300亿固收+王牌张翼飞出走！留不住顶梁柱的安信基金 “固收+”塌了一角，股东的钱袋子还护得住吗？

Core Viewpoint - The departure of Zhang Yifei, a key figure in Anxin Fund's "fixed income+" strategy, marks a significant shift for the company, which is already facing challenges in asset management and fund performance [1][4][5]. Group 1: Departure of Key Personnel - Zhang Yifei has resigned from all nine funds he managed at Anxin Fund after 13 years, expressing gratitude to investors and affirming his commitment to the asset management industry [1][2]. - During his tenure, Zhang managed over 60 billion yuan in assets, accounting for more than one-third of Anxin Fund's non-monetary public offering scale and over 70% of the "fixed income+" product line [2][6]. - His most notable fund, "Anxin Steady Growth Mixed Fund," achieved a return of 82.81%, generating nearly 8 billion yuan in profits for investors [2][3]. Group 2: Challenges Facing Anxin Fund - Anxin Fund is experiencing a significant decline in total assets, which have decreased by 42.5 billion yuan from their peak in 2022, now standing at 94 billion yuan [6][9]. - The mixed fund scale has been halved, dropping from a peak of 86 billion yuan to 38.7 billion yuan, with several products now below the 50 million yuan liquidation threshold [6][9]. - The company is facing a talent gap and systemic challenges due to misalignment between its business model and the current market environment, particularly after the departure of a leading figure [9]. Group 3: Market Context - The fixed income products that are central to Anxin Fund's strategy have underperformed, leading to continued outflows of funds [8]. - The end of the bull market in bonds and low government bond yields have constrained profit margins, while the equity markets have shown improved risk appetite, further complicating the situation for fixed income-focused funds [9]. - The trend of fund managers transitioning from public to private sectors reflects broader industry challenges, with 197 fund managers having left their positions in the year leading up to Zhang's departure [5][9].