私募江湖风起云涌！“公募派”问鼎！“券商派”不敌期货、民间派

Core Insights - The private equity fund industry is characterized by diverse investment philosophies and strategies influenced by the backgrounds of fund managers, which directly impacts product performance and risk profiles [1][4] - As of September 19, 2025, the average return for private equity fund managers this year is 25.57%, with 2,669 managers and 5,270 products reported [2][4] - Fund managers from public offerings and futures backgrounds lead in performance, with public fund managers achieving an average return of 31.26% and futures managers at 31.21% [2][4] Summary by Category Public Fund Managers - There are 859 public fund managers, with 328 products meeting ranking criteria, achieving an average return of 31.26% this year [4][2] - The top three products from public fund managers are managed by Lu Wentao, Nian Shouhua, and Wang Zheng, with Lu's product leading significantly [3][4] Futures Fund Managers - There are 251 futures fund managers, with 72 products achieving an average return of 31.21% this year, slightly below public fund managers [9][4] - The top three products from futures fund managers are managed by Liu Kejiao, Yin Zhiping, and Liang Tao, with Liu's product leading the group [10][12] Private Fund Managers - There are 298 private fund managers, with 119 products achieving an average return of 30.07%, ranking third among all backgrounds [14][4] - The top three products from private fund managers are managed by Tang Yunjie, Li Jiabin, and Han Guangbin, with Tang's product leading in performance [15][17]