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Topic: Qiu Dongrong of Zhonggeng Fund will leave his post? Fund managers are recruited for two of its products
Every reporter Huang Xiaocong Every editor Zhao Yun
Recently, the market reported that Qiu Dongrong, the head fund manager of Zhonggeng Fund, might leave his post.
The reporter of the Daily Economic News learned that Qiu Dongrong's departure may not be so fast, and the whole process is estimated to take some time.
Some insiders said: "Next, the products under its management may first have some actions to recruit fund managers."
The news that Qiu Dongrong may leave office has attracted market attention.
The reporter learned that according to the departure experience of several well-known managers, the whole process usually takes a period of time.
Some insiders also pointed out that in the future, the product under its management will probably employ more fund managers.
As we all know, Qiu Dongrong can be called the front man of Zhonggeng Fund, whose management fund scale almost supports the whole company.
Wind data shows that by the end of the first quarter of this year, the public offering management scale of Zhonggeng Fund was about 25 billion yuan, of which Qiu Dongrong was managing 5 funds, with the management scale approaching 20 billion yuan.
In 2018, Qiu Dongrong left HSBC Jinxin Fund and "switched to" Zhonggeng Fund. In December of that year, Qiu Dongrong began to manage his first product in the Zhonggeng Fund - Zhonggeng Value Pilot Hybrid, which has been more than five years.
In the first year or two, the performance of products managed by Qiu Dongrong was not outstanding, even lost to CSI 300 Index 。 However, after 2021, its products began to develop and gradually rushed to the front. Qiu Dongrong also returned to the vision of investors again, and was sought after by individual investors and institutional investors.
From the annual report of Zhonggeng Value Pilot in 2023, it can be seen that the proportion of individual investors and institutional investors is close to 50%.
If Qiu Dongrong finally leaves his post from Zhonggeng Fund, both individual investors and institutional investors will face a new choice. Referring to the past situation of star fund managers after leaving office, many investors will choose to redeem first.
However, some insiders believe that "there may be such a process, but after so many years, Qiu Dongrong's team has been relatively mature and should be able to maintain (investment) style."
Qiu Dongrong's departure has attracted much attention because he is a large shareholder of the company.
For fund companies and fund managers, this can be seen as a two-way rush.
In 2022, the industrial and commercial change information of Zhonggeng Fund shows that the number of shareholders of Zhonggeng Fund has changed from 7 to 10, of which Qiu Dongrong appears in the list of shareholders, with a shareholding ratio of 4.99%.
In September 2023, the CSRC announced that Qiu Dongrong was approved to become a shareholder holding more than 5% of the shares of Zhonggeng Fund. It is agreed that the registered capital of Zhonggeng Fund will be changed from 200 million yuan to 210.5 million yuan, and Qiu Dongrong will subscribe for the new 10.5 million yuan of Zhonggeng Fund according to law.
According to the equity disclosed by Zhonggeng Fund in February this year, Qiu Dongrong's shareholding ratio is 9.73%.
If Qiu Dongrong leaves his post, what will be done with this equity? Is it retention or transfer? It will take some time for the answer to be revealed, and we will continue to pay attention to it.
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Editor in charge: He Junxi
