年薪百万的基金经理，越来越难了？

Core Viewpoint - The recent call by fund manager Cai Zhen for reducing the number of managed products reflects the challenges and transformations within the public fund industry, particularly in light of new regulations that will significantly reshape performance benchmarks and link them to manager compensation [1][4][15]. Group 1: Industry Challenges - Cai Zhen's statement highlights the pressure fund managers face due to managing multiple products, with his current management load reaching nearly 20 funds and a total management scale of 13.599 billion [4][9]. - The phenomenon of "one manager handling multiple funds" is prevalent, with approximately 290 fund managers managing over 10 main code funds each, indicating a systemic issue in the industry [9][10]. - The focus on scale over quality has led to a situation where fund managers are stretched thin, potentially harming long-term returns for investors [9][11]. Group 2: Regulatory Changes - New regulations set to take effect will bind fund performance directly to manager compensation, aiming to shift the industry focus from scale to investor interests [15][16]. - The new rules will penalize fund managers whose long-term performance significantly lags behind benchmarks, promoting a more sustainable investment approach [16][17]. - The shift from a scale-driven model to one that prioritizes returns is expected to challenge both fund managers and companies, necessitating a reevaluation of resource allocation and investment strategies [16][17].