百亿私募2025年业绩出炉：平均收益率近33%，量化策略领跑

Group 1 - The overall performance of the A-share market in 2025 was strong, with 75 billion private equity firms achieving an average return of 32.77%, and 98.67% of them reporting positive returns [1] - Among the billion quantitative private equity firms, the average return reached 37.61%, significantly higher than the overall level of billion private equity firms, with all firms reporting positive returns [1] - The performance of subjective strategy private equity firms was relatively weaker, with an average return of 25.80%, and 95.65% of them achieving positive returns [1] Group 2 - Seven mixed strategy private equity firms achieved an average return of 24.59%, with all firms reporting positive returns [2] - The A-share market showed a rapid rotation trend, with major indices such as the Shanghai Composite Index and Shenzhen Component Index rising by 18.41% and 29.87% respectively [2] - The strong performance of the A-share market created a favorable environment for private equity performance, with expectations of approximately 3 trillion yuan in incremental funds in 2026, primarily from public offerings, insurance funds, and bank wealth management [2] Group 3 - The spring market rally is expected to continue, with a focus on the support of fundamental data and the impact of policy expectations on market confidence [3] - The market may experience increased volatility in the short term as it reaches new highs, emphasizing the need for structural investment opportunities [3]