Since the beginning of 2024, the A-share market has continued to fluctuate and adjust, and in such a market environment, the overall performance of private equity funds will undoubtedly be affected to a certain extent. However, in addition to performance, the daily investment routine, career planning, and work experience of financial personnel have also become the focus of attention of many investors.
According to the latest statistics of the private placement network, as of the beginning of July 2024, the number of domestic top private placements (with a management scale of more than 5 billion) has reached 183, and the number of full-time employees registered in the head private placement is 6,670, of which 6 have more than 100 employees in 10 billion private placements.
To this end, the private placement network specially planned a series of special articles #Glittering Financier#, and invited a number of head private equity staff to share their work experience as a financier in the head private equity from the perspective of employees, so as to give investors a first-hand perspective to understand the private equity industry, and also give some suggestions and references to students who want to enter the financial industry, and give warmth and guidance to those who are struggling.
In this issue, let's walk into the 10 billion private equity of Oribo - to listen to the investment growth of two ten-year-old employees!
In the ranking of the Double Ten Fund Manager List in June, Wu Weizhi, chairman and chief investment officer of CEIBS, is the only fund manager with an annualized return of more than 10 billion yuan in the past five years and the past ten years, and the only fund manager who has been on the list of the top 10 in the past ten years and the past five years at the same time.
Click ↑↑ card to view the latest product income, roadshow and other information on Wu Weizhi's homepageWu Weizhi has invested a lot of resources and energy in cultivating the investment research team and fund manager team of CEIB. From the recruitment of interns, to the talent training and career growth path after entry, after years of precipitation, a mature mechanism has been formed. Through the "Ruibo Investment Academy" to cultivate investment talents, it has a certain reputation and brand in the industry.
On the occasion of graduation season, we interviewed two colleagues who joined the company after graduation and are currently fund managers at CEIBS, to share their experiences in private equity careers, intern recruitment, and mentoring for new employees.
In the space of 10 years, they have grown from researchers to co-investment directors, partners and fund managers of the firm. They say that making an investment is very painful and that interest is the best teacher. They also said that the ability to learn is very important, and to make investments, you need to live and learn until you are old.
Liu Fei, Co-Investment Director, Director of Cycle Department, Partner and Fund Manager of CEIBS
Q: Mr. Liu, you were recruited by the school to enter CEIBS, why did you choose a private equity company as your first stop in the workplace?
Liu Fei: My graduate major is finance, securities and futures investment, and the investment industry is a professional counterpart. Why did you choose the private equity industry at that time? Because it's challenging, and the incentives are relatively good.
I came to Ribo for my first internship, and I remember that the working atmosphere was very relaxed and pleasant, and I personally recognized the overall investment philosophy. So I have been working with Ribo for nearly 10 years from my internship in 2014 to now, which is equivalent to growing up with Ribo.
Early investment in research roadshows
Q: How did you manage to grow from a researcher to a co-investment director and partner in the past 10 years?
Liu Fei: In the course of the past ten years, I think there are two main points that are more important. First, be yourself. In the first five years of my career, I spent polishing my business skills and doing my research and investment well. Second, lead a good team. It is necessary to be able to lead the team to do a good job in research, do a good job in investment, and allow team members to give full play to their own strengths and complement each other's competence circles.
After becoming a partner of the company, I will have a very strong sense of honor, after all, only a small number of people can become partners, which is an affirmation of my past work. More importantly, I also have a very strong sense of responsibility, because being a partner means that I have changed from a worker to the owner of the enterprise, and I will have very high requirements for myself, not only to do my job well, but also to help my colleagues do things well and create greater value for the company.
Ribo Investment Academy is open for discussion
Q: As the chief interviewer of CEIBS, what are the main evaluation criteria when selecting summer interns and school recruits?
Liu Fei: We like students with very strong learning ability, and we can intuitively see the learning ability from the resumes of each student and his performance during school.
We hope to meet students who take investment as their first career goal, investment is a very painful thing, and interest is the best teacher.
