Core Insights - Yuan Zuodong, the General Manager of the Equity Investment Department at Xingyin Fund, has resigned due to personal reasons, marking a significant departure in the fund management landscape [1][2][4] - The year has seen a record number of fund manager departures, with 345 managers leaving their positions, indicating a shift in the industry towards high-quality development and adjustments in talent structure [1][6][7] Company Summary - Yuan Zuodong has been a notable figure at Xingyin Fund, managing a total of 20.39 billion yuan across eight funds, including three equity mixed funds and three bond mixed funds [4][5] - His investment strategy focused on balanced approaches, diversifying across various sectors such as consumption, technology, and finance, while also maintaining a dynamic balance between equity and debt [5] Industry Summary - The fund management industry is experiencing a high turnover rate, with 345 fund managers having left their positions this year, the highest in recent years [6][7] - The trend of "clean sweep" resignations is prevalent, with many well-known managers seeking new opportunities, often moving to private equity due to better autonomy and compensation structures [6][7] - Despite the high turnover, the industry is also seeing a significant influx of new talent, with 473 new fund managers hired this year, indicating a robust demand for skilled professionals in the evolving market [7]