The "dark horse" of the industry must also show excellent strength.
"Famous" Waterloo
Another ** "celebrity" was placed in the spotlight.
At the end of the year, when combing the performance of **manager, it was found that He Jie's performance from Ping An was not very optimistic.
Querying the daily ** network, looking at He Jie's current ** performance, it is green. Losses in the past three months15%, the loss in the past year is more than 20%, and the loss in the past two years is close to 30%.
You know, He Jie was not like this before. Looking through the ** managed by He Jie, most of them have good performance, and the return on some products even exceeds 200%.
According to public information, He Jie graduated from the University of Augsburg in Germany, and has successively served as an industry researcher at Huachuang Research Institute, an investment manager of Qianhai Life Insurance Co., Ltd., and the general manager and manager of the equity investment department of Xinjiang Qianhai United Management. He joined Ping An** in August 2021 and is currently the Executive General Manager of Equity Investment Center.
This can't help but make people wonderAfter joining Ping An**, what did He Jie experience, and how much his performance has changed?
With this question, I clicked on He Jie's current ** position. This is the top 10 holdings of Ping An Low Carbon Economy Mixed C (009879).
This is the top 10 holdings of Ping An Value Pilot Hybrid C (015511).
Interestingly, the top positions are all China Feihe, Gree Electric and CATL. In the past two years, the stock prices of both China Feihe and CATL have fallenMore than 60%.
"The performance has changed dramatically".
In Ping An**, it is not only He Jie who has encountered this kind of "sudden change in performance".
The typical one is Li Huasong. According to public information, Li Huasong has served for a total of 7 years and 235 days, and has successively served as an analyst of the Economic Research Institute of Guoxin ** Co., Ltd., an analyst of the ** Management *** Research Department of Huabao Xingye ** Management, a senior researcher and ** manager of the ** Management *** Research Department of Harvest **, and joined Ping An ** in March 2018.
Open the details of Li Huasong's current ** performance, and what catches your eye is also a piece of green. Judging from the situation in the past two years, many products managed by Li Huasong have lost more than that
There are also those who have had a similar experience. According to the data, Shenai has served for 7 years and 175 days before the total, and has served as an industry researcher of the First Venture ** Research Institute, a senior researcher of the Minsheng ** Research Institute, and a senior researcher of the First Venture ** Asset Management Department, and joined Ping An Dahua ** Management Company in December 2014.
Looking at the performance of the former and current ** of God's love, it is also unbearable to look at it directlyThe performance of many products has also fallen more than in the past two years
It is worth mentioning that, according to the statistics of Coopers, the "apotheosis" combination of Shen Aiqian and Li Huasong, Ping An, once accounted for 60% of Ping An's ** and mixed **.
In the previous publicity, the representatives of these two equity star ** managers were called "outstanding performance" and "two doubling bases in two years". The people who rushed to this wave of propaganda never thought that they would come to a "style drift", not to mention making money, and they would burn high incense if they lost less.
There are also ** managers, directly"Pick a pick". According to the report of Jiemian News, recently, 13 ** companies including Ping An CSI 300 ETF issued an announcement on the change of **manager, and the announcement said that the former ** manager Cheng Jun resigned for personal reasons.
According to the data, Cheng Jun joined Ping An ** in February 2017 and previously managed 13 ETFs and connection**, with a total management scale of 424.8 billion yuan. According to the combing of interface news, many products managed by Cheng Jun have been in office for less than a year.
In the face of this situation, many people said bluntly:After bringing a large lossThe manager waved his hand and left, is this reasonable?
The strength of investment and research needs to be improved
Looking deeper, whether it is the "famous general" Waterloo or the "performance change", you can find the answer from within Ping An**.
According to the official website, Ping An** was founded in 2011 and is headquartered in Shenzhen. At present, Ping An has 3 shareholders, namely Ping An Trust Co., Ltd. and Dahua Asset Management, Sanya Yingwan Tourism
According to the data of Tiantian**.com, as of now, the management scale of Ping An ** is 54437.3 billion yuan, which can rank among the top 20 in the industry.
Although the total scale is not small, Ping An ** has existed for a long timeThere is an imbalance between stocks and debts". According to the data of Tiantian.com, the total number of Ping An and hybrid is only about 44.5 billion, less than 10% of the total scale. In contrast, fixed income funds (bonds**, currencies**, etc.) account for nearly 90%.
And in the ** world,EquityInvestmentsCapabilitiesto be seen as suchThe real competence of the managerAs early as 2018, the regulator explicitly excluded the currency share when ranking the performance of the public offering, because in this way it "more truly reflects the strength of the company".
Therefore, the "imbalance between stocks and bonds" also reflects the relative weakness of Ping An**'s strength in equity investment.
Ping An ** is also aware of this, in recent years, it has introduced He Jie, Li Huasong and other equity ** managers from the outside, but the effect does not seem to be obvious.
At the beginning of 2023, the industry observer "Institutional School" has done a comparative study on the equity managers of Ping An**, and the data shows that the phenomenon of "one-to-ten" of Ping An**'s investment research team is not uncommon.
Source: Institutional Pie.
And fromIn terms of unit income, Ping An's investment research team,YetNothing was able to createEquity managers with more than 10% of unit income. Li Huasong and Shenai, who had performed well before, have also been tired in the past two years, and they have also been pointed out that there is a problem of "serious homogenization of their **".
As a member of Ping An Group, Ping An ** can be said to be the "dark horse" of the industry, and it has squeezed into the top 20 in a few years. But even if you have your back to a big tree, you have to keep working hard, otherwise
In the face of the changes of the times, time does not necessarily have so many friends