Xin Lang Ji Jin·2025-08-11 09:14Core Viewpoint - The article highlights allegations from employees of Shenwan Hongyuan Securities regarding forced "co-investment" practices, revealing issues of transparency and management within the company [1][9]. Group 1: Fund Performance and Management - Shenwan Lingshin Fund, under Shenwan Hongyuan, launched the "Shenwan Lingshin Industry Select Mixed Fund" in June 2023, which was marketed as a stable product with a focus on high dividends and a slow build-up strategy [2][7]. - The fund has experienced a decline of 6.04% in the past month and a further drop of 1.07% in the past week, with a total net value decrease of 8.29% since its inception, contrasting sharply with the nearly 10% rise in the A-share market during the same period [2][7]. - Fund manager Jia Chengdong's strategy has been criticized for high-risk behavior, including rapid asset allocation into high-priced sectors and subsequent losses, leading to speculation about his management approach [7][9]. Group 2: Employee Concerns and Company Culture - Employees have expressed frustration over being forced to invest in underperforming funds, with complaints about a lack of response from management regarding their grievances [7][9]. - The situation reflects broader industry issues, such as prioritizing sales over risk management and accountability, raising concerns about the treatment and respect of employees within the company [9].