本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 随着近年来大数据、云计算、人工智能等技术的飞速发展，量化投资机构在金融数据收集、处理 和分析方面变得更加高效和精准。再借助先进的算法和模型，深入挖掘数据背后的规律和趋势， 量化投资机构可以发现传统投资方法难以察觉的投资机会。同时，借助量化投资可以对投资组合 的风险进行精确的量化和管理。因此，量化投资越来越受到青睐。 在私募证券投资领域，采用量化投资的私募也日益壮大！ 根据私募排排网数据，截至2025年4月 底，我国百亿私募共有87家，其中量化私募就占到了38家，"主观+量化"类私募占7家，也就是 说， 采用了量化投资的百亿私募占比超 "半壁江山" 。那么，私募的量化投资"战果"如何呢？ 以近半年（2024年11月1日-2025年4月30日）维度来看，A股和美股主要指数均是收跌的，港股 表现相对亮眼。其中，A股三大指数中，创业板指波动最大，但近半年的最大涨幅也却不足 14%。 这样的市场背景下，要想取得不错的业绩表现并非易事 。 | 证券市场 | 指数名称 | 近半年涨跌幅 | 近半年最大涨幅 | 近半年最大回撤 | | --- | --- | - ...

Core Viewpoint - The article discusses the performance of macro strategy private equity funds, highlighting their ability to adapt to different economic environments and their superior returns compared to traditional investment strategies [2][3]. Summary by Sections Macro Strategy Overview - Macro strategy involves asset managers making investment decisions based on macroeconomic cycle predictions, allowing for flexibility across various asset classes such as stocks, bonds, currencies, and commodities [2]. - This strategy can capture asset rotation opportunities in different economic conditions, such as increasing investments in commodities like gold during inflation [2]. Performance Data - According to data from "Private Equity排排网," 144 macro strategy products have achieved an average return of 5% this year, surpassing the market average of 2.52% [2]. - Among these products, 135 have reported positive returns, resulting in a high positive return rate of 93.75% [2]. Comparative Performance of Strategies - The following table summarizes the performance of various secondary strategies for the year: - Quantitative Long: 652 products, 6.42% average return - Subjective CTA: 168 products, 5.96% average return - Macro Strategy: 144 products, 5.00% average return - Convertible Bond Trading: 101 products, 4.17% average return - Composite Strategy: 356 products, 4.16% average return [3]. Top Performing Macro Strategy Funds - The article lists the top 20 macro strategy funds based on their performance over the past six months, one year, and three years, showcasing both large and smaller private equity firms [4][7][12]. - Notable funds include "泓湖稳健宏观对冲A类份额" and "路远睿泽稳增," which have demonstrated strong returns and are recognized for their effective macro strategy research and quantitative models [11][16]. Conclusion - The macro strategy private equity funds have shown resilience and adaptability in the current economic landscape, with a significant number of funds outperforming traditional benchmarks [2][3].

| 排序 | 美股简称 | 美股代码 | | 持有机构 合计持仓股数 日力） | 持股环比 450 | 持仓市值 亿美元 | 机构持股比例 | 季度涨跌 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 英伟达 | NVDA | 4852 | 16724.78 | -4.13% | 23852.88 | 68.33% | 0.76% | | 2 | 英语 | AAPL | 5349 | 9504.29 | -2.59% | 20794.62 | 63.62% | -14.75% | | 3 | 微软 | MSFT | 5503 | 5372.44 | -2.58% | 20167.6 | 72.27% | -10.94% | | 4 | 亚马逊 | AMZN | 5226 | 6854.13 | -1.58% | 13040.66 | 64.58% | -13.28% | | 5 | 博通 | AVGO | 3598 | 3603.09 | -2.94% | 7972.55 | 76.63% | 30.99% | | 6 | | | ...

Group 1 - The core viewpoint of the article emphasizes the growth and achievements of Kaifeng Investment, highlighting its status as a leading macro-strategy asset management company in China with nearly 10 billion in assets under management [2][5] - Kaifeng Investment was established in 2012 and has offices in Shenzhen, Shanghai, and Hong Kong, focusing on multi-asset, multi-market, and multi-tool investment strategies to achieve sustainable long-term returns for clients [2][5] - The company has received over a hundred industry awards, including the Golden Bull Award and the Golden Sunshine Award, showcasing its recognition in the asset management industry [2][5] Group 2 - The development history of Kaifeng Investment includes significant milestones such as becoming a special member of the China Securities Investment Fund Industry Association in 2013 and entering the hundred billion private equity camp in 2018 [7][8] - The core team consists of nearly 40 research and investment professionals with an average of over 15 years of experience, emphasizing the importance of talent acquisition and team building [9][22] - The company has established a strong research advantage by integrating macroeconomic analysis, industry chain details, and quantitative methods to enhance its investment strategies [19][21] Group 3 - Kaifeng Investment's macro strategy focuses on identifying mispricing in financial assets based on macroeconomic principles, investing in various asset classes including foreign exchange, stocks, bonds, and futures [23][24] - The company employs a bond enhancement strategy that combines fixed-income assets with futures and derivatives, aiming to manage interest rate and credit risks effectively [25][26] - The quantitative CTA strategy utilizes statistical and mathematical methods to analyze market data, supporting overall macro research and investment strategy formulation [29][30] Group 4 - Kaifeng Investment has received numerous accolades, including the Golden Bull Award for Best Private Fund Management Company and recognition as one of the top 50 private fund companies in China [33][34] - The company continues to expand its product offerings and enhance its investment performance, with a focus on achieving high returns while managing risks effectively [35][37]

Core Viewpoint - The article introduces the functionalities and advantages of the public fund sales platform "Gongmu Paipai" and its app, emphasizing its user-friendly features and cost-saving benefits for investors. Group 1: Application Features - Users can access fund market dynamics and track their selected funds anytime through the mini-program [3][4]. - The app offers advanced features such as condition-based fund selection and multi-dimensional analysis to compare fund performance [12][13]. - Users can view the latest public fund roadshows and news updates directly within the app [15]. Group 2: Cost Advantages - The platform promotes a low subscription fee starting from 0.001% to encourage cost-effective investments [4][21]. - The company emphasizes its commitment to customer benefits by implementing a low-cost purchasing principle [21]. Group 3: Professional Support - The platform collaborates with 80 public fund partners, leveraging professional support and a diverse product range to assist investors in making informed decisions [21]. - It is recognized as an independent fund sales institution approved by the China Securities Regulatory Commission, ensuring safety and reliability in fund transactions [22].