On October 9, fund manager Xie Tianyuan stepped down from his role for personal reasons.

Looking back, in the summer of 2025, he became an internet sensation across Chinese social media and even drew attention from Bloomberg, thanks to a heavy position in POP MART (09992) and a photo of his desk adorned with trendy toys.

Xie Tianyuan took over the management of Penghua Youxuan Huibao in February 2024, serving for 2 years and 8 months, during which he delivered a return of 10.32%, trailing the benchmark by 30%.

The interim report showed that nearly 70% of fund holders suffered losses after his rise to fame.