Core Viewpoint - The sudden resignation of Duan Weijing, a prominent fund manager at Ping An Fund, has raised concerns about the stability and talent retention within the firm, particularly in its fixed income sector, as she steps down from managing seven funds, including those with only four months of operation [1][2]. Group 1: Managerial Changes - Duan Weijing's departure is part of a broader trend, with eight fund managers leaving Ping An Fund in the past year, indicating a significant personnel shake-up within the company [1]. - The exit of Duan Weijing follows the earlier departure of another senior fixed income manager, Zhou Enyuan, to Dacheng Fund, highlighting a potential talent drain in Ping An Fund's fixed income division [1][2]. Group 2: Fund Performance - During her tenure, Duan Weijing managed the Ping An Jin Guanjia Money Market Fund, which achieved a total return of 24.89%, ranking in the top 8% of its peers, generating a profit of 2.424 billion yuan for investors from 2017 to the end of 2024 [2]. - The Ping An Hexi 1-Year Open-End Bond Fund, under her management, recorded an annualized return of 4.63%, exceeding its benchmark by 2.24 percentage points [2]. - As of the end of Q1 2025, Duan Weijing managed a total of 32.059 billion yuan in assets, solidifying her position as a key figure in Ping An Fund's fixed income sector [2]. Group 3: Transition and Challenges - Following Duan Weijing's resignation, the management of the Ping An Jin Guanjia Money Market Fund was handed over to Luo Wei, who has seen a significant drop in the fund's annualized yield to 1.52%, a 43.49% decrease from Duan's management period [6]. - The new manager, Li Xiaotian, has rapidly taken over 19 bond funds, increasing his managed assets to 35.006 billion yuan, but faces challenges as the Ping An Hui Rong Pure Bond Fund's management scale decreased by 41.66% in the first quarter after his takeover [6][7]. - A comparison of performance metrics shows that Duan Weijing's total return rate during her tenure was 28.28% with an annualized return of 3.45%, while her successor Luo Wei's performance was slightly lower at 27.72% and an annualized return of 2.76% [7].