又有“顶流减负”！景顺长城基金刘彦春三只产品增聘搭档，什么信号？

澎湃新闻12:45

景顺长城基金副总经理刘彦春旗下三只产品迎来新任共同管理者。　　5月9日，景顺长城基金公告称，刘彦春旗下在管的景顺长城鼎益、景顺长城内需增长贰号、景顺长城内需增长这三只基金均增聘其他基金经理共同管理。具体来看，景顺长城鼎益混合增聘基金经理柯海东，景顺长城内需增长贰号与景顺长城内需增长两只基金则增聘基金经理徐亦达，均采用了双基金经理模式。　　经过此次调整，刘彦春独立管理的基金缩减至三只，分别...

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What signal?","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600519":1,"600809":1,"603259":1,"000333":1,"000858":1,"002311":1},"content_text":"景顺长城基金副总经理刘彦春旗下三只产品迎来新任共同管理者。\n　　5月9日，景顺长城基金公告称，刘彦春旗下在管的景顺长城鼎益、景顺长城内需增长贰号、景顺长城内需增长这三只基金均增聘其他基金经理共同管理。具体来看，景顺长城鼎益混合增聘基金经理柯海东，景顺长城内需增长贰号与景顺长城内需增长两只基金则增聘基金经理徐亦达，均采用了双基金经理模式。\n\n　　经过此次调整，刘彦春独立管理的基金缩减至三只，分别为景顺长城新兴成长、景顺长城集英成长两年定开与景顺长城绩优成长。Wind数据显示，截至今年一季度末，刘彦春在管总规模为265.50亿元，此轮增聘后，其单独管理规模则降至164.93亿元。\n　　从持仓特征看，此次被增聘基金经理的三只产品，均聚焦于消费赛道。一季报显示，三只基金的前十大重仓股囊括了贵州茅台（600519.SH）、海大集团（002311.SZ）、山西汾酒（600809.SH）、美的集团（000333.SZ）、五粮液（000858.SZ）及药明康德（603259.SH）等核心资产。\n　　业绩表现方面，作为刘彦春的代表作，景顺长城鼎益自2015年7月由其接手以来，至2026年5月8日，任职总回报为136.62%，年化回报8.27%，回报排名为183/397。拉长时间来看，该基金A类份额过去3年累计亏损36.57%，过去5年亏损幅度为47.54%，而同期业绩比较基准分别为上涨8.77%与下跌8.20%，产品显著跑输基准。\n　　与之类似，刘彦春自2018年2月起管理的景顺长城内需增长贰号与内需增长，截至目前的任职回报分别为49.07%与61.82%，年化回报分别为4.96%与6.01%。长跑收益虽为正，但近年同样面临较大的净值压力。\n\n　　有业内人士强调，基金经理变更是公司基于整体投研团队长远规划、资源的高效优化配置及产品管理的切实需求做出的正常调整。增聘与卸任的核心逻辑并非“风险预警”，也可能是“以老带新”来实现团队能力的动态优化。在政策推动下，基金公司普遍加速向投研平台化转型，主动淡化个体明星效应。而在团队化转型中，新生代基金经理的数量与影响力则显著提升。\n　　实际上，刘彦春的此番“减负”并非孤例，近期多位公募顶流基金经理开始逐步交出部分管理权。2026年4月29日，中欧基金发布公告称，投资总监葛兰因公司安排离任中欧明睿新起点的基金经理，该基金交由代云锋独立管理；2025年7月，中欧医疗健康混合发布公告称，增聘赵磊为基金经理，与葛兰共同管理该产品。\n　　2025年12月，广发基金副总经理刘格菘卸任一只管理超8年半的“老”产品广发小盘成长混合（LOF）；2025年9月，广发基金公告称，基金经理刘格菘因工作安排卸任广发多元新兴股票。\n　　随着公募基金规模的增长，基金经理队伍也在持续扩容。有公募人士提醒，投资者也需要随之调整观察视角。面对基金经理的人事调整，不应仅关注事件本身，更应密切追踪基金后续策略的稳定性与业绩波动风险。重点可分析调仓后的近3个月重仓股变动率、投资风格的漂移程度，以及机构持有人比例的变化趋势。\n\nMACD金叉信号形成，这些股涨势不错！\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：尉旖涵","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2634494383","isCrawlerRequest":true}