Core Viewpoint - The public fund industry is witnessing a trend of "clearance-style" resignations among star fund managers, with significant implications for both fund companies and investors [1][4]. Group 1: Manager Resignation Details - On April 1, 2024, China Merchants Fund announced the resignation of star fund manager Ma Long from the management of the China Merchants Anxin Yield Bond Fund, with Wang Zilin taking over [1]. - Ma Long has resigned from managing nine products since the second half of 2023, with a peak management scale close to 90 billion yuan [1][3]. - The company stated that the changes are part of an overall adjustment for optimizing research and investment team resources [1][3]. Group 2: Industry Trends - As of April 1, 2024, 93 fund managers have resigned this year, which is higher than the same period last year [8]. - The trend of increasing fund manager resignations is linked to the rapid development of the fund industry and a shift towards team-based operations, moving away from individual star managers [8]. Group 3: New Management Assignments - After Ma Long's departure, Liu Wanfeng will take over the China Merchants Industry Bond, while Wang Zilin will manage the China Merchants Anxin Yield Fund [5]. - Liu Wanfeng has nearly 16 years of research and investment experience, with 10 years in public fund management [6]. - The fixed income investment team at China Merchants Fund consists of nearly 40 research and investment personnel, with an average experience of over 11 years [6].