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Huaan Fund's equity products have almost been "annihilated" this year

2024-08-12

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Text | Wu Lixiang

Source | Fortune Unicorn

The trading days of the first seven months of 2024 have ended. Although the last day of July saw a long-lost big positive line, the overall performance of most funds during the year was extremely sluggish, and even many active equity fund managers of old fund companies were "annihilated". (That is, all funds managed by one person failed to achieve positive returns during the year), and the old Huaan Fund unfortunately became such an example.

Among the fund managers at the time, the current investment director Hu Yibin became famous at a young age and was considered a rare expert in technology stocks. However, as of the end of the trading day on August 2, 2024, the funds he managed had fallen by more than 12% this year; Jiang Qiu, who managed more products than him and had been in office for a longer time, also had all the funds he managed with negative returns so far this year. In addition, the same situation also occurred with 10-year veteran Rao Xiaopeng.

This phenomenon not only occurs among male fund managers, but also among many well-known active female equity fund managers in the company, such as Chen Yuan, Liu Changchang, and Liu Xiao. For example, in recent years, Bilibili goddess Liu Xiao has managed three pharmaceutical funds with negative returns, and the earliest one she managed has a floating loss of nearly 30%.