“百亿”基金经理，重回百位！这次有何不一样？

Core Insights - The number of active equity fund managers managing over 10 billion yuan has surpassed 110, marking a recovery after a decline [1][2] - New fund managers are emerging in technology, value dividends, and quantitative strategies, reflecting a shift from traditional sectors to technology innovation and safety margins [1][6] Group 1: Fund Manager Statistics - In Q1 2022, there were 151 fund managers, peaking at 163 in Q2 2022, with an average management scale exceeding 20 billion yuan [2] - By the end of 2023, the number of fund managers had decreased to 106, dropping below 100 in Q1 2024, and reaching approximately 114 as of now, with an average management scale of 17.47 billion yuan [2][4] Group 2: Types of Fund Managers - Three categories of fund managers are identified: 1. Established managers with declining scales but still managing hundreds of billions, such as Zhang Kun with over 55 billion yuan [4][10] 2. Managers whose scales have consistently grown, like Lan Xiaokang, who has approached 25 billion yuan [5][11] 3. New managers who have recently crossed the 10 billion yuan threshold, such as Ren Jie, whose scale increased from 1.166 billion yuan to nearly 13 billion yuan [5][12] Group 3: Market Trends and Performance - The emergence of new fund managers is linked to strong performance in technology and other high-growth sectors, with over 50% of new managers focusing on technology [6][7] - The average returns of related funds have significantly outperformed the A-share index, with returns of -5.14%, 10.66%, and 47.23% over the past three years [7][9] Group 4: Investor Behavior - Investors are increasingly favoring fund managers with stable performance and clear investment styles, moving away from the previous trend of chasing star managers [9] - The current environment encourages fund managers to adhere to investment research principles and maintain a strong commitment to performance benchmarks [8][9]