【环球网财经综合报道】近日，中信保诚基金发布公告称，中信保诚景气优选混合增聘王颖与江峰共同管理，中信保诚安鑫回报债券则增聘王颖、陈岚、江 峰三人共管。值得注意的是，8月下旬，江峰管理的中信保诚多策略灵活配置混合已增聘王颖与其共同管理。至此，江峰已无单独管理的基金产品。 江峰现任中信保诚权益投资部助理总监，其管理的中信保诚多策略混合以小盘股投资著称。Wind数据显示，截至9月17日，江峰自2020年4月14日管理该基 金以来，任职回报率达128.24%，年化回报16.40%，在同类基金中排名靠前。 此外，交银施罗德基金近期也出现类似情况。9月11日，刘鹏管理的交银施罗德均衡成长一年持有期混合、交银施罗德先进制造、交银施罗德启明分别增聘 徐嘉辰、郭若、周珊珊与其共同管理。至此，刘鹏也已无单独管理的基金。 据多位业内人士透露，江峰与刘鹏两人可能均有离职意向。 作为公募基金行业的核心人才，基金经理的变动一直备受关注。Wind数据显示，截至9月17日，年内离职的基金经理已达299人。同期，新上任的基金经理 达418人。 有业内人士表示，基金经理变动是公募行业发展的缩影，未来如何构建可持续的投研体系，将是各家公司在人才竞 ...

Core Viewpoint - The recent trend of high-performing funds implementing purchase limits reflects a shift from a scale-oriented approach to a focus on investor returns, aiming to optimize long-term investment performance while protecting existing investors' interests [1][4][6]. Group 1: Fund Purchase Limits - Multiple high-performing funds have announced purchase limits, including the招商成长量化选股, which reduced its maximum single purchase amount from 200,000 to 20,000 yuan within a month due to high demand, achieving a year-to-date return of 26.16% as of August 14 [2]. - 中欧数字经济混合 and 长信国防军工量化混合 also implemented limits, with year-to-date returns of 75.44% and 37% respectively, indicating a broader trend among funds to restrict large inflows [3]. - As of mid-August, 31 funds with over 50% year-to-date returns were fully closed to new investments, while 69 funds had suspended large purchases [3]. Group 2: Reasons for Purchase Limits - Industry experts suggest that the limits are primarily to protect existing investors from the adverse effects of new capital inflows, which could force fund managers to invest at high net asset values, potentially diluting returns [4][5]. - The shift in strategy is also influenced by the capacity constraints of small-cap funds, which can suffer from increased trading costs and reduced excess returns when inflows exceed optimal levels [4][5]. Group 3: Industry Transformation - The trend of limiting purchases signals a transformation in the fund industry from a focus on scale to prioritizing investor returns, as emphasized by recent regulatory guidance aimed at promoting long-term stable returns for investors [6]. - Fund companies are increasingly recognizing the importance of maintaining performance stability and strategy effectiveness, which can be compromised by rapid growth in fund size [5][6].