广发基金刘格崧又卸任！他会离职吗？会被降薪吗？

Group 1 - Liu Gesong, a prominent fund manager at GF Fund, has resigned from managing the flagship product, GF Small Cap Growth Mixed Fund (LOF), after over eight years due to "work arrangements" [2][22] - This marks his second significant resignation in three months, having previously stepped down from managing GF Multi-Dimensional Emerging Stock Fund on September 10 [3][4] - Following these resignations, the number of products under Liu's management has decreased to four, with total assets under management dropping from 33.4 billion to approximately 27.5 billion [4][24] Group 2 - Liu's funds have shown a turnaround this year, with annual returns exceeding 30% for most of his managed funds, ranking in the top 40%-50% of their peers [6][24] - The GF Small Cap Growth Mixed Fund achieved a return of 41.53%, while the GF Multi-Dimensional Emerging Stock Fund recorded a return of 33.22% as of December 24 [25][24] - Liu was once a market superstar during the structural bull market from 2019 to 2020, with assets under management peaking over 80 billion [8][26] Group 3 - Liu's heavy investments in sectors like photovoltaic and battery technologies led to significant losses for his funds during the downturn from 2022 to 2024, resulting in hundreds of billions in losses for investors [9][10][28] - Despite the recent resignations, industry insiders indicate that Liu does not plan to leave the company, as he remains the Deputy General Manager and Co-Chief Investment Officer at GF Fund [11][29] - The company is transitioning from a "star-driven" model to a "platform-enabled" approach, aiming to pass on some products to younger fund managers [14][32] Group 4 - Liu faces potential salary reductions due to new regulatory guidelines that could impose a minimum 30% cut in performance pay for fund managers whose funds underperform their benchmarks by over 10 percentage points over three years [15][18] - The performance of Liu's remaining funds has been poor, with three funds showing negative returns compared to their benchmarks, placing him at risk of salary cuts [33][34] - Although Liu is not currently considering leaving, the threat of salary reduction looms over him as a significant concern [35]