Core Viewpoint - The recent turmoil between Jingqi Investment and its co-founder Fan Siqi has raised questions about the company's internal dynamics and future, following Fan's resignation and subsequent claims of being ousted from the firm [1][8][10]. Group 1: Resignation and Clarification - On June 10, Fan Siqi announced his resignation as the fund manager of Jingqi Investment, stating that most of the funds he managed would enter liquidation by the end of the month due to personal pressures and loss of passion for the industry [1][5]. - Jingqi Investment clarified on June 12 that the liquidation mentioned by Fan only pertained to a small portion of self-managed products and would not affect the overall operations of the company, which continues to function normally [5][6]. Group 2: Shareholder Dynamics - Following the resignation, Fan Siqi accused the other shareholders of orchestrating a "backstab" during a hastily arranged shareholder meeting, which led to his loss of access and communication with employees [8][10]. - Current data shows that Fan Siqi holds approximately 42.73% of Jingqi Investment, making him the largest shareholder, while the other two shareholders, Mao Noping and Tang Jingren, hold about 28.64% each [9]. Group 3: Company Performance and Products - Jingqi Investment currently manages assets between 1 billion to 2 billion yuan, with a total of 112 private equity products registered, of which 49 have been liquidated early and 1 delayed, while 62 are still operational [11]. Group 4: Industry Implications - The public conflict among shareholders could harm the company's reputation, potentially leading to reduced investor confidence and affecting relationships with distribution agencies [12]. - Experts suggest that private equity firms should establish clear ownership structures, responsibilities, and internal controls to prevent similar conflicts in the future [13].

"不是夺权。如果马斯克说，明天开始特斯拉关闭，所有车子烧掉，特斯拉股东会议一样会让他停 止。"靖奇投资一位股东对《华夏时报》记者如是表示。然而，范思奇则对本报记者表示，"他们的谎话 前后不一致而且自相矛盾"。 近日，一纸《十年努力，一朝背刺》的控诉，撕开了量化私募行业光鲜外表下残酷的"权力游戏"。 6月22日，上海靖奇投资管理有限公司（下称"靖奇投资"）创始人范思奇在网络上发布一封长信，控诉 自己在一场"提前9分钟通知的股东会"上被自己创立的公司扫地出门。 范思奇称，股东会单方面罢免了他所有职务，随后封锁了他的系统权限、员工联络通道，甚至切断了他 访问自己编写的核心代码的权限。 "这不是一次体面的交接，而是一场彻底的背刺。"范思奇在信中写道。股东会结束后，靖奇投资官方公 众号发文称"祝范思奇早日恢复健康"，被范视为暗示自己有精神问题。 权力争夺"罗生门" 这场风波始于6月11日。当天，范思奇向投资者发出一封信，宣布将于本月卸任靖奇投资基金经理职 务，其管理的基金产品也将进入清盘流程。 在信中，他解释称，近年市场环境变化带来巨大身心压力，管理公司事务、协调合作关系等消耗了绝大 部分时间，影响生活质量并使他失去行 ...

Core Viewpoint - Huashang Fund emphasizes "deep research" and "integrated investment research" to enhance its investment management capabilities, aiming to provide strong support for investors across market cycles [2][11]. Company Overview - Huashang Fund was established on December 20, 2005, with a registered capital of 100 million RMB and is headquartered in Beijing [2][4]. - The company is approved by the China Securities Regulatory Commission and offers professional financial services, including fund raising, sales, and asset management [2]. Investment Performance - The fund has a notable track record, with its actively managed equity funds ranking in the top ten for absolute returns over the past five years, achieving a return of 82.30% [7]. - Over the past seven years, the absolute return for these funds reached 121.79% [7]. - The actively managed fixed income funds have also performed well, ranking first in absolute returns over both five and seven years, with returns of 46.86% and 60.91% respectively [8][9]. Research and Investment Strategy - The investment research framework at Huashang Fund is designed to ensure deep collaboration and efficiency, allowing for real-time information sharing and rapid strategy optimization [11]. - The company encourages its researchers to become industry experts in their respective fields, ensuring that research directly informs investment decisions [11]. Team Structure - The investment team is structured into various departments, including equity investment, quantitative investment, multi-asset investment, and asset allocation, each focusing on specific investment strategies [12]. Awards and Recognition - Huashang Fund has received multiple accolades, including four "Golden Bull Fund Company" awards and numerous product awards, highlighting its strong performance and reputation in the industry [17][20].

