Since China's first sunshine private fund (a private fund investing in the secondary securities market) was established in 2003, the private-fund industry has grown explosively. By the end of 2016, total private-fund AUM exceeded ¥10 trillion — surpassing public funds for the first time. As the most active vehicle in the era of "Big Asset Management," what opportunities and challenges does the future hold for sunshine private funds, and what are their talent needs? On April 10 at MIT Sloan, we invite Yaozhi Fund — a leading sunshine private fund — to discuss the current state and future of China's sunshine private-fund industry.
Yaozhi Fund will introduce open positions after the talk and accept resumes on-site (positions for both students and working professionals). Job details will be published on the BCIC platform afterward — interested members, stay tuned!
Location: MIT E51-345 (entrance: 2 Amherst Street, Cambridge, MA)
Time: 2017/4/10 (Monday) 7:30 – 9:30 PM
Language: Chinese
Registration: https://docs.google.com/forms/d/e/1FAIpQLSdHwO5Vm-Zoa3wYwvcm4ztv_Sx36p08Q8JRpVCK51jLIC2rKw/viewform?usp=sf_link
About Yaozhi Asset Management Center (Shanghai)
Founded in July 2011, Yaozhi is one of China's earliest professional private asset management firms specializing in fixed-income markets. It is a member of both the Asset Management Association of China (AMAC) and the Securities Association of China.
In March 2014, Yaozhi was among the first 50 institutions to complete AMAC private-fund manager registration — and the only firm dedicated to fixed-income research and investment among them. Yaozhi has since become a leader in the field.
Yaozhi's investment scope now spans bond markets, interest-rate derivatives, and equity-quant strategies, with performance outperforming peers in each strategy. In 2015, Yaozhi established a Hong Kong subsidiary that received the SFC Type 9 license (asset management) the same year, and the Type 4 license (securities advisory) the following year.
To date, Yaozhi's cumulative AUM exceeds ¥24 billion — among the earliest private funds in China to surpass ¥10 billion AUM, and a constituent of China's "¥10B+ Private Fund Index." Yaozhi has established long-term partnerships with over 90% of joint-stock banks and most leading securities, trust, futures, and fund companies.
Wang Xiaojian — General Manager, Yaozhi Fund
Founded Yaozhi in 2011. Master's in Economics from Renmin University of China; 15+ years of fixed-income research and investment experience; Reuters columnist. Previously held positions as Investment Manager at Taiping Life Insurance, Investment Manager at Taiping Asset Management, and Portfolio Manager at UBS Wealth Management and UBS Global Asset Management. Designed and managed UBS Wealth Management's first independent product in China.
Ma Jialun — Deputy GM, Yaozhi Fund
B.A. in Economics from Central University of Finance and Economics; MBA from Bournemouth University, UK. 15+ years of investment banking and wealth management experience. Previously Senior Manager (M&A), Innovation Business GM, and Brokerage Director Assistant at Beijing Securities; Associate Director at UBS Wealth Management; Branch Manager at the Guangzhou office.
Li Chaoyi — Quantitative Fund Manager, Yaozhi Fund
B.S. in Electronic Engineering, minor in Economics, Tsinghua University; M.S. in Information Systems and Management, Carnegie Mellon University. CFA charterholder; 7+ years of quantitative-investment experience. Previously a quant analyst and portfolio manager at Goldman Sachs and Wellington Management, managing equity quantitative-strategy portfolios totaling over $1 billion.
Zhang Lili — Marketing Director, Yaozhi Fund