Core Insights - The article highlights the strong performance of quantitative private equity funds in the first half of the year, driven by factors such as technological iteration, market liquidity, and a strong small-cap style, leading to outperformance compared to actively managed equity funds [1][9][24] - Longqi Technology stands out among billion-yuan quantitative private equity firms, ranking 6th in average returns across its 16 products, showcasing a "long-distance running" spirit and consistent performance over the past year and three years [1][9][24] Performance Overview - In the first half of the year, Longqi Technology achieved impressive results, attributed to the iterative development of multi-factor models, which allowed for stable excess returns amid market volatility [9][14] - The firm employs a diversified strategy with a factor weight structure of 70% for price-volume factors, 20% for fundamental factors, and 10% for alternative factors, balancing short-term explosive potential with long-term value [9][14][24] Company Strategy - Longqi Technology emphasizes a long-term investment philosophy, focusing on effective strategies rather than short-term gains, which has helped them navigate various market cycles successfully [9][14][18] - The company fosters a collaborative research environment, enhancing the efficiency of its investment research team and enabling rapid transformation of research outcomes into actionable strategies [9][14][18] Market Position - Longqi Technology has been recognized for its consistent performance, winning the "Golden Bull Award" in the private equity sector for three consecutive years, reflecting its strong market position and reputation [9][24] - The firm has adapted its strategies in response to market changes, such as shifting from fundamental quantification to price-volume strategies and incorporating alternative factors to enhance risk management [9][17][24] Future Outlook - Longqi Technology plans to continue developing a diverse range of products tailored to investor risk preferences and market conditions, ensuring a comprehensive asset allocation strategy [19][24] - The company maintains a cautious yet innovative approach to AI integration in its investment strategies, focusing on relevant applications rather than purely relying on computational power [23][24]
龙旗科技：将投资视为马拉松！以迭代创新穿越周期