景顺长城百亿基金经理鲍无可离职，代表基金任职回报曾高达374%

Core Insights - Invesco Great Wall Fund announced the departure of fund manager Bao Wuke due to personal reasons, affecting all eight funds he managed, including notable ones like Invesco Great Wall Energy Infrastructure and Invesco Great Wall Hong Kong-Shanghai Select [2][3] Fund Manager Departure - Bao Wuke was a prominent fund manager with a track record of over 10 years and an annualized return exceeding 10%, known for his stable investment style [3] - His departure raises concerns about the research capabilities and investor confidence in Invesco Great Wall, although experienced managers Liu Su and Zou Lihua have been appointed to take over [5] Fund Performance - Invesco Great Wall Energy Infrastructure achieved a return of 374.75% with an annualized return of 15.37%, ranking 13th out of 372 funds [3] - Invesco Great Wall Hong Kong-Shanghai Select had a return of 185.82% with an annualized return of 12.42%, ranking 19th out of 167 funds [3] - Other funds managed by Bao Wuke also showed significant returns, with varying annualized returns and rankings [3] Investment Philosophy - Bao Wuke emphasized the importance of safety margins in value investing, focusing on high barriers to entry and reasonable valuations [5] - He expressed skepticism about the future of AI technology, suggesting that without new iterations, the capabilities of AI may stagnate, which could negatively impact many AI-related companies [5] Current Holdings - Bao Wuke's funds typically held long-term positions in companies with strong fundamentals and valuations, including major stocks like Midea Group, Haier Smart Home, Zijin Mining, China Mobile, and Tencent Holdings [4]