This year, our company may come to many new fund managers, and the company is ready to rebuild the investment and research system in a big way. On June 30, a small and medium-sized public offering fund told the reporter of the 21st century economic report.
On the one hand, poor performance fund managers face assessment pressure to quit; on the other hand, the current markets pursuit of star fund manager effect brings more opportunities for performance fund managers, and the flow of fund managers in the public fund market continues to accelerate.
Turnover is fierce
According to the 21st century economic report, China Post Fund has the largest number of fund managers leaving, with 5 fund managers leaving, followed by Soochow Fund and e fund, with 4 fund managers leaving.
In addition, in the first half of this year, three fund managers of 11 fund companies, including Huaxia Fund, Harvest Fund and Changxin fund, resigned; while in 22 fund companies, including BAOYING fund, Dacheng Fund, Fuguo fund and Everbright baodexin fund, two fund managers left in the first half of this year.
Compared with the same period last year, the number of fund managers leaving the company increased by 10% in the first half of this year.
For example, Wei Zhenjiang, the former fund manager of Huaxia Fund, was the fund manager of Huaxia bond investment fund as early as February 2010 and announced his resignation on June 23 this year; Cui Jianbo, former deputy general manager and investment director of Xinhua fund, has served as fund manager of Xinhua fund for more than 10 years.
On the one hand, it may be the reason for poaching, on the other hand, it is also an important reason for running private . This years market is booming, and going private will also be a trend A public offering organization in Beijing told the 21st century economic reporter.
Earlier in May this year, Dongzheng asset management issued a notice on the change of senior managers, saying that Lin Peng, deputy general manager of the company, left his post for personal reasons and resigned as the fund manager of four funds.
According to previous reports, Lin Peng may start a business after leaving office and prepare for private placement.
According to the data, Lin Peng has been in Dongfang Securities for 22 years and has been engaged in the securities industry since 1998. He has successively served as a research fellow of Dongfang Securities Co., Ltd., investment manager and deputy general manager of Investment Department of Shanghai Oriental Securities Asset Management Co., Ltd., and general manager of public equity investment department.
Lin Peng has also been the star fund manager of Dongzheng asset management. According to the data, during the five-year tenure from September 25, 2014 to May 16, 2020, the Dongfang hongruifeng hybrid fund managed by Lin Peng had a post return of more than 200%; the return of Dongfang hongruiyuan mixed fund and Dongfang hongruiyang three-year hybrid fund also exceeded 100%.
There are several main reasons for leaving the company. For example, the welfare and position given by the fund company are not ideal, or the investment philosophy is inconsistent with the company. The fund manager will choose to leave and seek a better company. In addition, there are also some fund managers whose product performance is weak, which can not bring ideal benefits to the company and leave under the pressure of performance After gaining the trust of investors, managers will choose to start a business, so as to better realize their own value. Zhang Ting, a researcher at GESHANG wealth, said.
With the rapid development of asset management industry, many private placement and bank financing subsidiaries are growing, and the industrys demand for fund managers is also increasing. A public fund company in South China said.
The impact of leaving office remains to be solved
The departure of star fund managers and investment veterans will have a greater impact on the fund. The core influencing factor of fund performance is the fund managers research and investment ability. Once the fund manager leaves, it means that the style and direction of the fund will change, especially when investors trust the star fund manager very much Leading to the redemption of the fund. Zhang Ting said.
At present, many new fund issuance and publicity focus on building star fund managers. Many investors value the performance of fund managers and buy funds. After fund managers announce their resignation, there are performance fluctuations in the products managed by them, which has an impact on investors A large public fund channel source told the 21st century economic reporter.
For example, this month, Wells Fargo announced that Yu Yang, the fund manager, left his job due to personal career development, while Fuguo Medical Co., Ltd., who previously served as the fund manager, had just been established in April this year. As of Yu Yangs departure from office, his new fund management time is less than two months.
Earlier, Yu Yangs past investment performance was taken as the focus of the publicity in the launch of Fuguos growth 30. According to the data, during his less than three years of service, Yu Yangs three funds, namely, Wells Fargo precision medical hybrid, Fuguo new power flexible configuration hybrid fund and Wells Fargo healthcare industry hybrid fund, have all returned more than 100%. After Yu Yang left office, Liu Bo, the fund manager, took over the flexible configuration and mixing of Fuguo new power, and sun Xiaoyue, the fund manager, took over Fuguo precision medical hybrid, Fuguo healthcare industry hybrid and Fuguo pharmaceutical growth 30. According to the data, sun Xiaoyue took office as a fund manager only on April 9 this year, with the longest term of less than three months. In fact, in recent years, there are not a few new generation fund managers who have performed well in recent years and left their jobs soon after taking office. From the perspective of the industry, if the benefits and positions given by fund companies are not ideal, the turnover of these fund managers will also be accelerated. Extended reading of dominating the screen list: Pharmaceutical theme funds become big winners in the first half of the year_ NBJ9607
Earlier, Yu Yangs past investment performance was taken as the focus of the publicity in the launch of Fuguos growth 30. According to the data, during his less than three years of service, Yu Yangs three funds, namely, Wells Fargo precision medical hybrid, Fuguo new power flexible configuration hybrid fund and Wells Fargo healthcare industry hybrid fund, have all returned more than 100%.
After Yu Yang left office, Liu Bo, the fund manager, took over the flexible configuration and mixing of Fuguo new power, and sun Xiaoyue, the fund manager, took over Fuguo precision medical hybrid, Fuguo healthcare industry hybrid and Fuguo pharmaceutical growth 30. According to the data, sun Xiaoyue took office as a fund manager only on April 9 this year, with the longest term of less than three months.