百亿权益基金经理五年业绩盘点：闫思倩总回报257.32%断层领先，韩创年化回报23.36%领跑

Core Insights - The A-share market has experienced significant volatility, making it challenging for fund managers to maintain outstanding performance over the long term [1] - There are 47 fund managers managing over 10 billion in equity funds with ten years or more of experience [1] Fund Manager Performance - Yan Enqian from Penghua Fund leads with a five-year total return of 257.32% and an annualized return of 17.89% [4][5] - Han Chuang from Da Cheng Fund has a five-year total return of 154.39% and the highest annualized return of 23.36% among the top ten [5] - Liu Xu from Da Cheng Fund manages the largest fund size at 257.34 billion, with a five-year return of 98.49% and an annualized return of 11.83% [5][11] - Jiang Cheng is noted for a stable investment approach, achieving a five-year total return of 133.91% and an annualized return of 13.37% [7] - Wang Bin from Huazhong Fund has a five-year total return of 91.03% and an annualized return of 22.97%, demonstrating strong risk control [7] Risk and Return Analysis - Yan Enqian exhibits a high return of 257.32% but also a significant maximum drawdown of -63.17%, indicating an aggressive investment style [9] - Liu Xu shows a lower maximum drawdown of -25.00% and a high Sharpe ratio of 0.9750, reflecting a more conservative investment approach [9] - Wang Guizhong has a decent return of 79.38% but faces a larger maximum drawdown of -50.24%, suggesting potential downside risks [9] Fund Management Strategies - The top fund managers exhibit diverse investment styles, with some focusing on short-term opportunities while others emphasize long-term value investing [11][12] - Yan Enqian and Wang Guizhong are more inclined to capitalize on market fluctuations, whereas Han Chuang and Wang Bin excel in navigating market cycles for sustained returns [12]