知名基金经理相继卸任高管，背后有何深意？

Core Viewpoint - Public fund managers are accelerating the trend of "de-executivization," focusing more on investment management rather than administrative roles [1][4]. Group 1: Executive Changes in Fund Management - E Fund has seen significant executive changes, with four core fund managers resigning from their vice president roles to concentrate on investment management [2][4]. - Zhang Qinghua, a long-time investment manager, has a managed fund scale of 47.938 billion yuan, with a notable return rate of 266.78% for his fund [2][3]. - Other notable fund managers, such as Zhang Kun, Chen Hao, and Xiao Nan, have also stepped down from executive positions to focus on their investment roles, with managed fund scales exceeding 200 billion yuan for some [3][4]. Group 2: Industry Trends - The trend of "performance leads to promotion" in the public fund industry is shifting, with many fund managers opting to return to their investment roots due to the dual pressures of executive responsibilities and investment performance [4][7]. - Regulatory bodies, such as the China Securities Regulatory Commission, are encouraging fund companies to strengthen their core investment research capabilities, promoting a more integrated and team-based investment management approach [7].