近日，华安基金发布公告，基金经理蒋璆因个人原因卸任其管理的全部9只产品，不再转任公司其他岗位。 这位曾在华安基金任职超过14年半、担任公募基金经理超过10年半的"双十"基金经理（即任职超十年、年化收益超10%）的离开，已经是这家老牌基金公司 近一年内流失的第二位权益大将。 职业轨迹 蒋璆的公募基金职业生涯始于2015年6月，正值上一轮牛市的顶峰，尽管在市场高点开始管理基金，但他仍取得了不俗的业绩。其职业生涯始于实业领域， 曾在韩国浦项钢铁总部负责进出口贸易业务，这段经历培养了他对产业周期的敏感度。2007年，蒋璆转战金融业，先后在国泰君安证券研究所和华宝兴业基 金担任研究员，研究范围覆盖钢铁、有色、机械和新能源等行业。 2011年6月，他加入华安基金，担任投资研究部行业分析师、基金经理助理。四年后，他从研究员岗位升任基金经理，开始管理华安升级主题、华安安信消 费服务和华安动态灵活配置三只基金，正式开启了基金经理生涯。 蒋璆的投资风格具有明显的周期背景和行业轮动特征，一开始，他采用的是自下而上的选股方法，但效果并不理想。 2018年下半年，他转变投资方法，引入"自上而下"的视角，先选择政策和景气共振的赛道，然后 ...

Core Viewpoint - Huazhong Fund announced the retirement of Chairman Zhu Xuehua and the appointment of Xu Yong as the new chairman, effective August 26, 2025, marking a significant leadership transition for the company [1][3]. Group 1: Leadership Transition - Zhu Xuehua will retire on August 26, 2025, after serving as chairman for 11 years, during which he led the company to a tenfold increase in asset management scale [4]. - Xu Yong, the new chairman, has extensive experience in the financial industry, holding a doctoral degree and a fund management qualification [2][8]. - Xu Yong previously served as the general manager of several insurance and fund management companies, including a recent role at China Merchants Fund, where he increased the company's asset scale by 18% [8][10]. Group 2: Company Growth Under Zhu Xuehua - Under Zhu's leadership, Huazhong Fund's asset management scale grew from 71.15 billion to 715.02 billion, a 10.05-fold increase [4]. - The growth was primarily driven by money market funds, which surged from 9.69 billion to 303.86 billion, a 31.37-fold increase [4]. - Non-money market funds also saw significant growth, increasing from 61.46 billion to 411.16 billion, a 6.69-fold increase [4]. Group 3: Challenges Ahead for Xu Yong - Xu Yong faces challenges, including a significant reduction in the scale of mixed funds, which decreased by 55.44% from the end of 2021 [12]. - The integration of Huazhong Fund and Haifutong Fund, following the merger of their parent company, poses additional challenges, including brand changes and potential layoffs [12]. - The integration process may take up to a year, involving over 200 products and a large number of employees from both companies [12].

Group 1 - Huashan Fund recently underwent significant personnel changes, with Xu Yong, the former general manager of China Merchants Fund, appointed as the party secretary, while the current party secretary Zhu Xuehua stepped down [1][3] - Huashan Fund has seen its management scale exceed 700 billion yuan, with impressive performance from some of its managed products [1][5] - The merger of Huashan Fund and Haifutong Fund is approaching, driven by the accelerated integration of their parent company, Guotai Haitong Securities [1][6] Group 2 - Xu Yong's extensive experience in the insurance industry and public fund management is expected to bring new management ideas and development strategies to Huashan Fund, enhancing its market competitiveness [4][8] - As of the end of Q2 2025, Huashan Fund's scale reached 709.62 billion yuan, a 3.44% increase from Q1 and a 10.57% increase year-on-year [5] - The integration of Huashan Fund and Haifutong Fund is anticipated to yield positive effects such as resource integration, cost savings, and improved operational efficiency [8]