管理层变动频繁 自2023年以来，博时基金管理层调整较为密集。2023年11月，原总经理高阳转投天弘基金，董事长 江向阳临时代理总经理职务。2024年5月，张东正式接任总经理一职。 现任董事长江向阳2015年从证监会加盟博时基金，在其带领下，公司管理规模从2054亿元增长至 2022年峰值的1.08万亿元。江向阳主导的债券业务发展策略，帮助博时基金在固收领域确立了行业领先 地位。 作为1998年成立的"老五家"公募基金之一，博时基金目前管理398只基金产品。截至今年6月末，公 司管理总规模10867亿元，剔除货币基金后非货基管理规模6729亿元，行业排名第7。 博时基金在债券投资领域优势突出。截至6月末，其债基规模达4202亿元，在全行业排名第二，仅 次于易方达基金。今年推出的博时信用债ETF表现强劲，成立不到半年规模突破100亿元。 然而，受市场环境影响，部分产品也面临赎回压力。博时安悦短债基金在今年一季度遭遇显著赎 回，规模从年初的125.8亿元缩水至二季度末的70.59亿元。 【文/羽扇观金工作室】 近日，招商局集团发布人员公示，将博时基金现任总经理、党委副书记张东列为拟进一步使用人 选。据业内分析，按 ...

Core Viewpoint - The article discusses the recent challenges faced by Bosera Fund, including talent outflow, management changes, and the impact of compensation structures on employee retention [5][25][28]. Group 1: Fund Management and Performance - As of the end of Q2 2025, Bosera Fund manages 394 public funds with a total scale exceeding 1,085.7 billion yuan, ranking 7th in the industry for non-money market fund management [6][7]. - The non-money market fund scale increased by 29.842 billion yuan in Q2 2025, reflecting a growth rate of 5% [6][7]. - However, the overall asset scale slightly decreased from 1,091.628 billion yuan to 1,085.769 billion yuan in the first half of 2025 [6]. - The bond business, while previously strong, saw a reduction in overall scale by 29.065 billion yuan in the first half of 2025, despite a 10 billion yuan increase in Q2 [8][11]. - The performance of specific bond funds varied, with some like Bosera Credit Bond ETF gaining significant inflows, while others faced substantial redemptions due to market conditions [9][12]. Group 2: Talent Movement - Bosera Fund has experienced significant management turnover, with key positions such as general manager and financial director seeing changes [14][15]. - Notably, nine fund managers have left the company since 2024, including prominent figures like Sha Wei, whose funds underperformed prior to his departure [15][17]. - The outflow of talent is attributed to both personal career choices and the company's internal dynamics, with many former employees moving to leading competitors [19][24]. Group 3: Compensation and Governance - The recent controversy surrounding alleged leaked compensation data has highlighted the company's governance and employee satisfaction issues [5][28]. - Bosera Fund's compensation structure has been affected by regulatory changes aimed at aligning pay with long-term performance, which may have contributed to talent retention challenges [25][26]. - In contrast, competitors like China Universal Fund have implemented employee stock ownership plans to attract and retain talent, indicating a potential area for improvement for Bosera [27].