量化私募业绩“吊打”主观私募？1000指增、选股策略集体爆发，有产品年内狂赚46%

Core Viewpoint - The A-share market is experiencing a volatile upward trend, with small-cap growth style indices performing strongly, highlighting a structural market characteristic [1][2] Group 1: Performance of Quantitative and Subjective Strategies - Quantitative private equity funds have shown remarkable performance, with many strategies yielding over 30% returns year-to-date as of July 11 [1][2] - In contrast, subjective private equity funds, particularly those with over 100 billion in assets, have lagged behind due to strategy limitations, with an average return of 11.38% for their long-only equity products [3] Group 2: Quantitative Strategy Performance - The 1000 index growth strategy has outperformed, with top performers like Lingjun's 1000 index growth strategy achieving a return of 36.79% and an excess return of 17.4% [3] - The 500 index growth strategies also performed well, with top returns of 33.13% from Xinhong Tianhe and 30.63% from Abama [2][3] - The 300 index growth strategies have underperformed, with the highest return being 19.13% from Lingjun [2] Group 3: Quantitative Stock Selection Strategies - Quantitative stock selection strategies have emerged as the biggest winners, with the highest return reaching 46.26% from Xiaoyong's strategy [4] - Many quantitative private equity firms are promoting "full market stock selection" products, aiming to maximize absolute returns without additional risk [4][5] Group 4: Market Research and Trends - A total of 135 quantitative private equity firms have participated in A-share company research activities this year, covering 395 stocks across 29 industries [6] - The electronics, pharmaceuticals, and machinery sectors have been the most frequently researched, indicating a focus on these industries by quantitative firms [6]