智通财经记者 | 韩理 基金公司股权激励又有新动向。 公募大佬陈光明旗下的睿远基金再次进行了股权激励。公告显示，公司注册资本由人民币1亿元增加至人民币1.0495亿元。其中，公司现有股东上海盈远企 业管理中心（有限合伙）、上海洵远企业管理中心（有限合伙）、上海怡远企业管理中心（有限合伙）、上海湛远企业管理中心（有限合伙）、上海瑛远企 业管理中心（有限合伙）以现金出资方式向公司增资合计人民币495万元。公告同时也表示，目前这一增资事项已完成，公司股东不变，上述新增注册资本 均已实缴。 值得注意的是，此次睿远基金的增资与其他公募不同，并非是为公司"输血"，而是通过员工持股平台让员工增持，更类似对员工的股权激励。这一次是睿远 基金进行了第四轮股权激励，那么此次到底又新增了哪些人？ 智通财经从天眼查梳理发现，在2025年11-12月中，上述提及的几个有限合伙公司，均有变化。 | 员工持股平台 | 姓名 | 金额(万元) | 变化 | | --- | --- | --- | --- | | 上海淘远企业管理中心（有 | 重春峰 | 70 | 新进 | | 限合伙） | 刘都 | 10 | 增加 | | 上海瑛远企业管理 ...

Core Viewpoint - Ruiyuan Fund's equity product scale has been declining for nine consecutive quarters, with a total of 29.199 billion units as of the end of Q2 2025, reflecting a decrease of 5.20 million units or 1.75% from the previous quarter [1] Group 1: Fund Performance - The decline in fund size is primarily attributed to poor performance, with Ruiyuan Growth Value's three-year return at -18.07%, underperforming its benchmark by 26.7 percentage points [2] - However, Ruiyuan Growth Value has shown improvement in 2025, with a year-to-date return of 15.56%, outperforming its benchmark by 10.15 percentage points [2] - Other funds like Ruiyuan Balanced Value and Ruiyuan Steady Allocation have slightly better performance, with three-year returns of 1.95% and 15.09%, respectively [2] - Ruiyuan Steady Allocation has also seen a continuous decline in size for seven consecutive quarters, with its size dropping from 108.29 billion units to 45.85 billion units [2] Group 2: Fund Manager Ownership - The current fund managers of Ruiyuan's products hold equity in the fund, with Fu Pengbo holding 12% and Zhao Feng holding 4.99% [3] - Other fund managers, except Zhang Jialu, also have stakes in Ruiyuan Fund, which may influence their compensation structure [5] Group 3: Market Comparison - In contrast to Ruiyuan Fund, Yongying Fund has achieved positive growth in its active equity business for at least two consecutive quarters, with a scale of 46.861 billion units as of Q2, reflecting a 5.60% increase [6] - The overall market for active equity public funds has shown signs of recovery, with a total scale of 3.74 trillion units at the end of Q1, increasing by 566 billion units [6] Group 4: Product Development - Ruiyuan Fund is working on improving its product layout, having received approval for its QDII qualification and a $5 million investment quota [7] - However, there have been no recent developments regarding index products, particularly ETFs [7]