复合策略最新10强揭晓！榜首喜世润看涨黄金至8000美元！

Core Viewpoint - The composite strategy, which combines multiple investment strategies, aims to reduce risk and stabilize returns, showing significant advantages over single strategies in terms of volatility smoothing, enhanced returns, and scale expansion [1]. Summary by Categories Performance of Composite Strategies - As of December 12, 2025, there are 428 composite strategy products with reported performance this year, ranking third in quantity after quantitative long and subjective long strategies [1]. - The average return of composite strategies this year is 26.52%, placing it fifth among 16 secondary strategies [2]. Performance by Company Size - Among private equity firms with assets between 50-100 billion, composite strategies yield the highest average return of 34.39% this year [2]. - The median return for firms with over 100 billion in assets is 25.63% [2]. - The average return for composite strategies across all company sizes is 26.52%, with a median return of 19.83% [3]. Top Performing Composite Strategy Products - In the top private equity category, composite strategy products have an average return of 28.86% and a median return of 25.53% [4]. - The top product, "喜世润黄金1号A类份额" managed by 关歆 from 喜世润投资, has a notable performance this year [5][6]. - In the 10-50 billion category, the top product is "天辉霍格1号" managed by 张洲 from 天辉(上海)私募, with a strong focus on quantitative investment strategies [8][7]. - For the 0-10 billion category, "蚂金青山进取一号" managed by 吕鑫 from 巨熊 leads with a significant advantage in returns [11][10].