After half a year on the investment morgan and \"rat warehouse \", fund managers low performance, use their position to facilitate the disclosure of insider information. Originally wanted to reap the 10 years old \"elder sister\" heart, after some \"coquettish operation\" does not earn but loses, the male and female protagonist both ends up in prison.
On 8 January 2020, a judgment information was published by the referee's clerical network. Wu, who was born in 1979 in pursuit of Hou Yujie, who was born in 1969, was both jailed after revealing insider information to him and using his mother's securities account for related transactions while he was a Morgan fund manager.
The court found that from January 9,2015 to January 15,2017, Wu Wenzhe served as the fund manager of the \"growth Pioneer Fund\" and \"Excellence in Manufacturing Fund\" of Shanghai Investment Morgan Fund Management Co., Ltd. During his term of office, Wu Wenzhe used Hou Yujie's mother's securities account related transaction stock 52, the transaction amount ten thousand yuan, the accumulated loss ten thousand yuan.
Mr wu said the growth pioneer fund was his personal decision-making, the excellence manufacturing fund was managed by him and mr xu, and he had the right to make an order decision to see the position in real time. In the pursuit of Hou Yujie, he talked about his analysis of stocks and the market.
On January 9,2019, Wu Wenzhe and Hou Yujie came to the case separately after receiving a call from the public security organs, but both denied the facts of the crime. Although not surrendered, but in view of the truthful confession, the court finally sentenced Wu Wenzhe, Hou Yujie two people to imprisonment for one year, and imposed a fine of 50,000 yuan.
Wu served as a fund manager for the \"J.P. Morgan Growth Pioneer\" and \"J.P. Morgan Excellence Manufacturing\" from January 9,2015 to January 16,2017, and April 14,2015 to January 16,2017, respectively. The former is a hybrid fund with a term return of -%, while the latter is a stock fund with a term return of -%. During his tenure, the two funds he managed returned far less than the same type of fund and the Shanghai-Shenzhen 300 index.
Morgan was founded in may 2004 and has so far managed 100 funds with a management capacity of $100 million. Except that the yield of bond- and money-based funds is lower than the industry average, stock-type, mixed-type and QDII are generally higher than the industry average.
In addition to Wu Wenzhe, on July 9,2019, the referee's clerical network announced the verdict of another related party transaction, and Gui Zhiqiang, an assistant to the Morgan Industry Rotary Fund, used insider information to illegally profit ten thousand yuan. The court sentenced him to 2 years'imprisonment, confiscated illegal gains and fined 3.1 million yuan.
Tang jian, a former fund manager at morgan growth pioneer in 2007, drew the attention of the sfc because of a 1.5 million yuan profit from insider trading. Mr. tang was eventually fired, so mr. morgan was temporarily suspended.