Core Insights - The retirement of He Yanping, the general manager of Western Li De Fund, marks a significant leadership change in the public fund industry, as she has led the company for nearly a decade and transformed it from a small fund with less than 10 billion in assets to a mid-sized player with over 100 billion in assets under management [1][3]. Group 1: Leadership Change - He Yanping has retired due to reaching retirement age, and He Fang will take over as acting general manager [1]. - Under He Yanping's leadership, Western Li De Fund established a stable and differentiated positioning as a "basic product supplier" [2][3]. - The company has seen a compound annual growth rate of over 25% in non-monetary fund management scale, achieving a total management scale exceeding 100 billion, ranking within the top 50 in the industry [3]. Group 2: Organizational Development - Western Li De Fund has developed a "shared" organizational system centered around a "modular matrix structure" and the "WISE system," enhancing operational efficiency and decision-making [2]. - The "WISE system" is a self-developed technology core that improves research efficiency and allows fund managers to standardize their investment logic and experience [2]. Group 3: Industry Context - The public fund industry has seen a trend of leadership changes due to retirement, with several high-profile executives stepping down in 2023 [4]. - The industry is transitioning from rapid growth to a phase of high-quality development, with new talent expected to bring fresh perspectives [5].

Core Viewpoint - The retirement of He Yanping, the general manager of Western Gain Fund, marks a significant transition in the public fund industry, highlighting the importance of leadership stability and strategic growth in the sector [2][4]. Group 1: Leadership Transition - He Yanping has retired due to age after nearly ten years of leadership at Western Gain Fund, during which the company grew from a small fund with less than 100 billion in assets to a mid-sized player with over 1000 billion in assets under management [2][4]. - The board of Western Gain Fund expressed gratitude for He Yanping's contributions during her tenure, emphasizing the stability in management and strategic direction she provided [4]. Group 2: Company Growth and Strategy - Under He Yanping's leadership, Western Gain Fund established a differentiated positioning as a "basic product supplier," which contributed to the stability and resilience of its various business lines, including fixed income, quantitative, equity, and mixed assets [3][4]. - The company achieved a compound annual growth rate of over 25% in non-monetary fund management scale, with its overall management scale surpassing 1000 billion, ranking within the top 50 in the industry [4]. Group 3: Industry Trends - The public fund industry has seen a notable increase in leadership changes due to age, with several executives retiring in 2023, indicating a normal transition as the industry shifts from rapid growth to a phase of high-quality development [5][6]. - The retirement of veteran leaders is expected to bring in new talent, injecting fresh perspectives into the industry, which is crucial for its ongoing evolution [6].

Core Viewpoint - The article discusses the retirement of He Yanping, the General Manager of Western Lide Fund, and the appointment of He Fang as the acting General Manager, highlighting the company's growth and achievements during He Yanping's tenure [2][4]. Management Changes - On October 10, Western Lide Fund announced the retirement of General Manager He Yanping due to reaching retirement age, effective October 4 [4][6]. - He Fang, the Chairman, has been appointed as the acting General Manager [4][5]. Company Performance - As of June 30, 2025, Western Lide Fund achieved a compound annual growth rate of over 25% in non-monetary fund management scale, surpassing 100 billion yuan, reaching 116.646 billion yuan [9]. - The company manages 74 public funds, with a significant portion in bond funds, totaling 78.898 billion yuan, and money market funds amounting to 23.613 billion yuan [9]. Investment Strategy and Structure - Under He Yanping's leadership, the fund established a stable and differentiated positioning as a "basic product supplier," leading to resilience across various business lines including fixed income, quantitative, equity, and mixed assets [7]. - The company developed a "shared" organizational system centered around a "modular matrix structure" and the "WISE system," enhancing decision-making efficiency and research capabilities [7]. Historical Context and Achievements - Western Lide Fund was founded in July 2010 with a registered capital of 370 million yuan, and is a state-controlled fund management company [9]. - Over the past decade, the fund's fixed income products have achieved a performance of 91.87%, ranking 1st out of 71 in the industry [10].

Core Viewpoint - The general manager of Western Leading Fund, He Yanping, has retired due to reaching retirement age, and the chairman, He Fang, will take over the role of general manager [1][3][4]. Company Overview - As of June 30, 2025, Western Leading Fund achieved a compound annual growth rate of over 25% in its non-monetary fund management scale, with the overall management scale surpassing 100 billion yuan, reaching 116.646 billion yuan [1][9]. - The company manages 74 public funds, covering various types including equity, index, mixed, bond, and money market funds, with bond funds accounting for the majority at 78.898 billion yuan and money market funds totaling 23.613 billion yuan [9]. Leadership Transition - He Yanping has served as the general manager since November 2015 and has contributed significantly to the company's business development, establishing a stable and differentiated positioning as a "basic product supplier" [7][9]. - The board expressed gratitude for He Yanping's contributions during her tenure [4]. Performance Metrics - Under He Yanping's leadership, the fund's management scale and quality have steadily improved, with the bond products achieving a performance of 91.87% over the past ten years, ranking 1st out of 71 in the industry [9]. - The equity products have also performed well, with a return of 47.52% over the past five years, ranking 25th out of 141 [9]. Organizational Structure - The company has established a "shared" organizational system centered around a "modular matrix structure" and the "WISE system," which enhances research efficiency and allows for the standardization of investment logic [7].

2015年，一批在中国资管行业已经闯出了一点名堂的中年人聚在一起，做出了一个有些理想主义的决定 ——离开各自成熟机构中的安稳职位，按照心中多年来的所思所想，从头打造一家有特色的公募基金公 司。 1982年，30岁的霍华德·舒尔茨毅然辞去瑞典柏士德公司子品牌副总裁——一份年薪7.5万美元——的职 位，选择加入了彼时仅有四家门店的星巴克，他相信，咖啡店不应该只是卖咖啡的地方。此后三十多 年，这位向世界普及"第三空间"文化的"星巴克之父"，让人们看到了咖啡店的另一种可能性。 彼时的西部利得基金正是这样一片试验田。2010年成立的西部利得基金，最初经历了外方股东主导的经 营阶段。2014年公司股权结构发生变化，西部证券（002673）成为控股股东，利得科技成为参股股东。 在新的股权结构下，公司迎来了全新的发展机遇。寻求破局之道的股东方与怀揣"做点事"决心的经营班 子一拍即合，西部利得基金的"二次创业"故事由此展开。公募基金行业迎来了一家定位"基础产品供应 商"的基金公司。 转型与重建的艰辛按下不表，"二次创业"十年，西部利得基金 "基础产品供应商"的理念逐渐为客户所 认可。在十年如一日对"清晰、不漂移"产品策略的坚持 ...