He who laughs last, laughs best.

hold three years Dacheng Fund of Chongqing Brewery explains the true meaning of this phrase again in the capital markets, fund managers for many years carnival floating surplus, the final ten consecutive limit down to ashes.

here is not to say the all floating earnings are such as Chongqing Brewery as the lower limit of 10 to play with investors, bungee jumping, but to illustrate a truth: floating surplus Fukui is just a prelude to achieve profits or losses, the most critical is the fund manager whether the smile to leave rather than flesh to leave.

from the changes in NAV, just past 2011, the product across the board loss of equity fund managers, fund of fixed-income part of the loss, where the loss was largely Fukui. If you do not take into account the surplus of Fukui or floating, the situation is not the same for the simple reason, the part of the floating profit and Fukui transactions are not completed, the market variables, whether we can make money now no one can judge.

along this line of thought, the “Investors” research data to build the fund managers make money list “system, which is our fourth time to use this method to examine the fund manager’s investment management capabilities, a few years ago. fund managers make money tally of winners, most of them have shown a strong investment performance.

fund managers make money list in 2011

total statistics of 623 fund managers in the 2011 market downturn, the whole flesh leave to sell the stock loss of 93 billion yuan, accounting for the end of 2011 4% of the total amount of the Fund’s total production. 143 fund managers to make money, the rest of the losses (the article refers to the money means to achieve revenue).

The total list of

Interpretation:

623 fund managers deficit of 93 billion yuan

earn money in his pocket is the money, enduring words of the investment circles, no matter which style of fund managers, are the same in front of this truth, because it will erase the complex investment process, and ultimately to answer a simple way to judge the ability of fund managers and market influence.

For this, each fund manager in one end of the year, the need to own the books open, to see the products in 2011 funds managed by how much money really has pocket, how much is still hanging in the air ( This article earned pocket money are announced in the funds quarterly net Profit for the period deduction of the current changes in fair values ​​”).

“investors” research data based on raw data of the Wind Information and Statistics, 2011 623 fund managers a total loss of 93 billion yuan. And the preceding year 2011 annual fund managers lose money more than money, the majority of fund managers in the decadent state of the market flesh fled. And the contrast of the previous year, the 2010 market also fell (down 14%), but the money amounted to 2010, the fund managers to achieve a total of 109 billion yuan.

However, during the 2011 market decline, many fund managers are still determined to sell to achieve profitability. 623 fund managers, investment transactions with a total of 143 fund managers are making money, earned a total of 18.2 billion yuan, accounting for 23% of the total number of fund managers.

in the money fund managers, the key management of partial shares of a fund manager 44, accounting for partial shares of the Fund’s 10% fixed income fund manager 99. The main money market type fund managers, managing bond fund manager is losing money selling investment products.

in 2011

fund managers make money list first Guotai Deng Shifeng, the fund manager manages two funds, respectively, is the location advantages of the Cathay Pacific, Cathay Pacific TIS value selected, the two funds in addition to in the third quarter lose money, the remaining three quarters of all money, earned a total of 870 million yuan (Deng Shifeng interview see C07).

last year the most profitable fund manager 10 8 2010 100 (2010 a total of 522 fund managers participating); money up to a total of 10 fund managers are: Cathay Dengshi Feng, China Yawei Yinhua Lu Wenjun, Southern Sun Lu Min, Bo Deng Xiaofeng, GF Wilson Fung, Huan China Sea Franklin Guo-Qing Zhu, China YANG Chang truss, comprehensive and Qu Bo, an average earned 631 million yuan in 2011.

the top 10 in China’s fund companies accounted for four seats compared with the previous year increased by one. Four most worthy of that, of course, is Yawei, and he not only net increase in fund units for many years among the same kind of the forefront, and in four of the “investor” named “fund managers make money list are in the top 20 list, the 2010 and 2011, annual average for the second.

The first two of the remaining three in

Management China Global Select Yang Chang truss, well, the two co-managed the product in 2011 earned a total of 1.064 billion yuan, an average per person for investors earned 532 million yuan, tied for total list 8, 2010, the two fund managers tied at 30.

management now Jinzeng Li China’s Qu Bo is

another, the total in 2011 to make money a total of 477 million yuan, among the total list of 10 the previous year to 155; China now Jinzeng Li currency market funds, total assets under management of 9.1 billion yuan, the money market fund yield is generally higher in 2011, the Fund also received a 3.77% yield.

