apexroulettewheel| Qiu Dongrong is hiring additional fund managers for his products, Zhonggeng Fund's latest response!

On May 11, Zhonggeng Fund issued a notice announcing that Qiu Dongrong, a well-known fund manager of the company, hired more fund managers for a number of products. Zhonggeng Fund said that this decision is aimed at expanding the team of fund managers, improving investment management capabilities and boundaries, and supporting the industry through long-term mechanisms.ApexroulettewheelHigh-quality development.

Qiu Dongrong is famous for his unique undervalued investment strategy. Since joining the China Geng Fund in 2018, Qiu Dongrong has not only achieved good results in terms of management scale and product performance, but also attracted great attention from the market for his repeatedly expressed views against the market.

Zhong Geng Fund said that if there are further arrangements, the company will promptly issue an announcement, calling on the majority of investors to take the company's announcement as the standard, and not to trust or speculate on information obtained from other unofficial sources.

Two products hire additional fund managers

On May 11, Zhonggeng Fund issued an announcement announcing the recruitment of fund managers for a number of fund products under Qiu Dongrong, a well-known fund manager of the company. Qiu Dongrong is currently deputy general manager, chief investment officer and fund manager of Zhong Geng Fund. According to the latest data, his total asset management scale is 198.Apexroulettewheel.5.4 billion yuan.

Specifically, Zhonggeng value quality hires Wu Chenggen as fund manager, and Zhonggeng value pilot hires Liu Sheng as fund manager. Since Wu Chenggen was hired by Zhonggeng value Smart in 2020, the other three funds are currently managed by Qiu Dongrong and other fund managers, with the exception of Zhonggeng small-cap value and Zhonggeng Hong Kong Stock Exchange value for 18 months.

According to public data, Wu Chenggen graduated from Shanghai University of Finance and Economics with a master's degree in accounting. he has worked as a trust assistant, junior trust manager, trust manager and investment manager in CNAC Trust, and has been managing Zhonggeng values together with Qiu Dongrong since June 3, 2020. He is one of the fund managers trained independently by Zhonggeng Fund, and is good at asset allocation, portfolio management and risk management across asset classes and cycles.

Liu Sheng, a PhD in chemistry from Nanjing University, has served as a researcher in Taiping Capital Management Research Department and HSBC Jinxin Fund Investment Department. Currently, he serves as Director and Fund Manager of Investment Department in Zhonggeng Fund. Liu Sheng is also an independent fund manager of Zhong Geng Fund, who is good at mining high-quality stocks in the whole market and building a cost-effective investment portfolio based on a unified undervalued investment strategy system.

The Zhonggeng Fund explained that this is to comply with the goal and overall framework of the high-quality development of the industry, strengthen the core competence of public offering funds in investment and research, and constantly improve the investment and research system of "platform, team system, integration and multi-strategy". This decision is made after careful consideration and discussion by the company's management and core members of the research team. it aims to expand the team of fund managers, improve investment management capabilities and boundaries, and support the high-quality development of the industry through long-term mechanisms.

The Zhonggeng Fund further said that after nearly six years of development, the company's unique value gene and corporate culture can make the company's business development clear and the investment strategy system constantly improved. the core members of the research team have practical experience and ability to manage the portfolio. Making the arrangement of hiring more fund managers will maximize the Alpha of investment and research talents and enable everyone in the research team to give better play to the effectiveness of systematic development of investment and research.

Zhonggeng Fund said that if there are further arrangements, the company will issue an announcement in a timely manner. Please follow the company announcement and do not believe or speculate on the information obtained by other unofficial means.

Have repeatedly expressed their views against the market.

Qiu Dongrong has worked in the public offering industry for more than 9 years. He has been engaged in securities investment management since 2008, and has served as a researcher in the Shanghai Representative Office of Qunyi International Holdings, an industry researcher in HSBC Jinxin Fund, a senior researcher, director of the stock investment department and an assistant to the general manager. In May 2018, Qiu Dongrong joined the Zhonggeng Fund and is currently deputy general manager, chief investment officer and fund manager of the company.

