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Why did Jiao Longwen of Penghua Fund lose 73% of his net worth after taking office for 34 days?
Jiao Longwen of Penghua Fund may be the most miserable fund manager. 2065438+On May 27th, 2005, he became the graded fund manager of Penghua High-speed Railway. As a result, the stock market plummeted, and the net value of high-speed rail B fell to 0.263 yuan within 34 days, a decrease of 73.70%.

In addition, Jiao Longwen went to Ren Peng Huaxin Energy Grade B Fund Manager on May 29, and closed on June 29, with a 32-day net value of 47.2%; On May 18, he was appointed as the graded B fund manager of Penghua Belt and Road, and his net value fell by 47.2% in 43 days.