Zhongtai Securities(SH:600918) 证券时报·2025-09-04 00:11Core Viewpoint - Xu Zhimin, the Chief Investment Officer of Zhongtai Asset Management, announced his departure after over 10 years, expressing gratitude for the trust and support received during his tenure [1][3]. Group 1: Performance and Achievements - Xu Zhimin's managed products have consistently outperformed the CSI 300 index, achieving an annualized return exceeding 15% over the past decade [3]. - 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 [3]. Group 2: Transition and Succession - Starting from September 4, 2023, all products managed by Xu will be taken over by Zhang Hengjia, who has been involved in the investment decision-making process since 2019 [2][7][8]. - Zhang Hengjia holds a master's degree in finance from Johns Hopkins University and has 10 years of experience in the securities industry [8]. Group 3: Investment Philosophy - Xu emphasized the importance of diligent selection of fund managers, urging investors to treat their investments with the same seriousness as significant life decisions [5]. - He highlighted the distinction between correct decision-making and favorable outcomes, advocating for a focus on sound investment decisions rather than immediate results [5]. - Xu advised investors to pay attention to managers who may go against prevailing market sentiments, suggesting that such managers can provide valuable insights during adverse market conditions [5].