中庚基金陈涛近年收益率低于同类均值 去年大幅跑输

Group 1 - The article discusses the performance of funds managed by Chen Tao at Zhonggeng Fund, highlighting that both Zhonggeng Value Pioneer and Zhonggeng Small Cap Value have underperformed their respective benchmarks in 2025 [1][4] - In 2025, Zhonggeng Value Pioneer achieved a return of 10.33%, while its benchmark return was approximately 27.33%, resulting in a 17 percentage point underperformance [1] - Zhonggeng Small Cap Value recorded a return of 20.54% in 2025, compared to a benchmark return of about 24.83%, indicating a similar trend of underperformance [1] Group 2 - Chen Tao has been involved in securities research and investment management since July 2013, with previous roles at various financial institutions before joining Zhonggeng Fund in July 2018 [1] - Since taking over the management of Zhonggeng Value Pioneer on September 1, 2022, Chen Tao's performance has not shown significant improvement compared to his predecessor, Cao Qing [1] - The performance of Zhonggeng Value Pioneer under Chen Tao's management from 2023 to 2025 was -10.68%, -1.75%, and 10.33%, while the average returns of similar products were -11.57%, 3.91%, and 32.46%, respectively, indicating a notable lag [2] Group 3 - The annual reports for 2023 and 2024 show that Zhonggeng Value Pioneer did not meet its performance benchmark [4] - For Zhonggeng Small Cap Value, after Chen Tao took over management, the return was only 6.71% over 262 days, and subsequent management changes did not lead to improved performance [6] - In 2025, Zhonggeng Small Cap Value's return of 20.54% was significantly lower than the average return of similar products at 32.46% [8]