Review: Since 20 10, at least 28 fund companies have changed their fund managers, involving 56 funds, accounting for about110 of the total number of open-end funds. Among them, the resignation of star fund managers with outstanding performance in the past, such as Sun Jiandong, Zhang Long, Fu Yong, Dongfang Fund Company and TEDA ABN Amro Fund Company Wang Yong, has attracted much attention. The departure of these fund managers has cast a shadow on the performance of the funds they are in charge of, leaving these fund holders at a loss, or will trigger a large-scale redemption.

Comments: As a highly knowledge-intensive industry, one of the core competitiveness of the fund industry is talent. However, with the explosive growth of the fund industry in China in recent years, the talent resources of the fund are relatively backward, so talent is an important resource for fund companies to compete for. Frequent changes in fund personnel will inevitably have a major impact on the funds managed, and then have a major impact on investors. On the other hand, the brain drain of fund companies will also increase the cost for fund companies to find suitable talents.