私募股票策略收益哪家强？幻方量化、黑翼、云起量化等居前！

Market Performance - The A-share market has shown strong performance this year, driven by supportive policies, breakthroughs in technology, and a recovery in risk appetite among investors, with the Shanghai Composite Index rising approximately 15.84% by the end of September [1] - The Shenzhen Component Index increased nearly 30%, while the ChiNext Index surged by 51.20%, indicating a "slow bull" market trend [1] - Key sectors driving market enthusiasm include innovative pharmaceuticals, humanoid robots, computing power, and themes related to "anti-involution" [1] Private Equity Performance - Private equity products related to stock strategies have performed well, with 3,166 products showing an average return of 35.70% year-to-date, outperforming the overall market average return of 28.72% [1] - The total scale of these products reached approximately 271.1 billion yuan, significantly exceeding the average returns of other private equity strategies [1] Top Performing Private Equity Firms - Among firms managing over 100 billion yuan, the top three in stock strategy performance are: 1. Fusheng Asset 2. Wangzheng Asset 3. Lingjun Investment [3][4] - Fusheng Asset leads with an average return of ***%, focusing on research-driven value investment [5] - Wangzheng Asset, established in 2014, emphasizes industry trends and core competitiveness in its investment strategy [5][6] Performance by Scale - In the 50-100 billion yuan category, the top three firms are: 1. Tongben Investment 2. Ruiyang Investment 3. Shengqi Asset [8][10] - The 20-50 billion yuan category features Beijing Xiyue Private Equity, Rongshu Investment, and Shenzhen Zeyuan as the top three [12][15] - For the 10-20 billion yuan category, the leading firms are Liangli Private Equity, Beiheng Fund, and Nengjing Investment Holdings [16][18] - In the 5-10 billion yuan category, the top three are Fuyuan Capital, Shanghai Hengsui Asset, and Zhinan Fund [19][21] - The 0-5 billion yuan category is led by Longhuixiang Investment, Moku Asset, and Qinxin Fund [23][25] Investment Strategies - Fusheng Asset focuses on the profitability trends of leading companies in various industries, particularly those showing signs of marginal improvement [5] - Wangzheng Asset adopts a "core + satellite" investment strategy, targeting undervalued quality companies and high-growth innovative sectors [6][7] - The investment strategies of other firms include a mix of subjective and quantitative approaches, with an emphasis on risk control and diversification [10][11]