For active funds, choosing a fund is choosing a fund manager, which has also been recognized by the general public. More and more attention is paid to the comprehensive ability of fund managers such as management experience and past performance. In the process of fund investment, we will also find that some funds are managed by one fund manager, and some funds are managed by two or more fund managers at the same time. Are funds managed by multiple fund managers worth investing in? Will there be a management effect of 1+ 1 greater than 2?

There are two main reasons why there are multiple fund managers managing a fund.

First of all, bring the old with the new.

With the continuous development of the fund market, Public Offering of Fund market has injected a batch of fresh blood, and there are many new fund managers every year. It takes time for these fund managers to grow up and accumulate practical experience.

Whether a new fund manager takes over a well-managed fund or a newly issued fund, it will always be questioned by the market. Regardless of the performance of the fund for the time being, the scale of the old fund will inevitably be greatly affected, and the fund raising of the new fund may face obstacles and it is difficult to start operation. Therefore, the best way is to increase the trust of investors, ensure the attractiveness of funds with the reputation of the old ace fund manager, and at the same time drive the performance of the new fund manager, and also gradually transition to the new fund manager in the future.

Second, be responsible for what you are good at.

We will find that there are many fixed income+strategy funds managed by dual fund managers, one for equity investment and the other for fixed income investment. The two fund managers are responsible for their own parts and cooperate with each other. In the first case, most of the funds that may contribute to the actual operation are new fund managers, while the old fund managers are only nominal. Therefore, if the old fund manager is recognized, he can choose the fund he manages alone. In the second case, the funds are likely to have the effect of 1+ 1 >:2.