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Fund Manager Updates

1. Zhu Shaoxing newly joins Guangri Shares

Data on August 13 showed that Zhu Shaoxing’s Fuguo Tianhui appeared in the list of the top ten circulating shareholders of Guangri Shares, holding 10.01 million shares.

2.220 fund managers resigned, a 9-year high

This year, personnel changes in the mutual fund industry have been more frequent than in previous years. The number of fund managers leaving their positions has hit a nine-year high. Most of these people left their jobs soon after, and very few people transferred internally, which has also caused market concerns about a wave of unemployment among fund managers.

Judging from the overall number data of fund managers, the number of public fund managers in the industry still exceeds 3,600, which has not seen a significant decline compared with the beginning of the year, indicating that a large-scale wave of overall unemployment has not occurred.

Many industry insiders said that in the past two years, fund managers with poor performance have become a serious burden for public fund companies, the job stability of fund managers is declining, and the phenomenon of long-term poor-performing fund managers being persuaded to leave is also increasing.