seagamescountries| Tang Lei, the former ten-billion fund manager, stepped down from office for two products in succession. What happened?

Source: world wide Web

[global Financial Comprehensive report] in the context of business adjustment, Tang Lei stepped down as a pioneer fund manager of Oriental Alpha Industry on April 30, 2024 and once again achieved a "slimming down" in his career. This is alreadySeagamescountriesHe left his second product management position in the Oriental Alpha Fund.

Looking back on Tang Lei's tenure, the performance of the pioneers of the oriental alpha industry was not entirely satisfactory. According to Wind, the fund's return for the year was only-3 as of April 30 this year.Seagamescountries.41%, ranking in the bottom 1 of the same kind of products. In the past two years, the performance of the fund has also been bleak, with returns of-21 in 2022 and 2023 respectively.Seagamescountries.63% and-28.45%, both of which are well below the performance benchmark.

It is worth noting that as early as November 1, 2023, Tang Lei had disappeared from the one-year list of fund managers held by Oriental Alpha Hinko, another product. During his tenure at the product, the return was also unsatisfactory, at-25.61%.

Subsequently, Yin Zhibin took over the management of the two funds. Although he has worked as a fund manager for less than one year, Oriental Alpha Xingke has been under his management for one year, and the rate of return so far this year has reached 24.58% as of May 8, ranking the 10th / 4170 in the same category, showing good management results.

For Tang Lei, the Oriental Alpha advantage industry has become the only product he currently manages, but its performance is also facing challenges. According to Wind data, as of May 14, the An and C shares of the fund had returns of-11.43 per cent and-11.59 per cent respectively this year, not only failing to meet the performance benchmark, but also showing large negative returns. In the past two years, the performance of the fund has also failed to meet the benchmark.

Observe the past investment strategies of oriental alpha superior industriesSeagamescountriesWe can find that the layout of the fund in the field of new energy is more significant. However, the market performance of the new energy sector in recent years has not been stable, which may also be one of the reasons for the poor performance of the fund.

It is worth mentioning that although Tang Lei accurately predicted investment opportunities in the new energy sector in 2021 and achieved good results that year, his investment in new energy and related areas did not seem to continue to achieve the desired results in subsequent years. In addition, he also showed some caution in investing in emerging industries such as artificial intelligence, missing some market opportunities.