黄瑞庆离职因家庭原因，投资总监职位交由研究总监陈欣兼任 HuangRuiQing leaving for family reasons，Chief investment officer position to research director t. concurrently

　　理财周报见习记者 李沪生/文

Finance LiHuSheng/the apprentice weekly newspaper reporters

　　7月30日，成立仅一年多的财通基金发布公告，公司副总经理兼投资总监黄瑞庆因个人原因卸任在财通所担任的职务。公告显示，黄瑞庆已于7月26日正式离任。

July 30,，Founded just a year of money the fund by way of a public announcement，The vice general manager and chief investment officer HuangRuiQing due to personal reason in the outgoing money for which position。announcement，HuangRuiQing already on 26 July departure formally。

　　理财周报记者从相关数据中发现，财通旗下两只基金表现尚可，作为一家成立刚过一年的次新基金公司，财通这一年来的发展速度让人惊讶，今年年中仅以3.08亿元的规模排名倒数第二，如今却达到了近40亿元的规模，甚至超过了一些老牌基金公司。

Financial data from the weekly newspaper reporters found，Through its two wealth fund performance is fair，As a company just a second new fund company，This year the money the development speed of the surprise，Only 308 million yuan this year ranked second from bottom of the scale，Now it reached nearly 4 billion yuan of scale，Even more than the some old fund company。

　　这仅仅缘于一只基金的发行，一只首募规模达到36亿元的债基。

This just because the issue of a fund，A first offering scale of the debt and reached 3.6 billion yuan。

　　离职原因或为家庭因素， Leaving reason or for family factors，

　　业绩表现尚可 Performance fair

　　作为一家中国公募基金行业的“60后”公司，财通基金的起步比较晚，从2011年5月成立至今仅一年零两个月。

As a Chinese public enlisting fund industry“After 60”The company，The wealth of the fund started later，From May 2011 since its establishment only one year zero 2 months。

　　走进财通基金公司，空气中还存留未散去的新家具味道。记者注意到，投研团队所在的区域占据了整层楼一半位置，剩下一半则囊括了高管、客户、后台等。每个人的脚步都是匆匆而过，“相比起其他公司，我们做事比较急”。

The fund company into wealth，The air is not cleared new furniture kept flavor。Reporters noticed that，Cast research team area occupied the whole floor half position，Leave half blended the executives、customers、Backstage, etc。Each man's steps are in a hurry but，“More than any other company，We do things more urgent”。

　　对于黄瑞庆的离职，财通方面并未回避，称由于家庭因素回到了北京。

For HuangRuiQing departure，The respect did not avoid wealth，Says that the family factors returned to Beijing。

　　财通近日也已将投资总监重任交由公司总经理助理兼研究总监陈欣，同时表示，黄瑞庆离职同时，公司未有其他管理人员或员工变动情况。

The money also have recently chief investment officer responsibility by the company general manager assistant and research t. director，Also said，HuangRuiQing left at the same time，The company no other management personnel or staff changes。

　　资料显示，黄瑞庆管理的财通价值基金今年以来已经累计分红三次，累计每10份0.6元。截至7月31日，财通价值动量最新单位净值为0.9538元，而上半年该基金净值增长率为4.33%，业绩基准增长率为3.92%，跑赢业绩比较基准0.41%。

Data shows，HuangRuiQing management through the wealth of value fund since this year has accumulative total share out bonus three times，Every 10 a total of 0.6 yuan。By July 31,，The latest wealth value momentum unit net value is 0.9538 yuan，In the first half and the fund net value increase of 4.33%，Performance benchmark growth rate of 3.92%，Run win performance benchmarks for the comparison of 0.41%。

　　作为公司的首只产品，财通价值动量是由黄瑞庆与吴松凯共同担任基金经理，吴松凯为公司基金投资部副总监，两人共同主导了该基金从产品设计到投资运作的全过程。黄瑞庆离职后，该基金将由吴松凯一人独自负责。

As the company's first only products，The value of money by HuangRuiQing momentum is with WuSongKai common as fund managers，WuSongKai deputy director for the company fund investment，Two people together leading the fund from product design to the whole process of the investment operation。HuangRuiQing after leaving，This fund will be by WuSongKai alone is responsible。

　

　财通支出巨额成本， The massive cost spending money，

　　希望3年内达到盈亏平衡 Hope 3 years to balance the profit and loss

　　曾有一位基金行业人士表示，现在次新公司更多的不是考虑如何扩张，而是“活下去”。这句话也概括了基金行业的现状，大公司发基金冲规模，小基金“喝汤”仅够温饱，甚至每年都在不断亏钱。

Had a fund industry members said，Now time the new company more not to think about how to expansion，but“live”。This sentence is also summarized the present situation of the fund industry，Big companies send funds blunt scale，Small funds“Drink soup”Only enough food and clothing，Even in constantly losing money every year。

　　作为一家次新基金公司，财通基金面临的生存压力可谓不小。虽然此前股东方将注册资本由1亿元增加至2亿元，却依然难掩基金行业的窘境。通过其股东年报发现，财通2011年只实现营业收入292.38万元，一年赔了6300多万元。

As a new fund company again，The fund money facing the survival pressure is not small。Despite previously shareholders will be registered capital 100 million yuan by increased to 200 million yuan，But still difficult to mask the plight of the fund industry。Through its shareholders annual report found，The 2011 only realize wealth business income is 2.9238 million yuan，In a lost more than 6300 yuan。

　　不过查阅资料发现，财通旗下第一只基金是在2011年12月成立，这里的“一年”也仅仅一个月而已。业内人士表示，次新基金公司成立初始面临的各项成本无疑是巨大的，一开始的亏损也在情理之中。财通也表示，预计3年内达到盈亏平衡。

