Core Insights - A report by Zhito Finance highlights that 64 fund managers have underperformed their benchmarks by over 10% in annualized returns over the past three years, with some notable managers included [1] Group 1: Fund Managers Performance - Among the 64 fund managers, two from China Universal Asset Management, Zou Yun and Zeng Guofu, are listed for managing funds that have all underperformed their benchmarks by over 10% [1] - Zou Yun manages four funds with a total scale of 1.484 billion yuan, with the worst-performing fund, Xin'ao Zhicheng Selected Mixed A, showing a return of -52.97% since its management began in March 2021 [1][4] - Zeng Guofu oversees three funds with a total scale of 469 million yuan, where the Xin'ao Industry Preferred One-Year Holding Mixed A and C have returns of -50.01% and -51.27% respectively since March 2022 [1][6] Group 2: Fund Performance Data - The performance data for Zou Yun's funds shows that Xin'ao Hongli Return Mixed has a return of 21.19% since May 2019, while the other three funds have significantly lower returns, with the worst being -52.97% [2][3] - Zeng Guofu's funds include Xin'ao Small and Medium Cap Mixed with a return of 29.57% since April 2019, while the other two funds have negative returns, with the worst being -51.27% [5][6] Group 3: Fund Holdings - As of the first quarter, Xin'ao Zhicheng Selected Mixed A's top ten holdings include major consumer companies such as Qingdao Beer and Kweichow Moutai [4] - Xin'ao Industry Preferred One-Year Holding Mixed A and C have reduced their positions in the metals and internet sectors while increasing their stakes in consumer industries [6]