Core Viewpoint - The departure of several high-performing fund managers from public funds poses a significant challenge for the industry, as these managers are valuable assets that have been cultivated over many years [2][3][4]. Group 1: Departure of High-Performing Fund Managers - Multiple veteran fund managers with over 10 years of experience and impressive annualized returns have left their positions this year, creating a talent drain in the public fund sector [2][3]. - Notable departures include Zhang Yifei from Anxin Fund, who managed over 30 billion yuan in assets, and Bao Wuke from Invesco Great Wall Fund, both of whom had strong performance records [3][4]. - Other prominent fund managers such as Zhou Haidong, Li Xin, and Cao Mingchang have also announced their resignations this year, all of whom had managed funds exceeding 10 billion yuan [4]. Group 2: Reasons for Departure - Many departing fund managers are choosing to transition to private asset management firms or other competitive fund companies, indicating a shift towards more market-oriented opportunities [5][6]. - The recent wave of departures is attributed to personal career development plans and broader industry changes, including fee and compensation reforms, as well as a move away from the "star manager" model [6]. Group 3: Industry Response and Future Strategies - The industry is shifting focus from individual star managers to a more integrated, platform-based investment research system, emphasizing team collaboration and diversified strategies [7][8]. - Fund companies are increasingly promoting younger talent and launching new funds to provide opportunities for emerging managers, aiming to build a robust talent foundation [8]. - The establishment of a comprehensive evaluation system for investment research capabilities is being emphasized to enhance the overall effectiveness of fund management teams [7].