瑞达期货总经理葛昶： 十年磨一剑 破解期货资管“阿尔法”

Core Insights - The core viewpoint of the article emphasizes the importance of active asset management in the futures industry, highlighting the strategic choices made by Ruida Futures over the past decade to enhance its trading capabilities and achieve high-quality development [1][2]. Company Strategy - Ruida Futures has focused on trading capabilities as its core competitive advantage, particularly in derivatives, leading to three main benefits: establishing a first-mover advantage, demonstrating strong operational resilience with profits growing over 50% in 2024 and over 60% in the first half of this year, and experiencing less regulatory pressure [2][3]. - The company has transitioned from a passive channel to active management over ten years, emphasizing the choice of trading capabilities and active management despite lacking traditional resources [4]. Risk Management and Investment - Ruida Futures maintains a core philosophy that links asset management with risk management, asserting that investment management ultimately returns to risk management, focusing not only on returns but also on pricing and managing risks [3]. - The company possesses inherent advantages over traditional asset management in three areas: strong risk identification capabilities, a comprehensive research system covering macro and industry chain studies, and unique trading attributes suitable for strategy development [3]. Development Milestones - Since obtaining its license in 2012, Ruida Futures has developed a systematic capability in active management, launching its first actively managed product in 2014 and evolving to a multi-strategy, multi-asset, and multi-cycle approach [4].