Fund managers will be eliminated at the end of the year, and those who rank last at the end of the year 1/3 will leave. Although most fund managers had positive returns last year, there were also differences. Some fund managers are senior, and some see other fund managers start to sign up for sightseeing, so they sign up for sightseeing and then enter the market when they are near the top of the mountain. Their abilities are still different. Then, coupled with the plunge during this period, some fund managers fled ahead of time and began to change positions and sell long ago, and many fund managers became takers. When fund managers see huge losses, they will find someone to take responsibility.

The fund managers of 96 companies left their jobs.

Under the background that the number and share of new funds have reached a new high, and the profit-making effect of some existing funds has been highlighted, the turnover tide of managers in Public Offering of Fund has become more and more "turbulent".

Wind data shows that the number of fund managers who left in 20 19 was 233, up 20% year-on-year. 20 17 and 20 18, the numbers are 170 and 194 respectively.

Performance or turnover fuse

Public Offering of Fund is a talent-intensive industry.

Generally speaking, it takes more than five years for a fresh graduate to become an assistant researcher and fund manager.

After Du Jie's success, what caused the fund manager to choose to leave?

A fund practitioner told the Investment Times reporter that the reason is inseparable from performance, which is divided into two situations: one is bright performance and the other is weak performance.

Fund managers with outstanding performance left because they found a better place to go.

Among them, some small companies quit to big companies because big companies provide better salary levels and stronger fund-raising ability;

Of course, there are also many cases where large companies jump to small companies, because large companies are full of talents and are prone to encounter career development bottlenecks, while small companies provide higher positions and more flexible incentive mechanisms.

Fund managers with poor performance often leave because of great pressure, such as passively leaving because of the "last elimination system", or actively changing platforms to seek changes in performance. (See Finance)

In addition to poor performance, there are also some star fund managers who choose to jump ship and look for opportunities of "big factories".

For example, Liu Hong, the chief investment officer of Yuanxin Yongfeng Fund, left at the end of 20 19 1, and the six funds he managed changed their helm, then "switched to harvest fund".

At present, the torrent management strategy of Harvest is mixed, the value of Harvest is growing, Harvest Ruihong is regularly opened for three years, and Harvest's diversified debts are A/B.

Regarding the impact of the departure of star fund managers on fund companies, the above-mentioned fund practitioners said that this will have a great impact on large, medium and small fund companies, because:

First, both direct selling customers and consignment customers will question the performance of the fund after leaving the company, and the products will face redemption pressure in the short term;

Second, it will affect the evaluation of the stability of the company's investment and research team by important customers, thus affecting the success rate of bidding for important projects;

Third, if the new fund manager can't maintain good performance, it will lead to adverse consequences such as customer complaints and negative public opinion;

Fourth, it will bring pressure to other members of the investment research team.

At the beginning of this year, 40 fund managers left their jobs one after another. At the beginning of this year, the market fluctuated greatly, with 65438+ 10 rising sharply in October and falling sharply in February, which was also caused by the market environment. Among the resigned fund managers, there are well-known fund managers whose performance and income rank in the top ten in recent years, but there are also many fund managers whose performance is poor and can not reach the system audit. There are three reasons for leaving your job. First, take the initiative to leave, have a better place to go, and leave at the peak will get better treatment. Second, passively resign and fail the system assessment. Third, the work pressure is great, leaving the job to recuperate and relieve the pressure.

First, take the initiative to leave, have a better place to go, and leave at the peak will get better treatment.

Because of their good short-term performance, many of these retired fund managers went to a bigger Public Offering of Fund platform or famous private placements. With honor, you can effectively improve your value and get better pay than in the past.

Second, passively resign and fail the system assessment.

Fund managers are under great pressure. If they rank below 50% of their peers, they will be warned. If they are in the last third, they may be eliminated. In addition, the ranking of fund managers is also directly linked to income. Many fund managers leave at the bottom of the annual ranking. For example, in June this year, two bond fund managers left in 5438+0. The fixed investment pure debt funds they managed ranked in the bottom 30 among nearly 3,000 similar funds in the past 1 year, and the income in the last two years also ranked in the bottom 20. If they don't leave, they can't really get along.

Third, the work pressure is great, leaving the job to recuperate and relieve the pressure.

In the eyes of fans, fund managers are full of pride, but the average working life is only 3. 15 years, and the average working life of better companies is about 4 years, almost less than half a year. Due to the long working hours, intense work and ups and downs of the market, many fund managers find it difficult to get rid of depression, and some even die young. On March 1 day, Guo Jin Securities issued an obituary. A 39-year-old employee surnamed Chen in the investment banking department of the company died of respiratory and cardiac arrest on the last day of February.

For ordinary investors, the resignation of fund managers has a great impact on the funds they hold. It is necessary to carefully examine the past investment performance and style of the new fund manager before deciding whether to continue holding it!