Core Viewpoint - The A-share market showed strong performance in July, with the Shanghai Composite Index rising by 3.74%, the Shenzhen Component Index by 5.20%, and the ChiNext Index by 8.14%, indicating a favorable market sentiment for institutional investors, including private equity funds [1] Group 1: Market Overview - In July, the market maintained high trading volumes, with margin financing balances reaching a new high for the year, reflecting a positive atmosphere for bullish investments [1] - Private equity funds have performed well this year, with an average return of 14.86%, significantly outperforming the market's return of 6.61% during the same period [1] Group 2: Institutional Research Activities - A total of 651 A-share companies were researched by institutions, with 11,554 participating institutions, and private equity funds specifically researched 306 companies with 1,142 participating private equity firms [2][4] - The most researched sectors by institutions were electronics, biomedicine, computers, and machinery, while private equity funds focused on computers, biomedicine, electronics, and power equipment [2][3] Group 3: Notable Companies and Performance - The top 20 A-share companies researched by institutions in July had a median price change of 11.93%, outperforming the broader market [5] - Notable companies such as NewEase and Zhongji Xuchuang were heavily researched, with 179 and 145 institutions respectively, and both saw price increases exceeding 40% in July [6][7] Group 4: Focus on AI and Innovative Drugs - The AI computing and innovative drug sectors were highlighted as strong performers in July, with several companies in these areas experiencing price increases of over 40% [9] - Private equity funds, including prominent firms like Fusheng Asset and Juming Investment, conducted research on companies in the AI supply chain, leading to significant stock price increases [9][15] Group 5: Prominent Private Equity Firms - Leading private equity firms such as Gao Yi Asset and Fusheng Asset conducted extensive research on multiple A-share companies, with Gao Yi researching 19 companies, primarily in the biomedicine and machinery sectors [12] - The median price change for companies researched by Gao Yi in July was 11.08%, indicating strong performance relative to the market [12] Group 6: Summary of Research Findings - A total of 27 A-share companies were researched by more than 10 private equity firms, with a median price change of 10.81% in July, again outperforming the market [7] - The research activities of top private equity firms were associated with significant stock price increases, with many companies seeing gains of over 40% [15]

Core Viewpoint - The article discusses the performance of various private equity strategies in the A-share market amid geopolitical tensions and economic downturns, highlighting the recovery of stock strategies since the "9.24" market event and the strong performance of quantitative long strategies in the first half of 2025 [1][2][4]. Group 1: Private Equity Strategy Performance - As of June 30, 2025, all private equity secondary strategies achieved positive returns in the first half of the year, with quantitative long strategies leading at an average return of 16.31%, followed by subjective long strategies at 10.55% and macro strategies at 9.19% [2][4]. - The total trading volume of the A-share market exceeded 160 trillion yuan in the first half of the year, significantly higher than over 100 trillion yuan in the same period last year, indicating a notable increase in market activity [4]. - The strong performance of quantitative long strategies is attributed to their focus on small-cap stocks, which have performed well, with the CSI 2000 index rising over 15% and the micro-cap stock sector increasing over 40% [4]. Group 2: Top Performing Private Equity Products - As of June 30, 2025, there were 345 quantitative long private equity products with performance data, with the top three products being "Fengshou No. 2," "Liangying Risheng Exclusive No. 1 A Class," and "Baolit Quantitative No. 1," achieving significant excess returns [5][6]. - The top ten quantitative long strategies included products from major firms such as Longqi Technology and Wenbo Investment, with their excess returns also being noteworthy [6][11]. Group 3: Recent Trends in Private Equity Strategies - Over the past year, the top three performing private equity secondary strategies were quantitative long, subjective long, and other derivative strategies, with average returns of 48.32%, 32.00%, and 31.52% respectively [8][10]. - In the last three years, the top three strategies shifted to subjective CTA, other derivative strategies, and bond enhancement, with average returns of 69.36%, 69.29%, and 45.18% respectively, indicating a significant change in market dynamics [12][14].

