Core Viewpoint - The departure of Chen Zhenyu, the deputy general manager of Anxin Fund, from the management of Anxin Value Growth Mixed Fund, despite its solid performance, indicates a significant internal restructuring and power dynamics within the company [1][4]. Group 1: Management Changes - Chen Zhenyu's resignation from Anxin Value Growth, where he achieved an annualized return of 13.71%, raises questions about the internal governance and the dynamics of power within Anxin Fund [1][3]. - The management structure, characterized by a "deputy general manager nominally in charge with junior managers executing," suggests a potential "shadow management" scenario, prompting discussions about the actual contributions of senior leaders in fund management [2][3]. Group 2: Institutional Investor Behavior - The recent departures of multiple fund managers from Anxin New Growth Fund, following significant outperformance, coincide with a sharp withdrawal of institutional investors, indicating a strategic exit aligned with profit-taking and tax considerations [3][4]. - The high institutional ownership of 96.22% in Anxin New Growth Fund prior to the mass exit highlights the fund's tailored nature for large investors, raising concerns about the implications for retail investors left behind [3][4]. Group 3: Implications for Fund Stability - The frequent changes in fund managers, with 42 products experiencing management changes since 2025, pose challenges to the stability of investment research and management within Anxin Fund [3][4]. - The transition of power and the shift from a focus on scale and star managers to addressing sustainability pressures post-institutional exits reflect a critical juncture for Anxin Fund [4].

来源：基客星球 固收大佬姜晓丽之后，又有几位基金经理赶在春节前离职，前有重磅，后有10天长假，关注度低了很 多，有些还是值得说一说的。 1、交银 余李平 有点突然，节前最后一个交易日，交银荣鑫发了基金经理变更公告，基金经理由余李平变更为刘庆祥。 | 基金名称 | 交银施罗德荣鑫灵活配置混合型证券投资基金 | | --- | --- | | 非金间称 | 交银荣鑫灵活配置混合 | | 基金主代码 | 519766 | | 基金管理人名称 | 交银施罗德基金管理有限公司 | | 公告依据 | 《基金管理公司投资管理人员管理指导意见》、《公开募集证券投资 基金信息披露管理办法》等 | | 非金经理变更类型 | 增聘基金经理、解聘基金经理 | | 新任基金经理姓名 | 刘庆祥 | | 共同管理本基金的其他基 | | | 金经理姓名 | | | 离任基金经理姓名 | 余李平 | | 离任基金经理姓名 | 余李平 | | --- | --- | | 离任原因 | 工作安排 | | 离任日期 | 2026年2月13日 | | 转任本公司其他工作岗位 | | | 的说明 | | | 是否已按规定在中国基金 | 是 | | 业 ...

"自从2009年工作以后，从来没有休过长假……"近日，天弘基金旗下一位管理规模超350亿元的基金经理姜晓丽因个人原因离任， 其发布的一封致投资者的信引发关注。姜晓丽称，要彻底给自己放个假，希望能调整自己的状态，以更好的状态迎接下一个人生阶段。 公开资料显示，姜晓丽拥有16年证券从业经验，于2009年加入天弘基金，2012年起管理公募基金。她管理的产品类型主要为固收 类，包括偏债混合基金及混合二级债基，最高管理规模接近800亿元；截至离职前一个季度末，管理规模仍超350亿元。 300亿规模基金经理离职 根据天弘基金公告，旗下基金经理姜晓丽因个人原因，于2月9日"清仓式"卸任旗下10只公募基金产品，至此她再无公募基金管理。 基金经理期望休个长假 姜晓丽还表示，能够成为一名基金经理，将自己对研究的喜爱和为大众创造价值的使命结合起来，是她最大的幸运。同时，她对天 弘基金给予的培育与滋养表示了感谢，并感谢了领导和同事一路以来的支持和鼓励。 姜晓丽离职同日，天弘基金微信公众号同步发布了《致天弘固收+投资者的一封信》，其中包含姜晓丽写给投资者的一篇文章，她 在文章中袒露了离职原因。 "多年来，紧张的投研工作和管理工作占用了 ...

