Group 1 - The core viewpoint of the article highlights a significant transformation in the public fund manager landscape, with a record number of managers exceeding 4000, and a notable shift towards younger managers with less experience [2][4][6] - The number of fund managers with less than three years of experience has reached 1491, accounting for over 36.61% of the total, indicating a rapid turnover and a shift in the industry's experience structure [4][5] - The emergence of younger fund managers is characterized by their ability to adapt quickly to market changes and their sensitivity to macroeconomic environments, which has led to impressive performance in the current market [5][10] Group 2 - In 2023, 362 new fund managers have been appointed, many of whom are taking on independent management roles, reflecting a trend towards a more dynamic and responsive investment management approach [5][6] - The performance of younger fund managers has been notable, with many achieving high returns; for instance, 45 funds have seen net value growth rates exceeding 100%, predominantly managed by those with less than five years of experience [7][10] - The article emphasizes that the investment strategies of younger managers differ from traditional approaches, favoring quick adjustments and responsiveness to market trends rather than a long-term hold strategy [10]

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]