大变革！近千名基金经理面临“降薪危机”

Core Viewpoint - The public fund industry is set to undergo significant changes, with fund managers facing potential salary reductions due to poor performance as outlined in the draft "Guidelines for Performance Assessment and Salary Management of Fund Management Companies" [1][2][3] Group 1: Guidelines Overview - The new guidelines focus on long-term incentives and binding the interests of fund companies with fund shareholders, particularly emphasizing performance assessments for active equity fund managers [1][3] - The guidelines require fund management companies to strengthen salary budget management and link salary changes to fund investment returns and company performance [4] - A comprehensive performance assessment system centered on fund investment returns is mandated, with at least 80% weight on long-term indicators over three years [4] Group 2: Salary Structure and Performance Assessment - The guidelines introduce a tiered salary adjustment mechanism for active equity fund managers, where those underperforming by more than 10% against benchmarks and with negative profit margins face salary cuts of at least 30% [5][7] - Fund managers are required to invest a portion of their performance-based salary back into the funds they manage, with specific thresholds set for different roles [5][6] - The guidelines specify differentiated assessment methods for various roles, ensuring that performance metrics are tailored to the responsibilities of each position [4][5] Group 3: Industry Impact and Expectations - The implementation of the guidelines is expected to shift the focus of the public fund industry towards prioritizing investor interests, marking a new phase of high-quality development [2][10] - The guidelines aim to address the issue of funds generating profits while investors do not, by deeply binding the interests of fund managers and investors [11] - The industry anticipates a more rigorous assessment environment for fund managers, potentially leading to a talent shift towards private equity for top-performing managers [9][11]