金证券记者　管伟

Gold securities GuanWei reporters

　　曾经备受基金公司待见的专户部门，由于行情低迷，竟也面临裁撤命运。坊间传闻，某中型基金公司撤掉专户部门、不再新接业务后，存续的数个专户账户由一名社保组合经理带着负责。《金证券》记者多方打听后，基金业内人士均表示，“这家公司有可能是长盛基金”。

Once the fund company be fond of the account department，Due to the market downturn，But also faces cut the fate。An anecdotal，A medium-sized company is closing fund only door department、No longer the new joint after business，The surviving a few only door account by a combination with the social security manager is responsible for。《Gold securities》Reporters after many to find out，Funds are the personage inside course of study says，“The company may be long cheng fund”。

　裁撤风波 Cut the storm

　　《证券时报》周四报道，某中型基金公司已撤掉专户部门，目前该公司存续的几个专户账户的投资经理由一名社保组合经理兼任，原专户部门的其余员工均已内部转岗至其他部门或离职，同时该公司目前已停止发展新的专户业务。

《Securities times》Reported Thursday，A medium-sized fund company already closing account department，At present, the company surviving few only door account investment manager by a combination of social security manager concurrently，The original account department of the rest of the staff have been internal transfers to other department or exit，At the same time the company has to stop the development of new only door business。

　　该消息还举证了上述基金公司专户理财人事变动的实况。在去年3月到9月，该公司四次公布变更专户理财部投资经理的公告，共涉及四个专户账户。变更后，该四个专户账户均由一名社保组合经理兼任投资经理，其中两个专户账户还配置了投资经理助理，不过中国证券业协会网站显示，该投资经理助理目前已处于离职状态。

This news also burden the fund only door financial personnel change live。In the last 3 months to September，The company released four times change only door finance department investment manager's announcement，Inoled a total of four only door account。After the change，The four only door account all by a combination of social security manager concurrently investment manager，Two of them only door account it is also equipped with the investment manager assistant，But the Chinese securities association website display，The investment manager assistant has been in a state of leaving。

　　按照报道说法，在这家公司的主页上，虽然仍列有专户理财部的联系电话，不过自今年3月中旬以来再未有动态更新。同时，在该公司主页的投资团队介绍中，投资管理部、研究发展部、国际业务部、固定收益部等多部门总监均在列，唯独缺失对专户部门总监的介绍。

According to the report saying，In the company's website，Although still column has only door finance department contact number，But since march this year since the middle again no dynamic update。At the same time，In the company's home page investment team in the introduction，Investment management department、The research and development department、International business department、Fixed income department and so on department director are among the，But the deficiency of account department director introduction。

　“都在正常运转” “In normal operation”

　　《金证券》记者向多位基金行业内人士打听，行业内人士均表示，“某中型基金公司”有可能是长盛基金管理有限公司。

《Gold securities》Reporters more than to fund the personage inside the industry to find out，The personage inside the industry are said，“A medium-sized fund company”May be long cheng fund management co., LTD。

　　记者注意到，该公司的网站上去年3月至9月间，四次变更了专户理财部的投资经理公告，也正是涉及四个专户账户。根据变更内容来看，该四个专户账户均由一名社保组合经理兼任投资经理，其中两个专户账户还配置了投资经理助理。《金证券》记者昨日致电此前的三位长盛专户经理，其中一位手机停机，一位手机关机，一位对记者坦言已经离职。

Reporter noticed，The company's web site last march to September，Four times changed only door finance department of the investment manager announcement，It is also involved in four only door account。According to the change of content to see，The four only door account all by a combination of social security manager concurrently investment manager，Two of them only door account it is also equipped with the investment manager assistant。《Gold securities》Reporters call yesterday after three long cheng account manager，One of the phone down，A cell phone，One said to the reporter had already left。

　　此外，该公司官网今年3月5日更新后，就再没有最新的动态信息。《金证券》记者以客户名义，致电该公司官网上留下的专户理财方面，商谈合作事宜，但接电话的张小姐表示，该公司专户理财方面的业务还在运作。

In addition，This year the company's official website on March 5, after the update，As there will be no new dynamic information。《Gold securities》Reporter in the name of the customer，Call the company website left only door financial management，Discuss cooperation，But the phone's miss zhang said，The company only door financing business is still in operation。

　　尽管外界关于长盛撤并专户部门的传言传得沸沸扬扬，但长盛基金相关人士再三向《金证券》强调，目前公司专户部门及账户都在正常运转，由公司总助代管，目前有两个产品，有投研团队，也有投资经理。

