天雷滚滚，基金经理“金饭碗”告急！哪些“顶流”基金经理可能要被降薪？

Core Viewpoint - The introduction of the new performance assessment guidelines for fund managers aims to tightly link their compensation to both relative and absolute performance, with a significant focus on ensuring that investors earn returns [3][4]. Group 1: New Regulations and Impact - The new guidelines stipulate that fund managers who underperform their benchmarks by more than 10% over three years and incur losses will face a salary reduction of at least 30% [3][4]. - Approximately 30% of active equity fund managers may hit the "30% salary reduction" threshold due to poor performance [5][10]. - The ultimate goal of the regulations is to align the interests of fund managers with those of investors, ensuring that investors genuinely profit from their investments [4]. Group 2: Performance Statistics - Data shows that nearly 60% of funds have failed to outperform their benchmarks over the past three years, with only 44% of the 3,794 funds analyzed achieving this [6]. - Among these, 1,394 funds have underperformed their benchmarks by over 10%, representing nearly 37% of the total sample [7]. - The analysis indicates that around 34% of funds not only underperformed but also had negative profit margins, failing to generate positive returns for investors [10]. Group 3: Notable Fund Managers and Cases - Several prominent fund managers, such as Lu Bin and Shi Cheng, have multiple funds that have triggered the salary reduction criteria, with all their managed products underperforming significantly [15][16]. - Lu Bin's funds have consistently underperformed, with all seven products managed by him failing to meet benchmarks over the past three years [16]. - Shi Cheng's strategy of heavily investing in a single sector (new energy) led to significant gains during a bull market but resulted in substantial losses as market conditions changed, highlighting the risks of concentrated investment strategies [21][22].