In the summer of
2009, Zhuang Tao received a Chinese Entrepreneurs Fund, the Jian-Bo Sun, Chairman Li Xiaoan before.
time, Jian-Bo Sun's title is the Chinese fund strategist. For him, this is not a very good memory. China CITIC Fund has merged into the fund, he already had 11 years of securities industry experience, served as manager of CITIC Fund dividends, and get off a good performance. .
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funds are plotting a new layout
in each fund, the fund manager's position, are far higher than the researchers. Reduced to researchers from the fund manager, is extremely rare.
Chinese Entrepreneurs Fund, Assistant General Manager, Chief Investment Officer Zhuang Tao said he likes in the market looking for such people: very experienced, has a good track record. He said such people, ideas, ability and passion, they just did a better chance.
2009 年 8 months, Jian-Bo Sun officially entered the Chinese Entrepreneurs Fund, Investment Management as vice president, and Zhuang Tao, Liang Yongqiang with the management of Chinese business system's flagship fund - The Chamber flourishing growth.
16 months later, the Chinese businessmen flourishing growth of the yield to 37.76% annual return won the 2010 championship, Liang Yongqiang Chinese business management, dynamic alpha alone, then ranked fifth overall. Chinese Entrepreneurs Fund, promotional materials, Zhuang Tao, Jian-Bo Sun, Liang Yongqiang, and known as the
From 2002 he was one entry to the securities in the investment banking division Hualong a researcher.
2004, the Hualong Securities initiated the establishment of the main Chinese Entrepreneurs Fund, Liang Yongqiang entered the preparatory group. In 2007, the Chamber issued a first fund products - Chinese business leader. As a fund manager at that time, it is now the General Manager Wang Feng Chinese Entrepreneurs Fund. And Liang Yongqiang, it is the only fund of funds manager assistant.
Chinese business leaders also served as assistant fund manager, is the Tao in 2006 to join the village. Zhuang Tao, famous in the capital market had CASIC any self-finance companies, investment director. Aerospace Science and Industry Finance Company's ability to invest in 14 financial companies, has been ranked higher.
2007, 5, was established in the Chinese business leader to the end of the net growth rate of 51.17%. Although the fund was established in the same period in the top-ranking, but the big bull market in unprecedented, this is not a cause for concern to the figures.
for the fund industry, it was a year full of myth, the Chinese market Yawei management, single-year net growth rate of 212.81 percent to a record, a war fame. Performance of the year runner-up is the core of China Post Pengxu management optimization, the call results in Peng Xu, China Post's second fund - China Post Core Growth, 600 million of funds by the mad rush to buy.
2008, the tide quickly receded, the fund industry fall into the abyss. August 2008, the Chamber issued a second fund - The Chamber flourishing growth, Zhuang Tao and Liang Yongqiang, partner out of Ren Shuangji Fund Manager.
difficult issue of the Fund, distribution period, Zhuang Tao had personally in running the country, communication with investors. Finally, the Chamber grew to 385 million hard flourishing establishment. Open the redemption of a quarter, the fund only 158 million copies.
small fund which was the flagship fund - Chinese business leaders, and Awkwardness due to the high position of a continuous suspension of the sky, 2008, Chinese business leaders in the final freeze-frame in the rate of return -59.54% in the same types of funds in the bottom of the rankings.
Chinese Business Chinese Business Prime leading companies grow beyond to become its new flagship Chinese Entrepreneurs Fund, is from this point on. The last months of 2008, the process in the broader market fell, Zhuang Tao and Liang Yongqiang received a positive return of 1.25%.
and Zhuang Tao, Spirit-led the investment style of Chinese businessmen also gradually becoming apparent: Chinese Entrepreneur Spirit and out of time though, including China Ping An Bank of Beijing, Poly Real Estate, China Vanke A, a series of tunnels, including shares of stock, but the fourth quarter of 2009 the position has been controlled at around 40%.
2009 first quarter, Zhuang Tao and Liang Yongqiang the position to 80% of the time, laid the Golden Age of Chinese businessmen based on annual results. At the end of growth of Chinese business prosperity to the net increase of 106.7%, ranking fourth in similar funds.
This year, the combination of Zhuang Tao and Liang Yongqiang attention beginning in the fund industry, a fund research firm recommendation given reason is: The fund has been established in all quarters, both ranking first 1 / 4, for the first time the two are people who act as fund managers, but also great potential.
the end of this year, the share of Chinese businessmen flourishing growth, and finally increased to 12.4 million copies.
But the star of 2009, is still raised funds has become a brother of the Ya-Wei, who at the end of the last day to 116.19% of the net rate of return to defend their dominant position.