In addition, compared to students who can quickly grasp the key issues, the information in the investment process is very complicated, and talents who can quickly see the essence of the problem and solve the problem are very scarce.
Hao Lai, Co-Investment Director, Director of Pharmaceutical Department, Partner and Fund Manager of CEIBS
Q: As a senior mentor of Ribo Investment Academy, how do you mentor interns?
Lai Hao: In the investment industry, talent is one of the most important core competitiveness and barriers. Therefore, Ribo has always attached great importance to the cultivation of talents, and will carry out intern training courses every year.
Wu Weizhi, chairman and chief investment officer, will give students a comprehensive and in-depth interpretation of the company's investment philosophy and strategy, and investment directors in various industries will also share a series of processes such as data screening, data analysis, company extensive reading, intensive reading and research.
During the internship process, students will be matched with exclusive instructors according to the topics they receive, which may be one or two. The instructor will communicate with the students regularly and irregularly to understand some of the problems they encounter in the internship process, and conduct full exchanges and collisions of ideas, so as to better help them complete the internship project.
Senior mentor team of Rainbow Investment Academy
Q: You are majoring in medicine at Peking University, please give some advice to students who are not majoring in finance and are willing to engage in investment research
Lai Hao: We have seen that there are indeed many non-professional students who have crossed over to finance majors, and their performance after entering the industry is also good. Combined with some of my own experience in the past, I would like to share a few points.
First of all, I think the most important thing is to find out if we really like investing in this industry. Interest is the best teacher, and it is also the biggest driving force for us to move forward. We must choose an industry that we are suitable for and willing to engage in for a long time as our career development platform.
Secondly, as non-finance majors, we must be slightly lacking in financial knowledge and other aspects compared to our students in this major, so we should plan ahead and prepare accordingly. For example, we can take more courses and strive for some training opportunities to reserve and improve our financial knowledge.
Third, as non-finance students, we may have slightly less experience in internships and internships, so we should participate in more internships in the financial industry. We know that practice is one of the fastest growing paths.
In the actual process of practice, as a non-professional student, we may encounter some difficulties a little more, we should adjust our mentality and strengthen learning. Investing itself is a process of living and learning, and having a positive and optimistic mindset is important for the entire career development.
There are two sides to everything, and we must also see and make the most of our strengths. In the process of investment research, in addition to the requirements for financial knowledge, the requirements for many professional knowledge are also very high.
Taking medicine as an example, many of our current medical researchers are from non-financial backgrounds and have compound backgrounds. They must have a much stronger grasp of innovative drugs, some needs that are urgently needed in clinical practice, etc., than students without professional background.
Private Securities Investment Committee Pharmaceutical Theme Exchange
●Introduction of Zhongou Ruibo●
Founded in Shenzhen in 2007, Sino-Europe Ruibo is one of the earliest sunshine private equity fund management companies in China, focusing on securities investment in Chinese mainland, Hong Kong and overseas secondary markets, with a management scale of over 10 billion yuan. CEIBS adheres to the principle of "growing together with great enterprises; Respect the trend and adapt the strategy", and uphold the investment philosophy of "spring sowing, summer length, autumn harvest, and winter storage"; Discover and focus on investing in companies with excellent fundamentals, with a strong ability to invest in growth stocks, take into account value stock investment, and have strong fundamental research capabilities; With excellent long-term performance and strong drawdown control capabilities, we are committed to building an excellent investment research, risk control, marketing and management team.
Risk Disclosure: The personal views of fund managers and fund managers involved in this article do not represent any position of this platform and do not constitute any investment advice.
Investment is risky, the past performance of the fund involved in this information is not indicative of its future performance, the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund, and our company does not promise or predict the future return of the product in any way, expressly, implicitly or otherwise. Investors should pay careful attention to various risks, carefully read the fund contract, fund product key facts statement and other sales documents, fully understand the risk-return characteristics of the product, and make investment decisions according to their own circumstances, and be responsible for their own profits and losses in investment decisions.
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