Core Viewpoint - The AI sector is experiencing a significant boom, with Nvidia's CEO asserting it as the most influential technology of the era. However, the Qianhai Kaiyuan AI fund has underperformed, contrasting sharply with the overall success of similar funds in the market [1][2]. Group 1: Fund Performance - The Qianhai Kaiyuan AI fund has seen a year-to-date decline of 7.47% as of December 17, 2025, while most comparable AI-themed funds have gained over 30% [1][4]. - Among 63 AI-themed funds, 16 out of 17 funds that have been established for over a year have increased by more than 30% since 2025, with some exceeding 100% [2][3]. - The fund's long-term performance shows a cumulative return of 38.05% since its inception in May 2016, but it has faced significant short-term losses [5]. Group 2: Investor Sentiment - Investors have expressed frustration over the fund's performance, with some reporting losses of up to 31% over five years, questioning its alignment with the booming AI sector [2][6]. - The fund's community has been vocal about their disappointment, highlighting the stark contrast between their experiences and the performance of other AI funds [2]. Group 3: Management and Strategy - The fund has been managed by two fund managers, with the first manager, Qu Yang, achieving a return of 93.30% during his tenure. After his departure, the fund's performance declined significantly under the management of Wei Chun [8][9]. - The fund's high turnover rate of 420.79% in the first half of 2025 indicates a strategy that may have contributed to its underperformance, as it frequently changed its top holdings [12][11]. - The fund's focus on end-side AI stocks has been criticized for missing out on the broader market trends that favored foundational AI infrastructure and chips, leading to its losses [14].
年内下跌7%，前海开源的人工智能基金“翻车”了
3 6 Ke·2025-12-19 10:27