此次闫一帆卸任的创金合信泰享39个月基金资产规模最大。截至三季度末，该基金资产净值约为80.43亿元。 近期，创金合信基金旗下多只基金变更基金经理。 12月13日，创金合信基金发布公告称，基金经理郑振源因工作安排离任创金合信中债1-3年国开债基金、创金合信尊泰纯债债券基金；基金经理闫一帆离任 创金合信季安盈3个月持有期债券基金、创金合信泰享39个月基金。 此次卸任基金的两位基金经理均是创金合信基金旗下百亿级管理规模的基金经理。天天基金网数据显示，闫一帆现任基金资产总规模为152.92亿元，郑振源 现任基金资产总规模为707.20亿元。 公开资料显示，闫一帆现任创金合信基金固定收益总部负责人、利率与衍生投资部负责人；郑振源现任创金合信基金固收策略与指数投资部投资主管。 创金合信泰享39个月基金成立于2020年7月31日，闫一帆自该基金成立便管理该基金。截至三季度末，该基金成立以来的单位净值增长16.59%，跑输业绩比 较基准5.7个百分点；过去1年单位净值增长2.62%，跑输业绩比较基准1.69个百分点。 目前闫一帆在管的创金合信泰博66个月定开债券基金的资产净值同样超过80亿元，截至三季度末，该基金资产净值约 ...

| 离任基金经理姓名 | 李家春 | | --- | --- | | 离任原因 | 工作需要 | | 离任日期 | 2025年12月3日 | | 转任本公司其他工作岗位的说明 | 继续担任固收投资管理中心联席总经理、长信利丰债 | | | 券型证券投资基金、长信可转债债券型证券投资基 | | | 金、长信稳健增长一年持有期混合型证券投资基金和 | | | 长信稳健成长混合型证券投资基金的基金经理。 | | 是否已按规定在中国证券投资基金 | 是 | | 业协会办理变更手续 | | 长信利富债券基金三季报显示该基金为债券型基金，但是仍有部分资金投资股票。截至三季度末，该基金持有股票占比为17.45%，持有债券占比为 75.41%，其中，持有可转债占基金资产净值比例为45.44%，前十大持仓个股分别为山东黄金、贵州茅台、电连技术、迈为股份、华谊集团、深信服、恒立 液压、新宙邦、天顺风能、常润股份。 进入2025年，长信利富债券基金调整基金经理。2025年1月，该基金新增基金经理肖文劲，与李家春、吴晖共同管理该基金，3月份，吴晖离任该基金，12月 份，李家春离任该基金以后，仅剩下肖文劲管理该基金。 公开资料显示，李 ...

Core Insights - On November 28, Dachen Fund announced the resignation of two fund managers, Chen Ji and Wu Haoyang, affecting eight funds, which is notable given the company's limited number of fund managers [1][2][5] - The company has experienced a slow growth in management scale since its establishment, with no new fund launches this year [1][10] Fund Manager Changes - Wu Haoyang resigned due to personal reasons, managing four equity funds with a total scale of less than 20 million yuan [4][6] - Chen Ji also resigned for personal reasons, managing four fixed-income funds with a total scale of 917 million yuan, primarily driven by one fund exceeding 700 million yuan [4][6] Historical Context - Dachen Fund has a history of fund managers leaving before completing three years, with many having short tenures of one to two years [5][6][7] - The company has not launched any new equity funds since 2022, indicating a stagnation in product offerings [10] Company Background - Dachen Fund was established on August 5, 2019, and has not significantly increased its public fund management scale, which is currently below 1.1 billion yuan [8][9]

Core Viewpoint - The announcement of fund manager Guo Xiangbo's departure from Tianhong Fund on October 14, 2025, due to personal reasons, marks a significant change in the management of Tianhong's healthcare-related funds [2][4]. Group 1: Fund Manager Departure - Guo Xiangbo has left his position as the fund manager for Tianhong Medical Innovation and Tianhong Selected Health, effective October 14, 2025 [2][4]. - Guo Xiangbo has been with Tianhong Fund for 11 years, having joined in February 2014, and previously served as the Director of Health Investment [4][5]. - During his tenure, Guo managed four funds, with the longest management period being for Tianhong Medical Health A, which achieved a return of 55.89% over 7 years [4][6]. Group 2: Fund Performance - The annualized returns for Tianhong Medical Innovation A and Tianhong Selected Health A are 2.45% and 7.27%, respectively, with both funds ranking in the top 50% of their peers [4][6]. - Tianhong Medical Health A, managed by Guo, has a return ranking of 163 out of 497 similar funds [4][6]. - Guo's managed assets were valued at 1.243 billion yuan before his departure, having peaked at over 2.1 billion yuan at the end of 2021 [5][6].

Group 1 - The core viewpoint of the articles highlights significant changes in the management team of Guolian Fund, particularly in the equity fund manager segment, with a notable number of departures this year [1][2] - Guolian Fund has seen a total of 7 fund managers leave this year, with 5 of them departing in the second half of the year, indicating a trend of instability within the team [1] - The recent restructuring involved merging the "Equity Investment Department" and the "Research Department" into a new "Equity Research Department," which may have contributed to the turnover [1] Group 2 - The company has hired 7 new fund managers this year, with 6 of them being newcomers without prior public fund management experience, reflecting a shift in talent acquisition strategy [2] - Currently, Guolian Fund has 29 fund managers, with an average tenure of 2 years and 18 days, which is below the industry average of 2 years and 104 days, indicating a relatively inexperienced team [2] - Among the 29 fund managers, 10 have less than 2 years of experience, with 7 being equity fund managers, further emphasizing the challenges in maintaining experienced personnel [2]

Group 1 - The core point of the news is the resignation of Zhai Xiangdong as the fund manager of the China Merchants Advantage Enterprise Mixed Fund, with Lu Wenkai taking over the management responsibilities [1][3]. - The change in fund management is part of the company's long-term planning and resource optimization to meet the practical needs of product management [3][4]. - Zhai Xiangdong managed the fund since April 29, 2022, achieving a return rate of 119.24% as of August 8, 2025 [3]. Group 2 - Lu Wenkai, who has over 14 years of investment research experience and nearly 7 years in public fund management, has been appointed as the new fund manager [3][4]. - The company aims to enhance the professionalism and competitiveness of fund operations to adapt to the complex and changing market environment [4]. - The industry has seen over 200 fund managers resign this year, indicating a trend of personnel changes possibly due to personal career adjustments or seeking more challenging platforms [5][6].

