Zhongtai Securities(SH:600918) Zheng Quan Shi Bao Wang·2025-09-03 15:31Core Viewpoint - Xu Zhimin, the Chief Investment Officer of Zhongtai Asset Management, announced his departure after over 10 years, with his responsibilities being transferred to Zhang Hengjia starting September 4 [1][5]. Group 1: Performance and Achievements - Xu Zhimin has consistently outperformed the CSI 300 index over the past decade, with annualized returns exceeding 15%, making him one of the few private equity managers to achieve this [2]. - All products managed by Xu have been profitable, with a direct correlation between the duration of investment and profitability, ensuring that clients who remained invested saw returns [2][3]. Group 2: Investment Philosophy - Xu emphasized the importance of selecting fund managers with a contrarian approach to human behavior, advocating for thorough diligence in choosing investment managers as one would for significant life decisions [3][4]. - He highlighted the distinction between correct decision-making and favorable outcomes, urging investors to focus on making sound decisions rather than solely chasing immediate results [3][4]. Group 3: Transition and Future Management - Zhang Hengjia, who has worked alongside Xu since 2019, will take over the management of the products, ensuring continuity in investment strategy and decision-making [5][6]. - Zhongtai Asset Management has established a strong talent development framework and has achieved notable long-term performance, ranking highly among public fund managers in various time frames [6].