Most stock fund managers go from researchers, after all, they need to go from industry research to portfolio allocation, and the financial analysis ability of basic research work is still needed.
The proportion of domestic bond fund managers, researchers and traders seems to be similar. At least in the past few years, especially the fund managers of many money funds are traders. Of course, it is not necessarily a trader of a fund company. Some bank bond traders, after a period of experience, will jump ship to fund companies as fund managers or assistants.
The domestic bond market is mainly an inter-bank market, which requires communication between people. Therefore, the general requirement for fund managers is people who understand both macro-strategy and other institutions. Traders generally tend to have the latter characteristics, and it is easier to realize transformation if they pay more attention to strengthening the accumulation of macro knowledge.
But I personally think that the domestic bond market has just developed in recent years, and there is a shortage of personnel, just like many stock fund managers are very young, and the previous experience is not necessarily the future experience.
If only from the perspective of income, or the seller's traders or sales traders earn more, of course, the pressure is much greater.