Group 1 - The core viewpoint of the article highlights the underperformance of public funds managed by Guotou Ruijin, particularly focusing on the poor results of star fund manager Shi Cheng, who has significantly lagged behind in returns despite a bullish market in 2025 [2][3] - Shi Cheng's fund management strategy involved a substantial overhaul of the portfolio, with half of the top holdings replaced, including major players in the semiconductor sector, but the overall performance has been disappointing, with only two funds achieving over 10% returns [4][5] - Comparatively, other fund managers within Guotou Ruijin, such as Qi Fupeng and Sang Jun, also exhibited lackluster performance, with their managed products failing to achieve significant returns, indicating a broader issue within the active equity team [6][7] Group 2 - Shi Cheng's recent portfolio adjustments included high-profile stocks like SMIC and Huichuan Technology, but many of the new additions have not performed well, with some stocks like Cambrian still in decline [4][5] - Qi Fupeng's management of multiple funds has resulted in subpar performance, with the best-performing fund yielding less than 7%, and a significant portion of his top holdings experiencing declines [7][8] - Sang Jun's management has also been ineffective, with one fund not even achieving positive returns, and the overall equity portion of his funds being minimal, raising questions about the efficiency of having multiple managers [9][10]
施成业绩凋零难堪大任，国投瑞银权益投资捧谁做旗帜？
Sou Hu Cai Jing·2025-07-31 05:17