幻方量化去年狂赚57%，跻身百亿级量化基金业绩榜第二！

Group 1 - The core viewpoint of the articles highlights the strong performance of Huansheng Quantitative, which ranks second among China's quantitative funds with an average return rate of 56.6% in 2025, providing substantial financial support for its incubated AI company, DeepSeek [1][2] - Huansheng Quantitative's impressive performance is attributed to its strategic transformation, shifting focus from market-neutral strategies to a pure long-only product line aimed at outperforming stock benchmark indices, which has become the core driver of its growth [2] - The overall performance of the Chinese quantitative industry in 2025 is also noteworthy, with an average return rate of 30.5%, significantly higher than the global average, and a notable increase in the number of quantitative fund companies managing over 5 billion RMB [3] Group 2 - The company, under the leadership of its founder Liang Wenfeng, has ceased accepting external funds, maintaining majority ownership while leveraging its strong financial position to support DeepSeek's research and development [1][2] - The average return of products managed by co-founder Xu Jin reached 58.6%, while CEO Lu Zheng's products averaged a 56% increase, with Lu Zheng's stock strategy achieving a Sharpe ratio of 2.8, ranking first among leading quantitative institutions [2] - The rapid expansion of the quantitative fund industry is evidenced by the increase in the number of firms managing over 5 billion RMB, rising from 63 to 91 within a year, reflecting a trend towards concentration in management scale [3]