Core Insights - The Shanghai Composite Index has reached the 4000-point mark for the first time in ten years, indicating a resurgence in market enthusiasm and a rise in the net value of many actively managed equity funds [1] - The "Double Ten" fund managers, defined as those with over ten years of management experience and an annualized return exceeding 10%, have proven to be resilient in various market conditions [1] Fund Manager Performance - The top ten "Double Ten" fund managers include notable figures from mid-sized fund companies, such as Jin Zicai from Caitong Fund and Mo Haibo from Wanji Fund, showcasing their strong performance over the years [1][2] - Jin Zicai's Caitong Value Momentum Fund and Mo Haibo's Wanji Quality Life Fund have demonstrated strong offensive capabilities during bull markets while maintaining a maximum drawdown of around 20% during market corrections, reflecting good risk management [2][3] Annualized Returns - The annualized returns for the top fund managers in 2025 show Caitong Value Momentum A at 63.10% and Wanji Quality Life A at 61.63%, indicating robust performance in the current year [3] - Historical performance data reveals significant fluctuations, with Caitong Value Momentum A achieving a return of 70.96% in 2019 and a decline of -23.09% in 2023, while Wanji Quality Life A had a peak return of 35.04% in 2021 [3] Long-Term Management - Zhu Shaoxing from Fortune Fund exemplifies long-term management, having managed the Fortune Tianhui Growth Mixed Fund since 2005, maintaining an annualized return of over 15% [4]

Core Insights - The article highlights the existence of only 42 fund managers, referred to as "Double Ten Fund Managers," who have achieved an annualized return of over 10% for more than 10 years, representing approximately 8% of the total 516 fund managers with over 10 years of performance data [3][4]. Group 1: Fund Manager Performance - Among the 42 "Double Ten Fund Managers," 37 are equity and stock fund managers, while 5 are flexible allocation fund managers [3]. - Notable fund managers include Liu Yuanhai from Dongwu Fund, with an annualized return of 15.14% since September 2011, and Xie Zhiyu from Xingzheng Global Fund, with an annualized return of 14.84% since December 2012 [4][6][7][8]. - The top five fund managers based on annualized returns include Liu Yuanhai, Xie Zhiyu, Zheng Xi from E Fund, Zhang Zhongwei from Invesco Great Wall Fund, and Qiao Haiying from Invesco Great Wall Fund [6][10]. Group 2: Fund Management Scale - As of the end of Q1 2025, there are 15 fund managers with a management scale exceeding 10 billion yuan, and 7 with over 20 billion yuan [4]. - Liu Yuanhai manages approximately 7.424 billion yuan, while Xie Zhiyu manages around 39.712 billion yuan, ranking them among the largest fund managers in the "Double Ten" category [7][8]. Group 3: Investment Strategies and Holdings - Liu Yuanhai focuses on technology growth stocks, emphasizing a selection strategy based on "good industry, good company, good price," with significant holdings in consumer electronics and automotive sectors [7]. - Xie Zhiyu's investment style is characterized by balanced allocation and long-term value discovery, with major holdings in technology sector leaders [8]. - Zheng Xi's portfolio includes major tech companies, with a focus on global technology trends and industry cycles [11].