Although the outside world about long filled only door department should transfer to pass an uproar，But long cheng fund relevant personage to again and again《Gold securities》emphasize，At present, the company only door department and the account in normal operation，The company always help hold the fort，There are two products，Threw research team，Also have investment manager。

　专户理财困境 Only door financing predicament

　　《金证券》记者了解到，专户理财对基金公司来说，有着很大的诱惑力。基金公司在专户产品出现之初，一般都提取20%的业绩报酬，并收取少量管理费。

《Gold securities》The reporter understands，Only door financing for the company to fund，Has the very big allure。Fund company in only door products in the early，Generally extracting 20% of performance pay，And for the collection of a small amount of management fee。

　　从2009年首批发行的一对多产品来看，所有产品都规定了固定的业绩报酬提取基准，收益率一般在5%－10%之间，其中6%的产品占大多数。后来虽然有所调整创新，但仍以追求绝对收益、提取业绩报酬为主流。

From 2009 the first issue of the one-to-many products to see，All products are set fixed performance remuneration extraction reference，The general yield between 5% and 10%，6% of the products for most。Later, although be adjusted innovation，But still with the pursuit of absolute income、Extraction performance remuneration for the mainstream。

　　去年，专户理财的门槛向中小基金公司开放。然而，不断下跌的股市行情考验着基金管理公司专户理财的管理能力。一位基金行业人士坦言，“今年大盘都跌成这样了，基金专户能好到哪儿去？”

Last year，Only door financial threshold to small and medium-sized fund company open。however，Plummeting stock market test a fund management company only door financial management ability。A fund industry people said，“This year is the market fell into it，Fund only door can good where to go？”

　　弱市行情下，对收取绝对收益的基金专户来说，不但难以获得收益，还得养着专户理财的一大堆人。据悉，由于人力成本高企，加之弱市下获取高绝对收益的难度大大提高，部分基金公司专户业务盈利困难。在这样的背景下，有基金公司采取收缩战略，实质性撤掉专户部门不足为奇。

Weak market under the market，To collect absolute income for fund，Not only difficult to obtain income，Still have to keep the only door financing of a lot of people。It is reported，Due to the high labor costs，Together with the weak city get high absolute income difficulty greatly improve，Part of the fund company only door business profit difficult。In this context，A fund company take contraction strategy，No wonder only door closing substantial department。

　　收缩：基金公司在行动 contraction：Fund company in action

　　公开资料显示，长盛基金目前资产规模为396.23亿元，排名73家基金公司的第24位，属于中型基金公司。算上正在发行的长盛同辉，旗下目前共有31只基金，不过，只有11位基金经理人。

Public data shows，Long cheng funds now asset scale for 39.623 billion yuan，In 73 the fund company's 24th，Belongs to medium fund company。Is is issue of long cheng together，Its current 31 fund，but，Only 11 fund managers。

　　尽管在外人眼里，资产规模达到接近400亿，长盛基金算得上是中型基金公司，但是，弱市行情下，中型基金公司的日子也不好过。

Although in the eyes of outsiders，Asset scale reached almost 40 billion，Long cheng fund is the fund company is medium，but，Weak market under the market，Medium fund company but also for the day。

　　一位基金行业人士向《金证券》记者透露，目前，在这样的行情下，规模超千亿的基金公司日子都不好过，何况一家规模只有不到400亿的基金公司呢？

A fund industry to the public《Gold securities》Reporters revealed，At present，In such a market down，Scale ultra billions of fund company difficult days，How much more will a size less than 40 billion fund company?？

　　事实上，不但长盛基金收缩的专户理财部门，其他基金公司专户理财的战线也在收缩。沪上一家基金公司的内部人士向《金证券》记者透露，低迷行情下，基金公司所有的部门都在收缩，专户理财也不例外。

In fact，Not only long cheng fund only door shrinkage of financial department，Other fund only door financing front also in contraction。Shanghai a fund company internal to the public《Gold securities》Reporters revealed，Under the market downturn，Fund company all the departments in the contraction，Only door financing is no exception。

　　“相对于公募基金收取固定管理费不同，专户理财是绝对收益，创造不了效益，自然收缩得更厉害。”该人士说，该公司专户理财的投入也在收缩，不但资金方面，人才方面也是。

“Relative to the public offering fund collection fixed charge different，Only door finance is absolute income，To create the benefit，Natural contraction more severe。”This personage says，The company only door financial input in contraction，Not only of capital，Talent is。

　　他说，“今年年初专户理财走了一位基金经理，这个岗位就顺势给撤了。前基金经理管理的账户也划给了其他同事。”

He said，“At the beginning of this year only door financing go a fund manager，This post is removed conveniently。Former fund manager to manage the account also cross to the other colleagues。”