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Source: China Securities

Another "hundred-billion-dollar" fixed-income fund manager resigns from the public offering.

On August 23, ICBC Credit Suisse Fund Management Co., Ltd. announced that fund manager Zhang Luezhao had resigned from multiple products for personal reasons and had completed the cancellation procedures with the Fund Industry Association. After his resignation, Zhang Luezhao no longer has any fund products under management. Securities China reporter learned from an industry insider that Zhang Luezhao has resigned from ICBC Credit Suisse Fund Management Co., Ltd., and his specific destination has not yet been determined.

From the perspective of the past period, this is a microcosm of the flow of fund managers under the background of the rapid development of public fixed income. Previously, the fund industry has had cases of well-known fixed income fund managers such as Yan Peixian, Zhou Enyuan, and Wu Yinxi changing jobs. The flow of these fund managers is not only a personal development demand, but also reflects the strong desire of some fund companies to increase their fixed income business layout. The reporter found that based on the previous efforts, the bond fund size ranking of some active equity public fund companies has now surpassed the stock fund ranking.

Zhang Luezhao's management scale once exceeded 36 billion yuan

According to an announcement by ICBC Credit Suisse Fund Management on August 23, Zhang Luezhao resigned from the management of ICBC Ruifu One-Year Fixed-Term Pure Bond Fund, ICBC Kaiyuan Interest Rate Bond Fund, ICBC Zunli Medium-Short Bond Fund and other funds from August 22 due to personal reasons. After this resignation, Zhang Luezhao no longer has any fund products under management.