年化近57%！梁文锋的量化基金赢麻了

Core Insights - DeepSeek has gained significant attention in international tech media in 2025 due to breakthroughs in efficiency and cost with models like R1 and V3, while its founder Liang Wenfeng is expanding his quantitative finance portfolio [1] - Huanfang Quantitative achieved an impressive average annual return of 56.6% in 2025, ranking second among Chinese quantitative funds with over 10 billion yuan in assets under management, only behind Ningbo Lingjun Investment [1] Performance Metrics - In 2024, Huanfang Quantitative had a performance of -4% compared to the index, but rebounded to +56.6% in 2025 [2] - Assets under management increased from $7 billion in 2024 to an estimated $8.2 billion in 2025 [2] - The company transitioned to a long-only strategy in 2025, abandoning its previously high market-neutral strategy, which contributed to its significant performance improvement [2] Synergistic Ecosystem - Huanfang Quantitative and DeepSeek are not isolated entities but form a synergistic closed-loop ecosystem, with Huanfang's investment returns providing stable funding for DeepSeek's AI model development [3] - The impressive performance of Huanfang Quantitative has significantly expanded Liang Wenfeng's research and development resources, with estimated annual fee income exceeding 5 billion yuan [3] - Huanfang Quantitative has adopted model architectures from DeepSeek, such as the Mixture of Experts (MoE), enhancing decision-making efficiency while reducing computational costs [3] Resource Optimization - DeepSeek has established its own computing cluster for time-sharing, supporting both large model training and quantitative strategy data processing, maximizing hardware utilization [5] - This model is unique in the global AI and finance sectors, where AI is not merely a costly front-end project but is funded by mature financial operations, creating a feedback loop for continuous improvement [5] - The overall recovery of the Chinese quantitative fund industry in 2025, with an average return rate of approximately 30.5%, highlights Huanfang Quantitative's performance as a key example of the industry's revival [5]