增聘副手=离任前兆？易方达元老基金经理冯波增聘三将，旗下基金近三年均跑输基准超35%

Group 1 - The core point of the news is the significant personnel adjustment at E Fund, marking the end of Feng Bo's era as the sole fund manager for key products [1][3] - Feng Bo's management scale was 12.472 billion yuan, overseeing two funds, and he had previously stepped down from managing two other funds in April [3][5] - The newly appointed fund managers are Guo Jie and He Chongkai for E Fund Competitive Advantage Enterprises, and Peng Ke for E Fund Research Selection [1][2] Group 2 - E Fund Competitive Advantage Enterprises has seen a decline of 54.02% since its inception in January 2021, with a total scale shrinking from 12.817 billion yuan to 6.655 billion yuan by the end of Q1 2025 [5][6] - E Fund Research Selection has also performed poorly, with a return of -22.84% during Feng Bo's tenure and a total decline of 23.17% since its establishment in February 2020 [7][8] - Both funds have consistently underperformed their benchmarks, with E Fund Competitive Advantage Enterprises lagging by 35.73% over the past three years [14] Group 3 - The adjustment is seen as part of a broader trend in the public fund industry, moving from "individual heroism" to "team collaboration" in fund management [12][14] - Analysts suggest that the hiring of additional fund managers is a common practice to enhance team capabilities and share workload, rather than an indication of Feng Bo's imminent departure [12][14] - The new regulations from the China Securities Regulatory Commission may tie fund manager compensation to long-term performance, potentially impacting Feng Bo's earnings due to the underperformance of his funds [14]