6500亿公募基金掌门人辞任，会带来怎样的波动冲击？

Core Viewpoint - The recent resignation of Yang Huahui as the chairman of Xingzheng Global Fund due to age-related reasons has raised concerns about the fund's performance and future leadership [3][4]. Group 1: Leadership Change - Yang Huahui resigned as chairman and legal representative of Xingzheng Global Fund, with Zhuang Yuanfang stepping in as acting chairman [3][4]. - Yang's tenure lasted less than five years, during which the fund's management scale grew from 454.68 billion yuan to 651.95 billion yuan, an increase of 197.26 billion yuan [4]. - The fund must appoint a new chairman by the end of 2025, as per regulatory requirements [4]. Group 2: Fund Performance - Xingzheng Global Fund's actively managed equity funds have shown mixed performance, with several funds underperforming [3][8]. - As of June 25, 2023, among the actively managed equity funds, 5 out of 27 funds had negative returns this year, and 15 out of 19 funds had negative returns over the past three years [8]. - Notable underperformers include the funds managed by Dong Li, which have consistently shown negative returns across various time frames [9]. Group 3: Manager Performance Impact - The performance of fund managers is increasingly tied to their compensation, with performance metrics accounting for at least 80% of their evaluation [10]. - The three-year performance of Xingzheng Global Heng Three-Year Holding A and Xingquan He Tai A has also been negative, impacting the managers' performance assessments [10].