近日，已宣布卸任基金经理的靖奇投资创始人范思奇再次发文称，怀着热情和信念创立了靖 奇，但因一场"精心策划"的股东会被清理出局。 范思奇认为， "这不是一次体面的交接，而是一场彻底的背刺" 。其已全权委托律师团队处理 相关事宜。 近日，范思奇以"十年努力，一朝背刺"为标题再度发文，引发广泛关注。 据财联社报道，在最新发文中，范思奇表示，自己在2014年创立了靖奇，和一众员工一起走 到今天。这家公司的一切系统、策略、流程、投资管理体系，都由他一手搭建。 但近日，一场"精心策划"的提前9分钟通知的股东会，将他"合法"地从自己的公司踢出去。 范 思奇失去了系统权限、失去了和员工的联络通道，甚至失去了自己从零开始写的代码。 范思奇称，这不是一次体面的交接，而是一场彻底的背刺。"他们在没有任何书面讨论的情况 下单方面罢免其全部职务，转身就在公司公众号上发文祝他'早日恢复健康'——暗示他精神有 问题。对外则宣称：'靖奇只是走了一个quant（量化分析师）'。" 对此，范思奇表示愤怒，质疑公司股东团队靠什么运营公司，"一个连交易和T都不懂的股东 团队，如何维持一个量化私募正常运作?" 范思奇表示，曾经的他，出于对多年合作伙伴 ...

早盘提示 Morning session notice | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 | | --- | --- | --- | --- | | | | | 周三在中美伦敦磋商达成框架协议利好鼓舞下，两市主要指数快速上行，收复周三 的跌幅。两市成交额 1.25 万亿元，有所减量。中证 1000 指数收 6186 点，涨 24 点， | | | | | 涨幅 0.40%；中证 500 指数收 5792 点，涨 34 点，涨幅 0.61%；沪深 300 指数收 3894 | | | | | 点，涨 29 点，涨幅 0.75%；上证 50 指数收 2692 点，涨 15 点，涨幅 0.59%。行业 | | | | | 与主题 ETF 中涨幅居前的是稀土 ETF、稀有金属 ETF、游戏 ETF、锂电池 ETF、证券 | | | | | ETF 龙头，跌幅居前的是大数据 ETF、科创医药指数 ETF、创新药 ETF。两市板块指 | | | | | 数中涨幅居前的是稀土永磁、养殖业、能源金属、游戏、商用车指数，跌幅居前的 | | | | | 是可控核聚变、生物制品、通信工程、日用化工、航天 ...

Core Viewpoint - The founder of Jingqi Investment, Fan Siqi, announced his resignation as fund manager, leading to the liquidation of the funds he managed, which is expected to be completed by the end of the month. He cited rapid market changes and personal stress as reasons for his departure, while indicating that the current stock market presents better opportunities than holding cash [2][3]. Company Overview - Jingqi Investment was established on March 9, 2015, and completed its registration in August of the same year. The company currently has 17 full-time employees and manages assets between 1 billion to 2 billion yuan [3]. - Fan Siqi is the largest shareholder of the company, with co-founder Tang Jing serving as the compliance and risk control head. The company's name is derived from the founders' names [3]. Fund Performance - As of the end of May, Jingqi Investment has three disclosed products, all employing quantitative stock selection strategies. The products are Jingqi Jicheng No. 5 B class, Jingqi Liao Dong No. 2 B class, and Jingqi Ruike No. 5, with excess returns over the past six months reported as ***%, ***%, and ***% respectively [3][4]. - The average return of the company's products over the past year is ***%, ranking fourth among firms managing between 1 billion to 2 billion yuan [3][8]. Future Plans - The funds undergoing liquidation primarily consist of self-managed products by Fan Siqi, which represent a small portion of the company's total management scale. The company plans to handle the liquidation process appropriately and has recently expanded its product line by hiring several new portfolio managers [2][3]. - Future adjustments to the company's equity structure may occur to increase the equity stakes of other partners and enhance team incentives [2].

Core Viewpoint - The resignation of Fan Siqi as the fund manager of Jingqi Investment is attributed to the rapidly changing market environment and the pressures associated with managing company affairs, leading to a loss of passion for the industry [1][2]. Group 1: Company Background - Jingqi Investment was founded in March 2015 by Fan Siqi and his university classmate Tang Jingren, with Fan focusing on strategy and Tang on resources and channels [2][4]. - The company transitioned from proprietary trading to asset management in 2019, achieving nearly 30 times compound returns over six years during its proprietary trading phase, equating to an annualized return of approximately 85% [2][4]. Group 2: Management and Structure - As of the latest update, Jingqi Investment has 17 full-time employees and manages assets in the range of 1 billion to 2 billion RMB [4][5]. - Fan Siqi holds a 36.36% stake in the company, making him the largest shareholder, while Tang Jingren and Mao Noping each hold 27.27% [5][7]. Group 3: Future Plans - The company has arranged a proper liquidation plan for the funds managed by Fan Siqi, with most products expected to complete the liquidation process by the end of the month [1][2]. - Future adjustments to the company's equity structure may occur to increase the stake of other partners [6].

