Core Viewpoint - The recent personnel changes at GF Fund Management reflect a strategic shift in investment management, aiming to enhance fund performance and adapt to market conditions through the introduction of new investment perspectives and diversified management teams [2][3][5]. Group 1: Fund Manager Changes - On October 1, GF Fund Management announced the adjustment of fund managers for four of its products, which have been officially registered with the China Securities Investment Fund Industry Association [2]. - The funds affected include GF Chengxiang Mixed Securities Investment Fund, GF Ruijin One-Year Regular Open Mixed Securities Investment Fund, GF Ruijie Selected Mixed Initiated Securities Investment Fund, and GF Xingcheng Mixed Securities Investment Fund [2][3]. - Liu Bin has been appointed as a new fund manager for GF Xingcheng Mixed, bringing 14.3 years of experience, previously working at CITIC Securities and Xinhua Fund [3][4]. - Chen Yunzong has been appointed as the fund manager for GF Ruijie Selected Mixed, with 9.7 years of experience, previously at Shanghai Nantou Asset Management [4]. - GF Chengxiang Mixed has added Ye Shuai and Guan Fuqin as co-managers alongside Zheng Chengran, with Ye having 8.8 years and Guan 14.3 years of experience in the industry [4][5]. - GF Ruijin One-Year Regular Open Mixed has appointed Zeng Zhibin and Ye Shuai as new co-managers, creating a "three swordsmen" management structure [5]. Group 2: Fund Performance Analysis - As of September 30, GF Ruijin One-Year Regular Open Mixed Fund has a one-year return of 29.53%, outperforming the CSI 300 Index's 19.05% but underperforming the average of similar products [6]. - GF Xingcheng Mixed has shown a one-year return of only 1.72% and a three-year cumulative return of -35.74%, indicating significant underperformance [6]. - GF Ruijie Selected Mixed has a year-to-date return of 22.00% and a one-year return of 15.27%, both trailing the CSI 300 Index [6]. - GF Chengxiang Mixed has a return of -30.80% since Zheng Chengran took over, with year-to-date performance at 16.09%, which is below the average of similar products [6]. Group 3: Multi-Manager Strategy - The trend of employing multiple fund managers is becoming increasingly common, reflecting the industry's focus on enhancing research capabilities and risk management [7]. - Reasons for this trend include the transition of original fund managers, the cultivation of new talent through mentorship, and the diversification of investment strategies across different asset classes and sectors [7].