公募基金人员变动不停，这次涉及百亿基金经理。2月9日，天弘基金宣布姜晓丽因个人原因离任10只产品的基金经理，并官宣离 职。一度手握超700亿元管理规模的姜晓丽，被业内称为天弘基金的"固收一姐"。对于离职的原因，任职十余年的姜晓丽坦言是想彻 底给自己放个假。值得关注的是，除了姜晓丽，近半年，天弘基金旗下还有多名"舵手"也因个人原因离任，其中不乏加盟公司超十 年的"老将"。有观点认为，对基金公司而言，唯有构建市场化激励机制、平台化投研体系、人性化管理文化三位一体的留人体系， 才能在激烈的人才竞争中保持优势。 天弘基金还提到，公司"固收+"业务采用多基金经理共管模式，依托体系化投研框架进行决策。现任基金经理将继续秉持产品既定的 投资目标与风险收益特征，严格执行原有的投资决策流程与风控标准。投资者持有产品的风险收益特征、投资范围不会发生重大变 化。 回顾机构发展情况，天弘基金是国内较早系统布局"固收+"业务的基金公司。同花顺iFinD数据显示，截至2025年末，天弘基金在管 公募总规模为1.25万亿元，其中货币基金总规模8276.97亿元，非货规模4254.9亿元。从"固收+"规模来看，截至2025年末，天弘基金 旗 ...

Core Viewpoint - Tianhong Fund announced the resignation of fund manager Jiang Xiaoli due to personal reasons, emphasizing the company's commitment to maintaining stable operations of its products through a robust research and investment system [4]. Group 1: Resignation Announcement - Jiang Xiaoli has resigned from all public fund products she managed, citing a desire for a break and to focus more on family [4]. - The company respects her decision and expresses gratitude for her long-term professional contributions [4]. - Jiang Xiaoli has 16 years of experience in the securities industry, managing a total of 10 funds with an aggregate scale of 35 billion yuan as of her resignation date [4]. Group 2: Impact on Funds - Tianhong Fund stated that the "fixed income+" business operates under a multi-manager model, ensuring product strategy stability [5]. - The incoming fund manager will continue to execute established investment goals and processes, with no significant changes to the investment scope [5]. - The research and investment team will provide comprehensive support to ensure continuity [5].

Group 1 - The core speculation revolves around the potential departure of Chen Qiming, a senior fund manager at Huafu Fund, following a series of announcements regarding changes in fund management [2][3] - On January 17, 2026, Huafu Fund announced changes in fund managers for several products managed by Chen Qiming, further fueling market speculation about his imminent departure [4] - Chen Qiming has been with Huafu Fund since February 2010, holding various positions, and has recently been promoted to Vice General Manager and Director of Equity Investment [4][5] Group 2 - Huafu Fund has experienced frequent personnel changes and structural adjustments since 2025, including the resignation of key executives and a shift in the board of directors [6] - The company is undergoing a dual transformation in management and ownership, with its largest shareholder, Huazhong Securities, planning to increase its stake to gain control [3][7] - As of the third quarter of 2025, Huafu Fund's total public fund size was approximately 106.21 billion yuan, with a significant portion in bond and money market funds [7] Group 3 - Chen Qiming's management performance has been notable, with returns of 47.87%, 50.30%, and 16.58% over the past one, two, and three years, respectively, significantly outperforming the CSI 300 index [5] - The recent changes in fund management, including the appointment of new co-managers, suggest a strategy for a smooth transition in investment management [4][5] - Huafu Fund's financial performance has been under pressure, with a decline in revenue and net profit in 2024 compared to the previous year [7][8]

Group 1 - The article highlights a trend where many fund managers are expected to leave their positions next year, indicating a saturation point in their careers [1] - It notes that many of the top 30 fund managers this year are from companies with good incentives and flexible mechanisms, rather than large platforms [1] - There is a significant trend of established fund managers actively reducing their product offerings and management scale, suggesting that managing large products is becoming less profitable [1] Group 2 - The article mentions specific fund managers, such as those from Shanghai, who have performed well after leaving their positions earlier this year [2] - It indicates that the departure of fund managers from the new energy sector has been notable, with those who left at the beginning of the year achieving strong performance and increased fundraising [3] - The anticipated wave of departures among fund managers is expected to be quite intense [3]

