Core Viewpoint - The article highlights the recent trend of experienced fund managers leaving the public fund industry, with a focus on the departure of Li Xin from Huazhang Fund and the implications for the industry as a whole [2][6][9]. Summary by Sections Departure of Fund Managers - Li Xin, a senior fund manager at Huazhang Fund, is set to leave due to personal reasons, with his resignation effective on May 6. He has managed a total of 7 funds with a combined scale of 8.016 billion yuan, achieving over 100% returns on two funds during his tenure [2][3]. - The article notes that Li Xin is not alone in his departure; other notable fund managers such as Zhou Haidong, Wang Peng, and Cao Mingchang have also left their positions this year, indicating a significant turnover in the industry [6][7]. Performance of Li Xin - During his nearly 10 years in investment management, Li Xin has created two "doubling funds," with Huazhang Intelligent Equipment Theme A achieving a return of 223.04% and an annualized return of 12.68%. His other fund, Huazhang Low Carbon Life A, saw a return of 148.26% with an annualized return of 15.96% [3][4]. - Other funds managed by Li Xin, such as Huazhang Small and Medium-sized Growth and Huazhang Technology Power, also reported returns exceeding 50% [3]. Industry Trends - The public fund industry has seen a notable increase in the turnover of fund managers, with 126 managers leaving their positions this year alone. Despite this, the number of public fund managers has reached a historical high of 4,019, indicating a continuous influx of new talent [8]. - The article discusses the shift towards a more team-oriented approach in public fund management, as firms aim to reduce reliance on individual fund managers. This includes hiring additional managers and adopting co-management models to mitigate the impact of departures on fund performance [9].

Core Viewpoint - Li Xin, a veteran fund manager with nearly 10 years of experience, will resign from all managed products on May 6, with new managers taking over, indicating a trend of experienced professionals managing funds in the industry [1][2][4]. Group 1: Fund Manager Transition - Li Xin has managed a total of 7 funds with a combined scale of 8.016 billion yuan, achieving impressive returns, including 219.07% for the Huaan Intelligent Equipment Theme A fund [1][2]. - The new fund managers, including Liu Changchang and Xiong Zheyin, have extensive experience, with Liu having 14 years in the industry and taking over the Huaan Intelligent Equipment Theme A fund [2][4]. - Other funds managed by Li Xin, such as Huaan Low Carbon Life A, also show strong performance with a return of 145.37% [2][3]. Group 2: Market Context and Trends - The trend of "clean slate" resignations among fund managers has been observed, with several managers leaving all managed products this year, indicating potential instability in fund management [4][5]. - The market has seen increased volatility since 2025, leading to performance pressures on fund managers, which may contribute to their decisions to resign [5]. - Fund companies are adapting by hiring additional managers and implementing co-management strategies to mitigate the impact of manager departures on fund performance [5].