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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
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  界面新闻记者|杜萌

  公募行业的高管变动仍在持续。4月15日,光大保德信发布公告称公司总经理刘翔因个人原因辞任,公司副总经理、首席运营总监兼首席信息官贺敬哲将代任总经理职务,目前公司经营一切正常。

  公开资料显示,刘翔自2020年7月入职光大保德信,担任总经理职务。此前,他曾在深发展银行、招商银行任职,随后2004年加入公募,先后在鹏华基金、前海开源基金等担任市场发展部总经理、合伙人和首席市场官等职务。

  光大保德信基金成立于2004年4月,注册资本1.6亿元人民币,光大证券和美国保德信国际投资管理公司分别占有55%和45%的股份。

  从公司的发展历程来看,在成立之初,公司就明确了以“固收”产品为主要发展战略,截至2015年末23只公募产品的总规模达到了745.47亿元,其中非货基金有19只,总规模为263.43亿元。

  2016年,A股经历当年初的熔断机制引发市场恐慌,导致投资者信心受损,股票型和混合型基金的规模普遍出现了不同程度的缩水。受此影响,光大保德信基金的管理规模出现了大幅缩水,2016年第一季度的总规模缩水至351.19亿元。

  2018年二季度末,光大保德信基金的管理规模第一次升到千亿元。随后起起伏伏,随着刘翔的到任,公司管理规模在2020年末达到了峰值1068亿元,非货总规模达到了793.66亿元,业内总排名为45/159。

  2021年以来,随着主动权益基金走到聚光灯下,我国公募基金行业迎来历史性的发展机遇,行业总规模屡创新高。

  但受制于“股弱债强”的风格,光大保德信基金错失了这一发展机会。

  截至2024年底,光大保德信基金旗下共管理135只基金(不同份额分开计算),总规模为759.87亿元,其中货币基金为187.79亿元,非货基金为572.08亿元。具体到产品分类来看,债券基金的总规模为480.75亿元,占到了总规模的63.27%。

  Wind数据显示,公司主动权益基金(普通股票型、偏股混合型、灵活配置型)共有40只,截止去年年末,上述40只主动权益基金中,单只资产净值在2亿元以上的仅有4只。

  主动权益基金的投研能力较弱,这和公司近年来核心基金经理的变更有关。2022年9月份,原总经理助理兼研究总监魏晓雪离任,随后加入路博迈基金。

  魏晓雪离任后,光大保德信基金启用了中生代和新生代基金经理。目前来看,这些基金经理尚缺乏市场知名度,在管的多只产品仍处于较大的浮亏之中。以詹佳为例,2011年11月成立的光大保德信创新生活,自成立至今回报率为-30.5%。现任研究总监崔书田管理的光大新增长混合,自2022年8月份接任至今回报率为-28.55%。

表:光大保德信基金自2020年以来在管公募规模、营收、净利润明细单位:亿元来源:公司年报界面新闻整理

  从盈利情况来看,自2020年以来,随着公募产品调低管理费和托管费,光大保德信基金历年来的营收和净利润呈现逐年下滑的态势。2024年,该公司的净利润仅为0.47亿元。

  也有好消息传来。今年以来,光大资管先后向证监会提交了旗下13只参公大集合的变更注册申请,管理人拟变更为光大保德信基金,目前已有12只被受理。2021年底,券商参公大集合产品开启全面公募化改造,需在3年内转为公募基金或清盘。Wind数据显示,光大资管目前的资产规模为318.18亿元,其中货币基金规模为258.94亿元。

  通过接手光大资管的产品规模,光大保德信基金管理的产品规模有望再度突破千亿元。但是在激烈的市场竞争中,作为合资公募,光大保德信仍需要调整业务布局,投资研究、产品创新等多方面都急需得力干将。

  作为“高级打工人“,今年以来,公募的高管变更仍保持在高位。Wind数据显示,今年3月基金公司高管变更人次达到61人,涉及33家基金公司,创下公募行业有史以来的单月高管变更人数新纪录。其中,董事长变更10人,涉及5家公司;总经理变更11人,涉及6家公司;副总经理变更21人,涉及16家公司。

  进入4月,这一趋势仍在延续。截至4月15日,月内高管变更总人数已经达到12人。其中,总经理变更6人,涉及3家公司;副总经理变更3人,涉及3家公司。4月11日,天治基金发布公告称,原总经理许家涵因个人原因于当日离任,由董事长柴晓秀代任总经理一职;4月2日,新沃基金公告李钧离任总经理,由新上任的副总经理李曦代任总经理等。

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