After Hu Xinwei became famous, he suffered a huge loss of 30 billion, but still received 2.4 billion in management fees! He redeemed 38 million precisely at high prices

After Hu Xinwei became famous, he suffered a huge loss of 30 billion, but still received 2.4 billion in management fees! He personally redeemed 38 million at high prices

2024-08-17

Recently, the liquor sector, which was once favored by fund managers, has continued to fall. The largest decline of Kweichow Moutai in the past three months has exceeded 20%. So how have the public fund managers who have previously been successful by investing heavily in the liquor sector performed recently? According to the investigation by Institutional Home, the net value of "Huatianfu Consumer Industry 000083.OF", managed by Hu Xinwei, a famous fund manager of Huatianfu Fund, has fallen sharply recently, ranking last among all funds with a value of more than 10 billion yuan.

The following figure is the net value curve of "Huatianfu Consumer Industry 000083.OF" in the past year

Data source: Wind, Institutional Home

Hu Xinwei studied for both his bachelor's and master's degrees at Tsinghua University. Upon graduation, he joined China Universal Asset Management as an industry researcher. Five years later, in 2016, he officially began his career as a fund manager. In 2019, he ranked first in the five-year active management fund returns. At its peak in September 2021, Hu Xinwei's scale reached 76.865 billion yuan, ranking on par with Zhang Kun, Xiao Nan, and Liu Yanchun.

As of now, Hu Xinwei manages eight funds at China Universal Asset Management, with a total size of 33.22 billion yuan. The following table summarizes the basic situation of the eight funds managed by Hu Xinwei:

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After Hu Xinwei became famous, he suffered a huge loss of 30 billion, but still received 2.4 billion in management fees! He personally redeemed 38 million at high prices

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