May 20, be happy alone!
“One Person Fund Company”
“One-person fund company”, what is the concept? One person certainly cannot do all the work of a fund company. In fact, this usually refers to a fund manager with outstanding ability and a very high proportion of personal management scale. A fund manager supports a fund company.
The “one-person fund companies” that everyone is more familiar with, such as the Cinda Australia-Asia Fund (that is, the Cinda Australia-Bank Fund before the name change), which owns $ Cinda Aoyin New Energy Industry (F001410)$ Feng Mingyuan, and Zhonggeng, which owns Qiu Dongrong fund. One person carries the flag and supports the company’s management scale, especially the management fee contribution is more prominent than the scale contribution. If there is no “holding the handle”, the two fund companies will at least drop one grade, or even become “unknown”.
To use another analogy, “a small temple offers a big Buddha” , well, that’s what it means! The contribution of a single fund manager is huge and is crucial for fund companies. Previously, when Qiu Dongrong was in HSBC Jintrust Fund, it was almost the same state. Qiu Dongrong left HSBC Jintrust Fund, and HSBC Jintrust was silent for a while, but fortunately now there is Lu Bin. However, it is not enough to have only one Feng Mingyuan and one Lu Bin. If these fund companies want to grow bigger, they still need to emerge more excellent fund managers. No matter how strong a person’s ability is, the scale of management is limited, and the circle of competence also has a scope.
A true “one-person fund company”
What is a real “one-person fund company”? In fact, it is a fund manager who has contracted all the management scale of management (public offering products).
On May 20, Yimin Fund issued 2 announcements on the change of fund managers: Niu Yongtao resigned due to personal reasons $ Yimin Core Growth Mix (F560006)$ , $ Yimin Quality Upgrade Mix (F001135)$ .
So far, the fund company has only one fund manager left: Zhao Ruoqiong. Zhao Ruoqiong manages all 6 public funds of the company by himself:
Man, it’s an industry spectacle for a fund manager to do it all. You must know that Yimin Fund is not a new fund company. It is a fund company established in December 2005 with a history of more than 16 years.
On May 20, 2022, it is announced that the one-person fund company will be launched, which can still give power to single people. One person can do it! One is also very happy!
not sweet! a little difficult
On this sweet day endowed with special meaning, Yimin Fund Company must not be sweet! Kind of hard! Established for such a long time, the management scale of public offering products at the end of the first quarter of 2022 is only 1.228 billion yuan. There are 6 products, and there are no currency funds. Currency funds are non-renewable products.
For weak fund companies, the only way to turn the situation around is to use strong medicine. The lightest medicine is to change a group of people to start a “secondary business”, with the help of foreign aid resources, to achieve their own development, but from the historical experience, the probability of success is not high, with ambition “secondary business”. There are not many people who do not think highly of themselves. The normal prescription is to start directly from the shareholders, introduce strong shareholders, and use the company-level resources of shareholders, which is much better than personal resources.
However, the licenses of fund companies are not scarce now, and a shell with poor qualifications does not seem to be attractive. This is too difficult.
@Today’s topic #Fund creator incentive plan#
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