Sou Hu Cai Jing·2025-11-03 12:59Core Viewpoint - The founder and general manager of QuanGuo Fund, Wang Guobin, passed away on November 3 due to illness, leading to the appointment of Ren Li as the acting general manager. Wang was recognized as one of the successful value investors in China's A-share market with 30 years of experience in the securities industry [2][5][20]. Company Overview - QuanGuo Fund was established in 2022 and is recognized as the only "personal system" public fund approved that year, with a registered capital of 100 million yuan [8][10]. - The fund has grown significantly, managing a total of 23.787 billion yuan as of September 2023, marking a 48% increase from 16 billion yuan in the same period of 2022 [12]. Leadership Transition - Following Wang Guobin's death, Ren Li, who has nearly 20 years of experience in the financial industry and previously held various positions at Dongfang Securities, has taken over as acting general manager [20]. - Ren Li's leadership will be crucial for QuanGuo Fund to maintain its competitive edge in the public fund market, especially given the challenges faced by "personal system" public funds in brand recognition and channel cooperation [20]. Investment Philosophy and Performance - Wang Guobin emphasized the importance of investing in great companies and growing alongside them, a principle that guided the fund's operations [5]. - The fund's investment strategy focuses on fundamental analysis and thorough research to allocate capital to capable enterprises at reasonable prices [11]. - As of the third quarter of 2025, the fund's mixed fund performance showed a net value growth rate of 45.58%, with significant holdings in sectors such as manufacturing and software [16]. Fund Management and Structure - The fund's management team includes experienced professionals, with the largest fund, QuanGuo XuYuan, managing 19.069 billion yuan, accounting for 80.17% of the total fund size [15]. - The fund's top ten holdings include major companies like CATL, Tencent, and Alibaba, with manufacturing making up 53.23% of the industry allocation [16][18].