Group 1 - The core viewpoint of the news is the management changes at Beixin Ruifeng Fund, with Liu Xiaoling resigning as general manager and Xuan Xuezh柱 taking over the position, marking the second core management change in 2023 [1][2] - The new general manager, Xuan Xuezh柱, has extensive experience in financial institutions, having held various senior positions at Beijing Bank [1] - Liu Xiaoling served as general manager for less than two years, having previously worked at several other financial institutions in various roles [1] Group 2 - Beixin Ruifeng Fund has faced significant growth pressures, with its management scale shrinking from a peak of 13 billion yuan in 2020 to only 2.706 billion yuan currently [2] - The fund's core product, the Stable Income Fund, accounts for over 80% of the current public management total scale, with a single product scale of 2.2 billion yuan [2] - The number of employees at Beixin Ruifeng Fund has decreased by over 40% in just over a year, from 88 to 52 [2] - The company is currently struggling with issues such as stagnant growth and talent loss, following a series of high-level departures in 2021 and lackluster performance in recent years [2]