamented the whole company and even the whole industry and expressed deep sorrow.
Representative of value fund managers
According to public resumes, Cai Xiangyang, master of finance from China Agricultural University, was a researcher of Tianxiang Investment Consulting Co., Ltd. and Xinhua Asset Management Co., Ltd., joined Huaxia Fund in October 2007, served as a researcher, assistant fund manager, investment manager, and began to serve as a fund manager since May 28, 2014. As of the end of the third quarter of 2021, Cai Xiangyang managed a total of nine funds, with a total management scale of 47.282 billion yuan.
Cai Xiangyang is a representative fund manager of domestic value investment, and pays special attention to high ROE, high barriers and deterministic growth in investment. He once said in an interview that in his investment framework, one is to invest in barrier companies, especially companies with brand barriers, looking for a mismatch between supply and demand, there are barriers on the supply side, and there are rapid growth on the demand side, such as liquor, ophthalmic services, etc.; the second type is optimistic about subversive and explosive Internet companies, which are iterative and corrosive for traditional companies in the new era, and constantly expand their territory and continuously manage output in the process of development.
Cai Xiangyang also said that his methodology is based on long-term fundamental stock selection, once buying a stock, it will be held for as long as possible, striving to obtain excess returns, and bluntly said that "when the stock price falls, value investors are happier, because they can buy better chips cheaply." ”
Taking its longest-managed Huaxia Return Hybrid Fund as an example, wind data shows that it began to manage the fund from May 28, 2014, and held a position of 7 years and 160 days until November 1, 2021, with a tenure return of 164.89% and an annualized return of 14.12%.
Source: Brokerage China