The public offering industry’s "successful investment leads to promotion" adds a new example: Dong Chen appointed as Deputy General Manager of Xinhua Tai Ba Rui Fund

Huatai-PineBridge Fund recently announced that its assistant general manager, director of the second investment department, and fund manager Dong Chen has officially been promoted to deputy general manager. This personnel change further confirms the trend in the public fund industry where “investment leads to promotion.” With over 12 years of experience in the securities industry, Dong Chen’s career spans both sell-side research and buy-side investment, and his management performance has drawn significant attention in the industry.

Public information shows that Dong Chen previously served as the chief analyst at Changjiang Securities. He joined Huatai-PineBridge in 2016 and began managing public fund products in July 2020. By the end of 2025, his managed assets reached 21.799 billion yuan, with investment coverage including active equity and mixed equity-debt strategies. For example, the Huatai-PineBridge Fortune Mixed A fund, which he has managed since July 29, 2020, has achieved a cumulative return of 199.45%, with an annualized return exceeding 21%, and has maintained positive returns for five consecutive full years from 2021 to 2025. Another co-managed product, Huatai-PineBridge New Profit Mixed A, also demonstrated robust performance, achieving positive returns for five consecutive years during the same period, highlighting its risk control capabilities.

In the field of active management, Dong Chen’s performance is notably rare. Data shows that between 2021 and 2025, only 8 active equity funds maintained positive returns for five consecutive years without changing fund managers, of which 2 are managed by Dong Chen. His investment style is known for balanced allocation, with diversified industry layout and a focus on drawdown management. This prudent strategy has shown strong adaptability in volatile markets.

The upgrade of Huatai-PineBridge’s investment research system provides institutional support for this promotion. The company’s “platform-based, integrated, multi-strategy” investment research framework has formed an active equity team of over 40 people, achieving full industry coverage of A-shares and Hong Kong stocks. This platform-based operation model not only strengthens team synergy but also creates conditions for senior fund managers to transition into management roles. Industry insiders point out that as competition intensifies, the platformization of investment research and organizational management capabilities are becoming important components of a fund company’s core competitiveness.

The promotion of senior executives in the public fund industry shows phased characteristics. In 2023, there was a phenomenon of star fund managers being concentratedly promoted to deputy general manager, including several investors such as HSBC Jintrust’s Lu Bin and Harvest’s Yao Zhipeng being promoted. However, since the second half of 2024, some fund managers who have already been appointed as executives have chosen to return to their investment roles, reflecting a dynamic balance in the industry’s talent utilization. Currently, core investment research talents remain a scarce resource, and while fund companies bind top talents to executive positions, they also need to address the organizational challenges brought about by the expansion of management scale.

Dong Chen’s promotion case reflects a profound transformation in the talent strategy of the public fund industry. Against the backdrop of fierce competition in active management, fund companies need to maintain the continuity of investment performance while constructing a management structure that adapts to scale growth. This dual demand drives the transformation of “investment experts” into “management composite talents,” while the platformized investment research system provides institutional support for this transformation.