Public offerings once again demonstrate "Invest well, then succeed in government service"! Dong Chen is promoted to Deputy General Manager of Huatai-PineBridge Fund

On the evening of March 26, Huatai-PineBridge Fund released an announcement stating that the company’s deputy general manager’s assistant, director of Investment Division II, and fund manager Dong Chen was promoted to deputy general manager.

Judging from his resume, some of the products managed by Dong Chen achieved consecutive years of positive returns during his tenure. In recent years, it has not been uncommon for fund managers to move into management positions. A group of top-performing fund managers with experience in continuous management are gradually taking on more management responsibilities, and Dong Chen’s promotion is also seen as an extension of this trend.

As competition in the publicly offered industry’s active management business intensifies, fund companies’ reliance on core investment research talent has increased, and the importance of investment-research platforming and team coordination has risen. Against this backdrop, the talent appointment mechanism of “promote the capable from the investment side to advance in one’s career” has also been gradually strengthened across the industry.

Dong Chen Promoted to Deputy General Manager of Huatai-PineBridge

On the evening of March 26, Huatai-PineBridge Fund released an announcement. The company’s announcement said that its deputy general manager’s assistant, director of Investment Division II, and fund manager Dong Chen has officially been promoted to deputy general manager, becoming the latest case in the publicly offered fund industry of “promote the capable from the investment side to advance in one’s career.”

According to the information, Dong Chen has more than 12 years of experience in securities. He previously served as Chief Analyst at Changjiang Securities (000783). He joined Huatai-PineBridge in 2016, and has managed publicly offered products since July 2020. By the end of 2025, his assets under management totaled 21.799 billion yuan, covering active equity and equity-bond hybrid strategies.

In terms of investment style, Dong Chen emphasizes balanced allocation and drawdown control, with a diversified industry layout. Data shows that the products managed by Dong Chen have relatively steady performance. In the active equity sector, taking Huatai-PineBridge Fortune Hybrid A, which he has managed for the longest time, as an example: since he took office on July 29, 2020, the fund’s cumulative return has reached 199.45%. Its annualized return during his tenure is over 21%, exceeding the relevant performance benchmark for the same period. From 2021 to 2025, the fund achieved positive returns in every complete year.

In the equity-bond hybrid products that he co-manages, Dong Chen has also managed the Huatai-PineBridge New Profit Hybrid A for the longest time. Since he took office on August 25, 2020, it has likewise delivered positive returns in five consecutive complete years, demonstrating a certain ability to control drawdowns. Data shows that from 2021 to 2025, there were 8 active equity funds with positive returns for five consecutive years and no changes to the fund manager during the period, among which Dong Chen’s managed products account for 2.

Platformed Investment Research to Back Up “Promote the Capable from the Investment Side to Advance in One’s Career”

From the company level, the trend of fund managers being promoted to management positions is related to the increasing organization of the investment-research system. For example, Huatai-PineBridge Fund has long focused on a “platform-based, integrated, multi-strategy” investment-research system. It has already built an active equity investment-research team of over 40 people, with the research side covering the entire A-share and Hong Kong stock markets.

Against this backdrop, team coordination and investment-research platforming have gradually become important support. Some fund managers have begun taking on more management responsibilities beyond investment research. Industry insiders noted that as competition in active management intensifies, the importance of investment-research platforming and team coordination is continuing to rise.

Looking at the industry as a whole, it is no longer uncommon for well-known fund managers to be promoted to deputy general manager, and in the past period it has shown a certain phase of concentrated occurrences. In 2023, multiple fund managers—including Lu Bin of HSBC Jin信 Fund, Yao Zhipeng of Harvest Fund, Jin Zicai of Caitong Fund, and Qiao Liang of Wanjia Fund—were promoted to deputy general managers. However, since the second half of 2024, the trend has cooled somewhat. Some star fund managers who had already served as executives chose to step down from administrative positions, refocusing their efforts back on the investment front line.

Industry-wide, it is generally believed that against the backdrop of scarcity of core investment research talent, “promote the capable from the investment side to advance in one’s career” remains an important talent pipeline in the publicly offered fund industry. On the one hand, fund companies bind core talent through executive positions; on the other hand, as management scale expands, some top fund managers gradually take on more organizational and management responsibilities.

(Editor: Li Yue)

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