Core Viewpoint - Tianzhi Fund has appointed Lin Hongjun as the new general manager, marking a significant leadership change in the company, which has a history of 22 years [1][3]. Management Changes - On October 31, Tianzhi Fund announced a major management adjustment, with Lin Hongjun promoted from deputy general manager to general manager, effective from the same date [3]. - The announcement also stated that Chai Xiaoxiu will no longer act as the interim general manager [3]. - This change follows a series of high-level personnel shifts within the company, including the appointment of Chai Xiaoxiu as chairman and the resignation of former general manager Xu Jiahua earlier this year [3]. Company Background - Established in May 2003, Tianzhi Fund has been operating for 22 years, with its largest shareholder being Jilin Province Trust Co., Ltd., holding over 60% of shares [5]. - The second-largest shareholder is China Jilin Forest Industry Group Co., Ltd., with nearly 40% ownership [5]. Asset Management and Fund Performance - As of the end of Q3 this year, Tianzhi Fund's public asset management scale is less than 10 billion yuan, with over 80% of its assets in bond funds [5]. - The company has a significant number of small-scale funds, with 9 out of 16 funds having a size below 50 million yuan [5]. - In terms of performance, the company's equity funds have shown mixed results this year, with Tianzhi Trend Select achieving a return of 54.89%, ranking in the top 10% of its category, while Tianzhi Quantitative Core Select has a return of -11.91%, ranking at the bottom of its category [5]. Future Outlook - Industry insiders believe that with the establishment of a new executive team, Tianzhi Fund is expected to enter a new phase of development [4].

Group 1 - The core point of the article is the appointment of Lin Hongjun as the new general manager of Tianzhi Fund, marking a significant leadership change in the company [2][4]. - Lin Hongjun's appointment follows a series of high-level management changes within Tianzhi Fund, including the departure of the previous general manager and chairman [7][8]. - Tianzhi Fund has a history of 22 years and primarily focuses on bond funds, with over 80% of its assets in this category [9][10]. Group 2 - The company has been experiencing frequent executive changes this year, with the chairman and general manager both being replaced [7]. - As of the end of the third quarter, Tianzhi Fund's public asset management scale is still below 10 billion yuan, indicating a relatively small market presence [10]. - The performance of Tianzhi Fund's equity funds has been mixed, with some funds performing well while others have significantly underperformed [10].