The Paper reporter Ge Jia
Only one day after he left the post of deputy general manager of Nanhua Fund, 48-year-old Wang Mingde took up the post of general manager of Yimin Fund. It can be described as a seamless connection!
html On June 30, Yimin Fund issued an announcement announcing that Wang Mingde would become the company’s new general manager, with an appointment date of June 28. The above-mentioned changes have been reviewed and approved by the 11th meeting of the fourth session of the Board of Directors of Yimin Fund, and the company has filed the above-mentioned matters in accordance with relevant laws and regulations. However, one day ago, Nanhua Fund just issued an announcement stating that deputy general manager Wang Mingde resigned due to personal reasons, and his departure date was June 27. In addition, on June 23 earlier, Wang Mingde resigned from three products managed by Nanhua Fund.
had an equity transfer dispute with Hongde Fund
Public information shows that Wang Mingde, born in 1974, is 48 years old and has a master's degree in finance from Renmin University of China. He has been working in the securities industry for 22 years. From 1999 to 2000, he worked at Beijing Zhongyikang Economic Consulting Co., Ltd. as a researcher; from 2000 to 2002, he worked at Beijing International Trust and Investment Company as a researcher; from 2002 to 2011 From 2011 to 2015, he worked at Guodu Securities and served as the deputy director and director of the research institute; from 2011 to 2015, he worked at Dongxing Securities as the director of the research institute.
After working on the sell-side for many years, Wang Mingde moved to a buy-side institution on June 12, 2015, and joined Hongde Fund as assistant to the general manager and director of investment research until his resignation in March 2017.
However, Wang Mingde’s experience in Hongde Fund seems not to be pleasant. In September 2017, the Xicheng District People's Court of Beijing accepted the case of Wang Mingde suing Wang Dexiao, general manager of Hongde Fund, over the equity transfer dispute of Hongde Fund. At that time, Wang Dexiao held 26% of the shares of Hongde Fund. He was the natural person with the largest shareholding ratio and the largest shareholder. In Wang Mingde's view, 0.3% of Wang Dexiao's 26% shareholding is held on his behalf. However, in the end, the Beijing Second Intermediate People's Court in 2018 upheld the original judgment of the first instance and rejected Wang Mingde's appeal. His claim that Wang Dexiao held 0.3% of the equity of Hongde Fund on his behalf was not confirmed.
bombarded high-frequency quantitative cutting of leeks
After leaving Hongde Fund, Wang Mingde joined Nanhua Fund in April 2017 as deputy general manager. During his time at Nanhua Fund, Wang Mingde managed 4 funds. Wind data shows that among the 4 funds, 3 bond funds have positive returns, and all of them have exceeded 12%. The only equity fund has been operating since 2021. Over a year from June 3 to June 23, 2022, the return on tenure was -17.29%.
However, Wang Mingde is more famous at Nanhua Fund for his high-frequency quantitative leeks cutting on Weibo.
According to public reports, on the evening of November 23, 2021, Wang Mingde said on his Weibo "Mingde Chat": "JA Technology (002459) almost hit the limit during the session. The company's fundamentals are not negative. This is A typical case of high-frequency quantitative funds cutting leeks. Several high-frequency quantitative sales departments and high-frequency quantitative funds wearing Shenzhen Stock Connect vests are harvesting fiercely. The long-term funds inside can only stamp their feet and curse. Such a trend is no longer the first. Once again. If high-frequency quantification is not eliminated, there will be no peace in the market." On November 24, 2021, the Weibo post was deleted, and a new Weibo post was posted saying: "Received a notice requesting to delete a post posted last night. Weibo, thank you all for your attention, sorry! "
Currently, this Weibo user is shown as not existing.
new challenge, how to make your husband of 16 years break through?
Yimin Fund is the third public fund that Wang Mingde has joined. The question before him is obviously how to make this established public fund that has been established for more than 16 years successfully break through.
In December 2005, Yimin Fund was established. Judging from the years of establishment, this is a proper public fund. However, as of the end of March 2022, the company's fund management scale was only 1.228 billion yuan, ranking 139/149 in the industry, far behind companies established in the same period.
Tianyancha data shows that Yimin Fund currently has two shareholders, Chongqing International Trust Co., Ltd. holds 65% of the shares and China New Era Co., Ltd. holds 35%.The suspected actual controller behind the incident is Tongfang Guoxin Investment Holdings Co., Ltd.
Since its establishment, Yimin Fund executives have changed frequently. In April 2009, the company's first general manager Liu Yipeng resigned; in 2010, the second general manager Zu Yu resigned after only one year in office; in January 2011, the third general manager Lei Xuejun took office; in 2016 In January, Yimin Fund welcomed its fourth general manager Huang Hua; in September 2018, after Huang Hua resigned due to the expiration of his term, Yimin Fund welcomed its fifth general manager Kangjian. Later, Kang Jian resigned on December 30, 2021 due to personal reasons, and the company's chairman Dang Junzhang served as acting general manager. Wang Deming is the sixth general manager.
Coincidentally, Huang Hua, the fourth general manager of Yimin Fund, also has a civil dispute with the company.
According to the "Second Instance Civil Judgment of the Labor Dispute between Huang Hua and Yimin Fund Management Co., Ltd." disclosed by the Beijing Court Trial Information Network on March 21, Huang Hua, 54, joined Yimin Fund on January 1, 2016. Both parties Signed an unlimited-term labor contract starting from January 1, 2016, and the labor contract was terminated on December 27, 2018. However, Huang Hua had objections to the salary difference, reimbursement and other payments during his tenure, and eventually filed a civil lawsuit.
In the end, the case passed the first and second instances of the court, and the latest judgment was that Yimin Fund needed to pay Huang Hua a total of 516,354.66 yuan in wages, reimbursements, wage differences and economic compensation for the termination of the labor contract.
The lawsuit also seems to have caused Yimin Fund to receive a regulatory fine. According to its fund annual report disclosed on March 25, the company failed to disclose changes in senior management personnel in a timely manner in 2018 and failed to report the resignation of senior management personnel in a timely manner. According to the audit report , the China Securities Regulatory Commission decided to open an investigation into the company on August 31, 2021. The investigation matters do not involve fund properties and fund management business.
From the perspective of product quantity and scale, Wind data shows that Yimin Fund currently has only 6 products, all of which are hybrid types, and the fund manager of the above products is Zhao Ruoqiong. This is also the only fund manager of Yimin Fund. Frequent changes in senior management seem to have caused a serious brain drain in the company.
However, among Yimin Fund executives, Wang Deming is not the only one who has served at Nanhua Fund. On June 17, Wang Jian, former assistant general manager and general manager of the fixed income department of Nanhua Fund, just assumed the new position of deputy general manager of Yimin Fund. , which may increase the running-in speed of the new team.
Public information shows that Wang Jian, born in 1984, is 38 years old and has a master's degree in industrial economics. He once served as the investment manager of the Financial Market Department of Baoshang Bank, the fund manager and deputy general manager (in charge of work) of the Fixed Income Fund Investment Department of Founder Fubon Fund, the investment manager of the Fixed Income Department of China-Canada Fund, and the investment director of the Fixed Income Department of Zhongke Fertile Land Fund. Assistant to the General Manager of Nanhua Fund and General Manager of the Fixed Income Department. Joined Yimin Fund in March 2022 and currently serves as the company’s deputy general manager and director of fixed income investment.
doesn’t know whether Yimin Fund will focus on fixed income in the future and find opportunities to break through.
Editor in charge: Dongdong Picture editor: Zhang Tongze
Proofreading: Ding Xiao
