· Index Fund concentrated discussion posted · analysis real of Fund will cast trillion private craving legitimate identity Fund figure frequency are real estate involved mine unit most tragedy Fund Manager playing mouse warehouse also losses money Fund Yu Ze "seal go open" spread raised only 265 million CITIC by Huaxia Fund equity transfer motion Shanxi coking: floating capital followed Wang yawei retreat Qiming: shocks city in the how mining Daniel unit in these "head" occurs change of fund company in the, some because term expired, some because last year its fund performance poor and left, also some because shareholders party occurs change. What exactly is so far this year to fund the company's executives of such change?
Smart-cool weekly financial center in the Times reporter said in an interview with: bottleneck of China fund industry is now entering a phase of the stage, this time to fund the company "the fortress" focused separations is performance. Tide of Fund big brothers to leave the end of May, China's first joint venture fund-investment funds General Manager Cheng Baoliang will become the separation "big brothers" a member of the new.
According to Cheng Baoliang left in June to serve 8 years of investment fund, reported that Cheng Baoliang will become a major preparation for Shanghai power investment, the company is Shanghai International Group follow the QFII-LP policy established the foreign currency Shanghai industrial investment fund. By contrast, more surprising changes in the Fund's senior. On March 4, Vanguard Fund published the announcement on change of senior management, Board Chairman and General Manager of both substitution.
Bulletin content is displayed, former Chairman of the vanguard Fund Sun Guomao and the departure of General Manager Li Zhenwei as the expiry of the term on March 4, the day President and in charge of finance Bi Yuguo by Qi Lu securities as Chairman, former Deputy General Manager Yang Feng as General Manager. Although the original Sun Guomao, Chairman and General Manager Li Zhenwei because expiry and outgoing, but thousands of families Fund last year's performance is not satisfactory it is true. Analysis of the stakeholders in the industry said: "the term no longer re somewhat associated with the Fund last year.
"In addition, in accordance with the relevant data and statistics from last December to the end of May this year, Zu Yu tianhong Fund humic, yimin Fund, Vanguard funds Li Zhenwei, sea Franklin Jin Zhefei, Wan Ling Mao Jianming, Wah Fu Estate Fund Xie Qingyang, livelihood and silver Liu Pohong guests and day treatment Fund, stronger than Yi Jin and Yuan dynasties, long-Sheng Chen Lihua from the company's General Manager of the Fund have been on leave. "Big brothers" storm batch separation is not just limited to small and medium-sized fund companies, but also spread to the fund industry "weathervane" known as the Chinese, such as harvest, Yi fang da and Boshi "billions of Club" members. Just notice proposed to transfer 51% shares of Huaxia Fund burst again blockbuster. Huaxia Fund investments of former Assistant General Manager, institution Director Guo Shuqiang will leave China asset, to us fund the post of General Manager. News that Guo Shuqiang has recently applied to the Huaxia Fund submitted the resignation of the Board and agreed to.
At present, Guo had in US funds for entry clearance, only after the regulators go through procedures such as the company's formal appointment. On May 11, harvest Fund announcement said Wang Zhongmin due to the expiry of the term and retired, no longer as the company's Chairman of the Board positions. General Manager Zhao Xue-Jun behalf of the Chairman of any company functions. There are rumours in the industry, joined harvest Fund nearly 11 years Zhao Xuejun may directly managed from this exit, the outgoing General Manager duties, the post of Chairman. In late May, known as the public placement Fund "big five" Boshi Fund Xiaofeng, General Manager of one of resignation rumours began to spread in anecdotal, and moreover that, Xiaofeng has formally submitted his resignation to Boshi Fund's Board.
In fact, the rumors as early as a year ago on Xiaofeng separation has begun to spread in the industry, but then the noise after, Xiaofeng still adhered to. Coincidentally, media have reported that there were rumours another fund industry "big brothers" Yi fang da Ye Junying, General Manager of the back seat, the outgoing General Manager duties, as the company's Chairman post. At press and before the news broke, the League General Manager Xu Xiaosong final departure soon, or he will go to China Merchants Fund as General Manager of the post. Luen on funds Insider weekly in an interview with the Times reporter said in an interview: "the total is still in the normal working of the company, and no resolution of the Board. "Origin of the cause of separation", General Manager of the Fund so concentrated outbreak of separation, in the course of development of China fund industry as a whole more than 10 years, is a very rare phenomenon.
"Cool-Chi Institute for Monetary Research said. According to public information displays, the end of 2007, 59 in China Fund company's total share of the Fund reached 2.234 trillion, management of assets total nearly $ 3 trillion. As of the end of 2010, China Fund company increased to 63, the 2.29 trillion of the total share of the Fund management, assets under management total scale of 2.44 trillion yuan.
In up to three years, China fund industry seems to have entered the "stagnant". "In the current corporate governance structure of the Fund, General Manager at the core of the operation and management, so the big changes in the scope of influence for the fund industry as a whole is very large. If the management of publicSecretary has played a key role in promoting the development of, the core leadership of the company left the company's influence is significant. In particular served in a long time the first General Manager, once they leave will inevitably brings a series of personnel, and to the company's investment research, market, wind control, businesses will have a huge impact. "" Company General Manager after the departure of the Fund, some choose to do private or PE, in the State of the industry as a whole is in a downturn, switched to the other case not much of a public-fund company, and some will choose to replace the industry or simply rest at home for some time.
"The cool-Chi said. Deep root reason, smart-cool weekly reporter said in the financial center of the era: "the General Manager of the fund company Executive's departure, is a combination of many factors, we cannot make generalizations. First is the fund industry as a whole through the development of a dozen years, experienced industry bottlenecks, size of company development space is limited, operating difficulty on breakthroughs and, secondly, fund companies present on the system design constraints, such as the industry has been plagued by fund management incentive, to solve this problem need to breakthrough in the framework of the Fund law and regulators is possible under the guidance of a solution. "In addition, the official said, the Fund governance is also important reason for the departure of executives of the company, developed a series of operational objectives and policies of the Board on business development strongly restricted, some leave the contradiction between management and shareholders have been very intense.
Public placement Fund faces huge pressure and market pressure, compared with private working environment easier, more attractive incentive system, which is also many public-fund "boss," select "private revolution" causes. "In addition, some difference between large and small companies, small company executives resign mostly because management did not meet the requirements of shareholders, so as to conflict with the shareholder side, initiation to Italy. This phenomenon is very common in billions of fund companies. "The cool-Chi financial Research Center said.
