固收大佬张翼飞离职了。 本期筛选一下，"固收+"大佬张翼飞的平替基金，张翼飞最受人推崇的产品是安信稳健增值A，成立以来基金经理一直是张翼飞一个人在管理。 | 代码 | 产品名称 | 招爱美丽 | 任肥日期 | 高任日期 | 任肥回报 | 年化回报 | 回报排名 | 合计规模(亿元) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 001316.OF | 安信稳健增值A | : 灵活配置型 | 2015-05-25 | 2025-07-15 | 82.81% | 6.12% | 71/457 | 103.71 | | 750002.OF | 安信目标收益A | : 混合儒学型一级 | 2016-03-14 | 2025-07-15 | 58.49% | 5.05% | 15/211 | 82.98 | | 008809.OF | 安信民稳增长A | 偏债混合型 | 2020-01-14 | 2025-07-15 | 62.25% | 9.19% | 5/245 | 31.15 | | 009100.OF | 安信稳健增利A | 偏债混合型 ...

Core Viewpoint - The departure of Zhang Yifei, a prominent fund manager at Anxin Fund, has raised concerns about the company's declining public fund management scale and the overall trend in the public fund industry [3][4][7]. Group 1: Departure of Zhang Yifei - Zhang Yifei has resigned from his position as the manager of nine funds at Anxin Fund due to personal reasons, marking a significant change in the company's management [3][4]. - As of July 15, 2025, all nine funds managed by Zhang Yifei have positive returns, with five funds showing returns exceeding 30%, including Anxin Stable Growth A, which has a return of 82.81% [5]. - Following his departure, Zhang Yifei remains a member of the investment decision committee and holds the position of Chief Investment Officer (CIO) at Anxin Fund [4][5]. Group 2: Declining Management Scale - Anxin Fund's public fund management scale has been on a continuous decline, with a reported scale of 94.034 billion yuan as of the end of Q2 2025, marking a decrease for four consecutive quarters [3][7]. - In contrast, the overall public fund industry has seen growth, with total management scale increasing from 31.08 trillion yuan in June 2024 to 33.74 trillion yuan in May 2025 [7]. - The decline in Anxin Fund's management scale is primarily attributed to reductions in fixed-income and mixed funds, with significant decreases in the scale of various fund types [7][8]. Group 3: Fund Performance and Management Changes - As of the end of Q2 2025, Anxin Fund has 54 funds with management scales that have decreased compared to Q2 2024, with ten funds experiencing declines of over 1 billion yuan [8]. - The departure of Zhang Yifei has left Anxin Fund with only two fund managers who have over ten years of experience in public fund management, raising questions about the future management of mixed asset investments [8].

Core Viewpoint - The departure of Zhang Yifei, a prominent fund manager at Anxin Fund, marks a significant shift for the company, which is currently facing challenges such as shrinking assets and a potential loss of investor confidence [1][3][19]. Group 1: Departure of Zhang Yifei - Zhang Yifei has resigned from all nine funds he managed, concluding a 13-year career at Anxin Fund, during which he managed assets totaling 32.2 billion CNY [1][3]. - His departure coincides with a 16% year-on-year decline in Anxin Fund's public offering scale, dropping to 99.275 billion CNY in 2024 and further to 94.034 billion CNY by the second quarter of 2025 [1][2]. Group 2: Fund Performance and Challenges - The mixed fund category has been a core pressure point, experiencing a continuous decline for eleven quarters, with its scale halving from a peak of 86.078 billion CNY in Q3 2022 to 38.676 billion CNY by Q2 2025 [2]. - Zhang Yifei's flagship product, Anxin Steady Growth A, achieved a remarkable 81.54% return over nearly ten years, significantly outperforming its benchmark by 25 percentage points [3]. Group 3: Management Transition - Anxin Fund has appointed Zhang Yifei's long-time partners, Li Jun and Huang Wanshu, to take over his responsibilities, emphasizing that core team members will remain and strategies will not change [6][19]. - Li Jun has over 20 years of experience in the securities industry and has co-managed flagship products for over seven years, while Huang Wanshu, with only three years of experience, raises concerns about her ability to manage mixed assets effectively [6]. Group 4: Financial Performance - Anxin Fund reported a revenue of 672 million CNY in 2024, a sharp decline of 20% year-on-year, while net profit increased by 14% to 130 million CNY, indicating a "revenue without profit" dilemma [9][12].

Core Viewpoint - The departure of renowned fund manager Zhang Yifei from Anxin Fund marks a significant shift in the asset management landscape, as he transitions to the private equity sector seeking new challenges in his career [1][3]. Summary by Sections Departure Announcement - Zhang Yifei officially announced his resignation from all managed products at Anxin Fund as of July 15, 2023, confirming his intention to continue in the asset management industry [1][3]. Background and Performance - Zhang Yifei has over 11 years of experience in investment management, having previously held various roles in finance and asset management. His managed products had a total scale exceeding 32 billion yuan, accounting for over one-third of Anxin Fund's total assets of approximately 94.53 billion yuan [3][5]. - As of July 15, 2023, all nine products managed by Zhang Yifei reported positive returns, with six products achieving annualized returns exceeding 5%. The longest-managed product, Anxin Steady Growth A, recorded a return of 82.81% since May 25, 2015, with an annualized return of 6.12% [5]. Market Impact and Team Stability - Zhang Yifei's departure raised concerns about the stability of Anxin Fund's fixed income team. However, core team members he previously managed will remain at Anxin Fund to continue overseeing the products [3][5]. Successors - Following Zhang Yifei's exit, two core team members, Li Jun and Huang Wanshu, will take over the management of the products. Li Jun, with 20 years of experience and a history of collaboration with Zhang, will manage several key funds, while Huang Wanshu will oversee others, bringing her expertise in bond yield curve analysis [7][9].

Core Viewpoint - The well-known fund manager Zhang Yifei has officially left Anxin Fund Management due to personal reasons, effective July 15, 2023, and will not take on any other roles within the company [1][3]. Group 1: Departure Announcement - Anxin Fund announced Zhang Yifei's departure through a public statement, highlighting his 13 years at the company and expressing gratitude for the trust and support he received from investors [3]. - Zhang emphasized the significant social value created by the asset management industry and his commitment to continue working in this field despite his age [5]. Group 2: Performance and Management - Zhang Yifei managed nine funds with a total scale of 32.192 billion yuan, accounting for nearly one-third of Anxin Fund's total management scale [5]. - As of his departure, several funds under his management reported annualized returns exceeding 6%, ranking them among the top in their categories [5]. - The fund with the longest management duration, Anxin Stable Value A, achieved a return of 82.81% and an annualized return of 6.12%, maintaining positive returns for nine consecutive years [5][6]. Group 3: Industry Context - The departure of Zhang Yifei is part of a broader trend in the industry, with several star fund managers leaving their positions in 2023, including notable figures from other funds [7].