截至发稿，李君累计任职时间7年308天，现任基金资产总规模197.16亿元，任职期间最佳基金回报 57.07%， 任职期间最差基金回报-0.12%。 从基金十大重仓股角度 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，安信基金旗下1只基金重仓中煤能源。安信稳健增值混合A（001316）二季度持有股数858.15 万股，占基金净值比例为0.91%，位居第九大重仓股。根据测算，今日浮盈赚取约600.71万元。 10月27日，中煤能源涨5.28%，截至发稿，报13.97元/股，成交5.16亿元，换手率0.42%，总市值1852.24 亿元。 安信稳健增值混合A（001316）成立日期2015年5月25日，最新规模63.08亿。今年以来收益3.17%，同 类排名7343/8226；近一年收益4.58%，同类排名7065/8099；成立以来收益86.52%。 资料显示，中国中煤能源股份有限公司位于北京市朝阳区黄寺大街1号，成立日期2006年8月22日，上市 日期2008 ...

Core Viewpoint - The resignation of Zhang Yifei, a prominent fund manager at Anxin Fund, has triggered anxiety among investors, leading to concerns about the potential risks associated with the change in management and the future performance of the funds he managed [2][3][11]. Company Overview - Anxin Fund was established in 2011 and is owned by several state-owned enterprises, including Minmetals Capital and Guotou Securities. It specializes in public offering securities investment fund management and asset management services [5]. - Zhang Yifei joined Anxin Fund during its early days and developed a unique investment philosophy focused on financial risk control [6][7]. Performance Metrics - Under Zhang Yifei's management, the Anxin Stable Growth Mixed A fund achieved a return of 82.81% with an annualized return of 5.52% and a maximum drawdown of only 7.2% since its inception in May 2015 [7][9]. - The Anxin Target Return Bond A fund, managed since March 2016, recorded a return of 43.06%, outperforming the average of its peers [7]. Recent Developments - Zhang Yifei's departure coincides with a significant decline in Anxin Fund's assets under management (AUM), which fell by 16% year-on-year to 99.275 billion yuan in 2024, further dropping to 94.531 billion yuan in Q1 2025 [11][12]. - The mixed fund category has seen a continuous decline in AUM for ten consecutive quarters, dropping from a peak of 86.078 billion yuan in Q3 2022 to 39.332 billion yuan [11]. Management Transition - Following Zhang Yifei's resignation, the management of nine funds has been handed over to his long-time colleagues, Li Jun and Huang Wanshu, although their ability to manage these funds independently remains untested [13][15]. - Concerns have arisen regarding the potential performance gap, as Li Jun's management of the Anxin Min Stable Growth A fund has underperformed compared to Zhang Yifei's previous results [13]. Industry Context - Zhang Yifei's move to the private equity sector reflects a broader trend of talent migration within the public fund industry, highlighting challenges in retaining key personnel [15][18]. - The public fund industry is facing pressures to develop a platform-based investment research system, as evidenced by the challenges Anxin Fund faces in transitioning from a star manager model to a more sustainable team-based approach [15][19].

Core Viewpoint - The departure of Zhang Yifei from Anxin Fund marks a significant shift in the public fund industry, as he was a prominent figure in fixed income management, and his potential move to the private equity sector has raised industry speculation [2][9]. Group 1: Departure Details - Zhang Yifei officially left Anxin Fund on July 15, 2025, after a month of speculation regarding his departure [2][3]. - He managed a total of nine funds, including the notable Anxin Steady Growth Mixed Fund, which he had overseen since its inception on May 25, 2015 [3][4]. - Under his management, the Anxin Steady Growth Mixed Fund achieved a total return of 82.81% and an annualized return of 5.52% by his departure date, with a maximum drawdown of only 7.2% [3][11]. Group 2: Impact on Anxin Fund - Anxin Fund's overall scale has faced challenges, with a reported decrease of approximately 19.3 billion yuan (about 2.7 billion USD) in assets under management, representing a decline of over 16% [11]. - The mixed fund sector, traditionally a stronghold for Anxin Fund, has seen a continuous decline in scale for nine consecutive quarters [11]. - The departure of Zhang Yifei is viewed as a loss not only of a key fund manager but also of a central figure in mixed asset investment, raising concerns about the company's brand strength and investor confidence in the short term [11]. Group 3: Future Strategy and Team Continuity - The core members of the mixed asset investment team, including Li Jun and Huang Wanshu, will continue to manage the funds previously overseen by Zhang Yifei, suggesting a potential continuity in investment strategy [6][7]. - Li Jun, who has worked closely with Zhang Yifei for nearly eight years, is expected to maintain the original investment approach, which has been successful in navigating market volatility [6][7]. - The industry is questioning how public funds can retain top talent and sustain the performance of "fixed income plus" strategies in the wake of such departures [11].