量化“观测者”的求索与担当

Core Insights - The article highlights the investment philosophy and operational strategies of Mengxi Investment, emphasizing its focus on quantitative investment driven by technology and a commitment to stability and long-term growth [1][2]. Group 1: Investment Philosophy - Mengxi Investment is characterized by a philosophy of "observing" market rules rather than seeking the spotlight, with a strong emphasis on technical-driven investment strategies [1]. - The founder, Li Xiang, believes in the importance of curiosity about objective laws and the need for a growth mindset, viewing himself as a continuously optimizing model [1][2]. - The company has integrated AI into its investment research since 2019, establishing an AI Lab in early 2025 to enhance its modeling and deep learning capabilities [1][2]. Group 2: Risk Management and Strategic Discipline - During a downturn in the quantitative industry from late 2023 to early 2024, Mengxi Investment faced challenges that tested its strategic discipline, leading to a reassessment of its risk management practices [2][3]. - The company emphasizes the importance of maintaining strategic discipline and not deviating from its core principles, which has been crucial for its survival and growth [2][3]. - Mengxi Investment has developed a diversified strategy matrix and utilizes alternative data sources to uncover investment opportunities that traditional financial data may miss [2][3]. Group 3: Organizational Structure and Talent Management - The company prioritizes talent and technology development ahead of asset management scale, maintaining a ratio of talent to assets that supports its growth strategy [3][4]. - Mengxi Investment has implemented an attractive incentive system for its research team, including a commission-based structure and a partnership system to reward outstanding contributions [4]. - The founder emphasizes the importance of empathy in internal governance, ensuring that the core roles within the company consider the perspectives of employees [4]. Group 4: Social Responsibility and Future Vision - Mengxi Investment is committed to social value, engaging in scientific donations and encouraging industry peers to participate in philanthropic efforts [5]. - The company also invests in cutting-edge technologies, accepting short-term losses for long-term societal benefits, reflecting a commitment to responsible innovation [5]. - Looking ahead, Mengxi Investment aims to become one of the top quantitative institutions in China, focusing on excellence rather than scale, with aspirations for global influence [5].