Xiao Feng: Fund companies rely on human capital for survival and development

Mr. Xiao Feng, President of Bosera Fund Management Company, explained his views on human capital when attending the 6th China Securities Investment Fund International Forum.

Xiao Feng said that the fund company is not an enterprise operated by shareholder capital. The amount of shareholder investment is almost negligible. It is enough to set up a fund company overseas and register 1 million or 2 million yuan, because it relies on human capital. If there is no very good talent team, the company will basically fail, You can bet that he failed. If you just say that I have 5 billion yuan or 10 billion yuan to do this, he must have lost all his money. So talent is very important to fund companies.

The role of fund managers in fund management is declining, and in investment management is declining. The role of other personnel in fund management, including the whole value creation chain of the fund, is rising, including the contribution of traders in it. Previously, they might just help you buy and help fund managers complete this order, Maybe slowly he will do a good job in cost control. Good cost control will make a positive contribution to the performance of the whole fund..