年内量化多头策略私募基金产品超九成实现正超额

Core Insights - The A-share market in 2025 is characterized by a structural rally, with quantitative long strategies consistently achieving excess returns due to their systematic advantages [1][4] Group 1: Performance of Quantitative Long Strategies - As of November 2025, the average excess return of 833 quantitative long products in the market reached 17.25%, with 762 products generating positive excess returns, resulting in a positive excess ratio of 91.48% [1][3] - Private equity firms with assets between 2 billion to 5 billion yuan exhibited the highest average excess return of 20.12%, with 93% of products achieving positive excess returns [1][3] - Large private equity firms with over 10 billion yuan in assets followed closely, achieving an average excess return of 19.98% and a positive excess ratio of 98.13% [1][3] Group 2: Performance of Smaller Private Equity Firms - Smaller private equity firms with assets between 0 to 5 billion yuan had the lowest average excess return of 13.85%, with only 81.07% of products generating positive excess returns [2][3] - Firms with assets between 5 billion to 10 billion yuan had a slightly better performance, with an average excess return of 16.4% and a positive excess ratio of 87.37% [2][3] Group 3: Market Dynamics and Strategy Effectiveness - The A-share market in 2025 is experiencing a volatile upward trend, with frequent rotations between technology sectors powered by AI and cyclical sectors, creating a favorable liquidity environment for quantitative trading [4] - Quantitative long strategies are able to capture the rhythm of sector rotations effectively, showcasing their dynamic adjustment capabilities [4] - The integration of artificial intelligence enhances the ability to process vast amounts of information, allowing multi-factor models to effectively diversify risks while boosting return potential, aligning well with the market style of 2025 [4]