Champions fund managers are being fired for poor performance or for main reasons

The introduction of new rules for the registration of fund managers, so that the once noisy fund manager personnel changes quiet a lot.　　Yesterday, however, an announcement by the Puban Axa Fund broke the peace. This announcement is quite meaningful, Puban Axa gave the reason for the personnel change "according to the business requirements and job needs ...　　Removed from office ... ", which means that the helm of the 2006 hybrid-balanced Fund (Cooper category) performance champion lost his job in the carries market environment in 2009. A year after the establishment of five-star Helm was dismissed yesterday, Puban Axa Fund Company issued a notice, the company decided to be the company's chief investment officer Zhang Jianhong and fund manager assistant Fang to replace the original fund manager Yangdeng as Puban Sheng Value Growth fund manager.　　At the same time, the company has submitted to the China Securities Industry Association Zhang Jianhong, Fang as the Bank of Pune value Growth fund manager registration application materials, as well as Mr. Yangdeng's cancellation application materials, and has submitted to the Shanghai authority of the fund manager Office and dismissal report materials.　　The announcement showed that Zhang Jianhong and Fang, in fact, had started on April 16, 2009 to perform the role of the fund manager of the Pudong Bank. Notably, the growth of Puban's value was founded on April 16, 2008.　　This also means that the new fund just over a year ago, the former fund manager Yangdeng left the original jobs. Data show that Yangdeng has 6 years of experience in the Fund, from June 2005 to January 2007 as the Galaxy's prudent securities investment fund managers, Galaxy stable net growth rate in the 2006 Morning Star Active Configuration fund and Lipper mixed balance fund ranked first, and the Morningstar five-star fund rating,　　Won the 2007 Lipper Best Fund Award. Wired company Yangdeng is handling the resignation just a year, Puban value of the fund manager surrendered the hands of power.　　Puban Sheng Company announced the "according to business requirements and job needs" should be explained? The reporter immediately calls Puban AXA Fund company, the related staff said, the Exchange fund manager is the company various consideration.　　The new two-bit fund manager is still in the Daizhi period, but the former fund manager (Yangdeng) is in the process of leaving the fund since it has actually operated for one months. The relevant staff also indicated that, at present, the two successor's information has been reported, but has not been answered.　　With the approval, the company will release the relevant announcements, two fund managers will also be formally appointed.　　Poor performance or fatal Yangdeng leaving the reason, its I have the most say, but unfortunately, as of press, the reporter has not been able to contact him. However, according to the analysis of the industry, the poor performance should be the leading cause of Yangdeng's dismissal. Data show that, founded in mid-April 2008 Puban Sheng Value Growth Fund, since its inception, performance has been poor performance. As of Thursday, the net value of the growth of Pudong Silver was 0.753 yuan, with a loss margin of nearly 25%, and the fund set up at the same time has mostly lost money and smallProfitable. Yangdeng in the 2008 Quarterly report of the Fund, said: "The fund's position in the market is relatively high in the short term, in accordance with the original plan, after the basic completion of the market return to decline, in the course of the fall did not adjust the position in a timely manner, resulting in a more serious loss of fund ”