# asset management
Latest news and articles about asset management
Total: 2 articles found
How a Star Manager and Strategic Drift Turned a Promising China Fund into a Cautionary Tale
A Huaxia Fund product launched in late 2020 with a tech-and-consumption strategy has underperformed severely, suffering near-50% cumulative losses and a nearly 70% drawdown amid manager turnover and strategy drift. Successive managers failed to restore performance in time to capture the 2024–25 AI-led market recovery, exposing governance and succession weaknesses within the asset manager. The episode highlights systemic risks in China’s mutual fund industry: overreliance on star managers, misalignment between rhetoric and trading, and the reputational danger of poor product governance.
Beijing’s Crackdown Tightens: Regulator Hits Private Fund Ruifengda with Hefty Fines and Lifetime Ban
China’s securities regulator has fined Zhejiang Ruifengda and linked private fund entities a combined RMB 41 million and banned its controller from market participation for life, part of a wider campaign against private fund malpractice. The move, which pairs firm‑level sanctions with personal punishment and potential criminal referrals, signals an intensified regulatory push to clean up the private fund industry and raise the cost of misconduct.