[Introduction] The founder of 33-year-old tens of billions of quantitative private equity, suspected of stealing commercial secretsIntersectionThe companys latest response is here
China Fund reporter Wu Jun
Recently, a "quantitative private equityThe news that the founder was suspected of stealing commercial secrets was circulated on the Internet.According to official information, Xiao ZHANG, a 33 -year -old from Shanghai, China, was recently sued by local procuratorates in the United States for suspected stealing the business secrets of the original employers company.
The China Fund News reporter learned in the industry that the above -mentioned person or the founder of the newly promoted private equity Pan Song Assets Zhang Xiao.In this regard, the reporter contacted the people of Pan Song Asset Marketing Department, which said that it would issue an announcement on the incident.However, a person close to Pan Song revealed that the companys lawyer team is evaluating that there must be further nodes to respond to a notice.
Suspected of being suspected of stealing commercial secrets
The founder of quantitative private equity Pan Song assets?
Recently, the prosecutors office of the Massachusetts Massachusetts announced that the 33 -year -old Xiao ZHANG from Shanghai, China was sued by the Boston Federal Jury, and accused him of accusing him ofDuring his work in 2021, he was suspected of stealing commercial secrets from his employer (a global asset management company).
According to the indictment, in 2021, ZHANG was suspected of using a virtual network (VPN) to visit the network from ChinaBypassing the companys control.ZHANG subsequently suspected of copying his employers code, projects, and research, and sent these copies through a Chinese -based file sharing application, so that he once again bypassed the employers control.It is said that ZHANG then used these stolen items to establish its own investment company in China.
The Office of the Prosecutors Office of the Federal Regional Federal Region Massachusetts also stated that the allegations of theft of business secrets may be sentenced to 10 years of imprisonment, 3 years of supervision release and up to $ 250,000.The court judge determined according to the US Torture Guide and regulations.
The China Fund News reporter learned that the above -mentioned allegations may point to Zhang Xiao, the founder of the newly quantified private equity Pan Song assets.
In this regard, the reporter contacted the Pan Song Asset Marketing Department on the afternoon of November 2, saying that the company will make an announcement for this incident.
On the evening of November 2, the reporter opened a phone call from Zhang Xiaos founder of Pan Song."Contact our market department, we are still discussing, I still have something now," he said.
But until the reporter published on the morning of November 3, Pan Song Assets had not yet released any announcement information.According to people close to Pan Song assets, the companys lawyer team is currently evaluating how to promote the action, so there is no way to release information so soon."The lawyer is still doing work. You need to have further nodes to respond. At present, you will not issue an announcement."/strong>
Two founders have served as an overseas hedge fund
Fund Management Co., Ltd. (referred to as Pan Song Assets) was established on June 29, 2022, and completed the registration of the private equity investment fund manager on December 9, the same year.The registered capital of Pan Song Assets is 10 million yuan, which are held by Zhang Xiao, Shanghai Dabaishu Enterprise Management Center (limited partnership) and Shanghai Panong Enterprise Management Group Co., Ltd.People are Zhang Xiao.
It is understood that Pan Song assets deeply cultivate the research in the field of low-frequency systems.Regarding the investment strategy, Pan Song assets have stated that the companys investment portfolio optimizer is independently developed by the team. The investment portfolio optimizer is based on the same prediction model. At the same time, consider all the products of Pan Song and make all the decision -making decisions of the day.
As a young private equity institution, Pan Song assets have grown rapidly in recent years. In July 2023, it exceeded 2 billion yuan and 5 billion yuan in March 2024.The management scale of Yuewan Song assets has officially exceeded 10 billion yuan.At present, there are more than 60 private equity products recorded by Pan Song assets, involving multiple product lines such as enhancement, long -short hedge, market neutrality, stock index futures arbitrage.
It is worth noting that Pan Song Assets is set to be a new and set up in the design of private equity products. Customers can choose products that only charge management fees or pay for performance remuneration. In recent years, in recent yearsCome to attract the attention of the industry.Almost all products under the company have adopted a special rate structure of low management fees, low performance remuneration, and even performance remuneration.
According to public information, Zhang Xiao, director of Pan Song Asset Investment, is a bachelors degree in economics from Shanghai University of Finance and Economics.The Ministry of Financial Institutions, joined the hedge fund ArrowStreet Capital in July 2015, who was the director of the research department and was responsible for the development model to predict the revenue, risks, and transaction costs of global stocks;, To study the best way to transform model prediction into actual investment portfolios.In August 2021, Zhang Xiao left ArrowStreet Capital, and then took less than a year. In July 2022, he founded Pan Song assets as the companys legal representative and executive director.
In addition, Wu Zu, general manager of Pan Song Assets, is reported by the national gold medalist of computer competitions.Double degree with computer; graduate students graduated from the financial economics major of business schools in Columbia University.Wu Due joined ArrowStreet Capital in July 2017 as the director of the investment department. He and Zhang Xiao became a colleague until he left in August 2021.The two then founded Pan Song assets together.
Industry insiders pointed out that the employer or hedge fund ArrowStreet Capital (Alosrete Capital) referred to the XIAO ZHANG in the allegations.According to public information, it is a quantitative investment company in Boston, USA. As of the end of June last year, the management scale exceeded $ 160 billion.
Edit: Captain
review: woodfish
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