As the market fell sharply in 2011, the affected was undoubtedly the largest index fund in 2010, which is quite a bit similar. In 2011 earning championship countdown two are index fund managers, they are Fang Jun of China Fund (Management of China’s small and medium-sized plate of ETF China on the card 50ETF, China CSI 300, the total loss of the 29.68 Lin Fei (million) and easy Fonda management easy Fonda Shenzhen 100 ETF, easy to square up on the card 50, the total compensation to 2.426 billion yuan).

money-losing up to 10 fund managers include Post & Capital Wang Liping, long Sheng Wangning, Chinese businessmen QUARTERLY, Bo when Lipei Gang, the Yinhua Chenxiu Feng, GF Chen Shide, China Post entrepreneurial Tam Chun-yuan, and the JP Morgan Wang Xiaode.

in the back of qualifying, the fund manager of the China Post for many years into the curse of the money-losing flesh. In 2011, Wang Liping and Tan Chun Yuan flesh to sell stock in the mail the core of the former management preferred to lose to go to 2.2 billion yuan, the latter managed in the Post Core Growth lose 16.74 billion yuan, Sheng Jun, a former fund manager for the Post Core Growth in the investment who reported that “money championship three times in a row among the countdown to lose to go in 2010 of $ 8.8 billion.

equity list: nine lose an earned

2011 the market did not like most fund managers is expected as some rebound like a gentile, the first half of most fund managers are very hard to not only failed to profit taking off the bag for the security, on the contrary, is constantly Masukura hold The shares to be up, the fund managers’ ability to determine the buying and selling stocks in this market, and more test.

“investors” Data Research Department of Statistics, a total of 263 fund managers to ordinary equity funds (excluding index funds, Fund Classification Standard Classification according to Wind, the same below), in 2011, their overall loss of 56.1 billion yuan, The average each fund manager to a loss of 213 million yuan.

which the fund manager to make money, a total of 25, the rest of the fund managers lose money; money totaling more than $ 100 million fund manager has achieved a total of 13 money-losing more than 1 billion yuan 9.

common stock funds

management to make money of the top 10 fund managers in turn Yinhua Lu Wenjun, when Deng Xiaofeng Bo China Sea Franklin Guo-Qing Zhu, Industrial Dong Cheng non-global, long letter, Fu Yong, Phu Quoc Bitian Yu, Great Wall, Yang Yiping, easy Fonda Wu Xinrong, Hua Shang Zhimin and the South Chiang Peng Chen.

Lu Wenjun

among stock funds top the previous year also entered the top 10 of the common stock fund, 2011, he managed Yinhua Core Value Selected, Yinhua harmonious theme, a total of 677 million yuan benefits.

10 majority in previous years, the money list of the top-ranking, such as Huaan Shangzhi Min Deng Xiaofeng, when Bo Fonda Yi Wu Xinrong their nose for the market move faster than others, will eventually be reflected in the Fund has achieved proceeds. Forefront of several fund managers mostly have these qualities.

contrary to these money fund managers, in 2011 the majority of fund managers lose money, which means that they eventually had to have favored stock flesh sold.

any one fund manager may choose the wrong stock, and stop in time when the error was discovered, the only money-losing fund managers throughout the year down, to determine the wrong stock than to determine the correct stock.

“investor” Data Research Department of Statistics, money-losing up to 10 common stock fund managers turn long Shengwang Ning, Wang Liping, the venture of the China Post Bo when Lipei Gang, China Post entrepreneurship Tan Chun Yuan, JP Morgan Wangxiao De Huaan Yin Ming, Li Li, Bank of Communications Schroder in the Post Venture Deng Lixin, GF Chen Shide and Bank of Communications Schroder Zhang Mei Chai.

which, in the Post & Capital Fund Company and the Bank of Communications Schroder Fund, a fund manager performance is poor. 10 countdown, the entrepreneurs occupy three of the Post, Bank of Communications Schroder occupy two.

2011

the overall market downturn, and position the flexible advantages of hybrid funds the majority of fund managers could not escape. Data Research Department of Statistics According to the “investors”, the management of hybrid funds, fund managers a total of 152 lost 21.8 billion yuan in 2011, the average of each fund manager compensation to $ 1.43 billion, but compared to the stock fund managers less compensation of 70 million yuan. Of these, 19 make money, the rest of the loss, make money over two hundred million yuan, 9, a total of 11 money-losing more than 500 million yuan.

mixed funds earn realized gains up to the top 10 fund managers were Yawei China, Cathay Pacific Dengshi Feng, GF Wilson Fung, Huan China Tam Qi, China Hu Jianping, Industrial Global WangXiaoming, Castrol Shao Jian, Dongfang Li Ji Pang Sa and the Great Wall Xu Jiulong.

row in the 10 hybrid fund managers followed by Chinese businessmen QUARTERLY, Yasunobu beam sword, Castrol Lin Qing, Xincheng Lu Zhigang, Dacheng Shi Yonghui, GF Chen Shide, easy Fangda Cai Haihong, Morgan Stanley Huaxin Yuan Air China, built letter Tao and Fortune SGAM Shao Zhe Yang.

fixed income list: cargo base to make money

fixed-income funds are also not not lose. 2011 bond fund managers in the loss leader, while money market funds money stable.

