更值得注意的是，部分C类份额的表现远不及A类份额。以长城久鼎混合为例，其A类份额表现尚可，但C类份额（016059）任职年化回报则 为-36.3%。这种差异主要源于成立日期不同、规模不足千万以及持有人减少等多重因素。 长城基金权益投资老将、基金经理廖瀚博管理的产品业绩"冰火两重天"，被推至舆论的风口浪尖。尤其是部分产品业绩亏损幅度皆超20%， 管理规模在一年内急剧下滑，从2022年的近50亿元降至2025年的16.27亿元。这一现象不仅反映了个人投资风格的问题，也折射出公募基金 行业面临的转型挑战。 | 题翻譯管理过的基金一览 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 其金代码 | 基金名称 | 相关链接 | 真舍类型 | 规模(亿元) | 任职时间 | 任职天数 | 任賠回报 | | 019367 | 长城均衡成长混合A | 估值图 富翁吧 指案 | 混合型-揭股 | 0.34 | 2023-12-25~至今 | 1年又148天 | 14.62% | | 019368 | 长城均衡成 最合C | 估值图 嘉余吧 档 ...

Core Viewpoint - Great Wall Fund, a veteran fund company in China, faces significant challenges in its equity investment performance despite a public fund management scale exceeding 300 billion yuan as of Q1 2025, with equity products accounting for less than 8% of its total [1] Group 1: Company Performance - As of Q1 2025, Great Wall Fund's public fund management scale surpassed 300 billion yuan, but the combined scale of its stock and mixed funds was only 25.48 billion yuan [1] - The performance of funds managed by key executives Yang Jianhua and Liao Hanbo has drawn market scrutiny, with several funds significantly underperforming the industry average [1] - Yang Jianhua, a seasoned fund manager, has seen six out of eight products under his management yield negative returns, with a total loss of 96.67 million yuan in 2024 [2] Group 2: Investment Strategy and Challenges - Yang Jianhua's long-term focus on the liquor sector has led to poor performance, with core holdings like Kweichow Moutai and Wuliangye experiencing substantial declines, contributing to a cumulative loss of 2.7 billion yuan for the Great Wall Consumption 30 Stock A fund since its inception [3][4] - Market analysis indicates that Yang's over-reliance on traditional consumption stocks and failure to adjust during market shifts have been primary factors in the decline of fund performance [6] - Liao Hanbo's management style is characterized by high-frequency trading and misjudgment of sectors, leading to significant performance disparities among his funds [7] Group 3: Management Scale and Market Position - Liao Hanbo's management scale has drastically decreased from nearly 5 billion yuan in 2022 to 1.627 billion yuan in 2024, a decline of 67% [10] - The performance issues faced by Great Wall Fund's core executives reflect a disconnect between their equity investment capabilities and market dynamics, highlighting the urgent need for a transformation in their traditional investment research model [10]

（来源：金石杂谈） 转自：金石杂谈 5月19日，长城基金公募研总廖瀚博火了，一起看看他的投资成绩单。 长城基金廖瀚博，硕士研究生，2012年7月至2014年6月曾就职于长城证券，20114年7月至2015年10月曾就职于海通证券，2015年10月至2017年6月曾就职 于深圳鼎诺投资，这家因经营异常在2023年年初被协会注销。 2017年6月，他正式进军公募，成为长城基金一位研究员，此后做了基金经理助理，到了2018年3月正式成为基金经理。目前他的投资经验已有7年，也成 功升职为公司研究部总经理。 截至目前，廖总管理5只基金，但业绩确实喜忧参半，更确切的说业绩并不好，两款业绩最优异的产品，一只盈利90%，一只盈利75%，但均是2018年和 2019年的产品，而且盈利90%这只你看它的C产品成立三年亏了36%；而近4年来看，他除了2023年12月接管的一只基金盈利近15%，其他三款产品全部录 得约30%的任职亏损。 | 100 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 基金代码 | 基金名称 | 相关链接 | 基金类型 ...