Core Viewpoint - A fund manager from Western Leading Fund, Jie Wenzeng, has been involved in a gambling incident leading to his dismissal and contract termination by the company [1][2]. Group 1: Incident Details - Jie Wenzeng was administratively detained for ten days and fined 500 yuan for gambling, with the incident occurring on September 7, 2025 [2]. - Western Leading Fund confirmed the incident and stated that they had suspended Jie Wenzeng's fund management authority immediately upon learning of the situation [2][3]. - The company has arranged for other fund managers to manage the affected funds, with a formal announcement regarding the change in management pending [1][5]. Group 2: Fund Management Background - Jie Wenzeng has a background in finance, holding a PhD in Management Science and Engineering from Fudan University, and has worked in various financial roles before joining Western Leading Fund in October 2022 [3]. - During his tenure, he managed four fund products with a total scale of 176.66 billion yuan at the end of last year, but this figure has since dropped to 35.22 billion yuan [3]. - The performance of the funds managed by Jie Wenzeng has been subpar, with year-to-date returns of 0.14% and 0.03%, ranking 593rd and 1895th among their respective categories [3]. Group 3: Company Overview - Western Leading Fund was established on July 20, 2010, and is the 60th public fund approved in the industry [4]. - As of the second quarter of this year, the total scale of public products under Western Leading Fund reached 1161.27 billion yuan, with bond funds accounting for 788.98 billion yuan, nearly 70% of the total [5]. - The company currently has 28 fund managers with an average management tenure of 4.88 years and an average asset management of 41.66 billion yuan per manager [5].