百亿私募业绩揭晓，量化与主观长期业绩谁更胜一筹?

Group 1 - The core viewpoint of the articles highlights the significant performance of quantitative private equity funds in 2025, with an average return of 34.42% compared to 21.63% for non-quantitative funds from January to November [1][6] - The number of quantitative private equity funds has increased to 55, surpassing the 47 subjective funds, indicating a growing dominance in the market [3][4] - The overall performance of private equity funds managing over 10 billion yuan shows a strong average return of 29.44%, with 97.26% of funds reporting positive returns [5] Group 2 - The investment outlook suggests a "slow bull" market trend, with expectations for corporate earnings and liquidity to resonate, particularly in the domestic demand sector [2] - Quantitative strategies are noted for their adaptability in volatile market conditions, allowing for better performance in a rapidly changing environment [7] - Despite the strong performance of quantitative funds, some subjective funds have also shown significant returns, with certain products exceeding 50% this year [6][7]