30人团队管70亿量化基金，全靠AI操盘！倍漾量化创始人冯霁解密

Core Insights - The core viewpoint of the article is that the quant trading industry in China is undergoing a transformation driven by artificial intelligence, with firms like DeepSeek leveraging machine learning to redefine trading strategies and operations [2][9]. Group 1: Industry Landscape - The first wave of quant trading in China began around 2013, driven by talented Chinese traders returning from Wall Street and regulatory changes that allowed quant trading to flourish [4]. - The current quant trading landscape in China is characterized by a new generation of traders, primarily computer scientists without financial backgrounds, who view quant trading as a pure AI task [4][8]. - The industry is attracting top AI talent and providing fertile ground for startups like DeepSeek, which is focused on enhancing trading strategies through advanced technology [2][4]. Group 2: Technological Approach - The application of AI in quant trading differs from traditional methods by treating all stages of the trading process as a single machine learning task, rather than dividing them into separate functions [5][6]. - The company manages approximately 7 billion RMB (around 970 million USD) in assets with a team of about 30 members, two-thirds of whom are focused on research [7]. - The firm emphasizes the importance of real-time data analysis and short-term trading, leveraging AI to predict price movements within minutes to hours [10][11]. Group 3: Competitive Advantage - The holistic approach to quant trading allows for systematic upgrades and cost efficiency, as fewer personnel are needed to achieve better results through advanced algorithms [6][9]. - The firm believes that within three years, quant fund managers who do not adopt AI will be eliminated from the market due to increasing competition [9]. - The quant trading sector is seen as a highly technical field, with a significant concentration of top machine learning talent, particularly in Wall Street [15][18]. Group 4: Future Aspirations - The company aims to establish itself as a world-leading AI-native quant fund, expanding from the Chinese market to key overseas markets [23]. - The long-term vision includes evolving into a computational company that applies its technology across various fields, beyond just quant trading [23].