The interlacing is like a mountain, but the distance between the reporter and the ** manager is not too far.
With the close connection between media stocks and AI artificial intelligence, ** managers with journalist backgrounds have also begun to appear frequently. Brokerage China reporters noticed that a number of large-scale public offerings have recently issued the appointment and dismissal announcements of managers, and managers with reporter backgrounds have appeared many times. Considering that the personal preferences of **managers**investment are closely related to personal experience, the media track has become a key performance for such **managers**, and some **managers with journalist backgrounds will outperform the market in 2023, and the positions behind them are also closely related to media stocks.
Analysts of some ** companies also emphasized that the most direct and convenient track for the commercialization of AI artificial intelligence is the previously inconspicuous media track, which may be the core area of AI artificial intelligence investment research.
The media embraces AI, and "reporters" ** managers appear frequently.
As media stocks increasingly embrace AI, there is a bit more demand for managers with journalist backgrounds.
Two days ago, Ping An Flexible Configuration** and Ping An Xin'an Mixed both announced that Kang Ziran was hired as the ** manager of the product, and co-managed with the original ** managers Zhai Sen and Liu Jie. Brokerage China reporters noticed that Kang Ziran has been in the public offering industry for less than a month, but he also has investment experience in trust companies and insurance companies. Although Ping An only disclosed that he had served as the president's assistant to the board office of Vanke and the secretary of Minmetals Group in his resume before joining the trust company, Kang Ziran's more important background is that he worked as a reporter for a well-known financial company and was responsible for news reporting in the banking and foreign exchange fields.
Although the professional characteristics of reporters and managers seem to be far away, as the position of the media track in public investment research is becoming more and more stable, cases of journalists transforming into managers have also appeared from time to time in the field of public and private equity.
On January 18, in a personnel change announcement issued by Dacheng, Fang Xiaocheng, the former manager of Dacheng Jingrong, resigned on January 17 for personal reasons, and has gone through the cancellation procedures in the China ** Industry Association in accordance with the regulations. Fang Xiaocheng was a well-known reporter in the early days, after which he turned to the field of market research and investment, and entered the public offering industry as a manager in 2017, and maintained a relatively good performance.
A few months ago, in the announcement of star manager Cai Songsong stepping down from related products, manager Chen Yanpeng was hired as the manager of the product. It is worth mentioning that Chen Yanpeng was also born in a well-known financial **. Or because of Chen Yanpeng's professional background in finance, in the historical record of the top ten heavy stocks of Nuoan Yixin Flexible, which he manages, media stocks and game stocks frequently appear.
In the private equity industry, there are more managers with a background in journalist work. Brokerage China reporters noticed that Tong Diyi, general manager and investment director of Longying Fuze Asset Management (Beijing), is a well-known financial reporter, and he finally started Longying Fuze at the end of 2007 and officially transformed into a private equity manager. In addition, a person who worked in private equity Zexi Investment and held the position of CEO of Zhongtai Asset Management, his longest tenure before entering the private equity industry was as a financial reporter. Before the bull market in 2015, a super-large public investment deputy director, whose business partner of public to private entrepreneurship is also a reporter of a well-known financial **.
The position prefers media stocks, and the performance is remarkable.
Although the interlacing is like a mountain, the reporters who are familiar with the media track have performed well after transforming into ** managers.
After a well-known reporter from a brokerage China reporter joined a well-known private equity, he relied on 156 in the second year of joining, that is, in 2009The annual yield of 66% became the runner-up of the national sunshine private equity that year. Another reporter served as the manager of Sunshine Private Equity, according to the data published until January 19, 2024, the representative works under his management made a cumulative profit of 19341%, the net value of the product is 2Around 6 yuan, it has also significantly outperformed the market in recent performance.
In addition, Chen Yanpeng, the manager of Sino Analytica, who was born in the well-known financial industry, has been ranked in the forefront of the whole market in the past three years in the performance of Sino Yixin's flexible allocation. In 2023, the product he managed still achieved a positive return of nearly 6% in the context of the poor performance of the A** field, and this may be due to Chen Yanpeng's ** work background to a considerable extent, which makes him have a more in-depth research on TMT, artificial intelligence and other tracks, including the media track.