Group 1 - Over 90% of billion-level private equity funds have achieved positive returns this year, with an average return exceeding 7% as of May 31 [1] - Quantitative private equity funds have shown exceptional performance, with a 100% positive return rate [1] - The average return for 50 billion-level private equity funds in May was 2.73%, with 96% of these funds achieving positive returns [1] Group 2 - The issuance of asset-backed securities (ABS) by insurance asset management companies has exceeded 150 billion yuan, marking a year-on-year growth of over 40% [2] - The ABS covers various asset types, including consumer finance, microloans, and supply chain assets, aligning with the long-term investment needs of insurance funds [2] - The growth of this business is expected to accelerate, providing funding support for real economy development [2] Group 3 - Over 40 trillion yuan of interbank certificates of deposit are set to mature in June, putting pressure on banks' liabilities [3] - Despite short-term disturbances, the liquidity situation remains controllable, with the central bank's actions stabilizing market expectations [3] - The overall liquidity is expected to maintain a "stable yet disturbed" trend [3] Group 4 - The issuance of special bonds for land reserves has surpassed 100 billion yuan this year, reaching 108.35 billion yuan [3] - This increase in bond issuance is aimed at stabilizing the real estate market and optimizing land resource allocation [3] Group 5 - The price of glyphosate has been rising, with the average market price reaching 23,700 yuan per ton, a 2.6% increase from early May [4] - The industry gross profit margin has improved significantly, indicating a positive outlook for leading companies in the glyphosate sector [4] - The demand for glyphosate is expected to grow due to seasonal exports and increasing planting areas of genetically modified crops [4] Group 6 - XPeng Motors' CEO expressed that competition in the automotive industry will become increasingly fierce over the next five years, emphasizing the need for significant R&D investment [4] - The company plans to allocate approximately 4.5 billion yuan for AI-related R&D this year, with total R&D expenses nearing 10 billion yuan [4] - XPeng aims for profitability in the fourth quarter despite high R&D costs, indicating confidence in its financial performance [4] Group 7 - Jinzhongzi Wine has removed "liquor" from its business scope, leading to speculation about a potential diversification into other alcoholic beverages [7] - The company clarified that this change is merely a standardization of expression and does not indicate a shift in its business focus [7] Group 8 - Kingsoft Cloud announced the departure of its CFO, with plans to appoint a new CFO to ensure a smooth transition in financial management [8] - This change may be related to the company's strategic adjustments, although specific reasons have not been disclosed [8] Group 9 - Jia Bi You is undergoing a high-premium acquisition of Ou Yi Biological, with the transaction plan being modified twice, raising concerns about goodwill impairment [9] - The company has issued multiple announcements regarding the acquisition, indicating ongoing scrutiny from regulatory bodies [9]

Core Viewpoint - The founder of Jingqi Investment, Fan Siqi, announced the liquidation of his managed funds due to personal pressures and a loss of passion for the industry, with plans to continue trading independently in the future [1][2]. Company Overview - Jingqi Investment was founded in March 2015 by Fan Siqi and his university classmate Tang Jingren, with Fan focusing on strategy and Tang on resources and channels [2][3]. - The company transitioned from proprietary trading to asset management in 2019, achieving nearly 30 times compound returns over six years during its proprietary phase, equating to an annualized return of approximately 85% [2]. Management Changes - Fan Siqi will step down as the fund manager, and the liquidation process for most of the funds is expected to be completed by the end of the month [1][2]. - The company plans to adjust its equity structure to increase the shareholding of other partners [5]. Company Structure and Performance - Jingqi Investment has 17 full-time employees and manages assets in the range of 1 billion to 2 billion RMB [3][4]. - The registered capital of the company is 11 million RMB, with a paid-in capital of 10 million RMB, indicating a paid-in ratio of 90.909% [4]. Shareholding Information - Fan Siqi holds a 36.36% stake, making him the largest shareholder, while Tang Jingren and Mao Noping each hold 27.27% [4][6].

热点聚焦 107家私募狂买ETF，招商利安新兴亚洲精选ETF份额暴增！ 私募排排网数据显示，截至6月8日，今年来已有107家私募旗下产品现身年内上市的252只ETF前十大持有人，总持有份额 达18.61亿份。 年内买上市ETF数量在10只以上的私募分别是：铸锋资产(21只)、景弘基金(16只)、众壹资产(14只)、上海秉昊私募(10只)、 思勰投资(10只)。 数据显示，在所有年内上市的ETF中，私募持有份额超3000万份的ETF有24只，合计10.66亿份。其中，"招商利安新兴亚洲 精选ETF（QDII）"的持有份额位居第1，达8653.23亿份，占场内总份额比例的8.66%。另外，"大成中证全指自由现金流 ETF"被恒泰融安、上海秉昊私募、上海鹤禧私募、科瑞菲亚4家私募持有，合计持有份额为6800.29万份，占场内总份额比 例的6.26%，位居第2。 明显的泡沫？新消费分歧：百亿私募喊话泡沫明显，公募持续布局，该信谁？ 尽管新消费板块带来了亮眼的收益，但股价接连新高下，市场分歧也来了。"港股三朵金花"两涨一跌：泡泡玛特今天的股 价从新高走向新高；同样是股价飙升的蜜雪冰城新进港股通标的；老铺黄金则失守900 ...