Ye Tan punishing conscience fund manager is reasonable but not wise-beself

Ye Tan: the punishment of "conscience" fund manager is reasonable but not clever Sina Level2:A shares of sina finance: App speed Kanpan live on-line blogger to tutor after each commentator Ye Tan fund manager Lv Qi suddenly fire. At noon on January 6th, Societe Generale global fund account investment manager Lv Qi in the WeChat circle of friends said: "warning: recommendations of other investment channels redemptions, this year I probably don’t make money management products rate. Don’t understand what I’m saying. Read my words ten times." The message was immediately forwarded over a wide range. It’s a timely reminder. In January 7th, A shares experienced two fuses again, while the Shanghai stock index decreased by 22.65% in January. "Daily economic news" pointed out that Lv Qi is in the Shanghai stock index is above 3300 points directly recommend customer redemption, allowing customers to avoid losses. So Lv Qi was called the conscience fund manager". Prior to 2007, the global fund manager Yang Dongceng A shares 6000 points high, in the form of an open letter "forced" fund holders of the redemption of stock funds, Yang Dong became the first, A shares also to Lu Qi before only dare to give up short-term interests, to persuade people to redeem the public fund manager. After Lv Qi’s WeChat has been widely forwarded, Societe Generale has issued a Clarification Announcement, saying that Lu Qi’s opinion is only personal, and has nothing to do with the company. Lv Qi later deleted the circle of friends information, and issued a statement that his previous views as personal immature ideas, unrelated to the company. The "daily economic news" reported on February 18th, the "conscience" of the history of the fund manager is the company to cancel the account investment department deputy director positions, and by the economic sanctions. The Societe Generale global has said that Lv Qi has caused the market misunderstanding — according to company internal requirements, employees should carefully use the network from the media tools on the market trends, stock price, industry and other hot topics to comment or prediction, and indicate only one point of view, does not represent the views of the company. Societe Generale’s global approach is understandable, but not brilliant. If I were Lv Qi’s leadership, will fly into a rage, because of a critical moment in the stock market to allow customers to redeem, if regulators see, how to explain? There are some things that can be said privately, but it’s not true to say publicly even if they’re small. Two public funds rely on the scale of life, the management fee income is fixed, the larger the scale, the more income, and private equity performance in proportion to dividends. Third, those who rely on the scale, ranking parenting managers are very sour: you live to cool the conscience, that we drink the northwest wind. The scale is king, followed by the performance, performance regardless of loss of money, as long as the industry ranked passable. No matter how the Christian Democratic losses, the fund company still popular hot drink, it certainly makes people happy. Many people think that Lv Qi objected against the occupation moral — if a selling air conditioning shouted this year is not hot, do not have to buy air conditioning, the boss will fire him. Lv Qi is an investment manager, not an air conditioner. The greatest moral and legal responsibility of the investment manager is to be responsible for the client, and to be honest and professional

叶檀:处罚“良心”基金经理合理但不高明 新浪财经Level2:A股极速看盘 新浪财经App:直播上线 博主一对一指导   ◎每经评论员 叶檀   基金经理吕琪突然火了。   1月6日中午,兴业全球基金专户投资经理吕琪在其微信朋友圈中表示:“郑重提示:建议有其他投资渠道的客户赎回,今年本人管理产品大概率不能赚钱。听不懂我说话的把我的话读十遍。”该消息立即被大范围转发。   这是及时的提醒。1月7日,A股再次经历两次熔断,而沪指1月整体跌幅达22.65%。《每日经济新闻》指出,吕琪是在沪指处于3300点上方时直接建议客户赎回,让客户避免了损失。因此,吕琪被称为“良心基金经理”。   此前的2007年,兴业全球基金总经理杨东曾在A股6000点高位时,以公开信的形式“苦劝”基金持有人赎回股票基金,杨东因此成为A股首个、也是到吕琪之前唯一敢于放弃公司短期利益、劝基民赎回的公募基金总经理。   吕琪的微信被广泛转发之后,兴业全球曾就此发布澄清公告,称吕琪观点仅代表个人,与公司无关。吕琪后来也删除该朋友圈信息,并发表声明称自己此前所发观点为个人的不成熟想法,与公司无关。   《每日经济新闻》2月18日的报道称,这位“史上最有良心”的基金经理被其公司撤销了专户投资部副总监职务,并受到经济处罚。而兴业全球方面则表示,吕琪的做法引起了市场误读——按公司内部相关制度要求,公司员工应审慎利用网络自媒体工具对市场走向、证券价格、行业热点话题等发表评论或预测,并注明仅为个人观点,不代表所在公司观点。   兴业全球的做法无可厚非,但不是高明的做法。如果我是吕琪的领导,也会火冒三丈,一则因为在股市关键时刻让客户赎回,万一监管层看到了,怎么交代?有的事私底下说说可以,但公开的说(哪怕是小范围传播)也的确不妥。二则公募基金靠规模维生,管理费收入是固定的,规模越大收入越多,和私募基金的业绩按比例分红不同。第三,那些靠规模、排名养育的管理者们也很酸爽:你对得住良心了,那我们喝西北风啊。   规模是王道,其次是业绩,业绩不管亏不亏钱,只要业内排名说得过去。不管基民如何亏损,基金公司仍然吃香喝辣,这当然让基民不痛快。很多人反对吕琪,认为有违职业道德——如果一个卖空调的大声吆喝今年不热、不用买空调,老板当然会炒他鱿鱼。   吕琪是投资经理,不是卖空调的,投资经理的最大道德与法律责任是为客户负责、以诚信与专业技能留住客户,而不是替老板推销,好的公司老板与员工的利益是合一的。他是专户经理,大户们不傻,他们会记住哪些投资经理提醒了他们风险,哪些投资经理让他们触雷。   小范围市场,大家低头不见抬头见,信用是金;大范围市场中,谁也不认识谁,难免欺骗横行。吕琪针对的是小范围市场,他维护客户的做法正确。   如果吕琪对市场判断正确,吕琪的信用就上升了一级,可以为公司吸引更多的长期客户,公司应该表扬他,而不是指责加惩罚。这说明,公司对于呵护客户的做法并不在意,仍坚持以规模为先。兴业完全可以通过对吕琪的呵护,显示公司对于投资者财富的呵护。   对股民的保护有了新办法,中证中小投资者服务中心将以持股行权的方式保护中小投资者利益,本身作为中小股东,依据《公司法》、《证券法》行使对上市公司的权益,这类似于中国的公益保护、公益诉讼机制,希望尽快看到有相关案例。   中小投资服务中心有大股东,难道就应该听命于大股东的利益,不保护中小投资者的利益?这就偏离了中小投资服务中心的定位。这就像吕琪的定位,如果认为吕琪应该推销产品,而不是对现有的客户财富负责,是偏离了方向。   有时候,方向偏离太久了,回到正确方向,反而引发事端。 进入【新浪财经股吧】讨论相关的主题文章: