"The conscience" fund managers to be punished behind the conscience of the industry the sina finance opinion leader (WeChat public kopleader) columnist Cao Zhongming a responsible manager can attract more investors, because the investor interest in the first place. While Lv Qi was punished, it also highlights another kind of "industry conscience" in the market, which is benefit to me and benefit from it. The interest of "I" is always placed in the interest of "it", and similar phenomenon can be found everywhere in the A share market. It is no news that the conscience fund manager who has been punished by the conscience fund manager has been punished. As the number of fund managers for the "rat" or revoked qualification, or shichangjinru, or bear criminal responsibility in the "classroom", these are the violation should pay the price. However, if it is a micro-blog, and even the market interpreted as a "conscience" of the micro-blog and punished, is clearly questionable. Unfortunately, Lv Qizheng, the fund manager of Societe Generale Global Fund, is such an unfortunate person. In 2016, the stock market is open unfavorable. The first trading day of January 4th, both the circuit breakers came into effect the day is the beginning "angry" days, due to hit the fuse threshold, the CSI 300 index two times the fuse, the Shanghai Composite Index closed down 6.86%, 1000 shares limit the miserable situation again, the market index has also appeared Powei trend. It is in this context, at 12:10 on January 6th, Societe Generale global fund account investment manager Lv Qi in his WeChat circle of friends said: "solemn prompt: recommend other investment channels of customer redemption, this year I manage the product rate probably can not make money.". Don’t understand what I’m saying. Read my words ten times." The news was immediately forwarded madly, and Lv Qi was also named as "the most conscientious" fund manager. From the follow-up trend, since the beginning of the day, the Shanghai Composite Index fell by more than 20%. Not to say whether it can make a profit, just from the point of view of risk aversion, Lv Qi suggested that customer redemption is undoubtedly very correct. But Lv Qi’s good intentions but did not bring good luck, the contrary, it not only was withdrawn deputy director of investment department accounts office, but also by economic sanctions. According to media reports, the fund company explained that Lv Qi violated the requirements of the fund company’s system, and caused adverse effects on the market. Lv Qifa micro-blog and fund company punishment, in fact, is standing in different angles. For the purpose of protecting the investors, it is suggested that the product is not profitable, and the customer is advised to redeem it. But the Fund believes that it violates the system, affecting the reputation of the company, in fact, think Lv Qi’s micro-blog speech damage the interests of the company. One is to protect the interests of customers, one to safeguard the interests of the company, when the two conflicts of interest, Lv Qi was punished also reasonable. After all, relative to fund companies, individuals are in a vulnerable position. Although the micro-blog was later deleted, it still highlights its industry conscience as a fund manager". In fact, as a fund manager, Lv Qi would not recommend redemption. As a fund manager, no one can guarantee a profit every year.

“最有良心”基金经理被处罚背后的业界良心   文 新浪财经意见领袖(微信公众号kopleader)专栏作家 曹中铭   一个负责任的基金经理更能吸引投资者,因为其把投资者利益置于首位。而吕琪被处罚,同样凸显出市场中的另一类“业界良心”,这就是利我为主,利它为辅,“我”的利益永远置于“它”的利益前面,而类似的现象在A股市场中比比皆是。 良心基金经理被罚背后的业界良心   基金经理被处罚早已不是什么新闻。如众多基金经理因“老鼠仓”或被撤销从业资格,或被市场禁入,或承担刑事责任进了“班房”,这些都是其违规应该付出的代价。但是,如果因为是发了一条微博,甚至是被市场解读为具有“良心”的微博而遭受处罚,显然是值得商榷的。遗憾的是,兴业全球基金专户基金经理吕琪正是这样的不幸者。   2016年的股市可谓开年不利。1月4日的首个交易日,既是熔断机制正式生效的日子,也是其开始“发威”的日子,因触及熔断阈值,沪深300指数两次熔断,当天上证指数收盘报跌6.86%,千股跌停惨况再次出现,大盘指数亦出现破位走势。正是在此背景下,1月6日中午12:10,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。”   该消息立即被疯狂转发,吕琪亦被冠以“最有良心”基金经理的美誉。从后续走势看,自当天开始,上证指数最大跌幅超过20%。不说是否能够盈利,仅仅从避险的角度看,吕琪建议客户赎回无疑是非常正确的。但吕琪的良苦用心却并没有为其带来好运,相反,其不仅被撤销了专户投资部副总监职务,而且还受到经济处罚。而据媒体报道,基金公司方面的解释是,吕琪违反了基金公司的制度要求,并给市场造成不良影响。   吕琪发微博与基金公司的处罚,实际上是站在不同的角度。因认为自己管理的产品不赚钱,而建议客户赎回,此举出于对投资者保护的目的。但基金公司认为其违反了制度,影响了公司声誉,其实是认为吕琪的微博言论损害了公司的利益。一个要保护客户的利益,一个要维护公司的利益,当这两种利益发生冲突时,吕琪被处罚也在情理之中。毕竟,相对于基金公司而言,个人处于弱势地位。   尽管该条微博后来被删除,但仍然凸显出其作为基金经理的“业界良心”。事实上,作为基金经理,吕琪大可不建议客户赎回。作为基金经理,也没有谁能够保证每年都实现盈利,客户资金遭遇缩水亦很正常。而且,作为基金经理,如果客户赎回了自己的资金,也会危及自身的地位,但因为“业界良心”,吕琪选择了建议赎回,本质上是其对客户负责任的表现。   其实,一个负责任的基金经理更能吸引投资者,因为其把投资者利益置于首位。而吕琪被处罚,同样凸显出市场中的另一类“业界良心”,这就是利我为主,利它为辅,“我”的利益永远置于“它”的利益前面,而类似的现象在A股市场中比比皆是。   比如前几年券商在保荐新股发行时,存在“只荐不保”的现象。作为发行人的保荐机构,某些券商只负责推荐发行人上市,至于其质地到底如何,是否真的符合上市条件,上市后业绩是否有保障,所有这一切都不在其考虑之列。但因为推荐发行人上市,相关券商从中获取了巨大的利益,像这些“只荐不保”的券商,显然是没有任何“业界良心”可言的。   再如A股市场频现的恶意造假上市案例。像绿大地、万福生科等本不符合上市条件,却通过财务造假的方式欺诈发行新股,并最终成功“跻身”于资本市场。而且,因为造假上市,相关责任人员还能从市场中窃取巨额的利益。试问,造假上市者的“良心”又在哪里?   中国资本市场诞生20余年来,最缺乏的就是“良心”两字,像内幕交易、操纵市场、向大股东实施利益输送等违规行为,背后都是“良心”丧失的表现。一个市场的所有参与者,如果都只有“小我”而不惜牺牲“大我”时,其“良心”是有问题的;如果制度建设又无法跟上,那么市场健康发展与中小投资者的利益是没有保障的。   (本文作者介绍:独立财经撰稿人 在三大证券报等多家媒体发表文章数百篇)   本文为作者独家授权新浪财经使用,请勿转载。所发表言论不代表本站观点。相关的主题文章: