中国经济网北京8月5日讯 今日，广发基金发布关于广发瑞轩三个月定期开放混合型发起式证券投资基金 基金合同终止及剩余财产分配的公告。 公告称，广发瑞轩三个月定期开放混合型发起式证券投资基金（基金代码：010628，以下简称"本基 金"）因开放期届满之日的基金资产净值低于5000万元人民币，触发了《基金合同》约定的终止情形，广发基 金管理有限公司（以下简称"本公司"）经与基金托管人上海银行股份有限公司协商一致后决定依法对本基金 财产进行清算并终止《基金合同》，该事项无须召开基金份额持有人大会进行表决。 来源：公告 天天基金网数据显示，广发瑞轩三个月定开混合成立于2021年2月3日，截至2024年11月28日最后一次披 露净值日，其累计单位净值0.5434元，累计收益率为-45.66%。 目前，段涛仍然管理着5只基金，从任职回报看，除了广发医药创新混合与广发利鑫灵活配置混合A跑赢 同类均值水平外，其余基金的业绩并不理想。尤其是在2021年8月30日成立的广发盛锦混合，其A/C的最新任 职回报在管理不到4年后亏损幅度高达42%和43%，远远跑输同类均值的-11.58%。 广发瑞轩三个月定开混合阶段涨幅明细 基金经理变 ...

中国经济网北京8月5日讯 今日，广发基金发布关于广发瑞轩三个月定期开放混合型发起式证券投资基 金基金合同终止及剩余财产分配的公告。 基金经理变动一览 该基金先后经理苗宇与段涛；段涛与罗洋的接力式组合管理，但两次组合全部以亏损告终，最终令广发 瑞轩三个月定开混合的规模从成立时的10.10亿元，缩水至二次清算时的1,081,848.47元。 目前，段涛仍然管理着5只基金，从任职回报看，除了广发医药创新混合与广发利鑫灵活配置混合A跑 赢同类均值水平外，其余基金的业绩并不理想。尤其是在2021年8月30日成立的广发盛锦混合，其A/C 的最新任职回报在管理不到4年后亏损幅度高达42%和43%，远远跑输同类均值的-11.58%。 另一位基金经理罗洋目前管理着3只基金，其中的广发安宏回报混合A/C/E在管理3年后的任职回报亏损 27%，远超-0.98%的同类均值水平。 段涛在管基金一览 罗洋在管基金一览 | 基金名称 | 真金类型 起始时间 | | 截止时间 任职天数 | 任职回报 | 同类平均 | | --- | --- | --- | --- | --- | --- | | 起式A | 广发品质优选混合发 混合型-偏股 ...

Core Viewpoint - The launch of the floating fee rate fund, Guangfa Value Steady Mixed Fund (024448), is seen as a significant step in aligning fund manager incentives with investor returns, but the effectiveness of this new fee structure remains to be tested in the market [2][12]. Fund Structure and Management - Guangfa Value Steady Mixed Fund adopts a dual fee structure of "base management fee + performance fee," where the management fee is set at 1.5% if annualized excess returns exceed 6%, and reduced to 0.6% if excess returns are negative and below -3% [2][12]. - Wang Mingxu, the proposed fund manager, has a mixed track record, with some funds significantly underperforming their benchmarks [3][11]. Performance Analysis - Wang Mingxu currently manages over 10 billion yuan across seven products, with notable performance discrepancies; for instance, Guangfa Balanced Preferred Mixed Fund (010379) has returned -3.4% since his appointment, lagging its benchmark by 6.3 percentage points [3][11]. - Over the past three years, more than 60% of Guangfa's actively managed equity products have underperformed their benchmarks by over 10 percentage points, raising concerns about the alignment of management compensation with investor returns [11][12]. Employee Compensation and Shareholding - Guangfa Fund's employee shareholding platform has distributed nearly 600 million yuan in dividends over the past five years, with significant amounts going to top executives, highlighting a disparity between management income and investor returns [5][8]. - The shareholding structure includes several high-ranking executives, indicating a strong financial incentive tied to the fund's performance, yet the actual returns for investors have been disappointing [6][12]. Regulatory Context - The floating fee rate initiative is part of a broader regulatory push to reform the public fund industry, aiming to better align fund company revenues with investor returns and establish a performance-based incentive system [2][12]. - The regulatory framework emphasizes the need for fund managers to be held accountable for long-term performance, with penalties for those consistently underperforming [12].