Core Viewpoint - The incident involving a fund manager from Western Lide Fund participating in gambling has raised significant concerns regarding compliance and risk management within the fund industry, leading to the manager's dismissal and contract termination [1][4][6]. Group 1: Incident Details - On September 7, the fund manager, Jie Wenzeng, was caught gambling at a hotel in Shanghai and was subsequently detained for ten days and fined 500 yuan by the police [1][2]. - The initial rumors about the incident quickly gained traction due to the high sensitivity of fund managers in the capital market, prompting discussions among investors and media [2][4]. Group 2: Company Response - Western Lide Fund initially stated they were unaware of the situation and did not comment on the rumors until September 25, when they confirmed the manager's identity and the legal actions taken against him [4][5]. - Following the confirmation, the company took immediate action by dismissing Jie Wenzeng and terminating his employment contract, while also committing to enhance employee compliance and ethical standards [1][4]. Group 3: Company Background - Western Lide Fund, established in July 2010, has a management scale of approximately 116.1 billion yuan as of mid-2025, ranking 55th in the industry [5]. - The fund manager, Jie Wenzeng, had been with the company since 2021, managing bond and mixed funds, with a combined management scale of about 3.522 billion yuan [5]. - The company reported a revenue of 200 million yuan in the first half of 2025, reflecting a year-on-year growth of 5.3%, while net profit decreased by 3.1% to 28.09 million yuan [5].