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 优美利投资简介 优美利投资 2014年4月在深圳市成立，公司定位为多资产多策略私募基金管理人，坚持研究为本、科技驱动，核心投研团队具备投资研究+IT技 术复合型专业背景，熟悉各大类资产风险收益特征，利用"估值、动量、风险平价"三维决策模型，精准捕捉大类资产轮动、资产价格波动规律及 衍生品对冲套利中的超额收益机会。 私募排排网数据显示，截至2025年6月底，在10-100亿规模私募中，优美利投资旗下产品均值达***%， 位列量 化私募近三年收益榜Top10。 （ 点击查看收益详情 ） 历经十余年的发展沉淀， 优美利投资 构建了数据驱动型投资生态，已成长为一家立足中国面向全球的私募基金管理人。依托于复合型专业团队，将业 内前沿的科学技术与金融投资紧密结合，致力于为投资者良好持有体验及满意度而不懈努力。 （点此查看 优美利投资2025年中路演 ） | 管理规模 | 投资模式 | 员工人数 | 办公城市 | | --- | --- | --- | --- | | 40+亿 | 量化 | 52人 | 深圳 | 65% 贺金龙 深圳市众悦优策技术服务中 20 ...

以下文章来源于公募排排网 ，作者日月辉 公募排排网 . 看财经、查排名、买基金，就上公募排排网，申购费低至0.001折。 本文首发于公众号"公募排排网"。（点击↑↑上图查看详情） 导语 进入7月底，2025年公募基金二季度报基本披露完毕。 公募排排网 整理的数据显示，截至 2025年6月30日，162家公募持牌机构总管理规模约为34.05万亿元（包含ETF联接基金市值， 下同），较2024年末增长1.64万亿元，其中非货基金管理规模约为20.11万亿元，较2024年末 增长1.03万亿 元。 为了给读者更多的参考，笔者将为盘点2025年二季度末非货管理规模、上半年净增长额以及 股票型基金管理规模位居前列的公募机构。 （ 点此查看2025年二季度末非货管理规模、上半 年净增长额以及股票型基金管理规模位居前列的公募机构 ） 易方达、华夏、广发连续三个季度末排名稳居前3 在162家公募持牌机构中，非货管理规模位居前30的上榜门槛为1699亿元。这30家公募机构非 货管理规模合计14.63万亿元，占总非货管理规模的72.75%。 可见，公募机构的头部效应依旧 较为显著。 其中，易方达基金、华夏基金是唯二两家非货管理规 ...

今年上半年，伴随小盘股涨势喜人，以指增产品为代表的量化产品热度持续上升。除此之外，去 年 10月曾被量化巨头幻方放弃的股票中性策略也取得了不错的收益。 私募排排网数据显示，截至今年6月30日，在16个私募二级策略中，股票市值中性策略的收益整 体位居中上游水平。其中，收益中位数为6%，位列第5；收益均值为5.98%，位列第9。 本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 0 1 中性策略：多空对冲下的低波动超额收益 | 二级策略 | 有上半年业绩展示的产品数 | 上半年收益均值 | 上半年收益中位数 | | --- | --- | --- | --- | | 曹샌웅杀 | 705 | 17.32% | 17.07% | | 转债交易策略 | 111 | 9.00% | 9.30% | | 王观多杀 | 1901 | 11.59% | 7.72% | | 复合策略 | 382 | 8.63% | 6.80% | | 股票市场中性 | 221 | 5.98% | 6.00% | | FOF | 136 | 6.73% | 5.12% | | 宏观策略 | ારર | 8.80% | 4.58% ...

Core Viewpoint - The article discusses various investment opportunities in mutual funds, particularly focusing on low-cost options and the performance of different fund categories, including money market funds and bond funds [2][30]. Group 1: Investment Opportunities - The article highlights the availability of low-cost mutual funds with purchase fees as low as 0.001% [9][14]. - It emphasizes the performance of bond funds, noting that some have shown consistent positive returns over the past months, with one fund achieving a cumulative increase of 10.22% [11]. - Money market funds are presented as suitable for short-term cash management, offering good liquidity and low risk [12][14]. Group 2: Fund Performance - The article mentions specific funds, such as the "中欧货币 D" with a seven-day annualized yield of 1.3950% and "南方收益宝货币B" with a yield of 1.4820% [14][18]. - It also discusses the performance of mixed and stock funds, with some funds achieving returns of over 100% in the past year, indicating strong market performance [21][30]. - The article notes that the top-performing funds in the first half of 2025 have outperformed major global indices, showcasing the potential for high returns in the current market environment [30].

