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Will Wu Jiaqi, founding partner of 10 billion private equity firm Sixie Investment, leave? The company responded

2024-07-16

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China News Service, July 16 (Zhou Yihang) On the 16th, market news said that Wu Jiaqi, the founding partner of Shanghai Sixie Investment Management Co., Ltd. (hereinafter referred to as Sixie Investment), will resign and his shares in the company will be transferred to another partner of the company, Chen Panying.

In this regard, a person from the brand publicity department of Sixie Investment told China Business Network:It is true that Wu Jiaqi will withdraw from Sixie Investment. The market development and other businesses he is responsible for will be transferred to partner Li Susu. After his withdrawal, his corresponding equity in the company will be transferred to partner Chen Panying. The relevant agreement on the equity transfer is in the process and it is expected to be completed within 1-2 months.

"The core management personnel of the company team have grown up with the company and are very familiar with the company's overall culture and organizational structure." The person said.Wu Jiaqi's withdrawal will not have a significant impact on the company's operations. In the future, Sixie will work harder to serve existing customers.

According to the official website of the China Securities Association, Sixie Investment was established in 2016 with a registered capital of 10 million yuan and currently has a management scale of more than 10 billion yuan. The legal representative, executive director and person in charge of information reporting of Sixie Investment is Chen Panying, the person in charge of compliance and risk control is Yang Meng, and the general manager is Wu Jiaqi.

As the founding partner and general manager of Sixie Investment, Wu Jiaqi has many years of experience in quantitative investment management in China. Before founding Sixie Investment, Wu Jiaqi worked as the head of the quantitative strategy group at Sichuan Securities Research Institute, responsible for financial engineering research.

In addition, Wu Jiaqi has worked as an investment manager in the quantitative investment department of Oriental Dianshi Investment Management Co., Ltd., as a researcher and investment manager in the securities investment department (proprietary trading) of Donghai Securities, and as a deputy manager in the arbitrage department of Shanghai Xindi Investment Management Co., Ltd.

As for Wu Jiaqi's next move, Sijie Investment said:Wu Jiaqi hopes to return to his family and find something interesting to explore. It is highly likely that he will not work in the private equity industry in the short term.

According to data from Private Equity Ranking Network, Wu Jiaqi currently manages a total of 9 funds. During his tenure as an investment manager at Sixie Investment, his cumulative return was 51.37%, and his return in the past year was -0.64%. Among the funds included in Private Equity Ranking Network, the one with the highest return is Sixie Investment Trend CTA No. 1, with a return of 61.46% during his tenure from September 2018 to date, and the one with the lowest return is Sixie Investment Stock Long-Short Allocation No. 2, with a loss of 8.6% during his tenure from May 2024 to date.

(For more reporting clues, please contact the author Zhou Yihang: [email protected]) (China News Service APP)

  (The views in this article are for reference only and do not constitute investment advice. Investment is risky and you should be cautious when entering the market.)

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Editor: Wei Wei and Li Zhongyuan