兼职意愿不高 公募、专户基金经理兼职新规落地
Zhong Guo Jing Ji Wang·2025-12-29 07:10

Core Viewpoint - The new regulations allowing fund managers to hold dual roles as private account managers have seen limited uptake due to concerns over management capacity and fairness in investor treatment [1][2][3][4] Group 1: Current Developments - Several fund companies have recently appointed private account managers as public fund managers, following earlier appointments by firms like Huatai-PineBridge [1] - The willingness of fund managers to take on dual roles remains low, primarily due to the challenges of managing multiple funds and differing performance incentives [2][3] Group 2: Challenges and Concerns - Fund managers express concerns about the potential risks of dual roles, such as performance discrepancies between public and private accounts leading to unfair treatment of investors [3] - Institutional risks and the complexity of internal control systems are significant deterrents for many investment managers considering dual roles [2][3] Group 3: Regulatory Context and Objectives - The China Securities Investment Fund Industry Association issued guidelines in April 2023 to allow public fund managers to also serve as private asset management plan managers, aiming to enhance talent retention in the industry [4] - The guidelines are intended to prevent talent loss due to the "public to private" phenomenon and to improve the incentive mechanisms for fund managers [4]