Statistics 107 bond fund managers, to achieve a total gain of 505 million yuan, compared with the previous year, a decrease of 5.452 billion yuan. Of these, 54 fund managers to make money, the loss of more than 100 million yuan 3.

to make money before the higher bond fund managers five fund companies in the Banking. Among the top 10 bond fund manager in order to build the letter Zhong Jingdi, Bank of Communications Schroder LI Jia-chun, ICBC Credit Suisse Du Haitao, Bank of China Li, Bank of Xipeng Zhou, Guolian An Fengjun, Huaan Zheng can become, the rich Diao Yu Kwong Fat Xie Jun and Wells Fargo Rao Gang.

After 2011, China and the rich fund company, bond fund manager is clearly on the battlefield chaos ground, 10 from each of the two. Debt base 10 to turn the rich Yanggui Bin Bo Guo Jun, China Han Huiyong Merchants Zhang Ting Xie Zhihua, Wells Fargo Zhongzhi Lun, Bao Ying Chen, if Jin, ZHANG Yong-zhi Chinese entrepreneurs, Fortune SGAM Huazhi Gui and China Wei Zhenjiang.

monetary funds for its investment properties, is the only all realized gains of fund types, the annual total of 5.032 billion yuan, the average of each fund manager to earn 100 million yuan. Which earn revenue of over two hundred million yuan of fund managers 8.

cargo base among the 10 top money fund manager with China Qu Bo, Bo, when Zhang Yong (microblogging), the Castrol Wei Li, GF Wenxiu Juan, easy Fonda Maxi De southern Han Yaqing, China An Huangqin Merchants Hu Huiying, sea Fortis Zhang Lijie and the Bank of Bai Jie. In the bottom 10 of the fund managers in turn Yimin Li Yong Steel, King along the Great Wall Zhang Jirong and hair calm, Shen Wan Ling letter Zhou Ming, China Taibo Rui Shen Tao Guolian Anping Jun, Bao Ying Chen, if fresh, TEDA Manulife HU Zhen positions, silver China Haiying day rule Qin Juan.

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	common stock fund managers 10
company
Fund Manager	money summary ($ billion)	Rank
Yinhua
Lu Wenjun	8.67	1
Bo
Deng Xiaofeng	6.08	2
China Sea Franklin
Guo-Qing Zhu	5.74	3
Industrial Global	Dong Cheng non	3.43	4
long letter
Fu Yong	2.60	5
Wells Fargo	Bi Tianyu	2.39	6
Great Wall	Yang Yiping	2.21	7
easy Fonda	Wu Xinrong	1.93	8
the Huaan	Shang Zhimin	1.87	9
the South	Jiang Peng Chen	1.74	10
	hybrid fund managers 10
company
Fund Manager	money summary ($ billion)	Rank
China	Yawei	8.62	1
Cathay Pacific
, Deng Shifeng	7.05	2
GF	Wilson Fung, Huan	6.08	3
China	Tan Qi	4.72	4
China	Hu Jianping	2.80	5
Industrial Global	Wang Xiaoming	2.80	6
Harvest
Shao Jian	2.57	7
the East
Lee Ji	2.12	8
the East
Pang Sa	2.12	9
Great Wall	Xu Jiulong	1.31	10
	index fund managers 10
company
Fund Manager	money summary ($ billion)	Rank
million Fund Management Co., Ltd.
Zhu Ying	0.09	1
Penghua Fund Management Co., Ltd.
Yang Jing (Peng, China)	0.07	2
Southern Fund Management Co., Ltd.
Zhang original	0.05	3
the intermediation Fund Management Co., Ltd.
Yong	0.03	4
Central European Fund Management Co., Ltd.	, Lin Zhongbin	0.02	5
Bauhinia Fund Management Co., Ltd.
Yu Shusheng	-0.01	6
long letter Fund Management Co., Ltd.
Qian Hu	-0.02	7
Bauhinia Fund Management Co., Ltd.
temperature wins & P	-0.02	8
Central European Fund Management Co., Ltd.	Zhang generous	-0.03	9
Wells Fargo Fund Management Co., Ltd.	WANG Bao-Hop	-0.04	10
	bond fund managers 10
company
Fund Manager	money summary ($ billion)	Rank
CCB
, Zhong Jingdi	1.81	1
Bank of Communications Schroder
LI Jia-chun	1.38	2
ICBC Credit Suisse	Du Haitao	1.21	3
Bank of China
Li Jian	1.10	4
Bank of China
Xi Pengzhou	1.01	5
Guolian Ann
Feng Jun	0.79	6
the Huaan	Cheng	0.70	7
Wells Fargo	Diao Yu	0.68	8
GF	Xie Jun	0.64	9
Wells Fargo	Rao Gang	0.63	10
	money market fund managers 10
company
Fund Manager	money summary ($ billion)	Rank
China	the curvelet	4.77	1
Bo
ZHANG Yong (Bo, when the)	4.66	2
Harvest
Wei Li	4.61	3
GF	Wen Xiujuan	4.33	4
easy Fonda	Maxi De	4.04	5
the South	, Han Yaqing	3.01	6
the Huaan	Wong Kan	2.65	7
Merchants
, Hu Huiying	2.65	8
sea Fortis
Zhang Lijie	1.88	9
Bank of China
Bai Jie	1.62	10