Core Viewpoint - The resignation of fund manager Fan Kun from Rongtong Fund has led to a significant decline in the management scale of equity funds, while bond and index funds have seen growth, indicating a shift in product allocation strategy [1][2]. Fund Management Changes - Fan Kun has resigned due to personal reasons, and her management responsibilities for four funds have been transferred to new managers [1]. - The funds managed by Fan Kun have seen a drastic reduction in scale, dropping from over 10 billion yuan to under 4 billion yuan as of the first quarter of this year [2]. Performance Metrics - The longest-managed fund, Rongtong Domestic Demand Driven Mixed A, achieved a return of 99.61% during Fan Kun's tenure, but its scale decreased from a peak of 2.434 billion yuan to 846 million yuan [2]. - The performance of this fund compared to its peers shows a decline, with its one-year return lagging behind the average of similar funds [2]. Fund Scale Trends - The total scale of stock and mixed funds has been on a downward trend, with a combined scale of 16.65 billion yuan at the end of the first quarter, down from 47.158 billion yuan at the end of 2020 [3].

Group 1 - The core point of the news is the resignation of Bao Wuke, a prominent fund manager at Invesco Great Wall Fund, due to personal reasons, effective May 16, 2025 [2][4] - Bao Wuke managed a total of 8 funds with an aggregate scale of 16.207 billion, with five of them achieving an annualized return exceeding 10% [4] - The resignation follows a trend in the industry where 138 fund managers have left their positions this year, marking a 22% increase compared to the same period last year [7] Group 2 - Invesco Great Wall Fund has appointed new fund managers for the 8 funds managed by Bao Wuke prior to his resignation, indicating a proactive approach to management continuity [2][6] - The industry is experiencing high turnover, with 213 new fund managers appointed this year, reflecting a dynamic and competitive environment [7] - The departure of Bao Wuke and other notable fund managers may be influenced by performance pressures, internal company factors, and the competitive landscape of the fund management industry [9]

Core Viewpoint - The departure of renowned fund managers from small and medium-sized fund companies has significant impacts, but it also presents opportunities for these firms to rethink their strategies and diversify their product lines [1][5][7]. Group 1: Impact of Departures - Since 2024, several well-known fund managers have left their positions, leading to noticeable declines in the managed equity scale of small and medium-sized fund companies [1]. - The exit of a "star" manager often results in substantial changes in fund performance, with some successor managers maintaining or even improving the investment strategies [2][3][4]. Group 2: Performance of Successor Managers - After the departure of Qiu Dongrong, Liu Sheng took over the management of Zhonggeng Value Navigation, achieving a return of 15.90% year-to-date and 18.83% since the departure date, outperforming the CSI 300 Index [3]. - Other funds managed by successors also showed varied performance, with Zhonggeng Value Quality achieving an 11.31% return year-to-date, while Zhonggeng Small Cap Value had a return of 16.53% since the departure but underperformed year-to-date [3]. Group 3: Industry Trends and Responses - The frequent turnover of fund managers is attributed to various factors, including performance pressure, industry competition, and personal career plans [6]. - The China Securities Regulatory Commission's recent action plan aims to shift the focus of fund companies from "scale" to "returns," providing new guidance for the development of small and medium-sized fund companies [8][9]. Group 4: Strategic Shifts in Fund Companies - The departure of key talent is prompting fund companies to reflect on their governance mechanisms and long-term incentives to retain core personnel [7]. - Companies are encouraged to adopt a platform-based survival strategy, focusing on building brand value and investment capabilities independent of individual managers [7][9].

Core Viewpoint - The A-share market experienced a strong performance in the first half of the year, with major indices rising across the board, while the number of fund managers leaving their positions reached a decade-high, indicating a significant shift in the public fund industry towards team-based operations and away from individual "star" managers [1][2][6]. Group 1: Market Performance - The Shanghai Composite Index rose by 2.76%, the North Star 50 Index surged by 39.45%, and the National 2000 Index increased by over 10% in the first half of the year [1]. - As of June 30, the total number of public fund managers reached 4,042, marking the highest level in nearly a decade, with a net increase of 89 managers compared to the beginning of the year [6]. Group 2: Fund Manager Departures - A total of 182 fund managers left their positions in the first half of the year, the highest number for the same period in the past ten years, involving 99 public fund management companies [2][4]. - Notable departures included influential managers such as Hong Liu and Jin Meng from Harvest Fund, who left due to performance pressures, with their managed funds showing returns of -48.66% and -45.40% respectively [4][5]. Group 3: Industry Trends - The trend of "de-starification" in the industry is accelerating, with team-based management becoming the mainstream approach, driven by the need to adapt to the departure of veteran managers and to cultivate new talent [6]. - In the first half of the year, 2,525 products experienced changes in fund managers, with 703 active equity funds undergoing such changes, of which 244 were newly co-managed, accounting for nearly 35% [6][7].