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Once upon a time, star fund managers were highly sought after in the fund market. Many fund managers were even chased like celebrities. However, recently there has been a phenomenon where star fund managers lost 100 million yuan on average every two days. Why are star fund managers no longer successful?

1. An average loss of 100 million in two days

According to the 21st Century Business Herald, the topic of "Ace fund managers lose 100 million yuan on average every two days" has once again put fund investment at the forefront of public opinion.

Public information shows that Liu Gesong has served as a fund manager in three fund companies, namely China Post Venture Capital Fund, Rongtong Fund and GF Fund, and the returns of the funds he managed have experienced many ups and downs.

During his tenure at Rongtong Fund, the Rongtong Leading Growth Mixed Fund, which Liu Gesong managed for the first time, encountered the "Internet +" wave at the time. From the end of 2014 to the first half of 2015, the net value soared by nearly 200%; but starting from the second half of 2015, the net value of the fund fell by more than 50% within a year.

In addition, the two funds, Rongtong Internet Media and Rongtong New Regional New Economy, issued by Liu Gesong in April and May 2015, lost 43.5% and 49.5% respectively during his tenure, almost halving.