翟相栋50.26%收益领跑百亿权益基金自购榜，萧楠自购易方达消费行业股票超百万份，近一年收益-1.67%

Group 1 - The core observation from the 2024 fund annual report indicates that over half of fund managers do not hold shares in their own funds, with only 7% holding over one million shares, highlighting a significant disparity in self-purchase behavior across fund types and companies [1][2] - Mixed funds are the primary drivers of self-purchase activity, boasting a self-purchase rate of 57.03%, which is significantly higher than that of equity and bond funds [1][2] - Alternative investment funds lead with a self-purchase rate of 60.87%, while convertible bond funds also show a strong self-purchase rate of 56.82%, indicating a deep commitment from fund managers to niche products [2] Group 2 - Among fund companies, Southern Fund ranks first with a self-purchase rate of 51.72%, followed by E Fund at 48.05%, which has the highest number of funds with over one million self-purchases [2] - In contrast, Huaxia Fund shows a stark difference with only 18.06% self-purchase rate and just 24 out of 454 funds achieving over one million self-purchases, indicating a lack of confidence compared to industry leaders [2] - Notable fund managers such as Zhang Kun, Xie Zhiyu, Zhao Yi, and Liu Xu hold over one million shares in their own funds, reflecting a strong alignment with their fund performance [2][4] Group 3 - Zhang Kun, managing over 60.8 billion yuan, demonstrates commitment to value investing despite his funds' returns being below the industry average, with both his funds achieving over one million self-purchases [4] - Xie Zhiyu showcases confidence through self-purchases in two funds that have performed well, with returns of 31.07% and 17.39% respectively, further emphasizing the trend of self-purchase among top managers [4] - The "three-year lock-up" strategy is exemplified by fund managers Zhao Feng and Zhao Yi, who have linked their self-purchases to long-term investment principles, achieving returns of 20.02% and 19.40% respectively [5] Group 4 - The phenomenon of over 54% of fund managers opting for zero self-purchases contrasts sharply with the trend among top managers who hold over one million shares, indicating a shift towards a "risk-sharing contract" model [5] - Large self-purchases create a mechanism that binds the interests of fund managers and investors, effectively establishing a trust signal in a market characterized by diminishing returns [5]