In order to protect the interests of investors, the fund authorities should make strict regulations on the qualifications of fund managers, so that fund managers can better assume the responsibility of managing funds. Different countries and regions have different requirements for fund managers, but they usually include the following aspects:
1. It has certain capital. For example, according to the Fund Measures, the minimum paid-in capital of the fund management company to be established is100000 yuan;
2. Administrative, financial and management personnel are independent of the custodian;
3. Have a complete organizational structure;
4. There are enough qualified professionals;
5. It has a sound risk control system and internal management system.
The responsibilities of a fund manager mainly include the following aspects:
1. Use the fund assets to invest and manage the fund assets according to the provisions of the fund contract;
2. Pay the fund income to the fund holder in time and in full;
3. Keep the accounting books and records of the fund for more than 15 years;
4. Prepare the fund financial report, make a timely announcement and report to the China Securities Regulatory Commission;
5. Calculate and publish the net asset value of the fund and the net asset value of each fund share;
6. Other duties stipulated in the articles of association of the fund or the fund contract.
The manager of the open-end fund shall also handle the subscription and redemption of the fund in a timely and accurate manner in accordance with the relevant provisions of the state and the provisions of the fund contract.