喜岳投资：“慢就是快”的耐心量化

Core Viewpoint - The article highlights the unique positioning and investment philosophy of Xiyue Investment, a private equity firm that has successfully navigated the evolving landscape of quantitative investing over the past decade, emphasizing a focus on fundamental quantitative strategies rather than high-frequency trading. Group 1: Investment Philosophy - Xiyue Investment adopts a "slow" approach to quantitative investing, focusing on fundamental analysis and systematic research to identify mispriced assets, which leads to more stable returns and lower market drawdowns [3][4]. - The core of fundamental quantitative investing is to discover discrepancies between price and value, allowing for profit during valuation corrections, which requires deep research and logical consistency [3][4]. Group 2: Client Structure - The firm has developed a client base primarily composed of institutional investors, which aligns with its long-term investment logic and stability, enhancing its standards in strategy design, risk control, and compliance management [5]. - Institutional clients prioritize the explainability and stability of strategies over short-term gains, which resonates with Xiyue's fundamental quantitative approach [5]. Group 3: Academic Foundation - Xiyue's founders possess strong academic backgrounds, with doctoral degrees from prestigious institutions, which provides a solid foundation for developing executable investment models [6]. - The firm has maintained a commitment to academic engagement, sponsoring financial conferences to integrate cutting-edge research into its investment strategies [6]. Group 4: Competitive Strategy - Xiyue emphasizes healthy, sustainable competition, avoiding the pitfalls of ineffective competition in the quantitative investment industry, and has steadily developed since its founding in 2014 [7][8]. - The firm is expanding its office space and brand presence, reflecting its growth and commitment to a collaborative future while maintaining a focus on long-term value creation [8]. Group 5: Leadership and Knowledge Sharing - The chairman, Dr. Zhou Xin, has extensive experience in investment research and has contributed to knowledge dissemination through his video channel, discussing fundamental investment concepts and methodologies [9]. - Xiyue continues to explore historical, economic, and market patterns, integrating technology into its decision-making while adhering to proven investment wisdom [9].