湘财基金研究部总经理离职

Core Insights - The resignation of Xu Yida, the head of the research department at Xiangcai Fund, has led to a complete withdrawal from all managed funds, attributed to "resignation" [1] - Xu Yida's performance has been subpar, with half of the funds he managed showing negative returns [1][2] - The overall management structure of Xiangcai Fund is currently weak, with only six fund managers, significantly below the industry average [2] Performance Analysis - Xu Yida managed several funds with poor historical performance, including a nearly -22% return over four years for Xiangcai Changshun Mixed Fund A [1] - The Xiangcai Balanced Selection Mixed Fund A has underperformed this year, with a return of approximately -3%, lagging behind the benchmark by 14 percentage points [3] - Other funds managed by the investment team have also shown significant declines, with the Xiangcai Innovation Growth Fund A experiencing a net value drop of over 31% since inception [3] Management Structure - Following Xu Yida's departure, Xiangcai Fund has only six fund managers, with an average tenure of just over two years, which is below the industry average [2] - The fund's total asset management scale is relatively low, with only 71.35 billion yuan across 19 products, ranking 145th among over 200 institutions [2] - The current fund managers, including the deputy general manager and chief strategist, have also reported negative returns compared to their peers, indicating a broader issue within the fund's management team [4]