又一公募基金经理因涉"老鼠仓"被罚。 上海证监局最新公告称，针对杨某嘉利用未公开信息明示、暗示他人从事相关交易活动一案，现已调查、办理终 结，当事人未提出陈述、申辩意见，也未要求听证。最终，该局决定对杨某嘉责令改正，并处以50万元罚款。 处罚决定书指出，杨某嘉先后担任某基金管理有限公司股票分析师、高级股票分析师、基金经理助理、基金经 理。从罚单披露的各项细节来看，此次被罚主体指向海富通基金前基金经理杨宁嘉。 公开资料显示，2017年5月，杨宁嘉加入海富通基金，历任股票分析师、高级股票分析师、基金经理助理。自 2019年9月起，开始参管产品。此前，杨宁嘉历任海通国际首席分析师助理、光大证券行业研究员。 去年10月，因个人原因，杨宁嘉完成清仓式卸任，不再担任海富通基金经理。在任期间，杨宁嘉旗下2产品亏损 显著。 绩差基金经理现身"老鼠仓" 经上海证监局查明，杨某嘉，199X年X月出生。担任基金经理期间，杨某嘉利用因职务便利获取的未公开信息， 明示、暗示陈某东从事相关交易活动。陈某东实际控制"陈某东"证券账户进行交易。上述期间，"陈某东"证券账户与 前述基金发生趋同交易。 从海富通离任前，杨宁嘉已因在管产品业绩问题 ...

以下文章来源于创业板观察 ，作者封其娟 创业板观察 . 创业板观察致力于发布深交所创业板的市场发展、政策变化、监管导向、上市企业动态等的及时信息，提供有价值的市场资讯。 又一公募基金经理因涉"老鼠仓"被罚。 上海证监局最新公告称，针对杨某嘉利用未公开信息明示、暗示他人从事相关交易活动一案，现已调查、办理终结，当事人未提出陈述、申 辩意见，也未要求听证。最终，该局决定对杨某嘉责令改正，并处以50万元罚款。 处罚决定书指出，杨某嘉先后担任某基金管理有限公司股票分析师、高级股票分析师、基金经理助理、基金经理。从罚单披露的各项细节来 看，此次被罚主体指向海富通基金前基金经理杨宁嘉。 公开资料显示，2017年5月，杨宁嘉加入海富通基金，历任股票分析师、高级股票分析师、基金经理助理。自2019年9月起，开始参管产 品。此前，杨宁嘉历任海通国际首席分析师助理、光大证券行业研究员。 去年10月，因个人原因，杨宁嘉完成清仓式卸任，不再担任海富通基金经理。在任期间，杨宁嘉旗下2产品亏损显著。 自杨宁嘉参管以来，海富通电子信息传媒产业便开始重仓新能源，并逐步加大重仓比例。截至2022年年末，该产品十大重仓股中一半是新 能源个股。 ...

Core Viewpoint - The recent personnel changes at Guotai Haitong Securities, following its merger, indicate a strategic shift in leadership aimed at enhancing the integration of its fund management subsidiaries, particularly Huashan Fund and Haifutong Fund, which have differing asset scales and management qualifications [2][6][12]. Group 1: Leadership Changes - Guotai Haitong Securities has appointed Xie Lebin, the former vice president, as the new chairman of Haifutong Fund, succeeding Lu Ying, who has transitioned to the role of head of the research institute [2][5]. - Lu Ying has a notable background, having served over 20 years at Haitong Securities and has been recognized as a top analyst in the retail and wholesale trade sector [3][5]. - The leadership restructuring is seen as a move to better align the interests of the merged entities, with a focus on integrating operations and addressing regulatory compliance [6][15]. Group 2: Fund Management Landscape - Following the merger, Guotai Haitong Securities controls two public fund companies, Huashan Fund and Haifutong Fund, with Huashan Fund's assets exceeding 700 billion yuan, significantly larger than Haifutong Fund's 171.6 billion yuan [2][9][10]. - Haifutong Fund holds valuable management qualifications for social security funds, enterprise annuities, and pension funds, which are not possessed by Huashan Fund, indicating a potential competitive advantage [10][12]. - The market speculates on the possibility of merging the two funds, with discussions around whether Huashan Fund will absorb Haifutong Fund or if the latter will emerge as the dominant entity due to its specialized qualifications [12][14]. Group 3: Financial Performance and Challenges - Haifutong Fund has experienced a 4.22% year-on-year growth in asset value, but its overall ranking has declined, indicating challenges in maintaining competitive performance [15][16]. - The fund's product structure shows a heavy reliance on bond and money market funds, with a significant decline in mixed fund performance, raising concerns about its ability to compete in the equity market [16][20]. - Despite recent growth in its ETF offerings, Haifutong Fund faces pressure to improve overall performance and profitability, particularly in light of declining revenues and profits over the past few years [20][22].