During his tenure as a public fund manager, Qiu Dongrong won numerous awards. In 2014, the HSBC Jinxin market, which he manages, was awarded a five-year continuous return stock star fund award by the Securities Times. Subsequently, he won a number of star fund awards, gold fund awards, Taurus awards and Yinghua awards, and so far won a total of 19 awards.

According to data from the Shanghai Securities Fund Evaluation and Research Center, the annualized rate of return of the equity index managed by Qiu Dongrong in the past three years is 12.51%, which is better than the Shanghai and Shenzhen 300 index. Its maximum withdrawal is-36.04%, which is also better than Shanghai and Shenzhen 300. Generally speaking, Qiu Dongrong's income performance in the bull market is the same as that of the market, while his risk control ability in the bear market is obviously better than that of the market. The annualized return of his masterpiece, Zhong Geng value pilot Fund, is 16.98%, far exceeding the annualized return of 2.98% for the market over the same period.

In addition to his outstanding performance, Qiu Dongrong's investment style is also unique, and it is generally believed that he is good at adopting low-valued value investment strategies. Shanghai Securities Fund Evaluation Research Center believes that Qiu Dongrong's investment focuses on stocks, and the overall style is mid-market value. The layout of his position industry is relatively scattered, and the top three industries holding positions in the latest quarter are medicine and biology, machinery and equipment and non-ferrous metals. From the historical record, he holds heavy stocks for a long time, and the distribution of the industry is changeable.

Not only that, Qiu Dongrong has also repeatedly expressed views that are different from the mainstream of the market, which has aroused widespread concern. During the downturn of the Hong Kong stock market, he publicly expressed that he was optimistic about the performance-to-price ratio of Hong Kong stocks, emphasizing that some Hong Kong listed companies had strategic allocation value. at the same time, some of the products he managed also maintained high positions in Hong Kong stocks. When the valuation of the new energy sector is high, he is cautious about the photovoltaic sector. In the recently released quarterly report, in the face of the popular high dividend strategy, Qiu Dongrong once again stressed that "the high dividend strategy is not low risk."

However, the scale of Mr Qiu's management has also been challenged. Data show that from the first quarter of 2023 to the first quarter of 2024, its assets under management shrank from 32.013 billion yuan to 19.854 billion yuan.

It is difficult for individuals to "enjoy the cool" in public offering.

The Zhonggeng Fund was established in 2018 and currently has a management scale of 25.044 billion yuan. From the perspective of shareholder structure, Zhonggeng Fund has four shareholders who hold more than 5% of the shares. At present, the largest shareholder is Meng Hui, with 33.25%, followed by Zhonggeng Real Estate Industrial Group, with 23.75%. In addition, Yan Yan holds 18.05% of the shares and Qiu Dongrong holds 9.73%.

In September last year, the CSRC issued a reply on approving the change of more than 5% of the shareholders of Zhonggeng Fund Management Co., Ltd., approving Qiu Dongrong to become the shareholder of Zhonggeng Fund with more than 5% of its shareholds. and agreed to increase the registered capital of Zhonggeng Fund from 200 million yuan to 210.5 million yuan, Qiu Dongrong subscribed for 10.5 million yuan of new capital of Zhonggeng Fund in accordance with the law, with a corresponding equity ratio of 4.988%. With some of the shares already held, Mr Qiu now owns nearly 10 per cent of the Zhonggeng fund.

In the construction of the research team, the Zhonggeng Foundation currently has a research team of nearly 40 people, accounting for nearly half of the total. With the newly appointed Liu Sheng, there are four fund managers under the company, and the total scale of products managed by Qiu Dongrong accounts for nearly 80% of the company's total scale.

Some industry insiders told Chinese reporters that in recent years, personal public offerings have been expanding in number and scale, but at the same time they are also facing the challenges and differentiation behind highlights. The dependence on star fund managers is high, and the lack of team stability is a persistent problem of individual department public offering for a long time. In the face of volatile market conditions and potential personnel changes, the operation of individual public offerings is usually faced with greater challenges than other public offering institutions that "rely on big trees to enjoy the cool".

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