The Turnover Scale Of Public Offering New Year'S Personnel Set A New Record, And More Than 200 Fund Managers Changed Their Homes In The Year

A record number of mutual fund managers have left.

As of August 24, 207 fund managers have left their posts so far this year, up 17.6% from the same period last year, according to wind.

On August 24, another fund manager of Penghua Fund announced his resignation. According to the announcement, Zhang hang, the former fund manager of Penghua value selection and Penghua dynamic growth hybrid fund, left his post for personal reasons and did not transfer to other positions in the company.

The reporter of 21st century economic report noticed that Luo Jie, the fund manager of Penghua Fund, and Liu Taiyang left their posts as fund managers due to the work arrangement of the company. Liu Taiyang was still the fund manager, while Luo Jie was transferred to other positions of the company.

"The market has performed well in the past two years, and the flow of talents in the industry is relatively frequent." "On the one hand, there are fund managers who leave their posts for various reasons, and on the other hand, there are new people coming in, all of whom are looking for better development," a large-scale public fund source in South China told the 21st century economic report

From the data point of view, the direction of leaving fund managers is still relatively fixed, going to peers, private placement, or securities industry.

Fund managers' turnover reached a new high

Overall, among 147 fund managers in the whole market, 101 fund managers left their posts within the year, accounting for 69%.

Wind data shows that there are 29 companies with more than three outgoing fund managers. Among them, Harvest Fund, Xinhua fund and Beixin Ruifeng fund had the largest number of leaving fund managers. Six fund managers left their posts in all three companies.

In addition, 5 fund managers of UBS fund, Yinhua Fund and Qianhai open source fund all left their posts; Penghua Fund, Everbright Prudential fund, China Merchants Fund, Boshi fund and other six fund companies all have four fund managers leaving their posts.

Specifically, the fund managers of Harvest Fund this year are Yan Yuan, CHEN Ye Yannan, Gao Feng, Zhang Miao, Yin ye and the national anthem, among whom Zhang Miao has served for the longest time, more than six years; The former fund managers of Xinhua fund include Wang Hao, Shen Fengqi, Wang Bin, Zhong Jun and Yu Zeyu, among whom Yu Zeyu is a veteran who has served for more than 8 years.

In fact, the personnel changes of Xinhua fund have been relatively frequent after equity changes.

In April this year, Zhai Chenxi succeeded Zhang zongyou to become the chairman of Xinhua fund; In May, Zhai Chenxi replaced Zhang zongyou as the legal representative of Xinhua fund. Earlier, in November 2020, Liu Quansheng, the former general manager of Xinhua fund, left office, and Zhai Chenxi was appointed as the general manager.

In 2020, four fund managers of Xinhua fund will leave their posts throughout the year. Among them, Cui Jianbo, former deputy general manager and investment director of Xinhua fund, has been the fund manager of Xinhua pan resource advantage hybrid fund since March 2010. Since his resignation from Xinhua fund, Cui Jianbo has more than 10 years of public investment experience.

Among the six fund managers who have left their posts this year, Yu Junhua, who has worked for more than six years in the company, is the one who has worked for the company for the longest time.

It is worth mentioning that at the same time of the departure of six fund managers, Beixin Ruifeng fund has newly appointed four fund managers, while the company has only eight fund managers at present.

According to the 21st century economic report, there are 25 funds in total with a management scale of 7.817 billion yuan. Although the public offering market is hot in the past two years, the management scale of the fund company shows a downward trend.

According to the data, the management scale of Beixin Ruifeng fund reached a peak of 13.395 billion yuan at the end of the first quarter of 2020, but then fluctuated and declined, falling back to 8.127 billion yuan at the end of the third quarter of 2020. However, after a slight increase at the end of 2020, the management scale dropped to 6.94 billion yuan at the end of the first quarter of this year.

"The reasons for fund managers to leave their posts are job hopping, going private and being eliminated from the bottom. It is not surprising that frequent changes occur in the context of the hot market. For example, the last fund manager turnover climax was in 2015. " A large public offering fund said.

Talent war of fund companies

Although more than 200 fund managers have left their posts, at the same time, 398 new fund managers have been appointed since this year.

In fact, the 21st century economic reporter survey found that some large fund companies are more frequent in personnel flow. Many companies have reshaped the investment and research system for popular track, and fresh blood is naturally indispensable.

For example, Harvest Fund is not only a company with the largest number of fund managers leaving their posts, but also a company with the largest number of new fund managers this year.

Data shows that as of August 24 this year, Harvest Fund has hired 14 new fund managers.

"Since the upgrading of investment research system last year, there are indeed some staff turnover within Harvest Fund. Some fund managers have left, and more are staff replenishment. In addition to the internal training of the company, there are also external talents introduced." A person close to harvest fund told 21st century economic reporter.

According to the 21st century economic report, Harvest Fund's "new decade" investment and research strategy focuses on creating a series of high-quality stock investment teams. Its high-quality stock strategy covers the whole market track, industry track and large cycle stock bond linkage investment research team, and deepens the fundamental research on science and technology, big health, consumption and manufacturing, which can best represent the direction of China's economic development. For example, Guikai was appointed as the growth style master fund manager; Yao Zhipeng was appointed as the main fund manager of manufacturing investment.

In addition to harvest fund, Penghua Fund, Guangfa fund, Anxin fund and Huaxia Fund are also newly employed fund managers. Among them, 13 new fund managers were employed by Penghua Fund, and 4 fund managers left; GDF has 11 new fund managers and 3 have left; Huaxia Fund employed 10 new fund managers and 3 left their posts; Only 10 new fund managers have been appointed and no fund managers have left.

"In the past two years, many fund companies have taken advantage of the boom in the development of equity funds to invest in rights and interests, and a lot of outstanding investment and research talents have been recruited from outside, which has led to an increase in the quotation of manpower for a period of time." "Because the appeal of star fund managers in the market in the past two years is very obvious, people's desire for talents is naturally stronger," said the former public fund personage

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