博时基金的人才与薪酬

Core Viewpoint - The article discusses the recent challenges faced by Bosera Fund, including talent outflow, management changes, and the impact of compensation structures on employee retention [5][25][28]. Group 1: Fund Management and Performance - As of the end of Q2 2025, Bosera Fund manages 394 public funds with a total scale exceeding 1,085.7 billion yuan, ranking 7th in the industry for non-money market fund management [6][7]. - The non-money market fund scale increased by 29.842 billion yuan in Q2 2025, reflecting a growth rate of 5% [6][7]. - However, the overall asset scale slightly decreased from 1,091.628 billion yuan to 1,085.769 billion yuan in the first half of 2025 [6]. - The bond business, while previously strong, saw a reduction in overall scale by 29.065 billion yuan in the first half of 2025, despite a 10 billion yuan increase in Q2 [8][11]. - The performance of specific bond funds varied, with some like Bosera Credit Bond ETF gaining significant inflows, while others faced substantial redemptions due to market conditions [9][12]. Group 2: Talent Movement - Bosera Fund has experienced significant management turnover, with key positions such as general manager and financial director seeing changes [14][15]. - Notably, nine fund managers have left the company since 2024, including prominent figures like Sha Wei, whose funds underperformed prior to his departure [15][17]. - The outflow of talent is attributed to both personal career choices and the company's internal dynamics, with many former employees moving to leading competitors [19][24]. Group 3: Compensation and Governance - The recent controversy surrounding alleged leaked compensation data has highlighted the company's governance and employee satisfaction issues [5][28]. - Bosera Fund's compensation structure has been affected by regulatory changes aimed at aligning pay with long-term performance, which may have contributed to talent retention challenges [25][26]. - In contrast, competitors like China Universal Fund have implemented employee stock ownership plans to attract and retain talent, indicating a potential area for improvement for Bosera [27].