公募“顶流”两年消失四成，最新百亿主动阵营仅剩87人

Core Insights - The number of fund managers managing over 100 billion yuan has decreased significantly, with only 87 remaining, a drop of over 40% compared to two years ago [1][4][5] - Top fund managers have seen a rebound in their management scale, with Zhang Kun's total management scale returning to over 600 billion yuan [2][3] - New fund managers have emerged, with some achieving substantial growth in their management scale due to strong performance [2][3] Fund Manager Performance - The total scale of the fund market exceeds 32 trillion yuan, with active equity funds accounting for nearly 3.5 trillion yuan [2] - Zhang Kun's management scale increased by 18.81 billion yuan in a single quarter, allowing him to reclaim his position among the top fund managers [2] - New entrants like Yan Siqian from Penghua Fund saw their management scale grow from 10.35 million yuan to 108.96 million yuan due to a quarterly return exceeding 60% [2] Market Trends - The overall number of top fund managers has decreased, with the total management scale of the top ten fund managers dropping from 6,177.34 billion yuan to 3,633.12 billion yuan, a decline of over 40% [4][5] - The trend of "de-starring" in the industry has led to many top fund managers stepping back from managing multiple products, contributing to the reduction in management scale [5][6] Future Outlook - The A-share market has shown signs of recovery, particularly in the technology sector, which is expected to be a focal point for top fund managers [7][8] - Fund managers like Zhang Kun and Zhou Weiwen are optimistic about the future of certain industries, particularly technology and artificial intelligence, and are adjusting their investment strategies accordingly [7][8][9] - Zhou Weiwen has identified investment opportunities in the insurance sector, noting improvements in the industry's profitability and valuation [9]