Two years after the establishment of Ruida fund, the change of senior executives reappeared chaos?

Ruida fund, which had frequent executive changes in 2021, now has another executive change.

On April 8, 2022, Ruida Fund announced that Li Yong, the chairman of the company, acted as the general manager of the company, and Xia Meng, the former general manager, left for personal reasons. It is worth mentioning that Xia Meng continued to act as the inspector general of the company after leaving.

Judging from the change of executives since the establishment of Ruida fund two years ago, it seems to show a kind of chaos?

Ruida fund reappears the change of senior management

On April 8, Ruida Fund announced that Xia Meng, the former general manager of the company, left his post on March 30 for personal reasons, and Li Yong, the chairman of the company, acted as the general manager of the company.

According to the observation of the reporter of the daily economic news, it is interesting that the signing time of the above announcement is April 8, 2021.

Statistics show that Xia Meng once served as the executive deputy general manager of Ruida fund. On December 30, 2020, Xu Jianjun, the former general manager of Ruida fund, left his post for personal reasons. Xia Meng began to serve as the general manager of Ruida fund for less than a year and a half.

Since the change at the end of 2020, the senior management of Ruida fund has changed more frequently after entering 2021. In July 2021, the former inspector general Zhang Enyuan left his post for personal reasons, and Yang Kai became the new inspector general. However, in less than four months, in October 2021, Yang Kai also left his post for personal reasons.

In October 2021, Liu Shipeng, the former chairman of Ruida fund, left his post due to physical reasons, and Li Yong became the new chairman.

The reporter of "daily economic news" found that after Xia Meng left as general manager this time, he continued to act as inspector general of Ruida fund.

Public information shows that Ruida fund was established in March 2020, only two years ago. However, from the perspective of senior management changes, the general manager, chief inspector and chairman have changed all over.

2021 net profit of -9.87 million

As a wholly-owned subsidiary of Ruida Futures Co.Ltd(002961) , Ruida Futures Co.Ltd(002961) 2021 annual report shows that as of December 31, 2021, Ruida fund managed two hybrid funds, with a scale of only 290 million yuan. According to the revenue data, in 2021, Ruida fund realized an operating revenue of about 5.54 million yuan and a net profit of -9.87 million yuan, which can be described as exceeding its income.

In terms of the future development of Ruida fund, Ruida Futures Co.Ltd(002961) in the 2021 annual report, it is stated as follows: "In the future, Ruida fund will take the following measures to further develop and expand: first, increase the registered capital at the right time; second, strengthen the training and introduction of professionals to attract senior people in different fields; third, carry out differentiated competition while following the layout of products at the market outlet to build and enrich the investment research and trading team; fourth, strive to develop, develop and issue commodity futures ETFs within two years."

Although it can be seen that Ruida Futures Co.Ltd(002961) still attaches great importance to Ruida fund, judging from the frequent changes of executives in the past two years, there is still a long way to go to achieve differentiated competition and grow.

In addition, Li Yong, who acted as the general manager this time, actually just served as the chairman of Ruida fund in October last year. He had a strange experience in Hony faraway fund before. Li Hongyi, the former general manager of Yuanyuan fund, will not be appointed as the general manager of Yuanyuan fund in 2020, and Li Hongyi will not be appointed as the general manager of Yuanyuan fund for 2 months. In addition, Hony Fareast fund sent a notice of the 11th meeting of the first board of directors through e-mail. The proposals are "removing Li Yong from the post of general manager (and acting inspector general)" and "appointing the general manager of the company (and acting inspector general)". However, Li Yong believed that the convening procedures of the board meeting and the voting contents of the proposal violated the articles of association, and not only reported to the regulatory authorities in their real names, but also filed a lawsuit in the court.

It is worth noting that the court of second instance rejected Li Yong's appeal. After leaving Hony faraway fund, Li Yong now comes to Ruida fund. He not only serves as the chairman, but also acts as the general manager. It remains to be seen whether he can lead the development and growth of Ruida fund in a new company and position.

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