In 2015, Mr. David brought together many investment R&D and capital management elites to form the PrimeTech team. This team mainly manages the assets of high net worth individuals and futures contract trading agencies as well as develop a robust and intelligent data market analysis system.
From 2016 to 2019, the total scale of private equity funds led by Mr. David exceeded US$4 billion, and the fund's return rate was as high as 80%.
In 2020, venture capitalists who are Dubai royals injected capital and PrimeTechGlobal was established.
In 2020, the establishment of the trading team in Dubai was completed, and the team had attracted top crude oil futures market trading talents in the Arab region.
In 2020, our first crude oil internal fund with a management scale of 100 million US dollars achieved an annual fund net value growth rate of 468%.
In 2021, we will begin offering our products globally and fund products will be open for subscription to ordinary investors around the world.
In 2022, the total asset management scale of the planned fund team will exceed US$10 billion, and the fund's annualized rate of return is targeted to remain at 40%-60%.