Home » Awkward! “Star” Gao Bing owns 6 merchandise that every one lose about 30%. _Channel_Financial Channel Homepage_Financial Network-CAIJING.COM.CN

Awkward! “Star” Gao Bing owns 6 merchandise that every one lose about 30%. _Channel_Financial Channel Homepage_Financial Network-CAIJING.COM.CN

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Awkward!  “Star” Gao Bing owns 6 merchandise that every one lose about 30%.  _Channel_Financial Channel Homepage_Financial Network-CAIJING.COM.CN

Resignation of Fund Manager Gao Bing at Huashang Fund Raises Eyebrows

Financial Associated Press, May 29 (Reporter Li Di) – The resignation of Gao Bing, a well known fund supervisor at Huashang Fund, from two funds has sparked curiosity and hypothesis out there. Gao Bing, identified for his effectivity and simple method, has been within the fund administration {industry} for 9 years.

Gao Bing, who as soon as advocated for a no body, idea, or type method in fund administration, cited work necessities as the rationale for his resignation. However, the efficiency of the funds he managed this 12 months, notably within the laptop and pharmaceutical sectors, has been disappointing. All 4 funds below his administration have skilled losses of greater than 27% this 12 months, with the very best common reaching 11.9 billion.

Gao Bing Resigns from Two Funds in One Day

On May 29, Huashang New Energy Vehicle Mix introduced the change of fund supervisor with Gao Bing resigning because the fund supervisor and Zhang Wenlong taking up. Simultaneously, Huashang Shuangqing Pilot Mixed additionally eliminated Gao Bing as a fund supervisor, leaving the fund solely within the arms of Zhang Xiao.

Gao Bing’s departure from these funds has raised considerations concerning the efficiency and strategic course of the funds. Zhang Wenlong, a comparatively new fund supervisor with over 6 years of {industry} expertise, has taken over the administration tasks.

Gao Bing’s Past Performance and Controversial Statements

Gao Bing gained fame for his earlier excellent efficiency in fund administration. However, his current struggles in sustaining fund effectivity and worth have led to his resignation. His earlier feedback about “leaving the body” and specializing in shopping for belongings that may generate returns rapidly have confronted criticism and scrutiny out there.

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It is reported that Gao Bing’s present funds, together with Huashang Core Growth One-year Holding Mix, Huashang Excellent Growth One-year Holding Mix, Huashang Intelligent Life Flexible Allocation Mix, and Huashang Emerging Vitality Mix, have all skilled important losses this 12 months.

Poor Performance and Industry Focus

Gao Bing’s concentrate on the pc and pharmaceutical sectors, whereas initially promising, has not translated into optimistic returns for the funds below his administration. The industry-focused technique adopted by Gao Bing has confronted challenges as a result of sluggish efficiency of those sectors within the present market surroundings.

Overall, Gao Bing’s resignation from Huashang Fund has highlighted the challenges and complexities of fund administration within the present financial panorama. The market shall be carefully watching the efficiency of the funds below new administration to evaluate the affect of Gao Bing’s departure.

(Editor: Xu Nannan)

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