Core Points - The article discusses the recent developments at QuanGuo Fund, including the passing of its general manager Wang Guobin and the appointment of Ren Li as the acting general manager [2][3] - QuanGuo Fund, established in February 2022, has gained attention in the market, particularly due to its unique value investment system developed by its founder Wang Guobin [3] - As of the end of Q3 2023, QuanGuo Fund's total assets under management reached approximately 23.787 billion yuan, with five fund managers overseeing its operations [3][4] Company Overview - QuanGuo Fund was founded by Wang Guobin, a veteran in China's capital market, and Ren Li, the former general manager of Dongfanghong Asset Management [3] - The fund has attracted several notable fund managers, including Zhao Yi, who previously won an annual championship, and others like Qian Sijia, Sun Wei, and Gang Dengfeng [3] - The fund employs a boutique strategy in product issuance, resulting in a limited number of public fund products [3] Fund Performance - Since its inception, QuanGuo Fund has faced challenges, particularly during the bear market, with its flagship product, QuanGuo Xuyuan, underperforming initially [4] - However, as of September 30, 2023, all six funds under QuanGuo Fund have achieved positive returns, marking a significant recovery in the A-share market [4] - The largest fund, QuanGuo Xuyuan, launched in October 2022, has shown a year-to-date return of 47.46%, ranking in the top 20% of its category, although it has underperformed compared to the CSI 300 index since its inception [5] Specific Fund Details - QuanGuo Xuyuan's top holdings include major companies such as CATL, Tencent, Luxshare Precision, Kuaishou, and Tianshan Aluminum [5] - QuanGuo Jiayuan, managed by Qian Sijia, has shown a net value growth rate of 33.16% since its inception, with a maximum drawdown of -10.10%, significantly better than the broader market indices [6] - The fund's stock allocation is heavily weighted, with 78.12% of its net asset value in equities, including a notable allocation to Hong Kong stocks [6]