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 在经历了4月7日关税风波后，A股持续震荡上行，上证指数一度站上3600点，市场热点百花齐 放，AI、新消费、创新药，再到"反内卷"、"雅江"水电工程等，掀起一波波火爆行情。 从指数角度来看，截至7月25日，北证50、中证2000今年来涨幅领先，但最新市盈率、市净率也 来到历史高位。在上半年流动性充沛，市场交投活跃的环境下，小微盘今年来的涨幅亮眼，因此 私募股票量化也成为上半年最耀眼的存在。 | 排名 | 公司简称 | 公司规模 | 核心策略 | 实控人 | 符合排名规 产品规模合计 近1个月收 今年来收益 则的产品数 | (万元) | 盗均值 | 相信 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 同年投资 : 50-100亿 | | 股票 | 童驯 | | | | | | 2 : | 复胜资产 | | 股票 | 陆航 | | | | | | 3 | 久期投资 | 100亿以上 | 债券 | 姜云飞 | 10 | | | --- | --- | --- | --- | ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 近一年以来，A股市场经历"9.24"行情的转折后，市场活跃度大幅提升。今年7月，沪指更是接连突破3500点、3600点两大平台，再度强化了市 场赚钱效应。 在此期间，不少主观私募抓住新题材的机会，业绩实现大幅跃升，主观私募的排名迎来大洗牌 。私募排排网数据显示，近1年至少有3只产品符 合排名规则的主观私募共有269家，占私募总数的51.63%，比量化私募（156家）和混合型私募（96家）数量更多。从业绩 来看， 269家主观私 募近1年收益均值、中位数分别为31.43%、22.9%，正收益占比95.54%。 按照办公城市所在地区划分，在广东地区、上海地区、浙江地区、北京地区以及其他地区的私募中， 广东地区的主观私募数量最多，共有 81 家，近1年平均收益为36.12%，位居第2，仅次于浙江地区（36.75%）。 | 属地区 | 办公城市所 至少有3只产品符合 排名规则的公司数 | 近1年平均收益 | 近1年收益中位数 | 正收益占比 | | --- | --- | --- | --- | --- | | 广东 | 81 | 36.12% | 28 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 在私募基金业绩评价体系中，超额收益（Alpha）是与绝对收益同样重要的业绩评价指标。 对于 以获取超额收益为目标的量化多头、股票市场中性产品而言，超额收益相比绝对收益，更能体验 管理人的投研水平 。 超额收益剔除了市场整体涨跌（Beta）的干扰，直接反映管理人通过选股、择时、对冲等策略创 造的"额外收益"。当市场狂热时，大量私募产品可能因市场普涨而同获高收益；但潮水退去后， 唯有持续跑赢基准的超额收益，才是管理人真正实力的试金石。 稳定的超额意味着策略有效性经 得起市场周期考验，而超额的衰减往往预示着策略失效风险。 为了给读者提供一些参考，笔者统计了在私募排排网有业绩展示的 量化多头、股票市场中性 产 品今年上半年、近一年、近三年的超额收益情况。 根据私募排排网数据，截至2025年6月底， 符合统计的私募产品上半年、近一年、近三年的超额 收益均值分别是 12.45%、20.15%、58.49%。可见，随着时间拉长，私募产品的超额收益呈现 逐年累积态势 。 细分策略来看，量化选股和其他指增（如中证2000指增）在上半年、近一年、近三年的平均超额 收 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图订阅专栏 ） 编者按 在财富管理的大航海时代，私募基金以其灵活的策略、专业的团队和追求绝对收益的目标，吸引了越来越多高净值投资者的目光。然而，这个行 业也因其信息较少、不对称等特性，蒙上了一层神秘的面纱。策略如何运作？团队水平如何？短、中、长期业绩表现如何？风险控制究竟如 何......这些问题，往往是投资者在做出决策时，最难穿透的"迷雾"。正是基于此，私募排排网隆重推出 " 深度揭秘100家私募 " 栏目。为投资者拨 开云雾，提供真正有价值的深度洞察。 第二期我们将揭秘 2025上半年百亿私募收益冠军稳博投资 ，上半年收益均值约为***% （ 点此查看收益 ） 。 同时，其在近一年收益约为 ***%，位列百亿私募第3名；近三年收益均值约为***%，也上榜了百亿私募TOP10。（可参考文章： 百亿私募2025上半年业绩出炉，稳博夺 冠！ ） 下面，就让我们一起深入探寻稳博投资的制胜之道。 文章目录 0 1 公司概况 ： 公司简介、公司发展历程、核心投资理念、公司股权结构 0 2 核心投研团队： 核心投研人员、团队主要负责人、团队优势 0 3 投资策略与产品线（ ...