32位百亿主观私募投资“老将”揭晓！但斌、王文、吴伟志上榜！

Core Insights - The value creation of subjective private equity funds heavily relies on the personal judgment of fund managers, with the scarcity of Alpha returns becoming more pronounced in recent volatile and structural market conditions [1] - As of November 14, 2025, there are 5,330 subjective private equity firms, with over 70% in the securities investment category, and only 47 firms managing over 10 billion yuan, accounting for less than 1% of the total [1] - The average returns for fund managers with performance data over the past six months is 22.76%, and over the past three years is 67.81% [1] Group 1: Fund Manager Experience and Background - There are approximately 32 fund managers with over 25 years of experience in the 47 billion-level subjective private equity firms, accounting for about 10.70% of the total [2] - Among these, 18 have over 30 years of experience, with the longest being Dr. Zhang Ping from Loken International, who has 38 years of experience [2] - Most of these experienced fund managers have backgrounds in banks, securities firms, and funds [3] Group 2: Performance of Fund Managers - As of November 14, 2025, there are 40 fund managers with performance data over the past three years, managing a total of approximately 48.71 billion yuan across 171 products [6] - The top-performing fund managers over the past three years include Jiang Yunfei (Juqing Investment), Dan Bin (Oriental Harbor), and Zhang Youjun (Junzhijian Investment), with Dan Bin achieving the second-highest returns [6][8] - Dan Bin has a management scale of approximately 9.1 billion yuan, the largest among the top fund managers, and emphasizes the importance of investing in high-potential sectors like AI [9] Group 3: Recent Performance Highlights - As of November 14, 2025, 60 fund managers have performance data over the past six months, managing a total of approximately 78.89 billion yuan across 259 products [12] - Notable performers in the recent six-month period include Jiang Yunfei, Wu Wei Zhi, and Wang Wen, with Wang Wen being the founder of Rido Investment and expressing confidence in the future of the Chinese stock market [14] - The performance of fund managers is primarily driven by stock investment strategies, with Jiang Yunfei being the only one focusing on bond investment [7][12]