Core Viewpoint - The article discusses the recent management changes at E Fund, highlighting the trend of star fund managers stepping down from executive roles to focus on investment management, with Zhang Kun being a prominent example [1][2][3]. Group 1: Management Changes - On May 16, E Fund announced that Zhang Kun would no longer serve as Deputy General Manager and would concentrate on investment management, continuing his role as a fund manager [1]. - This follows a previous adjustment in the management team where other star fund managers, Chen Hao and Xiao Nan, also stepped down from executive positions to focus on investment [2][3]. - The trend indicates a shift in the industry where many fund managers are opting to relinquish management duties to dedicate more time to fund management [4]. Group 2: Zhang Kun's Investment Philosophy - Zhang Kun has been with E Fund since graduating from Tsinghua University in 2008, focusing on deep research and value discovery to achieve long-term stable excess returns [7]. - His investment style emphasizes high-quality value, prioritizing companies with strong competitive advantages and sustainable growth, while maintaining a focus on safety margins [7][8]. - Zhang Kun's commitment to long-term investments is evident in his portfolio, where he has consistently held stocks with strong fundamentals over multiple quarters [8]. Group 3: Performance Metrics - As of March 31, 2025, Zhang Kun managed a total fund size of 608 billion yuan, making him the largest active equity fund manager in China [1]. - His cumulative return since becoming a fund manager in September 2012 is 298.80%, with an annualized return of 11.69%, significantly outperforming the CSI 300 Index during the same period [9]. - Specific funds managed by Zhang Kun, such as E Fund Quality Selection Mixed and E Fund Asian Selection Stock, have shown cumulative returns of 425.50% and 374.40%, respectively, since his tenure, far exceeding their respective benchmarks [9].
张坤卸任易方达副总
21世纪经济报道·2025-05-16 14:49