This year, the former general manager Yu Lu Ming resigned as general manager Wang Feng, Zhuang Tao, the Chinese businessmen are fully responsible for the investment and research work. He found the Jian-Bo Sun, and their own prosperity with the growth of Chinese business partner management. And Liang Yongqiang, will focus more on the Chinese businessmen on the Alpha.
2010, the surging growth of Chinese business prosperity. At the end of the growth and flourishing Chinese market Chinese entrepreneurs, Jian-Bo Sun and Yawei championship, has become the most interesting news. Finally, the
Some company assessment, I feel as long as the middle level of a year can maintain the performance. But we can not, I have never considered the middle level of this view, our team everyone wants results as far as possible near the front. Zhuang Tao said, investment research team also continued to expand power.
Since leaving China Fund, Jian-Bo Sun all the experience in China not to mention closed. But he hoped that through performance, to prove their ability to invest long, but well known.
on this team, Zhuang Tao and Liang Yongqiang stock picking ability, Jian-Bo Sun's ability to macro-strategy, there are a breed apart.
three years ago, he is relying on this point proved his ability. Zhuang Tao and Liang Yongqiang first met, there is no ability to leave his deep impression.
eyes Chuang Tao, Liang Yongqiang the market to determine hot spots and the ability to control, even on their own: That is the next hot market, and can make money from, which is very powerful. Fourth quarter of 2010, the Chamber Dynamic Alpha rising speed, and even more than once flourishing Chinese business, trends fierce. Liang Yongqiang Awkwardness Fujian Fujian is the largest, but also out of the rally stages of contrarian.
Zhuang Tao, but in view, this remains Liang Yongqiang investment and other differences. Awkwardness of some of the best institutions. concern
and Chinese businessmen alpha Awkwardness, Zhuang Tao were known as the The end of the third quarter of 2010, the Chamber in the Dynamic Alpha Awkwardness, Fujian Fujian Province has been in the last quarter of the other funds on behalf of Chinese companies to abandon, and Zhiguang Electric stock was not part of this fund Shigekura list.
and although co-management of Chinese businessmen now flourishing growth, Jian-Bo Sun, and Zhuang Tao policy views, but also often different. Example, when discussing the investment strategy in 2011, Jian-Bo Sun to the market expectations, significantly higher than Zhuang Tao and Liang Yongqiang optimistic.
2009 third quarter, a rare rose in the market, the growth of Chinese business still continued prosperity, to ensure performance.
and Liang Yongqiang admitted, his operation of the second half of 2010 than the more radical Tao Jian-Bo Sun, and Zhuang, to not do so much defense. vary widely, which is 'compatible symbiotic' ideas in the embodiment of the work of investment management.
Chinese Entrepreneurs Fund, according to statistics, as of December 31, 2010, Chinese businessmen flourishing fund assets reached 12.645 billion yuan, representing an increase of nearly 500% early last year. Chinese Entrepreneurs Alpha fund assets reached 4.569 billion yuan, up 130% over the previous quarter end. If we add 118 million Chinese business strategy of selection, three of the total assets under management currently has 5.0 billion from a year ago or so, up to 300 million.
in the fund industry, the principle is almost universally recognized: small funds through stock selection, sector allocation by the large fund, the larger the fund the more difficult to do.
and different from many large fund companies, the Chamber Foundation since its inception, has been emphasis on stock picking ability of fund managers, and light industry configuration.
until the end of the third quarter, despite the scale of Chinese businessmen close to Prime 8.0 billion, but the industry is still more dispersed configuration.
Determine if the sector allocation error, the risk will be great. Our people are hard-working team, but did not speak much investment philosophy, investment guru that he is the man. Buffett said that he was only Business man, I think this is some of the mentality of the fund manager.
in the past two years, the growth of Chinese business investment style prosperity while also controversial, for example, and more Chinese funds Awkwardness coincidence, but research institutions recognized the general fund, this is a stock selection strong ability of funds, mainly alpha earned income.
Zhuang Tao said, in fact, in 2010 there are the mistakes, such as optimistic about the stock because a certain element does not determine the right, bought only to find the company may have problems, quickly sold.
but the scale of assets, not only contribute to stock return on the marginal effect of income of the Fund will be reduced, and operating on the stock, the Chamber's team also face a new test: If you want to get to rely on stock selection higher returns, it is necessary to further improve the stock concentration, but large-scale capital out of a stock, speaking from the operation is not easy, is likely to lead to stock transactions.
Zhuangtao Cheng recognition, and even many in the industry have questioned, as a too rapid development of the company, the Chamber.
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