Core Viewpoint - The appointment of Qi Weizhong as a co-manager for two funds at Dacheng Fund signifies a strategic shift aimed at improving fund performance amid declining returns under the previous manager Zhang Ye [3][4][9]. Fund Manager Changes - Dacheng Fund announced the appointment of Qi Weizhong as a co-manager for the Dacheng Consumer Select Equity Fund and Dacheng Enjoy Life Mixed Fund, alongside existing manager Zhang Ye [1][2]. - Qi Weizhong has 13 years of experience in the securities industry and has held various roles within Dacheng Fund since joining in July 2012 [2][3]. Performance Context - The Dacheng Consumer Select Equity Fund has seen a rebound with a 47.09% increase over the past year and a 22.72% increase over the last six months, although it still shows a total return of -12.7% since inception [4][6]. - The Dacheng Enjoy Life Mixed Fund, launched in December 2021, has faced challenges with returns of -4.92% for Class A and -7.04% for Class C shares [6][7]. Strategic Implications - The dual fund manager system is relatively rare at Dacheng Fund and is typically used for smoother transitions or to enhance investment strategies [3]. - The decision to appoint Qi Weizhong appears to be a response to the performance pressures faced by Zhang Ye, who has seen significant declines in fund performance [4][9]. Managerial Dynamics - Following the appointment, Zhang Ye no longer manages any funds independently, indicating a shift in management authority [9]. - Qi Weizhong is now managing nine funds, reflecting the company's trust in his capabilities but also raising concerns about his ability to maintain research depth across multiple products [7][9].