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Star fund managers have poor performance but are still paid tens of millions of yuan. This has instantly ignited investors' discontent amid rumors of salary cuts in the financial industry, salary caps and even salary cuts for fund managers. In a discussion forum on a certain platform, some related posts have thousands of comments.

One commenter said in a comment, "Only those who make money are qualified to receive money", but some investors also believe that "if you think you can only make money and not lose money, you should not buy funds."

Over the past three years, investor dissatisfaction has been accumulating amid the continued expansion of fund losses. The idea that “the entire market is bad” is no longer accepted. This has led to public opinion that fund managers’ salaries are inconsistent with their performance, with investors questioning whether their abilities are worthy of high salaries. Therefore, once relevant “small essays” are published, they can quickly trigger investor emotions.

In the eyes of industry insiders, some irrational discussions or venting are the externalization of investors' anger. Today, the public offering industry is suffering from the backlash of previous high-priced issuance, traffic out of the circle, star-making and other phenomena, coupled with the catalysis of various unfounded "small essays", the industry is actually in a crisis of trust.

High pay and low performance

Xiao Bei (pseudonym) is an investor who "accuses" fund managers of high salaries online. He told China Business News that the salary of fund managers circulating on the Internet may not be true, but the reason he participated in the discussion was that "I can accept losses, but I cannot accept that they make huge profits while suffering huge losses. I always feel it is unreasonable."

"The fund manager's bonus should be linked to performance and scale. Each company will have a calculation formula based on the assessment requirements. Some people calculate according to the ratio they come up with. The numbers are eye-catching enough, but they also deepen people's misunderstanding of the financial industry." said a financial person in North China who did not want to be named.