Core Viewpoint - The resignation of veteran fund manager Zou Xi from Rongtong Fund, along with the ongoing trend of fund manager departures amid a bull market and compensation reforms, signals a shift in the industry towards a new generation of managers [1][2][6]. Group 1: Fund Manager Resignation - Zou Xi has resigned from managing four funds, including Rongtong Industry Prosperity and Rongtong Industry Trend, and is succeeded by several mid-generation fund managers [1][3]. - Zou Xi has been with Rongtong Fund since February 2001 and has significantly contributed to the firm's investment strategies and performance [1][4]. - The transition of fund management to mid-generation managers, such as Li Jin and He Long, reflects the company's focus on nurturing new talent [3][4]. Group 2: Industry Trends - The current bull market is accelerating the trend of fund manager departures, with historical data showing that such departures peak during bullish market conditions [6][7]. - Since 2016, the number of fund manager resignations has been increasing, with a record high of 322 departures in 2021, surpassing previous peaks in 2007 and 2015 [7]. - The industry is witnessing a shift where veteran managers are leaving to establish their own firms or join private equity platforms, indicating a significant transformation in the public fund sector [6][7]. Group 3: Company Strategy - Rongtong Fund is enhancing its research and investment capabilities by optimizing its organizational structure and introducing core talent since becoming a state-owned public fund company in 2022 [4][5]. - The company has established a large asset allocation investment committee to determine strategic asset allocation on a quarterly basis, aligning with industry reform requirements [5]. - The firm emphasizes a "platform-based, team-oriented, integrated, and multi-strategy" investment research system to strengthen its competitive position in the market [4][5].

Core Viewpoint - The resignation of veteran fund manager Zou Xi from multiple funds at Rongtong Fund signals a shift in the industry, with a focus on nurturing mid-generation managers amid a bull market and compensation reforms [1][2][4][5][8] Group 1: Fund Manager Resignation - Zou Xi has resigned from managing four funds, including Rongtong Industry Prosperity and Rongtong Leading Growth, passing the responsibilities to several mid-generation managers [1][4] - Zou Xi's tenure on Rongtong Industry Prosperity lasted over 13 years, achieving a return of 161.32% during his management [4] - The transition involves notable managers such as Li Jin, He Long, Wan Minyuan, and Cheng Yuekai, indicating a strategic shift within the fund management team [4][5] Group 2: Industry Trends - The current bull market is accelerating the trend of fund manager resignations, with historical data showing that departures often peak during such market conditions [8] - The fund industry is experiencing a transformation, with a focus on internal adjustments and the cultivation of mid-generation talent [5][6][8] - The establishment of a large asset allocation investment committee and the optimization of a public portfolio operation mechanism reflect the industry's response to reform requirements [6][7]

Core Viewpoint - The recent mass resignation of bond fund managers at Bosera Fund highlights increasing instability within the company's fixed income team, raising concerns about its overall strength and performance in the public fund industry [1][4]. Group 1: Manager Resignation Details - He Ping has completed a "clearance" of all nine products under management within half a month, resigning from three long-term pure bond products on August 14 and previously from two products on July 25 and four on July 31 [1][2]. - As of the end of Q2, He Ping managed a total of 33.701 billion yuan across nine products, marking a significant transition in the management of these funds [1][2]. - Following He Ping's departure, several other managers, including Wan Zhiwen, have also left Bosera Fund this year, indicating a trend of high turnover among bond fund managers [1][3]. Group 2: Industry Trends - The public fund industry has seen a notable increase in the turnover of bond fund managers, with over 1,470 products changing managers this year, of which more than 40% are bond funds [5][6]. - The trend of high turnover is not unique to this year, as similar patterns were observed in 2023 and are expected to continue into 2024 [6]. - The high turnover rate among bond fund managers is attributed to the large scale and similar strategies of bond funds, which often lead to multiple products being transferred when a manager departs [6]. Group 3: Company Performance - As of the end of Q2, Bosera Fund's total public asset management scale reached 1.08 trillion yuan, reflecting a growth of 54.212 billion yuan from the previous quarter [3]. - The asset management scale of Bosera Fund's bond funds was reported at 419.65 billion yuan, indicating its significant presence in the fixed income market [3].