Recently left the ** manager Fang Xiaocheng, he managed a number of products during his tenure at Dacheng ** all achieved positive returns, on a hybrid partial debt ** product he managed, Fang Xiaocheng successfully avoided the **market** in 2022 and 2023**, he has been taking**0** since 2022, so that the mixed partial debt** in 2022, 2013 respectively to obtain % positive returns, which also means that in the market adjustment, it is difficult to make money in the critical two years, This seemingly inconspicuous ** product also gained 7% cumulative income against the wind, outperforming a number of star ** products that have suffered substantial losses in two years.
It is obvious that the choice of **manager** has a personal preference, which makes ** managers with special work backgrounds often emphasize certain familiar areas in ** and the industry, because the rise of AI artificial intelligence has made the previously lonely media track a hot field, and it has also affected the performance of ** managers to a considerable extent.
A person from the Great Wall ** stressed to the Chinese reporter of the brokerage that the most important landing scenario of AI artificial intelligence, which is a high-tech landing scenario, is nothing else, and it is the previously inconspicuous media track. Those products can be landed, the business model of the smooth company can continue to win in the first place, the product landing referred to here is not equal to the performance of the immediate cash, but its products and new technology have a good application and integration, some media companies actively embrace the AI industry trend, the layout of the product is expected to gradually land online, open up the medium and long-term growth space, the market will also be in the valuation and market value level to match its business progress. At the same time, there is no shortage of catalysts for AI applications at the industrial level, and more basic tools and application cases continue to emerge overseas, such as the game sub-industry in the media sector, AI-assisted supply efficiency is improved, and related media stocks have the possibility of value realization in future AI training, and at the same time, publishing track stocks are expected to extend to AI + education, and logically large language models have profoundly changed the way and efficiency of information dissemination, and the fit with education is also high.
The above-mentioned logical analysis of AI-accelerated value enhancement of media stocks undoubtedly gives relevant ** managers some advantages in AI artificial intelligence and media investment.
Optimistic about artificial intelligence, the market is likely to go out of the upward trend.
Regarding the future market, what do these ** managers who are born as **journalists think?
Chen Yanpeng, manager of Nuoan Yixin's flexible allocation, said that he is optimistic about the performance of the technology industry for a long time, and takes it as a key investment direction, first of all, policy support, the science and technology industry carries the important mission of helping the transformation and upgrading of the national economy and opening up the domestic and international dual circulation, and the country has taken scientific and technological innovation as the strategic grasp of the 14th Five-Year Plan economy, giving science and technology an important mission. The second is that China has the industrial soil for the rise of science and technology, most of the production and manufacturing of consumer electronics terminal brands in China, China has the world's best engineers and entrepreneurs, investors have witnessed the rise of consumer electronics, and the future of semiconductors, new energy, etc. will copy the development of consumer electronics.
Chen Yanpeng believes that the A** field in 2024 will be more optimistic about the artificial intelligence sector, and the long-term perspective of artificial intelligence is a productivity revolution in human history, and the logic of reducing costs and increasing efficiency and creating demand in many fields is still in the process of verification, and it is necessary to remain optimistic about the short-term impact, and at the same time, we cannot underestimate the long-term changes in the AI industry, and it is expected that in 2024, AI will gradually land feasible products or business models in autonomous driving, robots, and B-end applications. The second is that it is still necessary to pay attention to the localization process of semiconductor equipment and materials, the United States still has restrictions on China's semiconductors, and the urgency of improving the localization of some semiconductor equipment and materials monopolized by Japan and the United States, AI chips and other fields will be higher.
In view of the recent market, Tong Diyi, general manager of Longying Fuze Assets, recently publicly stated that the market is likely to go out of the first upward trend. From the perspective of valuation, whether it is horizontal or vertical comparison, A-shares have a large margin of safety, and at the same time, the current policy is positive and liquidity remains abundant. As the tightening policies in Europe and the United States reach an inflection point, the repression from the outside will also tend to be lifted.