长盛基金多只主动权益基金三年业绩跑输基准 数名基金经理薪资或下调

Core Viewpoint - The China Securities Investment Fund Industry Association has revised the "Performance Assessment Management Guidelines for Fund Management Companies (Draft for Comments)", proposing a tiered performance salary adjustment mechanism for active equity fund managers, which may lead to significant salary reductions for underperforming managers [1][4]. Group 1: Performance Assessment Guidelines - The guidelines require fund management companies to establish a tiered performance salary adjustment mechanism based on the past three years' performance benchmarks and fund profitability [1]. - Fund managers whose products underperform the benchmark by more than 10 percentage points and have negative profitability should see their performance salaries decrease by at least 30% [1]. - For those with underperformance exceeding 10 percentage points but positive profitability, their performance salaries should also decrease [1]. Group 2: Longsheng Fund Performance - Over 40% of Longsheng Fund's active equity funds have underperformed their benchmarks over the past three years, with several managers facing potential salary reductions [2]. - Specifically, 13 active equity funds managed by Longsheng have underperformed their benchmarks by at least 10 percentage points in the last three years [4]. - For instance, the Longsheng Electronic Information Theme Mixed Fund, managed by Zhu Lu, has a three-year return of -1.56%, lagging behind its benchmark by nearly 42 percentage points [4]. Group 3: Fund Manager Salary Implications - Fund managers of Longsheng's underperforming funds may face salary cuts of over 30% according to the new guidelines [4]. - Conversely, fund managers whose funds significantly exceed performance benchmarks and maintain positive profitability may see reasonable increases in their performance salaries [5]. - For example, the Longsheng Urbanization Theme Mixed Fund, managed by Dai Yi, has nearly doubled its returns, outperforming its benchmark by 83 percentage points over the past three years [5]. Group 4: Longsheng Fund Overview - Longsheng Fund, established on March 26, 1999, is one of the earliest fund management companies in China and was among the first to obtain national social security fund management qualifications [5]. - As of the end of Q3 this year, Longsheng manages a total of 970.48 billion yuan across 73 products, with a significant drop in its ranking among peers [5]. - The fund's asset allocation shows a predominance of bond funds (51%) and money market funds (35%), while equity funds only account for 13% of the total [5].