Core Viewpoint - The recent trend of hiring additional fund managers in the public fund industry is seen as a dynamic optimization of teams rather than a signal of impending departures of existing managers [1][4][5] Group 1: Hiring Trends - As of July 7, over 710 public fund products have hired additional fund managers this year, with nearly 900 related announcements [1][3] - The hiring trend includes well-known fund managers, indicating a shift towards a collaborative management model [3][4] - More than 25% of funds are now adopting a co-management model, reflecting a significant industry transformation [5][6] Group 2: Team Optimization - The core logic behind hiring additional managers is to optimize team capabilities, allowing for mentorship and shared responsibilities [4][5] - The trend is driven by the need to manage larger fund sizes effectively, where a single manager may struggle to adjust holdings [4][5] - The industry is moving away from reliance on "star fund managers" towards a more team-oriented approach, supported by regulatory guidance [5][6] Group 3: Rise of New Generation Managers - The number of fund managers with less than three years of experience has increased significantly, with over 1,500 new generation managers now in the industry [6][7] - Many top-performing funds this year have managers with less than three years of tenure, showcasing the emergence of new talent [2][7] - New generation managers are perceived to be more adaptable and innovative, although their performance sustainability requires further observation [2][7]