But that data access，The first wealth is a flag in the fund was established in December 2011，here“A year”Also just a month just。People in the industry say，The new fund company set up once the initial facing us it would be a huge cost，The beginning of the losses in reason。Wealth also said the，3 years is expected to reach break-even。

　　财通基金在今年年中排名位列倒数第二，规模仅为3.08亿元。而公司第2只产品财通多策略债基于7月11日结束募集，首募规模达到36亿元，作为一家次新公司且无银行股东背景，这一首募规模能够超越今年已募集结束的37只债基的平均规模15亿元，实属不易。公司规模也一举突破了40亿元，在次新基金公司中位于首位，甚至超过了一些老牌基金公司。

The fund this year in wealth among the ranking in the second，Size is 308 million yuan only。And the company products through a second wealth more debt strategy based on July 11 th collect，The first offering scale to 3.6 billion yuan，As a new company and have no time bank shareholders background，This one scale can transcend this year from the end of the raised only debt of the 37 average size 1.5 billion yuan，Is not easy。Companies are also every broke through 4 billion yuan，In times of new fund company located in the first place，Even more than the some old fund company。

　　然而巨大首募规模之后要面临的就是赎回问题，财通旗下首只基金财通价值动量首募规模达到10.58亿元，而二季度报的数据显示，如今仅剩下3.08亿元，缩水70.89%。财通方面解释，规模赎回主要发生在基金净值达到1.06元和1.09元两次，“客户赚到了钱就赎回这也没什么不对”。

However great the first offering with the scale is redemption after，The first wealth, only the first value fund money collected momentum scale to 1.058 billion yuan，And the second quarter report data show，Now there are 308 million yuan，Shrink 70.89%。The explanation in wealth，Scale redemptive mainly in fund net value to 1.06 yuan and 1.09 yuan twice，“Customer earned money is redemptive and there's nothing wrong”。

　　而对于第二只基金，财通方面看上去丝毫没有担忧，“正是因为我们第一只产品的业绩好，第二只产品才会得到如此热捧，今年债基的市场很好，我们不认为会有什么困难。”

And for the second fund，The money seems no worries，“It is for us the first product performance only，The second one product will get so hot models，This year, the market is very good debt，We don't think there is any difficulty。”

　　财通紧抓专户业务， The tight grasp wealth only door business，

　　即将发行商品期货专户产品 Going to release commodity futures only door products

　　与公募产品相比，财通将更大的力度放在了专户产品上。

Compared with the public offering products，The money will be more efforts on the only door products。

　　“可能一只10亿元规模的专户产品与一只100亿元规模的公募产品对于公司的收益来说是相差不多的。”财通基金督察长黄惠表示。“次新公司具有的后发优势是，不受思维定式和发展路径依赖的束缚。”

“May a 1 billion yuan of scale only door products and a $10 billion public offering for the size of the products of the company it is similar in earnings。”The inspector long HuangHui wealth fund said。“Time has advantages of the new company is，Don't be thinking formulary and development path dependence bondage。”

　　财通早在2009年申请公司的商业计划书中就已经确定了未来的“公募+专户”战略，将专户业务作为公司的突破口。

The money as early as 2009 the company's business plan for had established in the future“Public offering + only door”strategy，Will only door as the company's business breakthrough。

　　不过由于2007年公布的《特点客户资产管理业务试点办法》中要求基金公司具有2亿净资产和200亿管理规模才能申请专户资格，财通也无能为力。

But because of the published in 2007《Features the customer asset management business pilot measures》The requirement in the fund company with 200 million net assets and 20 billion management scale to apply for only door qualification，The money can do nothing。

　　幸运的是，在财通成立3个多月后，2011年10月，赶上了新试点办法的施行，财通在12月第一批获得专户资格，并迅速在今年春节过后发行了首只产品。

fortunately，The money was established in more than three months，October 2011，To catch up with the new pilot of the measures for the implementation，The money on December first get only door qualification，In this year, after the Spring Festival and quickly issued the first only products。

　　对此，黄惠直言，“我们真的是太幸运了。”

this，HuangHui the truth，“We really is so lucky。”

　　目前，财通旗下已经有4只专户产品，规模逾1.5亿元。

At present，Through its wealth has already had 4 only only door products，Scale more than $150 million。

　　“今年全年，我们计划发行专户产品19只，规模10亿，下半年会继续发行15只左右的专户产品。”财通基金表示。

“The whole year，We plan to release only door products only 19，Scale 1 billion，The second half will continue to issue about 15 only only door products。”The fund said wealth。

　　记者了解到，实际上财通并不满足于普通投资标的的专户产品，当商品期货投资被放开后，财通与同样由财通证券持股的永安期货形成了策略合作伙伴，开展商品期货投资。这是公司接下来准备发的第5只专户产品。

The reporter understands，In fact the wealth are not satisfied with the common investment mark only door products，When commodity futures investment was open，Wealth and riches the by the same securities holdings yongan futures form strategic partnerships，Develop commodity futures investment。It is the company to the next 5 of the hair only only door products。

　　除了商品期货投资，新四板和企业私募债也成为了财通接下来的方向。

In addition to commodity futures investment，New four board and enterprise SiMuZhai has become the general direction of the wealth。

　　黄惠表示，“财通目前的发展得益于战略前瞻加上一定的幸运，每次在碰到瓶颈时都会适当地遇到新政策出台。”

HuangHui said，“The current development benefits from wealth strategic vision plus some lucky，Every time when the bottleneck in encounter will properly meet new policies。”

　　那么，幸运，是否会持续？今年的年报或将有所展示。

so，lucky，Would continue？This year's annual report or to display。