Core Insights - The article discusses a unique subset of fund managers in the public fund industry who manage only one fund throughout their careers, highlighting the rarity of such "dedicated" managers [2][6]. Group 1: Fund Manager Statistics - A total of 46 fund managers meet the criteria of managing a single active equity fund for over three years, with only four managers exceeding a scale of 10 billion yuan [2][4]. - The four fund managers with assets over 10 billion yuan are: Zhu Shaoxing from Fuquan Fund (24.15 billion yuan), Fu Pengbo from Ruiyuan Fund (23.629 billion yuan), Zhao Yi from Quanguo Fund (19.069 billion yuan), and Zhao Feng from Ruiyuan Fund (12.441 billion yuan) [3][5]. - The top four fund managers collectively manage approximately 70% of the total assets of the 46 managers, indicating a trend of capital concentration towards top brands and well-known managers [5]. Group 2: Management Scale Distribution - The management scale distribution among the 46 fund managers shows a pyramid structure, with only two managers exceeding 20 billion yuan and a significant drop in scale below this threshold [4][5]. - Most fund managers have a management scale below 5 billion yuan, with 31 out of 46 managers (67%) managing less than 1 billion yuan [5]. Group 3: Longevity and Performance - Among the 46 fund managers, only five have managed the same fund for over ten years, including Zhu Shaoxing and others [6]. - Some long-term managers have not seen significant growth in their fund sizes, which may be attributed to various factors such as investment style stability and market dynamics [6][8]. Group 4: Investment Strategies and Market Trends - The article notes that some fund managers, despite not being long-term managers, have seen significant growth due to alignment with recent market trends, such as Chi Chen Sen from Anxin Fund [7]. - The reasons behind a fund manager's decision to manage a single fund can be complex, including investment strategy uniqueness and the desire to maintain strategy purity [8][10]. Group 5: Industry Perspectives - There are differing opinions within the industry regarding the phenomenon of fund managers managing only one fund, with some viewing it as a sign of extreme focus and others as a form of risky betting [9][10]. - The article suggests that this "single fund" approach may reflect a strategic choice by fund companies to create benchmark products or a deliberate decision by managers to control the scale of their funds [10].