GuShiio.com ① Jia Chengdong’s explosive performance growth was concentrated between 2019 and 2020. He has managed many double bases, and his performance has been retracted in the past three years;
② As of the end of last year, the public offering scale of Shenwan Lingxin Fund was 84.64 billion yuan, with active equity funds accounting for only about 20%, and it still needs to be strengthened.
Cailian News, March 7 (Reporter Zhou Xiaoya)Well-known fund manager Jia Chengdong became a senior executive shortly after joining Shenwan Lingxin Fund.
According to the latest executive change announcement of Shenwan Lingxin Fund, Jia Chengdong will be appointed as the new deputy general manager of the company from March 5. The above changes have been reviewed and approved by the board of directors of Shenwan Lingxin Fund and will be filed with the regulatory authorities in accordance with relevant regulations.
After leaving the head public offering and joining the public offering with a scale of less than 100 billion yuan, Jia Chengdong will bring new changes after joining Shenwan Lingxin Fund, which will attract market attention. In recent years, the industry has also frequently experienced two-way movements between fund managers and management positions, and deputy general managers have become a senior executive position with many changes in the industry.
Industry veterans take up new positions
As an industry veteran, Jia Chengdong’s fund career started in 2008 and has more than 16 years of investment research experience.
Before serving as deputy general manager of Shenwan Lingxin Fund, he joined the company at the end of December last year. According to market news, after the new deputy general manager is appointed, he may be in charge of equity investment.
Just before the new deputy general manager, Jia Chengdong was hired as the fund manager of Shenwan Lingxin New Power Hybrid on March 3, jointly managing the product with Gong Xiao. This is also the first public offering product Jia Chengdong has managed since joining Shenwan Lingxin Fund.
According to public information, the scale of Shenwan Lingxin New Power was 1.006 billion yuan as of the end of last year. Previously, Gong Xiao began to manage public funds in March last year and took over the product in October last year.
Previously, he stepped down as a number of product fund managers in June last year due to work arrangements. At that time, China Merchants Fund said he would continue to hold management positions. Data from the China Infrastructure Association shows that in October last year, his fund qualification was cancelled from China Merchants Fund, which means that he has officially left China Merchants Fund.
Earlier, Jia Chengdong worked at Cathay Pacific Fund and served as a researcher in quantitative, macro, strategy, coal and banking. He began to manage public funds in 2013. In 2015, Jin Xu, the former general manager of Cathay Pacific Fund, left his post to join China Merchants Fund. Jia Chengdong and other investment researchers also joined China Merchants Fund.
How to empower Shenwan Lingxin Fund?
In his more than 9 years as a fund manager, Jia Chengdong has doubled the profits of many products he managed. Wind data shows that Jia Chengdong’s total return on managing public funds is 204.36%, and his return on employment in selected products such as investment promotion industry and high-quality investment growth has doubled.
His performance growth is concentrated between 2019 and 2020. With net worth growth and new product issuance, the scale of products under management climbed to more than 10 billion yuan at the end of the fourth quarter of 2020, reaching 17.984 billion yuan.
In recent years, his performance in managing products has retreated, but as of the time he left office, his return in the past three years still reached 8.44%. According to past public reports, he has been defined as a fundamental player in the Middle Outlook and has adopted the strategy of “Middle Outlook Prosperity”.
With both experience in investment research and management positions, how Jia Chengdong will empower Shenwan Lingxin Fund has also attracted market attention.
As an established public offering in East China, Wind data shows that as of the end of last year, the public offering management scale of Shenwan Lingxin Fund was 84.64 billion yuan, of which the debt-based scale was 51.352 billion yuan, accounting for about 60%; the scale of sovereign equity funds (equity + hybrid) was 20.87 billion yuan, accounting for about 20%.
The company is also a Sino-foreign joint venture public offering fund. Among them, Shenwan Hongyuan Securities, controlled by Central Huijin Company, holds 67% of the shares of Shenwan Lingxin Fund, and Japan’s Mitsubishi UFJ Trust Bank holds 33% of the shares.
In recent years, the company’s senior management team has been generally stable. Zhou Xiaobo, who was once in charge of the equity investment research business, left his post as deputy general manager of Shenwan Lingxin Fund in October last year. As of his departure, he was the deputy general manager of Shenwan Lingxin Fund. The term of office has expired for 3 years.
So far, since the beginning of this year, 29 fund managers have changed their senior management, involving 44 changes. The position of deputy general manager is also a high-risk area for senior management changes. The position of deputy general manager of 20 fund managers has changed during the year.
In January this year, Lu Xiaoran was appointed as the deputy general manager of Huabao Fund. The announcement shows that Lu Xiaoran has served in the Strategic Development Department, Major Engineering Project Department, Economic Management Research Institute of Baosteel Group, etc. In July 2021, he joined Huabao Fund as a member of the Party Committee and Asset Management Business Director.
