Group 1 - A fund manager from Shenwan Hongyuan Fund faced criticism from investors due to poor performance of two managed products, significantly underperforming benchmarks and major indices [1] - The fund manager, who previously had a successful track record at China Merchants Fund, has struggled since joining Shenwan Hongyuan Fund, with one fund returning -6.06%, lagging behind the benchmark by nearly 11 percentage points [1] - The independently managed Shenwan Hongyuan Industry Select Fund also performed poorly, with a return of -8.23%, underperforming its benchmark by over 13 percentage points [1] Group 2 - The trend of changing fund managers has become common in the public fund industry, with 2,554 fund products announcing manager changes in the first half of the year, involving 1,351 individuals [2] - Investor dissatisfaction with fund performance is a significant factor driving demands for manager changes, especially when funds fail to deliver positive returns even in favorable market conditions [2][3] - The public fund industry is under pressure to improve talent development and management mechanisms in response to investor demands for better returns [3]