Core Viewpoint - Zhuque Fund's General Manager Liang Yuejun no longer independently manages public funds, but remains in a frontline investment position [1][2][4]. Fund Management Changes - Liang Yuejun has stepped down from managing the Zhuque Enterprise Preferred Fund, which is now managed by Chen Fei, while he continues to co-manage other funds [4][9]. - Currently, all four public funds under Liang's name are co-managed, with a total scale of approximately 5.995 billion [4][6]. Fund Performance - As of the second quarter of 2025, Zhuque Fund's public management scale is 10.084 billion, with active equity funds dominating the portfolio [6][7]. - The performance of five active equity funds since inception shows positive returns, with Zhuque Industry Preferred achieving a return of 67.87% [7][8]. Fund Manager Profiles - Chen Fei, with nine years of experience, has been appointed as a co-manager for several funds, contributing to product differentiation [9][10]. - Wang Yihang, previously in private equity, has been managing Zhuque Industry Intelligence since February 2021, focusing on sectors like technology and renewable energy [11].

Core Viewpoint - Zhuque Fund's General Manager Liang Yuejun no longer independently manages public funds, but remains in a frontline investment position [1][2][3] Fund Management Changes - Liang Yuejun has appointed Wang Yihao as a co-manager for the Zhuque Hengxin One-Year Holding Fund, while he has stepped down from managing the Zhuque Enterprise Preferred Fund, which is now co-managed by Chen Fei and Guo Tao [3][4] - Currently, all funds under Liang's name are co-managed, with a total scale of approximately 5.995 billion [3] Fund Performance - Zhuque Fund's public fund management scale reached 10.084 billion as of Q2 2025, with no new products launched since July 2023 [5] - Active equity funds dominate the portfolio, comprising 8 funds with a total scale of 9.863 billion, of which Liang's managed products account for about 60% [6] - Five active equity funds have positive returns since inception, with Zhuque Industry Selection achieving a return of 67.87% since its establishment [7] - Three active equity funds have incurred losses, with Zhuque Hengxin One-Year Holding experiencing a decline of 14.28% since inception [8] Managerial Expertise - Zhuque Fund emphasizes the differentiation of products through the expertise of newly appointed co-managers, each specializing in specific industries [9] - Chen Fei, with 9 years of experience, has been involved in managing several funds, including Zhuque Enterprise Preferred and Zhuque Industry Selection [10] - Wang Yihao, previously in private equity, has been managing Zhuque Industry Selection since February 2021, focusing on sectors like technology, pharmaceuticals, and renewable energy [12]