基金经理薪酬大变革：业绩定“钱途”，不赚钱就降！谁还能逆袭涨薪？

Group 1 - The core viewpoint of the news is the comprehensive restructuring of the compensation system in the fund industry, focusing on long-term performance, as outlined in the revised guidelines by the Asset Management Association of China [1] - The revised guidelines state that the performance assessment for fund managers will heavily depend on long-term results, with at least 80% of the performance weight based on results over three years [1] - Specific performance criteria are established: if a fund's performance lags the benchmark by more than 10% with negative returns, the performance pay will decrease by at least 30%; if the performance is below the benchmark but with positive returns, pay will still decrease; and only significant outperformance with positive returns will lead to pay increases [1] Group 2 - As of December 6, among the 1163 actively managed equity funds with over three years of management, 387 funds (23.96%) underperformed their benchmarks and had negative returns, which would result in a pay cut of at least 30% for their managers according to the new guidelines [1] - Conversely, 668 funds (41.36%) generated profits and outperformed the market, qualifying their managers for potential pay increases [1] - A list of fund managers most likely to receive pay increases includes those managing funds with over 100% excess returns and positive net value growth over the past three years, such as Gu Huofeng and Liu Yuanmu, with their respective funds showing excess returns of 241.22% and 236.94% [2]