顶流陨落，鹏华基金前副总王宗合突然病逝，一个时代的告别

Core Insights - The passing of Wang Zonghe, a prominent figure in the public fund industry, marks a significant loss for the sector, reflecting both the glory and harsh realities of the high-pressure role of fund managers [2] Group 1: Career Highlights - Wang Zonghe's career peak was on July 8, 2020, when his management of Penghua Craftsmanship Selected Mixed Fund attracted 137.1 billion yuan in a single day, setting a record for public fund subscriptions [3] - His investment strategy focused on long-term holdings in leading companies, particularly in the liquor sector, resulting in annualized returns exceeding 10% for products like Penghua Consumer Preferred and Pension Industry, earning multiple awards [3] Group 2: Challenges and Decline - Following a market correction in late 2021, Wang's performance faced significant pressure despite attempts to pivot towards sectors like new energy and pharmaceuticals, leading to continued declines in net value [5] - Health issues began affecting Wang from 2021, yet he continued to fulfill his duties until he gradually stepped down from managing 21 funds between February and April 2023, officially leaving his vice president role in February 2024 [5] Group 3: Legacy and Industry Reflection - After Wang's departure, his flagship funds were taken over by new managers, but they struggled to maintain performance, with the Penghua Craftsmanship Selected Fund's scale shrinking to 6.5 billion yuan and experiencing nearly a 30% loss since inception [6] - The situation highlights the vulnerability of the "star fund manager dependency" phenomenon, questioning the sustainability of products once the personal brand fades, emphasizing the need for robust research and investment systems [6] - Wang's investment philosophy of focusing on quality leaders and long-term holding will continue to serve as a guiding principle for future fund managers [7]