The Fund Industry Entered The Turbulent Era Of &Nbsp; The Executives Took Turns Off The Class Novice And Hurried On The Road.

In the past April, the personnel changes in the fund industry once again entered the peak.

Fund managers frequently quit because of "personal reasons"

Data from the good buy fund show that as of April 29th, the average rate of return of private equity funds was 0.85%, while the public offering partial stock fund was -3.54%, and 65.52% of private equity had achieved positive gains in the past 1 months.

This means that in the past April, the public raised the private placement again.

In fact, from nearly 3, nearly 6, nearly December and nearly 2 years of earnings comparison,

At the same time, Wind statistics show that in April 2011, the Shanghai Composite Index fell 0.57% overall, while in the 860 funds with statistics, up to April 30th, 580 funds had a negative total return in the past month, and the average return of 860 funds in April was -1.64%.

This means that in April, the public fund also lost the market.

In the past quarter, the fund of 61 fund management companies accumulated a total loss of 35 billion 900 million yuan. The overall performance of the fund industry was poor, and it also caused widespread turbulence in personnel.

Good buy data show that the new fund managers who did not consider the new fund, in April, a total of 19 fund management companies under the 23 funds have changed the fund managers.

Among them, the fund manager of Celestica fund has undergone drastic changes.

Celestica selected April 26th announced that the dismissal of fund manager Lv Yizhen; Celestica cycle strategy also announced on the same day, dismissed fund manager Lv Yizhen; in May 5th, Celestica cycle strategy announced again, dismissed fund manager Yao Jin.

For the three reasons for the change of the two fund managers, the announcements were expressed as "personal reasons".

Wind statistics show that the total return of the Celestica cycle strategy this year is -4.99%, ranking eighty-second in 238 similar products. The total return of Tianhong selected this year is -11.66%, ranking 115th in 125 similar products.

In addition to Celestica fund, the former fund manager of the Fortis style advantage, Kang Sai Bo, has left the company for "personal reasons" for nearly 4 years. Mou Yongning, the fund manager of the former Haitong revenue growth mixed fund, has become the fund manager of Haitong style advantage.

Wind data showed that the annual yield of Kang Sai Bo during the fund manager was 0.1%, the total return of the fund this year is -7.81%, ranking 152nd in 238 similar products.

In addition, Ni Ming, the original fund manager of Dacheng innovation and growth, was also appointed by Dacheng Industry rotation fund manager Yang Jianxun because he resigned.

W ind data show that Dacheng's innovative growth this year has a total return of -5.88%, ranking forty-eighth in 125 similar products.

A fund industry insider told the economic reference Daily reporters that excluding fund managers and recruited new managers who were newly issued by the new fund, overall, the change of fund managers in April did not change much compared with previous years.

In April, the change of fund managers was related to the year-end assessment of fund companies. The fund managers who had poor performance were also expected to leave. On the other hand, from the current situation, the year-end bonus of many fund companies will be delayed until April, and some fund managers will be able to leave after taking the money.

"Stock Games" forcing executives to finish classes

In addition to the collective changes of fund managers, the violent turmoil of higher level fund managers has also brought a great impact to the fund industry.

Public information shows that on May 4th alone, three fund management companies including Shen Wan Ling letter, Everbright Baode letter and Guo Hai Franklin issued a notice of top management change.

Shen Wan Ling letter announced that its general manager, Mao Jianming, "resigned for personal reasons", has left office in April 6, 2011, and the general manager's duties were fulfilled by Jiang Guofang.

The announcement shows that Jiang Guofang served as chairman of the executive vice president of Shenyang Wanguo Securities Limited by Share Ltd and Shen Wan Ling Trust Fund Management Co., Ltd. (former Shen Wan Paris Fund Management Co., Ltd.).

In fact, Mao Jianming was originally a representative of Shen Wan Paris's foreign shareholder, the Bank of Paris, France. After the pfer of all 33% of the shares of Shen Wan Paris fund management company to MITSUBISHI U FJ trust and banking Co., Ltd., Mao Jianming's departure was also reasonable.

Everbright Baode letter announced that Yuan Honglong, former deputy general manager of the company, resigned in May 3rd because of "personal reasons".

As a matter of fact, as early as April 26th, the Baode Everbright trust in Baode and the Everbright Baode trust issued a notice that Yuan Honglong had left the fund manager of the two fund products for "personal reasons".

W ind statistics show that the total returns of the two funds are -19.59% and 1.12% respectively this year, ranking the first and the tenth of the 238 similar products.

Franklin announced that the general manager, Jin Zhefei, had left office in April 27th because of "work needs" and was appointed by the deputy general manager Li Xionghou.

Bulletin materials show that Li Xionghou has been the director of Marketing Management Department of China Merchants Fund, vice general manager of Huaitai fund, and vice general manager of Franklin fund.

In fact, in addition to the above three fund companies, since 2011, there have been changes in the number of executives of many fund companies, including Huatai, China, Zhonghai fund, Dongfang fund, Jin Yuan, and Tianhong fund.

In the above executives change, small and medium-sized fund companies obviously occupy a major part.

For the fund company executives, especially small and medium-sized fund company executives changes in personnel, good buy Ceng Linghua, chief economist, told the economic reference Daily reporters that the overall scale of the fund industry stagnates, the fund market is actually a "stock game."

The competition between fund companies is nothing more than word of mouth and performance. From the current investigation, the single performance is very short because of the short time (usually one year). Therefore, fund companies mainly need to brand and channel. In this regard, small and medium-sized fund companies often face greater pressure, so there will be more personnel changes.

Who will give a ride to the novice?

In addition to changes in old fund managers and changes in fund managers, many new "fund managers" have been promoted as new fund offerings have been greatly increased.

Wind statistics show that, according to the date of issue announcement, in 2011 April, a total of 23 fund products were announced.

According to statistics, according to the date of appointment, 25 new fund products have ushered in fund managers.

With the rapid expansion of fund products, most fund companies are facing "talent shortage" in varying degrees, and many "novice" have taken advantage of this.

Take the Zheshang fund management company that has just been approved as an example, the company's first fund product, the recruitment prospectus of Zhejiang businessmen's agglomeration industry, shows that the fund manager of the product is Jiang Peizheng, a research fellow of Ping An Securities comprehensive research institute; a research fellow of the National Alliance Security Fund research department; a researcher and research director of the Zhejiang investment fund management department.

He is currently Deputy Director of Investment Management Department of Zhejiang Merchants Fund Management Co., Ltd.

From the resume, the newly released fund manager is mainly research and has no actual combat experience.