Core Insights - CITIC Prudential Fund announced the appointment of Wang Ying and Jiang Feng to co-manage the CITIC Prudential Prosperity Preferred Mixed Fund, while Wang Ying, Chen Lan, and Jiang Feng will co-manage the CITIC Prudential Anxin Return Bond Fund [1] - Jiang Feng, currently an assistant director in the equity investment department, has achieved a return rate of 128.24% since taking over the CITIC Prudential Multi-Strategy Flexible Allocation Mixed Fund on April 14, 2020, with an annualized return of 16.40% [3] - The recent trend of co-management among fund managers is noted, with Liu Peng from CCB Principal Asset Management also losing sole management of his funds [3] Industry Trends - The number of fund managers who have left their positions in the public fund industry has reached 299 this year, while 418 new fund managers have been appointed [3] - The changes in fund management personnel reflect the competitive landscape of the public fund industry, emphasizing the importance of building a sustainable research and investment system for companies [3]

Core Viewpoint - The article highlights the trend of high-performing fund managers potentially leaving their positions, as indicated by the recent hiring of additional fund managers for their managed products [2][4]. Fund Manager Changes - On September 17, it was announced that fund manager Jiang Feng from CITIC Prudential Fund has had additional managers appointed for the CITIC Prudential Prosperity Preferred Mixed Fund and the CITIC Prudential Anxin Return Bond Fund, signaling a possible departure [4][6]. - Similarly, fund manager Liu Peng from China Merchants Sheldon's funds has also seen additional managers appointed, indicating he may also be considering leaving [7][8]. Industry Trends - The article notes that the number of fund managers leaving their positions has been significant this year, with 299 fund managers having left as of September 17, while 418 new managers have been appointed [9]. - The changes in fund manager positions are attributed to the implementation of a new performance evaluation system for fund managers, which has led some to leave if they do not meet the new criteria [9][10]. Market Dynamics - The article discusses the "Matthew Effect" in the fund industry, where successful fund managers are increasingly moving to larger platforms, reflecting a competitive landscape [10].